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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Kendall Bonner named vice president of industry relations at eXp

Housing Wire

On Tuesday, the nation’s largest brokerage by transaction side count announced that it had named Kendall Bonner as its new vice president of industry relations. Her efforts will center on advocating for the interests of the eXp Realty community, ensuring that eXp remains at the forefront of industry advocacy and partnership development.”

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CoreLogic promotes industry veteran to lead real estate business

Housing Wire

. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement. Throughout his career, Greene developed expertise in business development and product strategy. “Our

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RE/MAX to lean on high agent productivity during turbulent times

Housing Wire

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Carlson cited RealTrends Verified data to illustrate how productive RE/MAX agents are. to 143,287 agents.

Agents 420
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VA should expedite regulatory changes for agent commissions: CHLA

Housing Wire

NAR’s settlement, which could go into effect as early as July, will eliminate the long-standing “Participation Rule” that requires listing agents to make an offer of cooperative compensation to buyers’ agents. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 441
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MMI names Brian McKray as director of product development

Housing Wire

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has appointed Brian McKray as the director of product development. The platform offers granular insights into lenders, loan officers, and real estate agents by region or individual transactions.

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Real estate agents are staying put: Relitix

Housing Wire

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016.

Agents 409