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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.

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MLSs turn to AI to catch commission lawsuit settlement violations

Housing Wire

MLSs are using AI technology to catch agents who attempt to circumvent the commission lawsuit settlement terms. It also requires MLS members to disclose agreements with prospective buyers that outline commission expectations before showing them a home for sale. But now it’s a dirty word.

MLS
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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

Fleet Homes Real Estate Team – Keller Williams Real estate teams are comprised of real estate agents and other professionals working together towards one common goal to close deals. Depending on the team’s structure, agents can work closely together or independently. Teams are led by a team leader.

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Rocket launches bridge loans to make homebuying easier

Housing Wire

Bridge loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. Some buyers can’t compete without first selling, missing opportunities to purchase a home. In terms of pricing, the product is similar to a traditional closed-end second mortgage.

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Better leans on AI, sees first profitable month since 2022

Housing Wire

The company said AI-powered underwriting now supports 75% of its locked loans up from just over 40% immediately after its launch and is helping loan officers close more than three times the mortgage industry median per month. In the second quarter, it signed an agreement with a bank to power its entire mortgage operation.

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

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New TRREB Rules: How Will They Affect YOU?

Toronto Realty Blog

If a property sold for $2,000,000 but there was $100,000 worth of chattels included, then we would want the historical MLS to reflect this so we can continue to accurately evaluate properties via “comparable sales.” Do you see where this is going? Do you see the implications? How would this ever be enforced by TRREB?

MLS