Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Purchase and sale agreement Agents Brokerage Industrial 356

Housing Wire

MAY 14, 2024

The reality is that when it comes to homeownership affordability, gains aren’t made through big legislative proposals – but through positive incremental steps by the agencies that run our federal mortgage programs. As the legendary Ohio State football coach Woody Hayes put it, “Three yards and a cloud of dust.”

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FHA loan Loans Title Mortgages 304

Housing Wire

APRIL 9, 2024

The reality is that when it comes to homeownership affordability, gains aren’t made through big legislative proposals, but through positive incremental steps by the agencies that run our federal mortgage programs. Homeownership is used far too often as the federal piggy bank. Such opportunities may arise.

FHA loan 432

FHA loan Loans Title Mortgages 432

Housing Wire

MAY 2, 2024

According to one independent broker in California, there will be a “increase in dual agency with buyers going direct to listing agents.” My agents are well trained and prepared as we use a Buyer Broker Agreement and have buyers offset any [brokerage compensation] that the sellers do not pay.

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Brokerage Agents Residential Sales 352

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process.

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Loans Mortgages Construction Finance 416

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure.

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Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

OCTOBER 18, 2022

Unemployment rate : This is typically a harbinger of monetary policy since it reflects part of the dual mandate of the Federal Reserve. Inflation rate : This is the other piece of the Fed’s dual mandate, and currently the focus of most conversations in the industry. seen in July. For reference, the unemployment rate was 3.4%

Mortgages 353

Mortgages Marketing Fixed-rate mortgage Lending 353

Housing Wire

JULY 20, 2023

The Right to Robust Dual Compensation Consumer Protections. Perhaps more than any other financial product, mortgages offer a wide array of specific consumer protections including RESPA, TILA, TRID, LO Comp, HOEPA, servicing rules, and many others,” CHLA said in a statement regarding the document.

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Mortgages Banks Loans Finance 296

Maximum Exposure Real Estate

JULY 16, 2021

What is Dual Agency and How Does it Work? Are you wondering what dual agency is and how it works? One of my duties as a real estate agent is to explain how agency law works in Massachusetts. I am required by law to present agency law at my first meeting with a prospective […].

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Realty Biz

JANUARY 29, 2023

Home Sellers Need to Be Leery of Dual Agency With Pocket Listings When only your listing agent is searching for a buyer, the chances of dual agency increase dramatically. If you are unfamiliar with the term, dual agency is when a real estate agent represents both the buyer and seller. They can't!

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Purchase and sale agreement MLS Sales Agents 114

Realty Biz

NOVEMBER 1, 2022

Should I Except Dual Agency? Your real estate agent may entice you to accept dual agency in exchange for a lower real estate commission. Let me make one thing perfectly clear - dual agency is horrible for consumers. Buyers and sellers should avoid real estate agents that practice dual agency.

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Agents Sales Inspection As-is 114

Housing Wire

APRIL 14, 2023

This environment requires policymakers to double down on the same philosophy private mortgage insurers embody every day: the dual pursuit of facilitating affordable , sustainable access to homeownership while also ensuring systemic safety and soundness. First-time homebuyers have historically propelled the American housing market forward.

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Finance Equity Mortgages Principal 336

Housing Wire

OCTOBER 16, 2023

Check with your local or state housing agency for a list of programs. By strategically leveraging rate buydowns, first-time homebuyers can enjoy the dual benefits of a lower monthly payment and a more affordable long-term homeownership experience.

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Agents Seller concession Closing costs Mortgages 391

Housing Wire

JULY 8, 2022

Stagnant wages, high levels of unemployment, inflation , and the sharp increase in long-term rates have created dual problems: high barriers to entry for first time homeowners and entirely unaffordable loan modifications for current borrowers. have signaled an unwillingness to foray into homeownership in the near term.

