Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Agents 479

Agents Purchase and sale agreement Brokerage Finance 479

Housing Wire

MARCH 25, 2024

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

Agents VA loan Loans Mortgages 441

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Quo’s team, led by co-founders Tucker Hass and Neel Yerneni, will join Homebot.

Finance 341

Finance Loan Officer Loans Development 341

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

Purchase and sale agreement 420

Purchase and sale agreement Agents Seller concession MLS 420

Housing Wire

MAY 6, 2024

Despite all of the changes Abel anticipates will occur he said he firmly believes that the real estate agent will remain “an important part of these transactions.” “It ” He also shared that he has never negotiated down an agent’s commission, despite his last home sale fetching an over $7 million price tag.

Agents 488

Agents Investor Industrial Sales 488

Housing Wire

NOVEMBER 20, 2023

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.

Pre-approval 425

Pre-approval Agents Loan Officer Seller concession 425

RIS Media

MAY 7, 2024

Bringing together ostensible outsiders with deep experience in the realm of housing policy and finance, the National Association of REALTORS® (NAR) billed the panel—taking place during the organization’s midyear legislative meetings in Washington D.C.

Finance 122

Finance MLS Loans Industrial 122

Housing Wire

SEPTEMBER 4, 2020

This includes Realtor associations, MLSs, agents, brokers, lenders and title companies. Jim Anderson is joining Finance of America Mortgage , a national, full-service mortgage banker as chief marketing officer, bringing more than 20 years of marketing experience to the company.

Finance 415

Finance Branding Title Lending 415

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Agents 431

Agents Sales Finance As-is 431

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.

Brokerage 431

Brokerage Agents MLS As-is 431

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The agent movement reflects the relative mobility of experienced agents between brokerages.

Agents 409

Agents MLS Brokerage Industrial 409

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 401

Agents Marketing Brokerage Technology 401

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages.

Agents 508

Agents Loans Mortgages Closing 508

Housing Wire

NOVEMBER 13, 2023

However, a significant majority of buyers (80%) financed their home purchase in 2023, up from 78% in 2022 but still down from 87% two years ago, according to the survey. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home.

Agents 388

Agents Finance Mortgages Marketing 388

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 394

Agents Loan Officer Lending MLS 394

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Closing costs 396

Closing costs Closing Agents Mortgages 396

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 398

Agents Construction Design Branding 398

Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. What do you do when your buyer’s financing is denied? The following tips are tried and true solutions to financing issues! Other down payment issues can arise because they’re guaranteeing an appraisal gap, so an agent could try to have the seller re-negotiate.

Debt-to-income ratio 94

Debt-to-income ratio Finance Backup offer Agents 94

Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. The client can find their own appraiser, or real estate agents can recommend appraisers they have worked with before. This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties.

Agents 450

Agents Inspection Sales Commercial 450

Housing Wire

JANUARY 10, 2024

Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. On this, NAR has previously reached the same conclusion.

Agents 429

Agents Sales Residential Commercial 429

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Build strong relationships with lenders and mortgage professionals.

Fixed-rate mortgage 440

Fixed-rate mortgage Agents Marketing Lending 440

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Our agent-centric model and value proposition, scale and superior efficiency enable us to invest in the success of our agents.”

Agents 396

Agents Principal Residential Sales 396

Housing Wire

DECEMBER 6, 2023

Flat-fee real estate brokerage Fathom Realty will hike its agent fees in 2024 to bolster the company’s revenue by more than $3 million next year. First, there will be an increase of $100, from $600 to 700, in agents’ annual fee, which is charged on an agent’s first transaction every year. per share.

Agents 418

Agents Brokerage Sales Finance 418

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have.

Agents 377

Agents Sales Branding Development 377

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Agents 440

Agents Title Residential Finance 440

Inman

MAY 23, 2023

A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly.

Finance 147

Finance Agents Banks Lending 147

Housing Wire

APRIL 22, 2022

Starting May 25, “several hundred” real estate agents in the Raleigh, North Carolina and Denver metro areas will no longer have access to Premier Agent , thanks to major changes coming to Zillow ’s lead generating platform. The percentage an agent pays depends upon the sale price of the property.

Agents 370

Agents Finance Loans Design 370

Inman

JANUARY 25, 2024

Leaders from Better, Point and EasyKnock said that consumers are becoming increasingly curious about alternative financing options — but they still need agents to help guide them.

Agents 181

Agents Finance Pre-approval Technology 181

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers. Financial terms of the agreement were not disclosed.

Finance 189

Finance Loan Officer Equity Renovation 189

Broke Agent Media

MAY 26, 2023

BAM Key Details: A new Zillow survey shows over half (55%) of buyers turn to real estate agents for financing advice. The top three concerns buyers discussed with agents include understanding mortgage costs (56%), understanding how much they can afford (45%), and researching mortgages and rates (41%).

Finance 52

Finance Agents Mortgages Banks 52

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. Posnick noted that one client even had the settlement notification postcard on the kitchen table when he and another agent from the firm went to meet with the seller to sign their listing agreement.

Agents 415

Agents MLS As-is Title 415

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. The program is available in all 24 countries where eXp Realty operates and it is open to agents who joined on or after March 1, 2023.

Agents 351

Agents Brokerage Equity Design 351

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing.

Finance 106

Finance VA loan FHA loan Agents 106

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. I’ll explain later.)

Agents 406

Agents Seller concession Closing costs Mortgages 406

RIS Media

DECEMBER 7, 2023

One aspect of business that often gets overlooked in the hustle and bustle of the holidays is finances. But when was the last… The post Focus on Finances: Resources for Financial Literacy and Business Planning appeared first on RISMedia.

Finance 119

Finance Industrial Agents 119

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

VA loan 395

VA loan Agents Pre-approval Debt-to-income ratio 395

Housing Wire

APRIL 3, 2024

The letter is being sent in response to a series of real estate commission lawsuits and the recent $418 million settlement by the National Association of Realtors (NAR), with the association also agreeing to abolish the “Participation Rule” requiring sell-side agents to make an offer of compensation to buyer brokers.

FHA loan 402

FHA loan Finance Loans Agents 402