Mon.Nov 20, 2023

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Court approves Anywhere, RE/MAX commission lawsuit settlements

Housing Wire

RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. Judge Stephen Bough, who oversaw the Sitzer/Burnett trial last month in Missouri’s Western District, granted the settlements preliminary approval Monday morning.

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Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?

Keeping Current Matters

This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays?

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Department of Veterans Affairs pauses VA loan foreclosures for 6 months

Housing Wire

The Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for six months to help military borrowers in danger of losing their homes, a department spokesperson said in a statement to HousingWire on Monday. The Veterans Assistance Partial Claim Payment program — which began July 2021 — allowed military borrowers to skip six or 12 mortgage payments during the COVID-19 pandemic if they had a financial hardship.

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People on the Move: NAR's 2024 leaders take their posts

Real Estate News

After taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions.

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Anywhere, RE/MAX settlements receive preliminary approval

Real Estate News

The agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.

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More Trending

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Take the Inman Intel Index survey: November 2023

Inman

The Inman Intel Index goes beyond sentiment and trends by tapping into the most engaged community in real estate to understand what the industry is thinking today, and tomorrow.

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Tracy Kasper officially installed as NAR’s new president

Housing Wire

The National Association of Realtors officially installed its new leadership team for 2024 at the trade organization’s annual conference, NAR NXT, in Anaheim, California, last week. Tracy Kasper was sworn in as the new president during the event, but she assumed the role in August 2023 (three months ahead of schedule) following the resignation of former president Kenny Parcell.

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EXp scoops up 60-agent RE/MAX team in Canada

Inman

Justin Havre and his 60-agent team in Calgary are the latest big names to move brokerages as big-name firms compete for top talent.

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American Pacific Mortgage names Bill Lowman chairman of the board

Housing Wire

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. Lowman will continue his daily work as an adviser to the APM senior management while more fully guiding the company through his work on the board, the company said earlier this month. Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 an

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Anywhere, RE/MAX commission lawsuit settlements move forward

Inman

A judge has granted preliminary approval of the franchisers' multimillion dollar settlements in Sitzer | Burnett, Moehrl and Nosalek. Final approval may happen next year.

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Opinion: Brokerage economics and the $1.8B damages in the commission lawsuit

Housing Wire

While reading about the $1.8 billion dollar damages claim assessed against the National Association of Realtors , Keller Williams and HomeServices , I wondered what impact this could have economically on the industry. I decided to break down the numbers and look at brokerage economics. Last year, nationally there were slightly over 10 million transactions of existing homes sales.

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NAR directors confront power shift as executive committee steps up

Inman

At a Friday board meeting, a member of NAR's board of directors predicted "less authority" in 2024 as the embattled trade group's growing Executive Committee shoulders more responsibility.

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The Pros and Cons of Virtual Staging in Real Estate

RIS Media

In the world of real estate, first impressions are crucial. Making a property look its best can mean the difference between a quick sale and a property sitting on the market for months. Virtual home staging is one innovative tool that has emerged to help real estate professionals in this endeavor. Using computer-generated imagery, this… The post The Pros and Cons of Virtual Staging in Real Estate appeared first on RISMedia.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Win dinner with Robert Reffkin in Compass’ Back to Basics challenge

Inman

Twenty-five Compass agents with the most buyer-exclusive agreements and in-person interactions after 100 days of 2024 will win a trip to NYC, lunch with Leonard Steinberg and dinner at Reffkin’s home.

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High Interest Rates Have Impacted This HELOCs—But Can You Still Get One?

Bigger Pockets

Stop being concerned with ROI and IRR. Stop putting yourself in speculative positions. The path to wealth is boring, and this is what you should be paying attention to.

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Why individualized service is key in luxury real estate

Inman

The business of luxury real estate is a busy one. As agents serving the most prestigious markets, we have ambitious targets to meet and goals to achieve, and we often play the role of both the seasoned professional and savvy entrepreneur, planning for the stable, sustainable growth of our business and our brands while eagerly prospecting for emerging opportunities.

