Mon.Apr 01, 2024

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Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers

Housing Wire

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Proponents of the lawsuits argue that this customary practice inflates commissions , and believe that buyers and sellers should pay their agent representation separately.

Equity 471
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James Dwiggins: Industry innovator, podcast provocateur

Real Estate News

The CEO of NextHome, founder of Rayse and co-host of an “unfiltered’ podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR.

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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. As home prices rose steadily, homeowners also accumulated significant equity. The typical homeowner who purchased a median-priced home in January 2020, assuming a 10% down payment and the prevailing 30-year fixed mortgage rate at that time, has received a $208,000 boost in net worth, according to a report from John Burns Research & Consulting.

Equity 434
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HomeServices responds to massive damages request

Real Estate News

The firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.

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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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More legal action taken against Keller Williams’ profit-sharing program 

Housing Wire

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. There are now a total of five class-action lawsuits against KW challenging the company’s profit-sharing program adjustments. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L.

Brokerage 434
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Why all eyes are on the Nosalek case

Real Estate News

CMLS is the latest organization to weigh in on the Massachetts case, while a dispute with the DOJ could shed light on the fate of compensation rules nationally.

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More Trending

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Agents brace for impact: A future with more unrepresented buyers

Inman

Some think the National Association of Realtors' $418 million settlement will prompt more homebuyers to transact without agents. Inman asked industry professionals how they'll handle that situation.

Agents 189
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New Hampshire Association of Realtors partners with HousingWire

Housing Wire

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Opportunities are revealed when housing leaders have an industry-spanning, deeply informed perspective, which is made possible through HousingWire insights that members can make decisions on.

Brokerage 413
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The Best Week To List Your House Is Almost Here

Keeping Current Matters

Are you thinking about making a move?

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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Judge Matthew Kacsmaryk sided with organizations including the American Bankers Association (ABA), the U.S.

Banks 409
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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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Latest inflation numbers don’t rule out June rate cut, economists say

Inman

The Federal Reserve's preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8 percent.

Mortgages 169
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Kentucky passes bill to end ‘harmful’ listing contracts 

Housing Wire

Kentucky is on the brink of ending exclusive real estate listing contracts. The state’s General Assembly passed a bill to protect homebuyers from predatory contracts known as non-title recorded agreements for personal services (NTRAPS) or right-to-list agreements. The practice of right-to-list agreements preys upon homeowners by offering small lump sums of cash in exchange for decades-long contracts for the exclusive rights to sell the property.

Title 408
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Bad reputation: 3 shifts that cloud the public’s perception of agents

Inman

Mega team leader Carl Medford points to several massive shifts that have caused the current commission crisis and the path he sees forward.

Agents 189
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Nimble pricing engines can give LOs an advantage

Housing Wire

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success. HousingWire: Let’s jump right in.

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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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Title underwriter TRG inks $85M merger deal to take Doma private

Inman

If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma's outstanding shares at 38 percent premium of $6.29 per share.

Title 163
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Flyhomes looks to grow via wholesale channel

Housing Wire

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

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DelPrete: Profitability still matters when evaluating a business model

Inman

Mike DelPrete lays out the case for a variety of financial metrics and argues that, at the end of the day, a business eventually needs to make money.

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NEXA’s Grella sues Kortas over “secret, unauthorized” aircraft-related purchases

Housing Wire

Former NEXA Mortgage president Mat Grella has accused his partner at the firm, Mike Kortas, of making aircraft-related purchases with company money without his consent, resulting in his “abrupt” termination from the company. Kortas denies his partner’s allegations. “I had grown frustrated with our partnership, coupled with Mike’s fixation on aircraft-related purchases.

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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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6 ways to cover your kids’ college costs with real estate investment

Inman

If you plan to help out with your kid’s college tuition, there are a variety of real estate investment strategies that can help.

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Longbridge Financial marks two years of national field sales

Housing Wire

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the division has proven to be a key player in the business at Longbridge.

