Housing Wire

NOVEMBER 7, 2023

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market.

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VA loan Agents Seller concession FHA loan 482

Housing Wire

AUGUST 30, 2024

In an interview with TechCrunch , which first broke the news of Landian’s debut, Sitzer said his frustration with having to pay a 3% commission to a buyer’s agent on the sale of his Kansas City home in 2017, which his shared with his neighbor, who happened to be a lawyer familiar with the subject matter, prompted the lawsuit.

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Purchase and sale agreement Brokerage Agents Closing 459

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Purchase and sale agreement Title Agents MLS 370

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Purchase and sale agreement Title Agents MLS 369

Housing Wire

MARCH 24, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. In an interview with HousingWire, Jacobson mostly wanted to discuss UWM’s broker agreement , specifically a passage in section 2.03 “It’s not true. .”

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Purchase and sale agreement Loans Loan Officer Mortgages 397

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Self-paced online * Florida school prices as of October, 2023 Aceable Agent: Best Florida real estate school for efficiency & ease Overall Rating 4.8 / 5 Rating: 4.5 out of 5.

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Purchase and sale agreement MLS Pre-approval Agents 468

Toronto Realty Blog

NOVEMBER 4, 2024

But as I write this blog post (over the weekend), I can only guess as to how October sales will look. In my monthly “TRREB Stats” blog post, I always examine three essential statistics in our real estate market: price, sales, and new listings. That , in my opinion, is the number-one reason why sales are slow right now.

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Sales Purchase and sale agreement Agents Pre-approval 105

Housing Wire

SEPTEMBER 6, 2023

Any future exit from conservatorship will confront issues beyond capitalization such as data monetization, risk parameters, secondary market design, FHA execution and the pricing of mortgage guarantees. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

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Purchase and sale agreement Title Mortgages Lending 370

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Simply put, it’s a residential building with more than one unit designed to house multiple families.

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Purchase and sale agreement Property Management Hard money loan Investor 105

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

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Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. But it’s a tough road to hoe. (AI

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Loan Officer Loans Agents Mortgages 488

Housing Wire

DECEMBER 8, 2023

Are you looking to get licensed as a real estate agent in Arizona? Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. out of 5 stars Rating: 4.5 out of 5.

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HR Purchase and sale agreement Pre-approval Staging 434

HomeLight

APRIL 19, 2022

Gone are the days where a simple handshake could solidify a working agreement between a buyer and their real estate agent. Instead of a handshake, buyer’s agents are presenting homebuyers with a document called a “buyer broker agreement” — and you might not know what that is!

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Purchase and sale agreement Agents Inspection Brokerage 111

Realty Biz

JULY 17, 2022

Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. Most real estate agents would laugh at the thought of seeing an offer with a home sale contingency.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 132

The Close

SEPTEMBER 30, 2020

After 26 years of being a residential real estate agent, managing broker, and real estate coach, I too have wondered if there is a massive benefit for me to get my CCIM designation. OK, let’s start at the beginning: What Is a CCIM Designation? Making the Transition From Residential Agent to Commercial Agent.

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Residential Design Agents Commercial 105

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. And now you’ve realized that even the listing agreement with your agent has expired. Where does that leave you?

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Purchase and sale agreement Staging Agents Brokerage 105

The Close

JUNE 4, 2024

Becoming a real estate agent is an exciting journey that involves mastering the real estate market and adapting to client needs. While all types of real estate agents are required to take education courses to earn a real estate license, you can choose to work in different roles, each requiring a unique set of skills.

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Agents Purchase and sale agreement Commercial Title 98

HomeLight

AUGUST 16, 2022

However, there is one problem… The house isn’t listed with a real estate agent. That’s right, it’s a “For Sale By Owner” property, meaning that the owner is selling the property without the help of a listing agent. Generally speaking, the seller will still pay the buyer’s agent commission when selling their home FSBO.

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Purchase and sale agreement Agents Inspection Title 111

HomeLight

JANUARY 9, 2025

In this guide, well outline the pros and cons of cash-for-homes companies, explain how the process works, and compare them to working with a real estate agent, helping you decide which option works best for you. Sign the agreement: If you accept the offer, youll sign a purchase agreement to finalize the terms of the sale.

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Purchase and sale agreement Title Renovation Closing 52

HomeLight

SEPTEMBER 30, 2021

An HOA is a group of homeowners in a designated real estate development. These rules are outlined in the HOA agreements. Texas real estate agent Jo Anne Johnson has 14 years of selling experience, which have made her an expert in HOA documents, and how they affect prospective buyers. . … Rules and regulations.

