Mon.Aug 28, 2023

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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

MLS 482
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NAR president resigns in the wake of sexual harassment allegations

Real Estate News

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

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CFPB reaches $2.7B settlement with credit repair conglomerate

Housing Wire

The Consumer Financial Protection Bureau (CFPB) reached a multi-billion dollar settlement with a collection of brands that offer credit repair services to American consumers, the agency announced on Monday. The settlement includes some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com , following a court ruling that found the companies had collected illegal advance fees for credit repair services through telemarketing.

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Agent launches campaign calling for NAR president’s resignation

Real Estate News

A petition calling for Kenny Parcell to step down in light of allegations of sexual harassment was inspired by “very emotional” calls from NAR employees.

Agents 246
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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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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported. Its parent company, The Change Company CDFI , remains as one of the certified program originators.

Lending 370
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Gen Z: The Next Generation Is Making Moves in the Housing Market

Keeping Current Matters

Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence.

Marketing 246

More Trending

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NAR President Kenny Parcell resigns after NYT exposé

Inman

Two days after The New York Times' investigative report about alleged rampant sexual misconduct at National Association of Realtors, President Kenny Parcell has resigned from his post.

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Guild Mortgage acquires First Centennial Mortgage

Housing Wire

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. The terms of the deal were not disclosed. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgages 370
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Texas oil heiress sells Aspen mansion for $63.75M

Inman

Christy Thompson sold the Aspen mansion that she purchased last year for $51 million to Tampa Bay Lightning owner Jeff Vinik in an off-market transaction, one of the city's biggest of the year.

Marketing 148
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Single-family rent increases 3.3% year over year in June: CoreLogic

Housing Wire

U.S. single-family rents grew by 3.3% year over year in June, the lowest gain since autumn 2020, according to a new report from property data provider CoreLogic. Meanwhile, monthly rent growth was 1.1%, nearly identical to June’s pre-pandemic average of 1%. Corelogic’s Single-Family Rent Index (SFRI) analyzes single-family rent price changes nationally and across major metropolitan areas.

Principal 369
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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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What do the Marvel movies and Coldwell Banker have in common? Storytelling ROI

Inman

The power of a story is more than just the key to movie-making magic. It’s an essential tool in any marketer’s arsenal, especially in real estate.

Marketing 148
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Better reports improved net loss of $45.5 million in Q2

Housing Wire

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 million in the first half of 2023, an improvement from nearly $400 million in the same period last year, according to its 8-K filing with the Securities and Exchange Commission (SEC) on Monday. Better is focused on originating profitable business while pulling back from unprofitable channels, which resulted in the company shutting down its real estate arm and laying off employee

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Off-grid luxury: 5 features of sustainable high-end living

Inman

Sustainable living was once a novelty for luxury homebuyers, but increasingly, it’s becoming a necessity. And while green architecture and design features, off-grid functionality, and a low carbon footprint may still be considered niche demands in the luxury market as a whole, they’re growing in popularity.

Design 148
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Compass snags two Chicago-based @properties brokers

Housing Wire

Anne Hodge and Debra Dobbs are joining the Chicago office of Compass , the company announced Friday. The top agents were previously at brokerage @properties. “We are thrilled to welcome Anne and Debra to our growing Chicagoland team,” Fran Broude, regional vice president at Compass, said in a statement. With her 20 years of experience, Hodge is one of the top-producing agents in the western suburbs of Chicago.

Brokerage 367
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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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2 key steps for agents generating business with builders and developers

Inman

Top real estate professionals know that opportunity can be found anywhere. And oftentimes, that opportunity lies in finding unique ways to differentiate your business expertise.

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ICE, Black Knight merger deal to close September 5

Housing Wire

Intercontinental Exchange Inc. (ICE) and Black Knight announced late Friday an agreement with the Federal Trade Commission (FTC) for the $11.7 billion merger deal to go through. The settlement comes months after the FTC sued ICE alleging antitrust concerns surrounding a buyout of Black Knight. According to the agreement, ICE is expected to complete the acquisition of Black Knight on September 5.

Closing 360
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Key takeaways from Inman Connect Las Vegas sponsors

Inman

Inman Connect delivers industry-leading speakers, cutting-edge panels, and growth-oriented presentations to top professionals from across the industry. Our partners are a critical part of those experiences and value the opportunity to reach these power players. We asked them for their impressions and takeaways from the event.