Sales 382
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‘It’s the economy, stupid,’ for these proptech entrepreneurs: Intel

Inman

Real-estate startups are beset from all sides by existential threats — No. 1 of which is simply this depressed housing market. Four dozen proptech leaders shared their experiences with Intel.

Marketing 144
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After pandemic-era lull, senior housing sector appears poised for a rebound

Housing Wire

After a series of high-profile challenges faced by senior living facilities in the wake of the COVID-19 pandemic, U.S. senior housing facilities appear poised for a rebound, according to reporting from The Wall Street Journal. Occupancy rates at private-pay senior care facilities are nearing pre-pandemic levels, according to new data from the National Investment Center for Seniors Housing & Care (NIC).

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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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How to Use Social Media to Help Sell a House

RIS Media

In today’s digital age, social media is not just a platform for social interaction but a pivotal tool in the real estate market. With billions of active users, platforms like Facebook, Instagram, LinkedIn, and TikTok offer fantastic opportunities for real estate agents to showcase their listings, connect with potential buyers and build their brands.

Branding 138
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14 questions to ask yourself before becoming a team leader

Inman

Leading a team can offer tremendous professional rewards if you go into it with the right mindset.

Agents 160
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A World Without Bounds: Inside the Business and Pleasure of Global Real Estate Deals

RIS Media

Above, Villa O’Calm, Saint Barthelemy, from LeadingRE memberSibarth Real Estate. Photo: Hugo Allard. Search MNPH on luxuryportfolio.com. In a real estate industry that has been riddled with strife—from inflation and high interest rates to a scarcity of inventory—finding new ways to grow brokerage business has become more challenging than ever before.

Brokerage 125
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Becoming a Homeowner: What You Need to Know

Maximum Exposure Real Estate

Are you ready to become a homeowner? Many people ask themselves this question, and rightly so. It is a significant responsibility. The dream of homeownership is still alive and well, although it’s much more challenging for borrowers now that prices are sky-high and interest rates have doubled. First-time home buyers must be more vigilant than […] The post Becoming a Homeowner: What You Need to Know appeared first on Maximum Real Estate Exposure.

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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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Fed Chair: ‘No Hurry to Cut’ Rates Until There’s Sustained Progress on Inflation

RIS Media

Getting inflation under control remains priority No. 1 at the Federal Reserve. New inflation data out Friday shows that U.S. prices moderated in February, led by a cooling in the cost of services (outside of housing and energy), according to a Commerce Department report. The report also revealed that consumer spending rose to its highest… The post Fed Chair: ‘No Hurry to Cut’ Rates Until There’s Sustained Progress on Inflation appeared first on RISMedia.

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I’m a Real Estate Agent—This Is How I Feel About the NAR Settlement and the Changes to Come

Bigger Pockets

After multiple lawsuits, the National Association of Realtors (NAR) has agreed to a settlement with home sellers amounting to a payment of $418 million and a few monumental rule changes […]

Agents 115
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REsides Announces Appointment of Sharon Crawford as Director of Education and Training

RIS Media

REsides MLS has announced the appointment of Sharon Crawford as Director of Education and Training. In this role, Crawford will lead the design and development of interactive learning to ensure positive customer experiences, adoption and success outcomes with all REsides technologies, data solutions, and third-party applications. Crawford is a 10-year real estate industry executive with… The post REsides Announces Appointment of Sharon Crawford as Director of Education and Training appeare

MLS 121
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Buying a Home Together Before Marriage: Pros and Cons

Maximum Exposure Real Estate

One of the questions I am sure many kids ask their parents is, should we buy a house before marriage or wait until after the wedding? Whether it is better to buy a house before or after getting married is debatable. Considerable thought should be given to buying a house before marriage. Purchasing property before […] The post Buying a Home Together Before Marriage: Pros and Cons appeared first on Maximum Real Estate Exposure.

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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.