Tue.Aug 15, 2023

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Gary Keller: Good agents will still thrive in a stormy market

Housing Wire

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas , Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo , in a thunderstorm, alongside a motivational message for agents. Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. “We are the storm,” the text read.

Agents 368
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Gary Keller says the market has hit bottom, only way is up

Real Estate News

Keller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.

Marketing 246
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Former employees sue Rocket for unpaid overtime wages

Housing Wire

Two former employees have filed a class-action lawsuit against Rocket Mortgage for allegedly failing to pay overtime wages. That’s at least the second case that targets the Detroit-based lender for unpaid wages. Brittany Roseboro and John Glover claim that Rocket’s leadership required them to attend unpaid pre-shift meetings and, due to technological delays and other problems, they usually had an uncompensated preliminary “boot-up” and “clock-in” time.

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Treasury rule changes could impact high-value home purchases

Real Estate News

New rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.

Agents 234
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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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Maui locals worry wildfires could worsen affordable housing shortages

Housing Wire

The devastation wrought by wildfires is exacerbating a long-running housing crisis on the island of Maui, pitting locals and Native Hawaiians — many of whom rent — against billionaires and real estate developers, the Washington Post reported Monday. The future of Lahaina, an island community that is a spiritual and cultural capital, is of concern for many locals who are uncomfortable with the encroachment of wealthy outsiders.

Land 363
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Equity Is a Game Changer for Homeowners Looking To Sell

Keeping Current Matters

If you’re a homeowner, you might be torn on whether or not to sell your house right now.

Equity 218

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Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

Inman

Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a "rolling recession" while predicting agents will survive treacherous economic terrain.

Marketing 147
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The Guide to Plot Plans in Real Estate

Maximum Exposure Real Estate

A plot plan is crucial in real estate transactions and construction projects. It provides a detailed property representation, showcasing its boundaries, structures, and topography. By understanding what a plot or site plan entails, individuals can navigate building permit applications, evaluate property features, and resolve boundary disputes. We will explore the basics of plot plans, their […] The post The Guide to Plot Plans in Real Estate appeared first on Maximum Real Estate Exposure.

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Real estate heroes come to rescue after suffering losses in Maui fires

Inman

Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces.

Brokerage 144
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How Long Does Preapproval Take For a Mortgage

Maximum Exposure Real Estate

What is The Time Frame to Get Mortgage Preapproval Mortgage pre-approval is an essential step in the home-buying process. It provides an initial indication of how much a lender is willing to lend you for a home. The preapproval process typically involves providing financial information and undergoing a credit check. The duration of getting a […] The post How Long Does Preapproval Take For a Mortgage appeared first on Maximum Real Estate Exposure.

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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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Mortgage assistance for Hawaii fire victims includes forbearance help

Inman

Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents.

Mortgages 142
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REALTORS® Relief Foundation Announces $1.5 Million Relief Grant for Victims of Maui Wildfires

RIS Media

The REALTORS® Relief Foundation has announced $1.5 million in disaster relief aid has been made available to Hawaii REALTORS® in support of the REALTORS® Association of Maui after fires recently devastated communities on the Hawaiian island of Maui. Funds will be made available to the public to assist with disaster victims’ housing payments as relief… The post REALTORS® Relief Foundation Announces $1.5 Million Relief Grant for Victims of Maui Wildfires appeared first on RISMedia.

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Do you recognize housing discrimination when you see it?

Inman

Safe, affordable housing should be accessible for everyone, writes new contributor Nora Crosthwaite. As Realtors, our responsibility is to our clients, no matter who they are.

As-is 131
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Flourish Real Estate Network Expands to Austin

RIS Media

The Flourish Real Estate Network, based in Denver, Colorado, has expanded into Austin, Texas, with local agent Amber Lambrecht representing, the firm has announced. The network says it is focused on “meaningful real estate businesses that prioritize human flourishing causes,” such as homelessness, food insecurity, and affordable housing. Flourish maintains connections with non-profits, from local… The post Flourish Real Estate Network Expands to Austin appeared first on RISMedia.

Agents 98
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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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Tom Ford nabs Jackie O’s former Hamptons summer home at $52M

Inman

The deal is just the latest of Tom Ford's big-ticket transactions, following a $51 million home purchase in Palm Beach at the end of last year and a more recent trading of that home for another mansion in the luxury South Florida market, according to reports.

Marketing 130
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Pros and Cons of New-Construction Homes

RIS Media

In pursuing their dream home, many homebuyers choose between purchasing an existing property or building a new construction home from scratch. Both options have unique advantages and drawbacks, and weighing them carefully to make an informed decision is essential. Those considering new construction will often look at the houses that are the cheapest to build.… The post Pros and Cons of New-Construction Homes appeared first on RISMedia.

