Fri.Sep 27, 2024

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Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Agents 500
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California sets a 3-month limit on buyer agent agreements

Real Estate News

The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.

Agents 282
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Veterans are largely unaware of housing grants for aging in place

Housing Wire

A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.

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Tech Bytes: News from Zillow, MetroList, Lofty and Revive

Real Estate News

Zillow adds information about flooding, wildfire and other climate risks to its listings; MetroList teams up with StreetWire to offer Home Value Lock.

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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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REcolorado finalizes controversial sale. But who owns the listing data?

Housing Wire

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement.

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Here are the top-performing Asian American agents and teams of 2023

Housing Wire

The Asian Real Estate Association of America (AREAA) has honored more than 220 agents and teams on its annual A-List for 2023 sales volume and sides. They will be formally recognized at the AREAA National Convention, Oct. 24-26 in Las Vegas. Together, the 157 agents and 68 teams produced $9.85 billion in sales volume on 10,214 sides. The rankings were created in conjunction with RealTrends Verified.

Agents 432
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‘I’m back in it’: Reality star Kendra Wilkinson returns to real estate

Inman

Douglas Elliman real estate agent and reality TV star Kendra Wilkinson has announced her return to real estate after taking a brief mental health break, "People" Magazine reported on Friday.

Agents 172
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Record lows: August reveals sluggish agent mobility

Housing Wire

The latest release data as of August 2024 indicates a significant decline in agent mobility, with the seasonally adjusted AMI metric hitting a new record low. This trend suggests that agents are increasingly less likely to consider switching brokerages as we head into the fall season. Key observations from August 2024: Agent mobility hits record low : The seasonally adjusted AMI metric has reached its lowest point since the index was established excluding the COVID month of April 2020 , indicati

Agents 418
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New inflation data gives mortgage rates room to keep coming down

Inman

With inflation continuing to inch closer to the Fed's 2 percent goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November.

Banks 176
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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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Manish Garg on being the right amount of paranoid about AI

Housing Wire

Editor in Chief Sarah Wheeler sat down with Manish Garg, senior vice president of product and technology at EarnUp , an autonomous financial wellness platform, to talk about how his company is using gen AI to deliver a personalized experience for customers at scale. Garg has a deep background in building enterprise software and has spent the last decade working with fintechs in the mortgage lending space.

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10 must-read real estate business books perfect for 2024

Inman

Ready to improve your knowledge and take on some new ideas? Marketing tech expert Stacie Kimberlain offers a list of essential books just right for the current market.

Marketing 184
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Hurricane Helene has slammed the Southeast. Here are the impacts to real estate

Housing Wire

Hurricane season has arrived, and residents of Florida and other Southeast states are beginning to deal with the damage wrought after Hurricane Helene made landfall on Thursday. Helene was a Category 4 storm with winds speeds of up to 140 mph when it hit the Big Bend area of Florida’s panhandle, near Tallahassee, on Thursday night. But it quickly weakened and was downgraded to a tropical storm.

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REcolorado sold to private buyer, cutting ties with Realtor orgs

Inman

Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association.

MLS 184
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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.

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TRG closes deal for Doma; Lennar gains minority ownership stake

Housing Wire

Title Resources Group (TRG) has closed its acquisition of Doma Holdings , the parent company of Doma Title , according to an announcement on Friday. The sale was first announced in late March 2024. In the all-cash transaction, Doma was valued at nearly $88 million. As a result of the sale, Doma’s underwriting division (DTI) is now a wholly owned subsidiary of TRG. “Combining DTI with TRG’s existing underwriter, we have become the fifth largest independent underwriter in the United S

Closing 410
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Don’t facilitate source of income discrimination by sellers

Inman

Don't discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability.

