Fri.Mar 31, 2023

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Big Purple Dot integrates with ChatGPT for AI-powered customer support

Housing Wire

The use-cases for AI-powered chatbots just keep growing. Big Purple Dot (BPD), a mortgage and real estate customer relationship management (CRM) and recruiting solutions company in Irvine, California, announced this week the integration of ChatGPT into its CRM ecosystem. According to Big Purple Dot , it is one of the first CRM companies in the mortgage industry to integrate the ChatGPT API into its marketing platform. “We are excited to be one of the first CRM’s in the mortgage and r

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Agents, get your sellers ready for the selling 'sweet spot'

Real Estate News

A Realtor.com analysis identified the best time to sell in 2023, and it's just around the corner. The report also said to expect a more typical spring season.

Agents 264
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Introducing the 2023 HW Finance Leaders!

Housing Wire

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the role of CFO has become increasingly critical. These execs have been faced with navigating a complex and rapidly-changing landscape that includes the rollercoaster ride of low inventory, rising mortgage rates and shifting regulations.

Finance 418
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People On the Move at Real, Endpoint, Epique and Howard Hanna

Real Estate News

Alexandra Lumpkin first general counsel at Real, Shawna Hernandez lands COO role at Endpoint, Sam Rodriguez joins Epique board, Kris Burdick promoted at Hanna.

Land 264
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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CFPB issues its final rule on small business lending

Housing Wire

The Consumer Financial Protection Bureau (CFPB) has finalized the rule on small business lending, which fulfills a mandate from Congress and aims to increase transparency while mitigating discrimination. “Lenders will collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit,” the CFPB said in an announcement issued this week about the rule.

Lending 397
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Reality Check: 'Selling Sunset' sells an alternate reality

Real Estate News

Real estate reality TV isn’t exactly real. "The Bachelor" alums Jason and Molly offer their candid feedback on the glamorous and dramatic SoCal reality show.

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More Trending

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Facts About Closing Costs [INFOGRAPHIC]

Keeping Current Matters

If you’re thinking about buying a home, be sure to plan for closing costs. Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal fees, and more.

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The LA ‘mansion tax’ is coming, sending sellers on a sprint to April 1

Inman

To make their multimillion-dollar properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts.

Marketing 158
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Luxury Real Estate Headlines: Final Week in March, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Calonge, Spain | Barcelona & Costa Brava Sotheby’s International Realty The stone-clad Costa Brava home comes with plentiful patio space and a sparkling pool. This Summery Home in Spain Makes Us Want to Put Away Our Puffer Coats for Good – Dwell $12.2M Osterville Home Is the Most Expensive Sale on Cape Cod This Year – Boston Business Journal Golf is Helping Drive the Real Estate

Sales 137
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‘Stop arguing and start adjusting’: Agents react to class-action ruling

Inman

From "NAR is toast" to "don't make any rash decisions," real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday.

Agents 158
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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2022 State-Level GDP Data

Eye on Housing

Real gross domestic product (GDP) increased in 42 states and the District of Columbia in 2022 according to the U.S. Bureau of Economic Analysis (BEA). Six states recorded declines while Maryland and New Hampshire reported no change. The percent change in real GDP ranged from 4.9 percent increase in Idaho to 2.4 percent decline in Alaska.

Marketing 122
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‘My phone is ringing’: Homebuyer demand soars to 9-month high

Inman

Mortgage applications increased 2 percent from a week earlier, marking the fourth week of increases, while purchase applications rose 19 percent from a month earlier, according to data released Friday by Redfin.

Mortgages 158
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Bridge Loans in California: How to Unlock Home Equity to Buy Before You Sell

HomeLight

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor. With low inventory and notoriously high home prices, California homeowners are looking for creative financing solutions to fund their dream home purchases.

Equity 104
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How to make clients love writing reviews (so you can win)

Inman

By keeping your testimonial review system fast, easy to access and uncomplicated, you can give clients ample opportunities and motivation to participate in sharing their experiences.

Branding 158
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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What is a Bridge Loan? A Creative Homebuying Solution

HomeLight

DISCLAIMER: As a friendly reminder, this post is meant to answer the question, “What is a bridge loan?” and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan, HomeLight always encourages you to reach out to your own advisor. So you’ve been house-hunting a bit prematurely and fell in love with your dream home — but wait, don’t you have to sell your old home first?