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Mortgages Technology Investor Loans 352

Housing Wire

AUGUST 23, 2021

FRI translates data from the consumer reporting agencies (CRAs) into a numeric index that measures the risk of delinquent payment behavior in the event of severe economic stress. The index analyzes in detail the credit information found in a consumer’s credit file, including their credit accounts, inquiries and payment history.

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Mortgages Lending Loans Banks 414

Housing Wire

APRIL 5, 2021

This group of property owners was the subject of the CFPB’s recent rulemaking; the agency said it intends to prompt servicers to help seriously delinquent borrowers transition smoothly out of forbearance and into loss mitigation. Many households need dual incomes to afford the mortgage payment.

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Loans Mortgages Equity Investor 350

Fancy Pants Homes

AUGUST 3, 2021

Image credit: Benny Chan courtesy of The Agency. Image credit: Benny Chan courtesy of The Agency. Image credit: Benny Chan courtesy of The Agency. Image credit: Benny Chan courtesy of The Agency. Image credit: Benny Chan courtesy of The Agency. Image credit: Benny Chan courtesy of The Agency.

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Design Commercial Sales As-is 131

Fancy Pants Homes

APRIL 10, 2021

Priced at $3,750,000, the three-bedroom home has recently hit the market, with The Agency’s founders Mauricio Umansky and Farrah Brittany in charge of the listing. Image credit: Marc Angeles via The Agency. An elegant, open living space with a dual-sided fireplace. Image credit: Marc Angeles via The Agency.

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Housing Wire

JANUARY 9, 2024

While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.” For 2024, we project $6 billion in PLS HELOC and CES.”

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Equity Lending Banks Loans 429

The Close

JULY 24, 2023

Whether you think it’s great, less-than-ideal, or completely unethical, there’s no question that dual agency is a tricky situation to navigate. Dual agency is when a single real estate agent represents both the buyer and the seller in the same transaction. Where Is Dual Agency Legal?

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Design Agents Brokerage Inspection 89

HomeLight

AUGUST 20, 2021

Some low commission real estate agents strive to serve as a dual agent for the home sale, representing both the seller and the buyer to increase their commission. Dual agency is controversial — eight states have made this practice illegal (Alaska, Colorado, Florida, Kansas, Maryland, Texas, Vermont, and Wyoming).

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Sales Agents MLS Staging 109

Maximum Exposure Real Estate

SEPTEMBER 27, 2023

Are you wondering about the difference between dual agency and designated agency? Dual agency and designated agency are two distinct approaches in real estate transactions. In dual agency, a single agent represents the buyer and seller, potentially creating conflicts of interest.

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Design Agents 98

Realtor.com

DECEMBER 30, 2021

What if you’re using a dual agent? A dual agent is an agent that represents both the seller and the buyer in the same real estate transaction. In such a transaction, there may be concern about the dual agent representing both sides fairly. A dual agent must follow the rules that govern home inspections.

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Inspection Pre-approval Agents Residential 93

RIS Media

JULY 19, 2021

“Dual cloud hosting may now be a requirement for title agencies.” ” “We have informed all of our customers and are committed to helping them through this and working in the best interest of the industry,” Cloudstar’s website states.

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Title Industrial Lending Closing 145

Fancy Pants Homes

APRIL 10, 2021

Priced at $3,750,000, the three-bedroom home has recently hit the market, with The Agency’s founders Mauricio Umansky and Farrah Brittany in charge of the listing. Image credit: Marc Angeles via The Agency. An elegant, open living space with a dual-sided fireplace. Image credit: Marc Angeles via The Agency.

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Design Marketing Branding As-is 91

HomeLight

MAY 28, 2021

However, agents who work with both rarely represent both the buyer and the seller on the same transaction, as that is called dual agency and is illegal in some states. These requirements are often stricter than those of state agencies, making it more work to be a Realtor® versus just an agent or broker. Subtype 5: Dual agent.