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Industry rallies to work around ongoing Rapattoni cyberattack

Inman

A ransomware attack was unleashed last Wednesday, Aug. 8, on Rapattoni, a prominent software and property data provider for the real estate industry. The attack is ongoing, according to reports.

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The "New Normal" Mortgage Rate Range

Calculated Risk Real Estate

In early June, I wrote: Could 6% to 7% 30-Year Mortgage Rates be the "New Normal"? This is an update to that post with some additional research. In the previous post I noted that a key pitch, by real estate agents for home buyers right now, is that they will likely be able to refinance at a lower mortgage rate in a few years. The argument is that once the Federal Reserve has inflation back down to the 2% target, 30-mortgage rates will decline, perhaps to around 5% or lower.

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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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‘It’s well past time’: DOJ urges court to overturn NAR commission ruling

Inman

In a Friday brief, the Department of Justice argued the National Association of Realtors' pocket listing and commission rules need "to be assessed on their merits" on whether they cost American homebuyers billions of dollars a year.

MLS 124
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Op-Ed: NAR Looks to Lead Fight Against Workplace Harassment

RIS Media

While our society, and humanity generally, have made great strides toward gender equality through the years, problems of harassment and discrimination persist. As the CEO of the country’s largest association, the National Association of REALTORS® with 1.5 million members, 65% of whom are women, I believe we have the responsibility and opportunity to continuously address… The post Op-Ed: NAR Looks to Lead Fight Against Workplace Harassment appeared first on RISMedia.

MLS 98
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Real estate investors believe the worst may be in the rear view

Inman

The outlook is mixed, but "it does look like prices may have bottomed out and are on their way back up," said CJ Patrick Company CEO Rick Sharga.

Investor 130
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Team Tactics: 5 Things to Do After a Deal Falls Through

RIS Media

A sale on your team fell through. Maybe the buyer reneged on their offer, maybe the seller changed their mind. Whatever the case, your team now has the fallout to manage. A setback like this can sting, especially if it was a weeks-long process that now feels for naught. However, any business experience—even a failure—is… The post Team Tactics: 5 Things to Do After a Deal Falls Through appeared first on RISMedia.

Sales 98
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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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10 easy ways to repurpose your video content for maximum impact

Inman

The key to maximizing the impact of your long-form video content lies in a well-structured repurposing strategy, Karen Stone explains.

Agents 136
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Why Critical-Thinking Skills Are Crucial for New Agents

RIS Media

In the dynamic world of real estate, where market trends change rapidly and decisions can make or break a deal, critical-thinking skills are vital for success. New real estate agents (and many seasoned pros) stepping into these challenging times need to possess the ability to think critically and make sound judgments. Let’s explore why honing… The post Why Critical-Thinking Skills Are Crucial for New Agents appeared first on RISMedia.

Agents 98
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Jonathan Scott and Zooey Deschanel are engaged

Inman

The couple have been together since 2019 and recently completed a two-year renovation on a Georgian-style home they purchased together in 2020, according to reports.

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‘Senior Moment’ Launched Milwaukee Brokerage to Unparalleled Success

RIS Media

Above, from left: Lauren Kegley, Jeanne Nemovitz, Bruce Nemovitz, Erica Petri and Christine Johnson Long ago, Bruce Nemovitz was simply a successful real estate agent in Milwaukee, Wisconsin. Then one out-of-nowhere “aha” moment transformed his career from solid but ordinary to extraordinary. The Bruce of Bruce’s Team, which has long been part of the Realty… The post ‘Senior Moment’ Launched Milwaukee Brokerage to Unparalleled Success appeared first on RISMedia.

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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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Exceptional agents get serious about these 4 pillars of service

Inman

In the first part of his five-part series, broker Nick Schlekeway looks at the way service forms the basis for real estate agent success.

Agents 130
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EXIT Co-Chair to Identify Expansion Opportunities at RISMedia’s CEO & Leadership Exchange

RIS Media

Real estate is a zero-sum game. There are only so many homes changing hands in a given month or year, and a limited amount of time and resources to make sure you are involved in as many as possible. Success in this industry can be boiled down to how efficiently and effectively you expand your… The post EXIT Co-Chair to Identify Expansion Opportunities at RISMedia’s CEO & Leadership Exchange appeared first on RISMedia.

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Rating agencies issue more cautions about banking industry

Inman

It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said.

Banks 115
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MLS: Empowering Real Estate Professionals in a Competitive Market

RIS Media

An integral piece of the real estate business for brokers, agents and the clients they serve, the role of the multiple listing service (MLS) continues to evolve. To address the ongoing shifts in the real estate landscape, MLSs are doubling down on their commitment, now more than ever, to provide the tools, resources and information… The post MLS: Empowering Real Estate Professionals in a Competitive Market appeared first on RISMedia.

MLS 98
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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.