Thu.Jun 13, 2024

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Opendoor announces partnership with My State MLS

Housing Wire

Opendoor has partnered with nationwide multiple listing service My State MLS to equip more than 60,000 agents in each of the 50-plus markets Opendoor serves with access to the iBuyer’s cash-offer solution. My State MLS is a nationwide multiple listing service that allows members to list and search properties anywhere in the U.S. According to a news release, through the partnership, My State MLS agent members will be able to receive estimated cash offers on qualifying properties within minutes to

MLS 471
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Mortgage rates decline for a second week, boosting applications

Real Estate News

Buyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.

Mortgages 310
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When will the Fed’s moves alleviate the lock-in effect?

Housing Wire

Federal Reserve Chairman Jerome Powell told reporters on Wednesday that the U.S. housing situation is a “complicated one” and that “bringing inflation down” is the best thing officials can do to help. Cooling inflation will eventually allow the Fed to cut rates and alleviate the current lock-in effect , but this process will take longer than previously estimated. “The housing situation is complicated.

Mortgages 446
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Nick Bailey: 5 lessons for leaders of public real estate companies

Real Estate News

Bailey, the former CEO of RE/MAX, discussed the keys to success when leading a business that is accountable to both customers and shareholders.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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Two major reverse mortgage lenders to sponsor financial planner conference

Housing Wire

The Alliance of Comprehensive Planners (ACP), a trade association for financial planners, will be holding its annual conference this October in Savannah, Georgia, and the event will feature two of the nation’s leading reverse mortgage lenders as key sponsors. Plano, Texas-based Finance of America (FOA), currently the industry leader in the reverse mortgage space, and Paramus, New Jersey-based reverse mortgage lender and servicer Longbridge Financial will be sponsoring the event.

Mortgages 446
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'Unfiltered' podcast: What clients want, and how to deliver it

Real Estate News

Watch the conversation with strategist Jay Baer as he explains how to create better client outcomes by avoiding common pitfalls and “yesterday’s thinking.

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More Trending

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Homebuilders Aren’t Overbuilding, They’re Catching Up

Keeping Current Matters

You may have heard that there are more brand-new homes available right now than the norm.

Branding 232
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Real estate firms may be on the hook for wire fraud losses: CertifID

Housing Wire

With the number of instances of wire fraud continuing to rise , many victims are turning to court to seek damages after a large portion of their life savings or business liquidity was stolen by scammers. According to a report published Thursday by wire fraud prevention firm CertifID , real estate agents , brokers and title companies are increasingly being held accountable if a consumer loses money.

Banks 436
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Coldwell Banker Warburg welcomes 2 ‘boomerang’ agents

Inman

Broker Bill Kowalczuk and agent David Harris were not gone for long before realizing they missed Coldwell Banker Warburg's robust support systems. Agent Guy Hobson has also joined the firm.

Agents 182
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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” This replaces the previous branding, “NAF Dream,” to emphasize a corporate commitment to “taking direct, action-oriented steps to address credit accessibility and promote sustainable and equitable homeownership for Black individuals and communities,” the compa

Design 436
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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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Corcoran rolls out new AI software to help agents market listings

Inman

The new platform, Corcoran Copilot, is integrated with Corcoran's listing databases and will initially help agents with developing materials like listing descriptions and video scripts.

Agents 174
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Mortgage underwriting algorithm at heart of Wells Fargo’s racial disparity lawsuit

Housing Wire

Wells Fargo ‘s internal credit-scoring algorithm is at the center of a lawsuit that plaintiffs say resulted in more than 100,000 disparately impacted minority applicants. The lawsuit stems from a 2022 Bloomberg investigation that found Wells Fargo was the only large bank to deny more Black applicants than it accepted in 2020 during the refinancing boom.

Mortgages 436
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Assault allegations mount against Oren Alexander and twin brother

Inman

Nearly 30 alleged victims have come forward in the last week. Reddit users in New York and Miami also claimed that the brothers' violence against women had been "an open secret" for years.

Agents 173
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Amazon commits additional $1.4B to affordable housing fund

Housing Wire

Online retail giant Amazon announced this week that it is committing an additional $1.4 billion to its Housing Equity Fund that will go toward the creation and preservation of roughly 14,000 affordable housing units across three major metropolitan areas in which it maintains a corporate presence. The funds — to be invested in the metro areas of Seattle , Nashville and Arlington, Virginia — will bring the total investment fund to $3.6 billion and 35,000 housing units since its inception in 2021,

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Quiana Watson almost got burned by the tea — but knows better now

Inman

The luxury broker has come a long way from her start in a small town in North Carolina. From property manager to agent to broker-owner and reality TV star, the journey has blessed her with knowledge.