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Agents Brokerage Design Short sale 97

Realty Biz

APRIL 12, 2022

This is called dual agency , and is legal in many U.S. Depending on your side of the transaction, you’ll most likely sign a buyer’s or seller’s agreement with your chosen agent, and it’s their responsibility to represent your best interests throughout the process.

Agents 92

Agents Purchase and sale agreement Branding Brokerage 92

Fancy Pants Homes

SEPTEMBER 20, 2023

Such is the case of Billy Rose, realtor to the stars and co-founder of luxury real estate brokerage, The Agency. “ But it’s not just the location that appealed to The Agency co-founder. Photo credit: The Agency Photo credit: The Agency Photo credit: The Agency The inviting chef’s kitchen has its own claim to fame.

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Brokerage Design Agents Industrial 69

HomeLight

SEPTEMBER 30, 2021

These non-standard transactions include dual agency, FSBO (for sale by owner), iBuyers, buyers representing themselves, and discount brokers. Dual agency. Situations where real estate agents represent both buyer and seller are called dual agency. Dual agency is illegal in nine states: Alaska.

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Purchase and sale agreement Agents Closing MLS 102

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. But it’s a tough road to hoe. (AI

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Loan Officer Loans Agents Mortgages 414

Fancy Pants Homes

OCTOBER 27, 2023

Photo courtesy of The Agency The estate’s current owner, Anthony Bonomo, co-owned the 143rd Kentucky Derby’s award-winning horse, “Always Dreaming”, back in 2017 along with his longtime pal Vincent Viola. But the Hamptons house’s current owner has his own claim to fame. million Hamptons home.

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Land As-is Agents Marketing 52

Realtor.com

NOVEMBER 18, 2022

The chef’s kitchen features dual islands and the most upscale of appliances, including the built-in espresso maker. The suite also includes a sitting room, dual baths, and boutique-quality closets. Mauricio Umansky with The Agency has the listing. Bar with an aquarium Realtor.com. Kitchen Realtor.com.

MLS 67

MLS As-is Sales Marketing 67

Broke Agent Media

JANUARY 31, 2023

17:08 Byron’s question for agents: Eliminate dual agency or leave things as they are? 07:20 What Byron expects for homeowners in 2023 09:39 Why Nicole expects a decline in sales this year 13:13 Topic #2: Jason Oppenheim’s warning about commission lawsuits 15:33 Will the exodus happen, and what will that do to the industry?

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Industrial Agents Sales As-is 98

Fancy Pants Homes

NOVEMBER 25, 2021

Image credit: Alexis Adams courtesy of The Agency. Listed with Eric Haskell , an agent with celebrity real estate brokerage The Agency , Matt Damon’s now former house is an architectural masterpiece with 7 bedrooms, 10 baths, tons of distinct design features and some pretty extraordinary amenities. Where does Matt Damon live now?

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Design Sales Brokerage As-is 126

Fancy Pants Homes

OCTOBER 12, 2023

Image credit: Alan Barry Photography courtesy of The Agency With bold architecture that attests to the architect’s prevalence for powerful forms, the 66 Cherry Valley Road property in Back Country, Greenwich, CT is equally (if not more) dazzling after you cross its threshold.

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Realty Biz

SEPTEMBER 23, 2023

You may likely be asked to sign a buyer's agency agreement. A buyer's agency contract will spell out each party's obligations. Maximum Real Estate Exposure is an insightful resource for explaining buyer agency agreements. Understanding agency in real estate is essential for buyers and sellers.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

Fancy Pants Homes

MAY 15, 2023

Photo credit: Nils Timm courtesy of The Agency Inside the spectacular home of an Activision Blizzard executive CFO Marcus Sanford’s house is a custom-crafted, modern abode set in the heart of Melrose Village, the popular Los Angeles neighborhood that runs along Melrose Avenue between Fairfax Avenue and Highland Avenue.

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Design As-is Marketing 59