Real Trends

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

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MLS Brokerage Agents As-is 103

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

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MLS Brokerage Agents As-is 511

Keeping Current Matters

OCTOBER 6, 2023

If you’re thinking about buying a home this year, be sure to consider the long-term financial advantages of homeownership, like home equity.

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Equity 356

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees. Final court approval of the settlement is expected in early 2024.

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MLS Brokerage Agents Development 501

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Development

Real Estate News

OCTOBER 6, 2023

The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.

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Brokerage 325

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market.

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Mortgages VA loan Finance Renovation 493

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It is time, and very important for the Fed to make clear two statements — the Fed is at the end of its rate hikes; the Fed will not consider selling its mortgage-backed securities (MBS) holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized,” MBA president and

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Banks Mortgages Loans Finance 493

Real Estate News

OCTOBER 6, 2023

CubiCasa President Jeff Allen has a specific goal: attach a floor plan to every listing. But he also says "massive advances" in tech are coming.

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Housing Wire

OCTOBER 6, 2023

Top advocates for the wholesale channel criticized the increased volume of loan buybacks from government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac amid a shrinking mortgage market. In a session about brokers’ influence on national policy during AIME Fuse 2023 in Las Vegas on Friday, trade group representatives and wholesale executives said that loan repurchases can be “catastrophic” for some lenders, which will ultimately affect brokers.

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Loans Mortgages Industrial As-is 482

Inman

OCTOBER 6, 2023

In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would "have the freedom to set and/or negotiate commissions as they see fit.

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Brokerage Agents MLS 207

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.

Industrial

Housing Wire

OCTOBER 6, 2023

The honey badger labor market woke up on Friday and chose violence, biting the legs of any job recession bear it could find. The first reaction from the bond market was to shoot up bond yields and mortgage rates went higher. However, as the day progressed, bond yields decreased from the peak. What is going on with the U.S. labor market? The answer is that we are just working back to normal.

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Mortgages Marketing Closing Loans 480

Inman

OCTOBER 6, 2023

Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.

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Brokerage Agents 207

Housing Wire

OCTOBER 6, 2023

September job gains came in far higher than expected, a blow for the housing industry already grappling with mortgage rates near 8%. Job gains exceeded the average monthly gain of 267,000 over the prior 12 months. However, they remained lower than the 399,000 average of 2022, Realtor.com Chief Economist Danielle Hale noted. Total nonfarm payroll employment increased by 336,000 jobs in September, more than in August , according to data released by the Bureau of Labor Statistics.

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MLS Industrial Marketing As-is 467

Inman

OCTOBER 6, 2023

Real Brokerage has established partnerships in the U.S. and Canada to assist agents in group purchase plans for healthcare benefits.

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Agents Brokerage 197

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Brokerage

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. A hearing for preliminary approval of the settlement is expected to occur next month, with final court approval expected in mid-2024. “I am pleased that Anywhere has reached a nationwide settlement with the plaintiffs in the Burnett and Moehrl cases,

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Brokerage MLS Agents Branding 459

Inman

OCTOBER 6, 2023

An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a "stunning admission of guilt" on the eve of a class-action trial set to start Oct. 16.

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MLS 195

Housing Wire

OCTOBER 6, 2023

Two ongoing stories that have rattled the U.S. housing market continue to present challenges for the entire housing system: chronic inventory shortages and an alarming number of destructive natural disasters stemming from climate change. A pair of Texas startups hope to put a dent in both of these problems by using 3D printing technology to build homes in Central Texas, according to reporting by the Texas Tribune.

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Construction Technology Land Development 459

Inman

OCTOBER 6, 2023

Sometimes it's our own misconceptions and insecurities that keep us from moving forward professionally and serving a new niche. Luxury agent Karen Stone looks at five questions that might be holding you back from the luxury market.

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Agents Marketing 193

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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.

Agents

Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said.

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Loans Brokerage Mortgages Finance 457

Inman

OCTOBER 6, 2023

An Airbnb guest has stayed in a Los Angeles dental surgeon's guest house for over a year without paying rent — and the owner has no legal basis to evict her.

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are facing multiple challenges in today’s market. Borrowers expect a more digital, convenient experience, particularly at closings , and if one lender doesn’t provide it, a competitor will. At the same time, lenders are under intense scrutiny by regulators and investors with the slightest misstep or error resulting in fines or buyback demands.

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Closing Lending Technology Title 434

Inman

OCTOBER 6, 2023

Realtor.com's Listing Toolkit is an easy, modern solution for listing agents to build CMAs, demonstrate home marketability and help sellers discover who might want to buy their home.

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Marketing Agents Technology 187

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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.

Agents

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5 million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of

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Industrial MLS Brokerage Agents 434

Inman

OCTOBER 6, 2023

NYC Realtor and sometime-stand-up comedian Karen Stone offers insights from her experiences sharing the stage with Jim Gaffigan, George Wallace and Jerry Seinfeld.

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Staging Agents Marketing 187

Housing Wire

OCTOBER 6, 2023

The state of the mortgage industry is rife with concern as elevated rates and low inventory have stunted both refinance and origination activity. As a result, the makeup of the mortgage ecosystem is shifting. Private correspondent aggregators play an essential role in the upkeep of a balanced mortgage ecosystem. While this term may be unfamiliar to many, a private correspondent aggregator is a fancy title for an entity that purchases mortgages and repackages the loans into mortgage-backed securi

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Loans Finance Mortgages Title 430

Inman

OCTOBER 6, 2023

DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home.

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Equity Investor Loans Technology 185

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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.

Sales

Housing Wire

OCTOBER 6, 2023

The mortgage industry is highly fragmented and complex. Closings in particular involve multiple stakeholders, each of whom has different requirements, processes and technologies that make collaboration between parties a time-consuming and error-prone exercise. Snapdocs solves this complexity by providing digital solutions that simplify the closing process, increase cost-savings, improve borrower experience and enhance data security.

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Closing Technology Industrial Development 422

Inman

OCTOBER 6, 2023

The new tool, Credit Builder, allows credit reporting institution TransUnion to consider rental payments when its algorithms build credit scores.

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Technology 183

Bigger Pockets

OCTOBER 6, 2023

According to Deutsche Bank, the likelihood of a U.S. recession is 100%. Should investors be worried?

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Banks Investor Marketing 139

Inman

OCTOBER 6, 2023

Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue "higher for longer" rate strategy.

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Mortgages Marketing 183

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