Loans 101
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What are the different types of real estate agents?

Inman

All real estate agents are not created equal. There are different types of agents just as there are different types of transactions and many different areas of specialization.

Agents 158
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New Proposed Tax Plan Seeks To Eliminate 1031 Exchanges

Bigger Pockets

President Biden’s proposed Budget for the Fiscal Year 2024 seeks to promote expanded access and improved affordability in healthcare and education while cutting taxes for low-income families and shrinking the deficit, but […]

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Great for the growing agent, Trackxi fills niche within transaction management: Tech Review

Inman

Trackxi is an app for managing all the little things that hamper deal progress between signature and closing. It’s not a clinical transaction manager, more of an activity management solution, and it’s very good at it.

Agents 158
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Millennials Are (Finally) a Homeowner-Majority Generation

Broke Agent Media

BAM Key Details: A new study by RentCafe shows Millennials have become a homeowner-majority generation, passing the renter-majority torch to “Zoomers.” While Boomers have recently overtaken Millennials as the largest generation of home buyers, the number of Millennial homeowners has grown faster in the past five years than any other generation. Millennials, long dubbed the “generation of renters” have officially become a homeowner majority generation.

Agents 95
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Catch up with Inman’s Top 5 stories of the week, March 24-30, 2023

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Brokerage 158
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Rookie Reply: Inheriting Tenants, Getting Pre-Approved, and Raising Rent

Bigger Pockets

You’re buying a rental property and, in the process, inheriting tenants. What now? Can you go ahead and start raising rent? Not so fast.

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A graphic artist’s take on maintaining brand identity

Inman

Cultivate a culture that respects and promotes your brand while helping agents do the same. DOORA Properties creative director Janet Pozos provides her branding best practices.

Branding 158
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Crucial Things to Know About Real Estate Auctions

Realty Biz

Have you picked up a local newspaper and noticed ads for property auctions? Has an auction been something you have considered? Some potential home buyers are turning to auctions due to a lack of housing inventory. Choosing an auction for houses can be attractive if you want to save on your next home. But while this can seem like a great way to save money, finding a bargain isn’t as easy as it might appear.

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Is Homes.com selling your own leads back to you?

Inman

This week, Byron Lazine and Nicole White discuss Homes.com's alleged use of agent names to snag leads, trouble in the commercial real estate industry and the debate around mortgages and affordability.

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To succeed in lead generation, you should be TACKY

Real Trends

Unfortunately, many agents think that lead generation is not only easy but also the best way to build a business. The sad truth is that most truly successful agents rely on their sphere of influence or referral clients more often. That’s not to say that lead generation can’t be a great source for finding new clients. The big problem is that if not done correctly, this type of business can end up costing a lot of time and money with little to no return.

Agents 80
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Will migration fizzle out in 2023? History points to existential shift

Inman

The migration trends that drove housing demand during the pandemic are ending. But that doesn't mean people aren't moving, according to an Inman analysis of historic data.

Banks 158
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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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How Do Canadian Real Estate Prices Look in 2023?

Zolo

Daniel Foch shares his insights as we head into the spring real estate market The post How Do Canadian Real Estate Prices Look in 2023? appeared first on Zolo.

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Keller Williams, NextHome clinch ‘Most Innovative Companies’ list

Inman

Released Wednesday, Fortune's "America's Most Innovative Companies" list features four real estate companies. California-based NextHome led the pack with a product innovation score of 257.

Brokerage 128
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The Full Measure with Kevin Hecht: Economic Recap March 2023

McKissock

Welcome to our new blog series, The Full Measure with Kevin Hecht – your destination for the most current economic insights and analyses. Catered to real estate appraisers, agents, and other professionals, this series will help you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success.

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Top Things to Do in Santa Clarita, CA for Newcomers

Redfin

Santa Clarita, CA is a beautiful and exciting city located in Los Angeles County. If you are a newcomer to this vibrant city, you are in for a treat. Whether you’re a recent transplant or a long-time resident, there’s always something new to discover in this bustling community. From outdoor adventures to cultural experiences, Santa Clarita has something for everyone.

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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.