Housing Wire

AUGUST 30, 2024

With all the recent media attention, by now most everyone is aware of major changes afoot in real estate this month. Commentary has run the gamut from the demise of the industry to real estate services in the future will now be essentially pro bono. Pardon if my words convey a dash of sarcasm yet, after over four decades of helping buyers and sellers and running two of the largest brokerage companies in the world, I am compelled to read missives of the misinformed as they pop corks in celebratio

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Purchase and sale agreement Brokerage Agents As-is 444

Real Estate News

AUGUST 30, 2024

With new rules in place, listing agents need to consider several factors when helping sellers determine their approach to buy-side compensation.

Agents 289

Agents 289

Housing Wire

AUGUST 30, 2024

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. Meet Landian , a real estate startup founded by Bryan Galen, Neal Batra and Josh Sitzer — yes, the same Sitzer who filed the now infamous Sitzer/Burnett commission lawsuit. In an interview with TechCrunch , which first broke the news of Landian’s debut, Sitzer said his frustration with having to pay a 3% commission to a buyer’s agent on the sale of his Kansas City home in 20

Purchase and sale agreement 432

Purchase and sale agreement Brokerage Agents MLS 432

Real Estate News

AUGUST 30, 2024

Watch the conversation as industry firebrands Rob Hahn and Greg Robertson tackle topics from forms and AI to the value of portals and associations.

Industrial 239

Industrial 239

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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

AUGUST 30, 2024

The proposed settlement between the National Association of REALTORS ( NAR ) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. Despite bipartisan agreement that supply shortages are driving housing’s unaffordability issue, some point to commissions. As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns.

Finance 421

Finance Agents FHA loan Closing costs 421

Housing Wire

AUGUST 30, 2024

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers. The Federal Trade Commission (FTC) reported that American consumers lost $10 billion to fraud in 2023, a 14% increase from the prior year.

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Title Industrial Land Residential 421

Inman

AUGUST 30, 2024

The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week.

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182

Housing Wire

AUGUST 30, 2024

Federal Reserve Chair Jerome Powell indicated last week that a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) is on the table, which would have the effect of driving mortgage rates lower. Most observers and professionals agree that a rate cut would provide immediate benefits to the reverse mortgage industry, particularly for Home Equity Conversion Mortgages (HECMs).

Mortgages 421

Mortgages Loans Industrial As-is 421

Inman

AUGUST 30, 2024

Treasury Secretary Janet Yellen said the new reporting rules will "close critical loopholes in the U.S. financial system" that had allowed criminals to launder money through all-cash residential real estate transactions.

Sales 180

Sales Residential Closing 180

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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

AUGUST 30, 2024

Retirement savers experienced their third consecutive quarter of growth in Q2 2024, with Gen X savers showing strong gains in individual retirement arrangements (IRAs), a sign of progress considering that cohort’s prior struggles with saving for life after work. This is according to a report released by Fidelity Investments , based on 401(k) and 403(b) data derived from 26,100 corporate defined contribution plans and roughly 32 million total participants as of June 30, 2024.

Loans 412

Loans As-is 412

Inman

AUGUST 30, 2024

The settlement has changed a lot, but consumers still need agents, Amy Corr writes. Stay confident, listen to potential clients, be the advisor they need, and you will thrive.

Agents 179

Agents 179

Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque will lead NFM’s retail growth strategy as corporate vice president of retail, NFM’s Managing Director Greg Sher announced on LinkedIn on Friday. “Your thoughtful leadership, data-driven market perspective, and unwavering support of mortgage and housing, helps to ensure we will continue to conquer the many mountains ahead,” Sher wro

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Lending Land Banks Loans 410

Inman

AUGUST 30, 2024

Tether RE's platform includes 24-hour safety monitoring, client verification, SOS alerts, proximity safety times and fall and crash alerts. Agent social MLS app Tuesday won Crowd Favorite.

Agents 176

Agents MLS Technology Industrial 176

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Brokerage

Housing Wire

AUGUST 30, 2024

Roughly six months after his departure from RE/MAX , Nick Bailey is back in a leadership role, this time at management consultancy and analytics firm T3 Sixty. In an announcement on Thursday T3 Sixty said Bailey will serve as the firm’s chief real estate officer. In this role, T3 Sixty said Bailey will focus on business development, enterprise-level consulting projects and representing T3 Sixty at industry events. “Nick has proven capabilities leading brands and brokers to productive chang

Development 409

Development Branding Residential Brokerage 409

Inman

AUGUST 30, 2024

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 191

Brokerage Agents 191

Housing Wire

AUGUST 30, 2024

After nearly 18 years ERA King Real Estate , Anna-Marie Ellison is moving to Alabama -based ARC Realty. In a post on her website ConsultWithAME on Wednesday, Ellison wrote that she is “honored” to be joining a team with the guiding principal of “Everything worth building starts with a relationship.” In her new role at ARC, Ellison will focus on strategic planning for agent and staff growth, as well as health and wellness initiatives, recruitment, and training across the Birmingham, Montgom

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Principal Development Agents Industrial 408

Inman

AUGUST 30, 2024

The case dates back to a 2020 settlement between NAR and the DOJ, and to the DOJ's 2021 attempt to withdraw from that settlement — something NAR is trying to block.

