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Labor Department announces new rule to shield retirement savings

Housing Wire

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Taking effect on Sept.

Investor 417
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Significant shifts in real estate team performance: Streamlined

Housing Wire

In five of the six size categories of teams both gross profit margins and net income margins declined from the second quarter 2023 results. This realignment can be viewed as an evolution in market dynamics, with sales dispersing into lower revenue categories (Gross Commission Income), teams and agents are still running profitable companies.

Brokerage 400
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Opinion: Proptech’s big miss

Housing Wire

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Of these, category 2 is the most established. Some companies in this space are better than others, but overall, the industry can give itself at least an A- in this category. Why is this the case?

Finance 430
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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

Reverse mortgage professionals often cite financial advisers as their most ideal referral partnerships, but uptake on the product category by those in the profession has been tepid. It showed that despite plenty of investment in education, the industry has work to do before it gets to where it wants to be.

Mortgages 458
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Q2 2023 real estate team financial performance beats Q1 numbers

Housing Wire

Small teams had highest increase in net margin Teams in every size category saw an increase in Gross Margin (GM), with teams having annualized revenue between $300,000 and $550,000 seeing the largest increase in GM from 72.5% of GCI to 49.3% of GCI to 29.0% of GCI, or a decline of 23.1% from Q1 to Q2. of GCI to 29.0% from Q1 to Q2.

Brokerage 366
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FAR’s CMO on reverse mortgage industry headwinds, the role of market research

Housing Wire

“I don’t think it’s anything about [what] the companies themselves [are doing], it’s strictly related to things like the health of the bond market, rates and our ability to invest [correctly] in the short term.” In such instances, it becomes important to focus on what the companies can control, he explained.

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Optimal Blue CEO Scott Smith on making the right tech investments

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. We have a pretty strong investment being part of Constellation Software now. Sarah Wheeler: What differentiates your tech? 1 provider.