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Objections abound as NAR settlement approaches final approval date

Housing Wire

Burton plaintiffs, who represent a proposed class of “individuals who sold homes on an MLS Listing Service servicing the District of South Carolina,” claim that NAR’s settlement “endeavors to insulate comprehensively the entire real estate industry from the punishment due it for its long, storied history of commission fixing.” “It

Brokerage 430
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Rather, it’s an age-specific, federally-insured loan option that helps eligible buyers aged 62+ make a residential purchase while retaining more of their money than they could with a conventional mortgage or an all-cash purchase, generally leaving their savings and assets intact for retirement and any heirs.

Finance 468
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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

Based on decreases in borrowers’ mortgage inquiries, early payoff (EPO) of mortgages and new home listings in the third quarter, Sales Boomerang ‘s latest mortgage opportunities report outlined potential dealmaking strategies for lenders in challenging times for the mortgage industry.

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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug. It doesn’t matter,” O’Koniewski said. “If

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Show up, don’t show off: Laura O’Connor is redefining success in real estate

Housing Wire

Laura O’Connor: In marketing for any services industry, it is common to show that a provider has a lot of customers served. HW: How important is it to educate clients about the “new normal” in residential real estate post-August 17? Can you expand on that principle? Why is this distinction important for agents today?

Branding 417
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Surging mortgage rates prompt borrowers to leave no stone unturned

Housing Wire

When borrowers show hesitancy due to high mortgage rates, loan officers work with options such as temporary rate buydowns, which allow homebuyers to receive lower mortgage rates at the start of their loan terms by using seller concessions as part of the payment. retail residential mortgage applications.

Mortgages 388
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Consumer Watchdog CFA Releases Criteria for Evaluating Home Seller Contract Forms

BAM Media

In addition, the CFA shared eXp’s new seller contract, which CEO Leo Pareja first shared with the BAM audience last week. Recent CFA research has shown that these contracts have the potential to harm or help home sellers depending on their clarity and content.” residential brokerage firm by agent count in 2022.