MLS 180

MLS Industrial Agents 180

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Loans

RIS Media

AUGUST 30, 2024

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. – A Federal Reserve interest rate cut is looking more and more imminent with this month’s Personal Consumption Expenditures (PCE) price index data. The PCE index increased 0.2% from the previous month, and core-inflation rose… The post Mortgage Mix: Fed Rate Cut Closes in; CFPB Fines New Day Financial appeared first on RISMedia.

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Closing Mortgages Industrial 122

Inman

AUGUST 30, 2024

Landian, a flat-fee and à la carte platform, offers $49 tours and $199 for written offers to sellers, but the real bombshell may be Sitzer's involvement so soon after the $5B Sitzer | Burnett verdict.

Technology 168

Technology Brokerage Agents 168

RIS Media

AUGUST 30, 2024

Real estate professionals know that attending educational and networking events in-person is one of the best ways to improve and invest in their business by getting actionable takeaways and insights directly from their respected and revered industry leaders. In a post-NAR-mandate world, the importance of learning from brokerage executives and industry experts who are guiding… The post Happening Tomorrow: RISMedia Will Kick Off Its 36th Annual CEO & Leadership Exchange appeared first

Brokerage 119

Brokerage Industrial Agents 119

Inman

AUGUST 30, 2024

Landian, a flat-fee and à la carte brokerage, offers $49 tours and $199 for written offers to sellers, but the real bombshell may be Sitzer's involvement so soon after the $5B Sitzer | Burnett verdict.

Brokerage 168

Brokerage Technology Agents 168

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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.

Agents

RIS Media

AUGUST 30, 2024

RISMedia has extended the deadline to nominate a 2024 Real Estate Newsmaker to September 15, 2024 at 11:59 p.m. EST. This means that you still have two weeks left to acknowledge and applaud your colleagues and peers for their achievements and contributions this year. RISMedia’s 2025 Newsmakers will be spotlighted in Real Estate magazine early… The post Deadline Extended for RISMedia’s 2025 Real Estate Newsmakers Nominations appeared first on RISMedia.

Industrial 118

Industrial Agents Marketing 118

Inman

AUGUST 30, 2024

Find out what tech expert Craig Rowe thinks about Proptexx, an application that allows buyers to instantly remodel a room with AI-based interior design tools.

Design 162

Design Staging Technology Brokerage 162

RIS Media

AUGUST 30, 2024

Above, from left, Liam Coonahan, George Gatt, Jessica Paulucci, David Super and Tracy Wiley. RISMedia recently announced the Top 25 regional Rookie of the Year finalists for 2024. The third annual Rookie of the Year program, sponsored by Colibri Real Estate, is designed to honor real estate agents who are new to the business, yet… The post Meet the Northeast Region Real Estate 2024 Rookie of the Year Finalists appeared first on RISMedia.

Design 118

Design Agents Industrial 118

Inman

AUGUST 30, 2024

New Inman contributor Kashif Ansari digs into the National Association of Realtors' annual report on international buyers.

Brokerage 180

Brokerage Agents Marketing 180

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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

RIS Media

AUGUST 30, 2024

An investigation from the District of Columbia Office of the Attorney General has uncovered the use of an illegal kickbacks scheme involving real estate agents across several title insurance companies. Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern) and Union Settlements, LLC (Union) were found to be involved.

Title 117

Title Agents Industrial 117

Inman

AUGUST 30, 2024

Buyers are more stressed out than ever. Jimmy Burgess shares a plan to help you help your buyer clients and earn their trust.

Brokerage 164

Brokerage Agents 164

RIS Media

AUGUST 30, 2024

The Federal Reserve’s preferred measure of inflation showed an annual gain of 2.5% in July, within striking distance of the central bank’s long-term mandate of 2%, putting the country firmly on track for a series of rate cuts—likely starting next month. The Personal Consumption Expenditures (PCE) price index increased 0.2% from the previous month, and… The post More Inflation Data Supports Rate Cuts, but ‘Alarm Bells’ Over Timing appeared first on RISMedia.

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Sales Industrial Mortgages Agents 115