Fri.Mar 22, 2024

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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement.

MLS 475
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Emerging agent association sees opportunity following NAR deal

Real Estate News

NAR’s settlement — and the emotions surrounding it — could lead more agents to consider trading in their membership for something new.

Agents 310
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Compass settles commission lawsuits for $57.5 million

Housing Wire

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. In a document filed with the Securities and Exchange Commission on Friday morning, the Robert Reffkin-helmed firm announced that it had reached a nationwide settlement in relation to the Umpa and Gibson suits on Thursday.

Brokerage 454
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Compass agrees to $57.5 million settlement in commissions suits

Real Estate News

The first of 90-plus brokerages not included in the NAR settlement reaches a deal that includes changes to its business practices as well as a monetary payout.

Brokerage 244
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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The Real Brokerage, The Agency top list of RealTrends Verified movers by sides/volume

Housing Wire

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. Berkshire Hathaway HomeServices RW Towne Realty also had a strong showing. The 2023 housing market was a period of uncertainty with low inventory and industry challenges. For all of 2023, the Relitix Agent Movement Index , showed a marked decrease in agent movement.

Brokerage 446
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People on the Move: Realty ONE elevates 5 women execs

Real Estate News

The internal promotions will help “drive our brand into a new era of growth and success,” said the company’s founder and CEO.

Branding 229

More Trending

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NAR settlement could ‘force innovation,’ and other reactions

Real Estate News

NAR's president and other industry leaders continue to share thoughts, concerns and encouragement in the wake of the association's landmark settlement.

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eXp, Compass top 2024 RealTrends Verified brokerage rankings for second year

Housing Wire

2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research , 2023 inventory bottomed in April at 406,206 active listings. Today, there are 100,000 more homes on the market than there were in March of last year — that’s 21% inventory growth.

Brokerage 417
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Compass to pay $57.5M to settle commission lawsuits

Inman

The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.

MLS 193
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The grand reveal: RealTrends Verified and the 2024 brokerage rankings 

Housing Wire

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. In real estate and data alike, clarity and trust are paramount. That’s why, after 35 years of excellence, RealTrends is proud to unveil a new chapter in our journey: RealTrends Verified.

Brokerage 417
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Congress grants National Flood Insurance Program a reprieve

Inman

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September.

Mortgages 179
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9 innovative strategies to get more real estate seller leads in 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Looking for more listing leads? With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. While marketing to your sphere of influence, networking, and direct mail campaigns work, they can be time-consuming and they don’t always yield quick results.

Agents 417
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What to expect on ‘Buying Beverly Hills’ Season 2

Inman

Agent rivalries, a transitioning market, family drama and a new mansion tax are just some of the key challenges that cast members will face on the reality TV show in its new season.

Agents 176
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Compass Settles, Becoming First ‘Copycat’ Defendant to Tap Out

RIS Media

Compass is the latest major brokerage to announce that it is settling commission lawsuits, and is the first company that has only been named in copycat suits to do so, agreeing to pay $57.5 million and change practices in exchange for immunity from seller claims. The choice potentially is a harbinger of how the remaining… The post Compass Settles, Becoming First ‘Copycat’ Defendant to Tap Out appeared first on RISMedia.

Brokerage 122
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Thriving in 2024: Conquering leadership at home and in business

Inman

Explore a wealth of expert insights and strategies designed to navigate the balance of leadership between your personal life and business and what it means to be successful in both.

Design 176
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How a Squatter in Oregon “Stole” a Property, and the Rising Tide of Disputes Ending Badly for Landlords

Bigger Pockets

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

Investor 120
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Outdo the competition with this ultimate SEO guide

Inman

In the first of her two-part series, marketing expert Marci James offers insight into making the most of your digital presence with search engine optimization.

Marketing 185
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Breaking Down Barriers on the Path to a More Diverse, Equitable and Inclusive Future

RIS Media

Above, from left, Lisa Nguyen, Nora Aguirre, Jemila Winsey and Anita Legacy Blue In recent years, the real estate industry has been undergoing a transformative shift toward greater diversity, equity and inclusion (DEI). To gain insights into this evolution, we gathered perspectives from four influential women at the forefront of championing DEI initiatives in the… The post Breaking Down Barriers on the Path to a More Diverse, Equitable and Inclusive Future appeared first on RISMedia.