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Buying a Property Next Year? You Need to Do a Sensitivity Analysis Before Investing

Bigger Pockets

With 2024 approaching, it's time to take a look at your investment plans next year. Before you even think about buying a property, do this first.

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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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Rental concessions rise as new inventory comes online

Inman

Thirty percent of rentals advertised on Zillow in October offered concessions of some sort, such as free parking or free months of rent.

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No Cash to Invest? Use THIS Side Hustle to Help Buy Your First Rental

Bigger Pockets

Saving for your first rental property can take a while, but adding side hustle income could help you stockpile enough cash to buy much sooner.

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NAR installs President Tracy Kasper, other leaders for 2024

Inman

The National Association of Realtors installed its 2024 leadership after the board of directors meeting during its annual NAR NXT conference. Kasper started her term three months early, after the resignation of former president Kenny Parcell.

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I’ve Had Enough—It’s Not About ROI, It’s About This

Bigger Pockets

Stop being concerned with ROI and IRR. Stop putting yourself in speculative positions. The path to wealth is boring, and this is what you should be paying attention to.

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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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7 ways to show appreciation this Thanksgiving

Inman

Don't let the negative headlines get in your head, writes coach and trainer Darryl Davis. Find out how you can come from a positive place and put your best face forward right now.

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NAR Announces 2024 Leadership Team

RIS Media

Tracy Kasper was installed as 2024 president of the National Association of REALTORS®, and other leadership was appointed, during the 2023 NAR NXT, The Realtor® Experience in Anaheim, California. With more than 30 years in real estate, Kasper, from Nampa, Idaho, is broker-owner of Berkshire Hathaway HomeServices Silverhawk Realty. She has served on NAR’s board… The post NAR Announces 2024 Leadership Team appeared first on RISMedia.

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What apps should I use to edit Reels on Instagram?

Inman

This week, Sue "Pinky" Benson talks through the best ways to edit video for Instagram Reels. Hint: It's not within the Instagram app.

Agents 179
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Home Warranties an Essential Tool That Benefits Buyers and Sellers Alike

RIS Media

Supporting buyers and sellers through the real estate journey and beyond is no easy feat considering the abundance of moving pieces that need to come together to facilitate a successful purchase or sale. For Bennion Deville Homes’ Broker/General Manager Chris Anderson, attaching a home warranty to each and every contract goes a long way toward… The post Home Warranties an Essential Tool That Benefits Buyers and Sellers Alike appeared first on RISMedia.

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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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Navigating challenges in the luxury market: Insights from the experts

Inman

Top real estate agent Joyce Rey sits down with Jon Krabbe of Agent Image to delve into the current landscape of the ultra-high-end real estate market. Join us as we discuss the unique challenges faced by luxury realtors and the evolving expectations of buyers and sellers.

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States Where Home Improvement Loans Are Most, and Least, Common

RIS Media

While home improvement loans have always been common, in an economy full of challenges and inflation more homeowners have been turning to loans to be able to make any sort of fix or change to their homes. In fact, across the 50 states, an average of 361.2 home improvement loans are originated for every 100,000… The post States Where Home Improvement Loans Are Most, and Least, Common appeared first on RISMedia.

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Tips For Viewing a Builder's Model Homes

Realty Biz

Finding your dream home is an exciting and significant step in life. One option is to go for the gusto and purchase the house everyone loves touring in the latest and greatest neighborhood. Buying a builder's model provides a glimpse into the possibilities of your future living space. It offers a tangible experience that goes beyond mere floor plans and pictures.

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2023 Midwest Regional Rookie of the Year Heather McColaugh Pours Heart Into Her Community

RIS Media

Since jumping into real estate, Heather McColaugh has taken the industry by storm. After years of managing her career in pharmaceutical sales and caring for her three adopted children, McColaugh realized that something needed to change. “I had absolutely no control over my day, and no bandwidth,” says McColaugh, one of five Regional Rookie of… The post 2023 Midwest Regional Rookie of the Year Heather McColaugh Pours Heart Into Her Community appeared first on RISMedia.

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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.