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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether? Enter the savvy seller.

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

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Aceable Agent Review: features, pricing, pros & cons

Housing Wire

If you’re new to real estate, you must complete a state-approved course and pass your state’s licensing exam. Aceable Agent is an online real estate school that offers self-paced real estate courses designed for mobile app and web. The number of required class hours varies according to state law.

Agents 374
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Why is our industry still transferring money with paper checks?

Housing Wire

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” and get a pre-approval for a mortgage from the comfort of your own laptop. That’s just the beginning.

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It’s Important to Get Your Mortgage Pre-approval Updated in Any Real Estate Market, but Especially This One

Lighter Side of Real Estate

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

Agents 397
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Freddie Mac updates risk mitigation requirements for the industry due to elevated cybersecurity threats

Housing Wire

increase in CPL/agent validation errors with title insurers versus the 12-month average and a 2.4% increase in state licensing issues among closing agents versus the 2021 average. Efficiencies will be needed to catch issues in title workflows pre-closing, to help reduce post-close and trailing document costs and inefficiencies.