Equity 117
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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7 trust accelerators to speed up the know, like, trust process

Inman

The value of relationship-building has never been clearer or more important, Jimmy Burgess writes. Help leads and clients move forward with confidence so you can provide optimal real estate services.

Brokerage 164
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LeadingRE Honors Top Performers

RIS Media

Leading Real Estate Companies of the World recognized top-performing member firms and individuals at its Awards Gala, held last month at Wynn Las Vegas. The Gala was the culmination of LeadingRE Conference Week, a series of specialized events with participants from 20 countries and nearly 300 cities worldwide who came together to explore the trends… The post LeadingRE Honors Top Performers appeared first on RISMedia.

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A call for change is center stage this summer. Join the movement

Inman

Anchored by industry leaders, top performers and advocacy, Inman Connect Las Vegas is primed to be a catalyst for changing real estate.

Staging 187
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Buying in a Historic District Can Be a Gold Mine—But Here’s Why You Should Be Careful

Bigger Pockets

A recent CNBC survey based on cost per square foot revealed that the United States’ most expensive real estate market is San Francisco’s South of Market, which contains historic Victorian buildings surrounded […]

Marketing 117
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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NYC landlord with 700 safety violations starts 60-day jail stint

Inman

New York City's worst landlord has begun a two-month sentence at Rikers after refusing to correct more than 700 housing violations between his two Manhattan properties. Daniel Ohebshalom surrendered to authorities on Thursday, two weeks after housing court judge Jack Stoller issued a warrant for his arrest.

Marketing 157
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Congregation Fears Loss as City Razes Collapsing Bed Stuy Shul

Brownstoner

Rabbi Baruch Yehudah had his bar mitzvah at Bed Stuy’s Black synagogue B’nai Adath Kol Beth Yisrael. Years later, he circumcised both his sons there. As well as religious services, there’s been coat drives, soup kitchens, and plenty more community gatherings held out of the corner building at 1006 Greene… Read More > The post Congregation Fears Loss as City Razes Collapsing Bed Stuy Shul appeared first on Brownstoner.

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NAR settlement fallout: Here’s Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 164
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Century 21 Expands Further in Salt Lake City

RIS Media

Century 21 Real Estate LLC. has further shored up its presence in the Salt Lake City Metropolitan area with its latest affiliation of Wasatch Life Realty. Now doing business as CENTURY 21 Wasatch Life Realty, the brokerage is located roughly 20 minutes from downtown Salt Lake City in Draper. The company is owned and operated… The post Century 21 Expands Further in Salt Lake City appeared first on RISMedia.

Brokerage 115
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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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NAR (and now Compass) settled. Y’all had thoughts: The Download

Inman

Real estate professionals respond in the aftermath of NAR's big commission lawsuit settlement and Compass' brand new one.

Branding 135
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Mortgage Mix: Despite Elevated Mortgage Rates, Positive Signs and Renewed Confidence in the Housing Market Are Emerging

RIS Media

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. This past week, RISMedia published one of its “Storytellers” features on “The Mobile Mortgage Mom,” who is taking her business—and her family—on a unique and unprecedented trip, bringing her passion to communities around the country.… The post Mortgage Mix: Despite Elevated Mortgage Rates, Positive Signs and Renewed Confidence in the Housing

Mortgages 115
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Well Inspections: A Home Buyers Guide

HomeLight

Finding a property with a private water well can put a perk or a pause in your homebuying plans. On one hand, having an independent water source is often a coveted benefit for homeowners. However, dealing with a well inspection and what it might reveal can raise questions about sustainability and potential health risks. In this post, we’ll walk you through the well inspection process, including what’s tested, when inspections are needed, and how much they might cost.

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Building Customers for Life

RIS Media

Fostering lifelong relationships with customers is one of the core values that drives business for leading real estate technology innovator Real Estate Webmasters (REW). Committed to building a community of customers for life, Real Estate Webmasters is celebrating their clients’ loyalty in a big way with the launch of REWards—a loyalty program that will establish… The post Building Customers for Life appeared first on RISMedia.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.