‘Stop sharing broker commissions’ to steer clear of trouble
Real Estate News
MAY 19, 2024
A “consumer-centric” approach to buy-side commissions is better for all agents, industry leaders say. Here’s why, and what you need to know about the DOJ.
May, 2024
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VA to roll out temporary fix to buyer agent commission problem
Housing Wire
MAY 21, 2024
The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12.
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The Biggest Mistakes Buyers Are Making Today
Keeping Current Matters
MAY 30, 2024
Buyers face challenges in any market – and today’s is no different.
Inaugural class of Inman Future Leaders in Real Estate revealed
Inman
MAY 1, 2024
The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.
The Broker Action Plan for the Post-NAR Lawsuit Landscape
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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.
Understanding Mold in Homes: What it is, Common Causes and Why It’s a Concern
RIS Media
MAY 13, 2024
Mold is a fungus that thrives in damp environments, often becoming a concern in homes. It produces spores that travel through the air and can settle on moist surfaces, leading to rapid growth. Mold’s presence in homes can pose significant health risks and cause structural damage, making it essential for homeowners and buyers to understand.… The post Understanding Mold in Homes: What it is, Common Causes and Why It’s a Concern appeared first on RISMedia.
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Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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CoStar CEO on Matterport deal: Virtual tours, real advantage
Real Estate News
MAY 4, 2024
Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.
Northwest MLS criticizes $418M NAR settlement agreement, opts out
Housing Wire
MAY 29, 2024
Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi
Tips to Stage a Home That Needs Repairs and Improvements
Realty Biz
MAY 19, 2024
Are you wondering how to stage a home that needs an overhaul due to its condition? Selling a house in need of repairs can be challenging. However, you can enhance its appeal with strategic staging and attract potential buyers without completing all the repairs. I will provide tips and advice on how you can accomplish your goal of selling fast without investing a ton of money: How to highlight the home's potential and minimize flaws.
Veterans Affairs will suspend rule blocking vets from paying agents
Inman
MAY 22, 2024
Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process.
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
DOJ Lawyer Says No Offers of Compensation ‘Anywhere’
RIS Media
MAY 21, 2024
Antitrust regulators at the Department of Justice (DOJ) appear unsatisfied with the agreement struck between the National Association of REALTORS® (NAR) and plaintiffs in commission lawsuit class-actions, with a DOJ lawyer saying explicitly that they do not want any offers of compensation made by seller agents to buyer agents At a court hearing today in… The post DOJ Lawyer Says No Offers of Compensation ‘Anywhere’ appeared first on RISMedia.
WA older adults fight isolation by rethinking senior housing
Seattle Times Real Estate
MAY 12, 2024
Intergenerational housing is a growing trend in the Seattle area. Its goal: Create opportunities for residents of all ages to socialize and support each other.
Keller Williams cancels plan to cut profit share for ex-agents
Real Estate News
MAY 17, 2024
President and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.
Pending home sales slowed considerably in April: NAR
Housing Wire
MAY 30, 2024
Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
Advertiser: Trellis
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.
Decades in the Making, Abolitionist Place Park Opens to Public
Brownstoner
MAY 7, 2024
Abolitionist Place park, a public park that commemorates Brooklyn’s abolitionist history, is finally open to the public after at least 20 years of planning, multiple controversies, several iterations, and many delays. The 1.15-acre park at 225 Duffield Street opened today, officials told Brownstoner Monday, with a ribbon cutting ceremony scheduled… Read More > The post Decades in the Making, Abolitionist Place Park Opens to Public appeared first on Brownstoner.
7 reasons great real estate agents will always be needed
Inman
MAY 17, 2024
Now is the time to expand your skill set, broaden your knowledge and provide value at a higher level than you’ve ever provided, Jimmy Burgess writes, so that you won't just survive, you'll thrive.
Benefits and Risks of Use and Occupancy Agreements
RIS Media
MAY 20, 2024
In a real estate transaction, a Use and Occupancy Agreement (U&O) presents a unique solution for buyers and sellers under certain circumstances. This agreement allows a buyer to use and occupy the property before closing the sale. Conversely, it can enable a seller to continue occupying the property post-sale. I will examine the benefits and… The post Benefits and Risks of Use and Occupancy Agreements appeared first on RISMedia.
PCC asks members to spend more in ‘pivotal’ year for grocery co-op
Seattle Times Real Estate
MAY 22, 2024
After another loss, the Seattle-based business is pursuing a turnaround that includes sales promotions, data analytics and pleading with members to bring their food dollars back to PCC.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
More sellers are cutting prices as home sales slow
Real Estate News
MAY 31, 2024
The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.
Warren Buffett: Real estate agent commission structure “has worked out very well”
Housing Wire
MAY 6, 2024
Legendary investor Warren Buffett and Greg Abel, the CEO of Berkshire Hathaway Energy , addressed the commission lawsuits and HomeServices of America’s recently announced settlement of the suits, during Berkshire Hathaway’s annual shareholder meeting on Saturday. “There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,”
Affordability Pyramid Shows 64.8 Million Households Cannot Buy a $250,000 Home
Eye on Housing
MAY 13, 2024
As described in a previous post, NAHB recently released its 2024 Priced-Out Estimates showing 103.5 million households are not able to afford a median priced new home and an additional 106,031 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how.
Compass CEO Robert Reffkin says the luxury market is back
Inman
MAY 24, 2024
The luxury market is back. That was Compass co-founder and CEO Robert Reffkin's primary message during his latest appearance on CNBC's "Squawk on the Street," where he talked about home price trends, mortgage rates, and stock market ebbs and flows.
Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media
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 Starts Rebound in April, Rising 5.7%
RIS Media
MAY 16, 2024
With the U.S. still experiencing a housing shortage due to construction halts from the COVID-19 pandemic, housing completions, and starts, should continue to push positive, as each showed true in April—and the need for housing remains everlasting. According to data released by the U.S. Census Bureau, housing starts reached a seasonally adjusted rate of 1.360… The post Housing Starts Rebound in April, Rising 5.7% appeared first on RISMedia.
Where are Seattle’s first-time homebuyers? Some are leaving town
Seattle Times Real Estate
MAY 12, 2024
What the trinity of heavy demand, flagging supply and sharp interest rate hikes means for first-time homebuyers and the future of the city.
Northwest MLS will not join NAR settlement
Real Estate News
MAY 28, 2024
The organization is the first non-NAR MLS to announce its intentions, and it says keeping the compensation field provides more transparency for consumers.
Majority of recent homebuyers have regrets: survey
Housing Wire
MAY 14, 2024
A report released this week by St. Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025.
Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success
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.
Should You Buy a Home As Is? A Comprehensive Review of The Considerations
Maximum Exposure Real Estate
MAY 21, 2024
Purchasing a house as-is can be an attractive option for many buyers. However, it involves unique processes and considerations. I will provide you with the following information so you can make the best decision. How to financially plan and explore mortgage options for an as-is home purchase. Understanding mortgage options. What steps should be taken […] The post Should You Buy a Home As Is?
Mortgage rates headed under 7% on encouraging inflation data
Inman
MAY 15, 2024
Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.
Legal Considerations for Unmarried Couples Buying Property
RIS Media
MAY 9, 2024
Buying a property together is a significant step for unmarried couples. This decision involves unique legal considerations and requires careful planning. I will provide critical property laws for unmarried couples, including title considerations, mortgage qualifications and protective measures for individual investments. As someone who has been selling real estate for a very long time, it… The post Legal Considerations for Unmarried Couples Buying Property appeared first on RISMedia.
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