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3 Real Estate Tools That’ll Save You DOZENS of Hours

Bigger Pockets

These three real estate investing tools can make you more money in less time and with less effort than ever.

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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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Stop chasing! 5 ways to attract the agents you need now

Inman

Whether you’re a team leader or broker, the way you connect with others in your area matters.

Agents 148
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NYC School Bus (Possible) Strike: What Parents Need to Know

Brownstoner

NYC School Bus (Possible) Strike: What Parents Need to Know Parents of public school children have been concerned this month about the possibility of a school bus strike in NYC. With the first day of school less than two weeks away, Mayor Eric Adams and Schools Chancellor David Banks released a… Read More > The post NYC School Bus (Possible) Strike: What Parents Need to Know appeared first on Brownstoner.

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‘Just being boys’: Let’s talk about NAR’s problematic culture

Inman

Trainer and former agent Rachael Hite uses NAR President Kenny Parcell's own words to illustrate what a toxic work environment is and suggests some solutions to help fix NAR's issues. NAR members need to stand up and get involved if they want to cleanup the brand's reputation in the coming months.

Branding 148
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5 of the Top We Buy Houses for Cash Companies in Tulsa

HomeLight

Navigating the housing market in Tulsa can be challenging, especially when faced with an unexpected need to sell quickly. “We Buy Houses” companies in Tulsa present homeowners with a promising solution: all-cash offers for homes, even those that require some significant TLC. For homeowners like you, who might lack the time, desire, or financial resources for repairs, these cash offers pave the way for a rapid sale, allowing you to swiftly move on with your life’s next chapter.

Closing 111
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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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5 massive NYT takeaways NAR can’t escape

Inman

Debra Kamin's New York Times exposé details a culture of harassment, intimidation and denial at the National Association of Realtors. Christy Murdock digs into five key takeaways.

MLS 148
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Mortgage Giants Are Pulling Back—How Worried Should You Be About the Market?

Bigger Pockets

Liquidity is drying up as massive mortgage lenders pull back on issuing new loans. What does this mean for the real estate market, and should you be concerned?

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Who should I follow for great Instagram Reels?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you find content inspiration on Instagram Reels.

Agents 147
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Bedroom in The Basement: A Comprehensive Guide

Maximum Exposure Real Estate

What to Know About a Basement Bedroom Basement bedrooms offer numerous benefits, such as increased living space, increased privacy for guests and teenagers, and higher property value. Safety and building codes must be considered when adding a bedroom in the basement, including emergency exits, proper ventilation, and adherence to local construction codes.

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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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NAR’s sexual harassment spin isn’t fooling anyone. Here’s why

Inman

In the days leading up to The New York Times exposé, NAR left a virtual bread-crumb trail for digital damage control around the topic of sexual harassment. Christy Murdock shares the messaging and how to avoid a PR nightmare.

Brokerage 113
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Pair of Prospect Heights Co-ops With Two Bathrooms, Laundry, Tower Asks $1.095 Million

Brownstoner

For co-op hunters up for a project, this proposed combination of two units in a fine 19th century Prospect Heights flats building offers high ceilings, good light, and a spacious floor plan. The two apartments are located in the front of the top story of 673 Vanderbilt Avenue in Prospect… Read More > The post Pair of Prospect Heights Co-ops With Two Bathrooms, Laundry, Tower Asks $1.095 Million appeared first on Brownstoner.

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Investment Properties…Should You Guide Others to Buy, Buy Yourself or Both?

RIS Media

For every agent, there is usually someone pining to buy residential real estate who will follow their guidance precisely and unconditionally, knowing they are the industry expert, thus making a purchase with complete and utter confidence. That someone is themself. Investments lead to profit or loss, but it’s why you as an agent are way… The post Investment Properties…Should You Guide Others to Buy, Buy Yourself or Both?

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Does a Shiny New Roof Boost Your Home’s Value? 5 Tips to Make Your Shingles a Selling Point

HomeLight

Few projects garner as much attention — and debate — as a new roof. On the surface, it’s a straightforward upgrade, designed to protect a home from the elements and possibly enhance its curb appeal. But does a shiny new roof increase home value when it’s time to sell? The answer is yes — but the ROI isn’t as cut-and-dried. Sometimes, dropping the price of your house is more cost effective than dropping tens of thousands to boost your home’s marketability.

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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.