Sales 176
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These agents and teams are standouts in new LGBTQ+ rankings

Housing Wire

The LGBTQ+ Real Estate Alliance has released its fourth annual list of top-performing agents and teams, and it includes a highly productive bunch. The 314 agents and teams on the list produced $5.95 billion in volume across 10,776 transactions in 2023. Collectively, the list would have finished 29th among brokerages for sales volume and 36th for transactions sides on the 2024 RealTrends Verified Top 500 rankings.

Agents 410
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Kofi Nartey on the power of exclusivity and a luxury experience

Inman

Powerhouse luxury and celebrity real estate authority Kofi Nartey offers tips from upscale brands like Louis Vuitton and the Ritz-Carlton on how luxury real estate agents can deliver exceptional client experiences.

Branding 172
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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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Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use

RIS Media

Traditional marketing methods like generic ads, open houses and run-of-the-mill online listings are effective but often not enough to set you apart in an ever-changing and competitive real estate landscape. Let’s explore three modern marketing strategies that can help you secure more listings in today’s real estate market. Live-hosted virtual tours Research shows that 97%… The post Top 3 Overlooked Marketing Tactics Every Listing Agent Should Use appeared first on RISMedia.

Agents 124
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Anywhere joins Compass in push for Clear Cooperation change

Inman

Compass on Thursday reiterated its call to ditch NAR's pocket listing rule. But documents newly obtained by Inman also show that Anywhere shares some of Compass' concerns.

MLS 172
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Local Talent Dazzles With Whimsy, Bespoke Detail at Brooklyn Heights Showhouse

Brownstoner

Flights of fancy lurk behind the decorous brick facade of 182 Clinton Street, a landmarked four-story Greek Revival townhouse that is the site of the 2024 Brooklyn Heights Designer Showhouse. Benefiting the Brooklyn Heights Association, it opens to the public today and runs through November 3. The mid-19th century dwelling… Read More > The post Local Talent Dazzles With Whimsy, Bespoke Detail at Brooklyn Heights Showhouse appeared first on Brownstoner.

Design 118
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In home search, Flika puts buyers first: Tech Review

Inman

Flika users swipe right on homes they like, and left on those they don’t. The app stands out for its consumer-heavy feel and experience, like it could be as easily helping a person find a new pair of sneakers.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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The Extra Downside Protection I Look For in Investments

Bigger Pockets

Commercial real estate has felt like a slow-motion car crash over the last two years, but as you continue (or start) investing passively, consider this framework for evaluating risk.

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Inman Power Wheels: The final showdown for best agent auto

Inman

You've narrowed down the field from the sweet 16. Now it's time to decide which vehicle reigns supreme in our agent auto showdown.

Agents 180
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How to Become the Top 1% and Grow in Your Marketplace

RIS Media

Real estate is a challenging industry, as evidenced by the more than 70,000 agents who left the industry in 2023 according to the National Association of REALTORS®, with higher numbers expected for 2024. So, how do you rise to the Top 1% and grow in your marketplace? Here are some key strategies. Be authentic Authenticity… The post How to Become the Top 1% and Grow in Your Marketplace appeared first on RISMedia.

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Clear Cooperation, paid leads, Serhant’s S.MPLE: Inman Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 180
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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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Is It Ethical to Invest in Real Estate?

Bigger Pockets

There's a lot of opposition to real estate investing, and it centers around three key objections. Do they have a point? Or is there a better way to address the issue?

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Agents put their resource hat on as Helene rages northward

Inman

As Helene progressed from a hurricane to a tropical storm to a post-tropical cyclone on Friday, agents got into gear serving as a resource for clients, while dealing with high winds and flooding.

Agents 161
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Consumer Sentiment Turns Positive as Inflation Slows

RIS Media

With a recent interest rate decrease from the Fed and slowing inflation, consumers’ economic hopes saw a significant increase in September. Consumer sentiment rose 3.2% in September, from 67.9 in August to 70.1, according to the University of Michigan’s latest report. This is the second consecutive month of increase, following August’s rise of 1.5 points,… The post Consumer Sentiment Turns Positive as Inflation Slows appeared first on RISMedia.

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