Real Estate News

AUGUST 26, 2024

Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.

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Housing Wire

AUGUST 26, 2024

The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., Move Sales , OpCity Acquisitions , OpCity Inc. and REA Group Ltd. — which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake lead

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Purchase and sale agreement Sales Agents Design 504

Inman

AUGUST 30, 2024

PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September.

Mortgages 184

Mortgages Marketing 184

RIS Media

AUGUST 29, 2024

Paying off a mortgage is a momentous financial achievement. It can happen during the process of selling a home or before. During a sale, homeowners often ask me when they should stop paying a mortgage. My guide will walk you through the entire process, from understanding your mortgage terms to updating your records. I will… The post Understanding the Home Mortgage Payoff Process: A Complete Guide appeared first on RISMedia.

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Mortgages Sales Loans Industrial 140

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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

Real Estate News

AUGUST 29, 2024

The former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.

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Inman

AUGUST 26, 2024

Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin.

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Sales Marketing Mortgages 191

RIS Media

AUGUST 26, 2024

Probate in real estate refers to the legal process of transferring property after a homeowner’s death. This process involves validating the deceased’s will, settling debts and distributing assets to heirs. Understanding probate is crucial for buyers, sellers and inheritors of real estate. Understanding estate planning for the family should never be overlooked.

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Industrial 142

Real Estate News

AUGUST 29, 2024

The association will ask the highest court to weigh in on the case after a lower court ruled that the DOJ could continue its investigation into NAR policies.

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Housing Wire

AUGUST 24, 2024

It’s been one week since the NAR settlement changes went into effect. Did the changes affect any of the housing data we track every week? Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. The last time we saw this kind of effect was when mortgage lenders had to start incorporating TRID in 2015 — it created a one-month crash in existing home sales because it just took a bit longe

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Mortgages Banks Sales As-is 490

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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

Inman

AUGUST 26, 2024

The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.

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Agents Brokerage Marketing Technology 189

Brownstoner

AUGUST 27, 2024

As the controversial rezoning proposal for Arrow Linen’s site in Park Slope moves through the city process, advocates for a shorter, more affordable housing development say they have found a developer willing to build one. Their vision, they say, could yield more apartments than what is currently planned by Arrow Linen… Read More > The post Locals Call on Pol to Reduce Arrow Linen Rezoning, Back Fully Affordable Build appeared first on Brownstoner.

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Development As-is 142

Real Estate News

AUGUST 29, 2024

“Our hard-won settlement paved the way for a new era,” said Josh Sitzer, whose company offers flat-fee home tour and offer preparation services for buyers.

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Housing Wire

AUGUST 28, 2024

The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the quirks of the current market, where higher-priced, turnkey homes in desirable neighborhoods are more likely to sell.

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VA loan Equity Mortgages Sales 473

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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.

Loans

Inman

AUGUST 26, 2024

Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.

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Agents 189

Seattle Times Real Estate

AUGUST 25, 2024

The four newest Link light rail stations north of Seattle have been magnets for apartment construction, with more than 10,000 units finished or underway.

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Construction 145

Real Estate News

AUGUST 28, 2024

Major brokerage leaders are telling agents to be patient with other real estate professionals (and consumers) as the industry adjusts to new practices.

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Agents Brokerage Industrial 299

Housing Wire

AUGUST 28, 2024

The NAR settlement agreement, announced earlier this year, has been an extremely hot topic for agents and prospective homebuyers in the real estate world. This new settlement agreement was enacted on August 17th, 2024, and has been designed to increase transparency in real estate transactions and change how compensation is communicated and negotiated between parties.

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MLS Agents Residential Brokerage 457

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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

Inman

AUGUST 26, 2024

HomeLight is partnered with more than 10,000 loan officers and 28,000 real estate agents to offer Buy Before You Sell in 46 states and Washington, D.C. -- everywhere but Alaska, Massachusetts, New York and Rhode Island.

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Land Loan Officer Loans Agents 189

RIS Media

AUGUST 29, 2024

According to a filing in federal court today, the National Association of REALTORS® (NAR) is planning to appeal to the Supreme Court after a panel of judges allowed the Department of Justice (DOJ) to reopen its inquiry into several NAR policies. NAR will file its appeal to the nation’s highest court by Oct. 10, the… The post BREAKING: NAR Will Appeal DOJ Investigation to Supreme Court appeared first on RISMedia.

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Industrial Agents 125

Real Estate News

AUGUST 29, 2024

Rates are edging closer to 6%, but the downward trend still hasn’t translated into sales as potential homebuyers play the waiting game.

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Mortgages Sales 312

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

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Brokerage

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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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 121

Real Estate News

AUGUST 26, 2024

Brokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.

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Brokerage 304

Housing Wire

AUGUST 26, 2024

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. According to Crunchbase estimates, HomeLight has raised $762.5 million in 15 funding rounds with 25 investors since its inception in 2012.

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Equity Loan Officer Lending Investor 457

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.

Agents

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.

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Sales Residential Closing 180

RIS Media

AUGUST 26, 2024

A group of eight REALTORS® from various states, all represented by the same California attorney, filed a lawsuit on Aug. 23 in Los Angeles Superior Court, accusing Move, Inc., the National Association of REALTORS® (NAR) and Move parent company News Corp subsidiaries such as real estate lead generation technology platform Opcity of seven charges, centering… The post 8 Agents File ‘Fake-Leads’ Civil Action Against Move, Inc. appeared first on RISMedia.

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Agents Technology Industrial 124

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.

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Agents 289