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Purchase and sale agreement Homeowner’s association Design As-is 90

RIS Media

MAY 30, 2021

When this occurs, both buyers and agents have missed a significant opportunity to work together for mutual benefit. To avoid this possibility, encourage your agents to take these four essential steps: 1. All too often agents invite problems simply because they are reluctant to discuss new homes. To learn more, visit REBAC.net.

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Purchase and sale agreement Construction New Construction Development 145

HomeLight

AUGUST 31, 2021

These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable. And if you thought buying new construction without an agent would save you a few bucks in commission, think again. In this article: The value of a real estate agent in buying new construction.

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Agents New Construction Purchase and sale agreement Construction 128

HomeLight

MARCH 16, 2021

You’re finally ready to purchase your first home. But first, you need to figure out how to find a buyer’s agent … and the search process isn’t as easy as you thought it would be. Why are there so many licensed agents? You need an experienced and specialized professional: a buyer’s agent.

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Agents Purchase and sale agreement Brokerage Design 111

HomeLight

JUNE 28, 2022

If you’re selling or buying a home, you may be wondering what kind of agent you need to hire. What’s the difference between a buyer’s agent, a listing agent, a seller’s agent, a Realtor®, and a broker? What qualifies an agent to meet your unique homeownership needs? Real Estate Agent. Transactions.

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Purchase and sale agreement Agents Brokerage Backup offer 110

Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. There are a lot of factors that could make a brand-new home a less than ideal purchase. Outlaw warns that purchasing a cheap build in a nice neighborhood will have ramifications—like costly repairs—further down the line. ” 4.

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New Construction Construction Purchase and sale agreement Design 138

Realty Biz

FEBRUARY 20, 2021

Given they are significant legal terms in a purchase and sale, it is essential to have a strong working knowledge of how they work. Some of these clauses can benefit you when purchasing a home, so we will look at some of the contingency clauses you might encounter when buying a property. Real Estate Contingencies Explained.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 137

Realty Biz

NOVEMBER 30, 2021

Since escrow is a huge step during the real estate purchase process, you need to know how escrow funds work. Escrow designates a legal agreement that engages a third party in the real estate transaction. The third-party is involved in protecting both the seller and the buyer during the purchase procedures. What is Escrow.

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Purchase and sale agreement Title Agents As-is 28

Lab Coat Agents

JANUARY 9, 2025

These new rules are designed to tighten consent protocols, regulate automated communication, and enforce stricter penalties for violations. As a real estate agent, staying compliant not only helps you avoid steep fines but also builds trust with potential clients. Agents must honor these revocations within 10 business days.

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Agents Purchase and sale agreement Technology Design 98

Easy Agent Pro

AUGUST 11, 2022

8 Best Real Estate Marketing Software for Agents. As a real estate agent, you know that staying ahead of the curve is the key to success. Successful real estate agents and brokers need to have the best marketing tools in their toolkit. Best Overall Real Estate Marketing Software: Easy Agent PRO.

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Agents Marketing Purchase and sale agreement Branding 114

RIS Media

AUGUST 10, 2021

Here are some proven sales strategies to help drive your agent’s success every day and week, setting more appointments, converting more leads and making more sales happen for your team and for themselves. Teach your agents to have a relentless focus on setting a certain number of listing appointments every week.

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Sales Purchase and sale agreement Agents Staging 98

The Close

SEPTEMBER 19, 2024

These negotiation strategies are vital elements of real estate transactions and often determine the success or failure of a property sale. This guide is designed to provide essential knowledge and tips for answering the question, “What is a counter offer in real estate?”

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Purchase and sale agreement Agents Inspection Home sale contingency 97

HomeLight

JANUARY 27, 2025

Your real estate agent invests time and effort to market your home to find the best buyer possible. If the agent successfully finds you a buyer for your home, they earn a commission on the sale. Step one: Talk to an expert! Selling your house soon? Learn More What is a protection clause?

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Purchase and sale agreement MLS Agents Brokerage 97

HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. If significant defects are found, the buyer can renegotiate or withdraw from the sale without penalty.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 115

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. And if you’ve recently overheard a work colleague gloating about how they easily bought a house without a real estate agent, one of those questions might be whether you actually need to hire an agent at all. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

MARCH 23, 2021

You may wonder, what does a real estate agent even do? According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Real estate agents are essential advocates through the homebuying process. What is a real estate agent?

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Agents Purchase and sale agreement Inspection Inspection contingency 105

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 124

HomeLight

FEBRUARY 29, 2024

Work With a Top Agent to Find a Rent-to-Own Home When considering a rent-to-own home, working with a real estate agent experienced in these types of deals can help you navigate the process and find a great deal. The rental period in a rent-to-own agreement can vary, but a typical time period is three years.

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Purchase and sale agreement Finance Loans Design 116