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Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 376
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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

Violations identified vary across different stages of the loan process. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value. The same institution also stated that it initiated or ordered appraisals when it added borrowers’ information into a lender’s software.

Banks 371
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Thinking of selling your real estate brokerage? Here’s how to prepare

Housing Wire

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Valuation – The valuation stage can also be considered the preliminary due diligence stage.

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The industry needs to speak out about the consequences of the commission lawsuits: Brokerage leaders

Housing Wire

I would love to see Fannie Mae and Freddie Mac allowing some type of financing of the commission, but I don’t think it will happen,” Lamacchia said. “I a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. At this stage there is obviously a wide range of potential outcomes of how the lawsuit storyline could unfold next year.

Brokerage 433
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. Another consequence could be the emergence of real estate agents creating their brokerages and forming joint ventures with lenders, he said.

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Wendy Forsythe joins eXp Realty as chief marketing officer

Housing Wire

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. Her visionary approach will be crucial in elevating eXp Realty’s presence and impact on the world stage,” Leo Pareja , the newly CEO of eXp Realty, said in a statement.

Marketing 327