Inman
OCTOBER 19, 2023
If the 80-20 principle is correct, then agents must delegate tasks. But broker Nick Schlekeway says many agents have taken it too far. Here are the areas agents should stop delegating and personally handle with care.
Housing Wire
OCTOBER 19, 2023
In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. You’re probably thinking, “Uh, why on earth would she do that?” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California.
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Real Estate News
OCTOBER 19, 2023
On Day 4 of the Sitzer/Burnett trial, an expert witness for the plaintiffs said the current commissions system is a "clear case" of collusion and price fixing.
Housing Wire
OCTOBER 19, 2023
In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. Starting Jan. 1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly.
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Real Estate News
OCTOBER 19, 2023
The summer sales slump continued through September, marking the seventh month of negative sales movement this year.
Housing Wire
OCTOBER 19, 2023
Event marketing can be key to success in building relationships and meeting new potential buyers and sellers. There are several categories of events. Events you create, promote, and manage yourself, events that you can sponsor which are created by others, and smaller get-togethers with select groups from your list. Here’s a monthly guide to party and event ideas to keep your pipeline flowing all year. 1.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 19, 2023
Two of Berkshire Hathaway HomeServices Nevada Properties ’ top teams, The Mullin Group and The Blankfeld Group, have merged to create The Mullin Blankfeld Group. Together, they will boast a total of 42 real estate agents , serving clients across different neighborhoods and price points throughout the Las Vegas Valley. “Working together as one group combines a vast range of industry backgrounds that contribute to expertise in every category of real estate.
Real Estate News
OCTOBER 19, 2023
As mortgage rates continue to hit multi-decade highs, the industry waits to see how much it dries up demand.
Housing Wire
OCTOBER 19, 2023
The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News.
Inman
OCTOBER 19, 2023
The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.
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Housing Wire
OCTOBER 19, 2023
Existing home sales fell 2.0% in September from August , reaching a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. Looking at the four major U.S. regions on a monthly basis, sales only picked up in the Northeast.
Keeping Current Matters
OCTOBER 19, 2023
Are you thinking about selling your house as a For Sale by Owner (FSBO)?
Housing Wire
OCTOBER 19, 2023
CoStar Group , the parent company of real estate data giant CoStar , has made an offer to acquire OnThe Market , the third most visited residential property portal in the United Kingdom. The announcement bolsters the claim that CoStar is “playing for keeps in the residential real estate market.” The company offered to acquire the U.K. portal for £1.10 per share in cash, amounting to approximately £100 million in total, according to the press release.
Inman
OCTOBER 19, 2023
As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures.
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Housing Wire
OCTOBER 19, 2023
The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance. In this newly created role, Wallace will report to Real Chairman and CEO Tamir Poleg and will oversee Real’s consumer-facing products.
Inman
OCTOBER 19, 2023
Kansas City has apparently become the center of the world as the celebrated Chiefs tight end opted for a secluded property in a gated community in the city to facilitate quality time with the "Eras" tour star.
Housing Wire
OCTOBER 19, 2023
The inefficiencies of paper documents are undeniable. But when a mortgage lender, credit union, bank, title company or settlement service provider wants to transition away from paper closings , it can be hard to know where to start. DocMagic’s AutoPrep solution is the easiest step a lender can take to automate their eClosing process. It offers instant document e-enablement by leveraging cutting-edge AI, machine learning and powerful Optical Character Recognition (OCR) technology, instantly
Inman
OCTOBER 19, 2023
In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ "currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.
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.
Housing Wire
OCTOBER 19, 2023
Dallas-based United Real Estate is expanding its footprint in its home state. United Real Estate | DFW Properties is merging with Grapevine, Texas-based Insight Realty Network , according to an announcement on Thursday. The merger expands United Real Estate’s agent count to 830 in North Texas and 1,810 statewide. The merged firm, which will operate under the United Real Estate | DFW Properties name, will have agents based out of both United Real Estate’s Fort Worth office and the former Insight
Inman
OCTOBER 19, 2023
Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership.
RIS Media
OCTOBER 19, 2023
Basement bedrooms have become increasingly popular in modern homes. Whether you want to add extra living space or create a cozy guest room, transforming your basement into a bedroom can be fantastic. However, specific basement bedroom requirements must be met to ensure the safety and comfort of occupants. We will delve into the essential aspects… The post Basement Bedroom Requirements: Ensuring Safety and Comfort appeared first on RISMedia.
Inman
OCTOBER 19, 2023
The shop, located in the northeastern corner of Massachusetts, serves homebuyers and sellers in Newburyport, Newbury, West Newbury, Amesbury, Ipswich, Southern New Hampshire and the New Hampshire seacoast.
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.
Brownstoner
OCTOBER 19, 2023
City agencies behind the design of the new 15-story, 1,040-bed Brooklyn Borough Jail in Boerum Hill have reneged on commitments made to the community during the land use review process, compromising the jail’s ability to integrate safely into the neighborhood, locals said at a community board meeting Wednesday night. Specifically,… Read More > The post City Backtracks on Key Commitments for New 15-Story, 1,040-Bed Boerum Hill Jail, Locals Say appeared first on Brownstoner.
Inman
OCTOBER 19, 2023
The Coldwell Banker CMO sat down with Inman to discuss some of the highlights from the real estate company's Gen Blue event this year, which included a highly unscripted interview with NBA giant Shaquille O'Neal.
Eye on Housing
OCTOBER 19, 2023
Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the third consecutive month of year-over-year median sales price increase.
Inman
OCTOBER 19, 2023
Keller Williams is set to open its latest master franchise in Willemstad, Curaçao. With its opening, the Texas franchisor will have nine master franchises across the Caribbean.
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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.
RIS Media
OCTOBER 19, 2023
Disclaimer: This article is blunt, but I am neither angry nor bitter. We, the practitioner population have grown weary of the quagmire and bad publicity when all we are trying to do is earn a living and feed our families the best we can. These comments are strictly my own and may or may not… The post Op-Ed: A Potential Path Forward for NAR appeared first on RISMedia.
Inman
OCTOBER 19, 2023
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports.
RIS Media
OCTOBER 19, 2023
In September 2023, existing-home sales declined by 2% month-over-month, coming in at about 3.96 million. This data comes courtesy of the National Association of REALTORS®’ (NAR) latest monthly report tracking such sales. Existing-home sales make up the majority of housing transactions in the U.S., so this change acts as a market bellwether. For reference, in… The post Existing-Home Sales Continue to Decline in September appeared first on RISMedia.
Inman
OCTOBER 19, 2023
The median U.S. home price rose to $350,000 in the third quarter, 2 percent higher than the previous record set a quarter earlier, according to new data released Thursday by Attom.
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.
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