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Judge approves Rocket’s $3.5M settlement over unpaid employee overtime

Housing Wire

A judge in Arizona has approved a $3.5 million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire. U.S. District Court Judge Douglas L. Rayes mentioned in the decision that the agreement “was reached through arms-length negotiations with the assistance of a retired federal judge who served as a mediator.̶

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The key to fixing the world’s home affordability mess is in front of us

Inman

The one-two punch of government action and private sector innovation is the right formula for fixing the affordable housing mess, which has grown into a global epidemic, writes Brad Inman.

Brokerage 170
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Common HOA Disputes and Resolution Processes

RIS Media

Homeowners’ Association (HOA) disputes are common in community living. Resolving them efficiently is crucial for maintaining harmony. I will provide advice and tips on the following: Definitions of common HOA disputes and resolution processes Step-by-step guides on internal dispute resolution procedures Information on alternative dispute resolution (ADR), including mediation and arbitration Legal requirements and state-specific… The post Common HOA Disputes and Resolution Processes a

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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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Teams Spotlight: Carmenate / Duchon at The Corcoran Group

Inman

Discover how Eloy Carmenate and Mick Duchon, renowned for their extensive experience and success in the Miami Beach real estate market, seamlessly blend a passion for world-class design with a global client reach.

Design 165
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How to Collect Rent from Tenants: The Landlord’s Ultimate Guide to Rent Collection

Bigger Pockets

Learning the art of rent collection is crucial for running a successful rental business. Implementing efficient, effective rent collection strategies can minimize stress, improve cash flow, and help maintain a positive relationship with your tenants.

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Mortgage rates have more room to fall on 2 new economic reports

Inman

Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless claims to highest level since August 2023.

Mortgages 165
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Mortgage Rates Continue to Move Down

RIS Media

On the heels of the Fed standing firm on keeping its benchmark rate unchanged, mortgage rates trickled down again this week, with the 30-year-fixed rate mortgage averaging 6.95%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. The move marks another step down after dropping to 6.99% the previous week. … The post Mortgage Rates Continue to Move Down appeared first on RISMedia.

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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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Broker Spotlight: Robert Rahmanian, REAL New York

Inman

Find out how this real estate broker's son carved out his own place in the New York real estate landscape "through bootstrapping and dedication.

Brokerage 170
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PropStream Partners with Carrot

RIS Media

PropStream has announced a strategic partnership with Carrot, the premier website builder for real estate professionals. PropStream stated it will now offer its data services to Carrot users, enhancing lead credibility and enabling users to perform more research on leads as they come through on the Carrot website. In turn, Carrot stated it will provide… The post PropStream Partners with Carrot appeared first on RISMedia.

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HappyCo expands property management offer with API library

Inman

Property management software provider HappyCo has unveiled a collection of APIs available to customers to further customize their installation.

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Newsmakers Spotlight: Malte Kramer Discusses the Importance of CMA and SEO Boosting Tools in the Luxury Market

RIS Media

Malte Kramer, CEO of Luxury Presence, partnered with Sell It Like Serhant to publish the 2023 State of Real Estate Marketing Report, analyzing the current behavior of 1,000-plus luxury agents. Regarding Luxury Presences’ offerings, Kramer oversaw the launch of many products designed to “move the industry forward and enhance the lives of real estate professionals.”… The post Newsmakers Spotlight: Malte Kramer Discusses the Importance of CMA and SEO Boosting Tools in the Luxury Market appear

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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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Rental screener Findigs closes on $27M Series B funding round

Inman

Rental industry software provider Findigs has raised $27 million in a Series B round, bringing its total raised to date to $48 million.

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Douglas Elliman Dismissed Without Prejudice in Buyer Commission Suit

RIS Media

Douglas Elliman is the latest big brokerage, joining Howard Hanna and HomeServices of America, in being voluntarily dismissed without prejudice from the Illinois-based Batton homebuyer commission lawsuits. Homebuyers claimed to have suffered antitrust injury due to a conspiracy between the National Association of REALTORS® (NAR) and big brokerages. In Tuesday’s notice of voluntary dismissal, plaintiffs… The post Douglas Elliman Dismissed Without Prejudice in Buyer Commission Suit appeared

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Low splits or high 1099s: Why agents should join a team

Inman

Verl Workman explains how the leverage a team provides can result in higher overall earnings for team members vs. those who go it alone.

Agents 165
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Crowds Rally as NYC Considers Major Broker Fee Change

RIS Media

Above, crowds rally in front of NYC City Hall Wednesday. Photo by Jack Walsh. NEW YORK CITY—Hundreds descended on City Hall in Manhattan Wednesday morning to protest or support a rental fee change currently being considered by the New York City Council that would shift who compensates brokers in the Big Apple, a long-debated change… The post Crowds Rally as NYC Considers Major Broker Fee Change appeared first on RISMedia.

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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.