Housing Wire

FEBRUARY 20, 2025

Some real estate brokers have found their path blocked as they try to navigate the membership agreements mandated by NAR and their local Realtor associations to gain access to MLS listings. NARs three-way membership agreement requires Realtors to join associations at the local, state and national levels.

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MLS Purchase and sale agreement Agents As-is 247

Housing Wire

MARCH 13, 2025

The deal involves two of the nations top-four brokerages by sales volume in 2024, according to data from RealTrends Verified. billion across more than 177,000 home sales. billion across nearly 236,000 sales. In December, it announced the purchase of Christies International Real Estate and @properties. Compass ranked No.

Purchase and sale agreement 387

Purchase and sale agreement Brokerage Equity Development 387

Housing Wire

NOVEMBER 5, 2024

And for all talk about getting a good deal on a purchase or sale, people still just want to find the right home and have a smooth process. 1 need, while only 14% said they wanted help in negotiating the terms of the sale. The survey also shed light on the different methods by which agents are marketing homes for sale.

Purchase and sale agreement 417

Purchase and sale agreement Agents MLS Sales 417

Housing Wire

APRIL 21, 2025

of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. McVay said concessions have become a strategic way for sellers to meet buyers financial needs without lowering their sale price. According to a new report from Redfin , 44.4% Thats up from 39.3%

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Seller concession Purchase and sale agreement Closing costs New Construction 426

Housing Wire

FEBRUARY 1, 2025

HomeLight notes that this is becoming more common for existing-home sales. HomeLight also highlighted an increase in cash-only purchases as a factor that’s keeping first-time buyers away from the market, as they must compete with all-cash buyers and real estate investors.

Purchase and sale agreement 467

Purchase and sale agreement Mortgages Agents Brokerage 467

Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. This provision has the potential to inflate seller or buyer costs,” the report states.

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Purchase and sale agreement Agents Brokerage Industrial 462

Housing Wire

MAY 22, 2025

Inventory grows, sales shrink Redfin said cooler prices stem from a widening gap between supply and demand. Existing-home sales dropped 1.1% Meanwhile, the total number of homes for sale surged 16.7% home purchase agreements were canceled in April, or 14.3% to a five-year high, with new listings up 8.6%

Purchase and sale agreement 385

Purchase and sale agreement Backup offer Seller concession Sales 385

Housing Wire

OCTOBER 15, 2024

“In our efforts to remove friction and complication from the real estate transaction, both agents and consumers have appreciated the convenience Payload offers to ratify a purchase and sales agreement ,” said Pauline Bennett, Coldwell Banker’s Northeast regional president.

Earnest money deposit 417

Earnest money deposit Purchase and sale agreement Technology Brokerage 417

Housing Wire

SEPTEMBER 27, 2024

REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement. “We The new agreement, which agents have until Oct.

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Purchase and sale agreement Sales MLS Agents 459

Housing Wire

MARCH 20, 2025

on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.

Banks 286

Banks Purchase and sale agreement Mortgages Residential 286

Housing Wire

MARCH 29, 2023

title insurance company had “no-poach” agreements with rivals. My office will continue standing up for workers’ rights by stopping no-poach agreements and holding companies accountable for their bad actions.” The agreement comes as Fidelity’s volumes are declining due to fewer real estate sales.

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Purchase and sale agreement Title Closing Industrial 378

Housing Wire

DECEMBER 17, 2024

The accusations also include the forging of documents (such as a fake purchase agreement and fake earnest money deposit records), the breaching of fiduciary duties to the Campolis and the prioritization of their own financial interests in earning a commission for the sale.

Earnest money deposit 387

Earnest money deposit Purchase and sale agreement Title Banks 387

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. After Burks purchased the MLS in June, REcolorado rolled out a revised participation agreement to its members. The new participation agreement — and possibly Bennett’s promotion — only fuels this fear. ”

Purchase and sale agreement 417

Purchase and sale agreement Sales MLS Industrial 417

Housing Wire

NOVEMBER 15, 2024

Some states do not have any reciprocity agreements at all. To illustrate, if you’re moving from California to New York, you’re out of luck, since California does not have reciprocity agreements with any other state. Suppose that same client opts to purchase a vacation property on the Georgia coast instead.

Purchase and sale agreement 370

Purchase and sale agreement Agents Pre-approval As-is 370

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. It also alleges that NAR relied upon the co-defendants to build its membership ranks through this licensing agreement. who purchased leads, including the so-called fake leads, from the defendants between Aug. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

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Purchase and sale agreement Sales Agents Design 509

Housing Wire

APRIL 18, 2025

New build vs. older homes Purchasing a new build ensures that all mechanical, plumbing and electrical components are up to current codes. Each builder has its own purchase agreement. While the builders sales team represents the developer, a buyers agent works solely in the buyers best interest.

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Purchase and sale agreement New Construction Construction Closing costs 338

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

Debt-to-income ratio 417

Debt-to-income ratio Purchase and sale agreement Sales Loans 417

Housing Wire

JUNE 16, 2025

In a court filing, plaintiffs’ attorneys described the $39 million agreement as “a prompt and substantial tangible recovery.” At the end of Q1 2025, Opendoor had about 1,050 homes under contract for purchase just and has sought aggressive cost-cutting measures. million — in legal fees. Opendoor reported $1.2

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Purchase and sale agreement Investor Brokerage Technology 292

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Purchase and sale agreement Inspection contingency Inspection Title 417

Housing Wire

NOVEMBER 5, 2024

As an example of initiatives included in the new plan, the lender announced this week a joint venture agreement with Smith Douglas Homes , a top 50 homebuilder with a solid book of business in Southern states. Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. Origination volume was $6.7

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Purchase and sale agreement Equity Loan Officer Principal 388

Housing Wire

MAY 21, 2025

From the interest rate environment and inflation to the commission lawsuits and the business practice changes stemming from the National Association of Realtors ‘ (NAR) settlement agreement , it has been quite a ride. First it was COVID , then it was interest rates, and it has been inventory for a very long time.

Industrial 399

Industrial Purchase and sale agreement Agents Branding 399

Housing Wire

NOVEMBER 15, 2024

NAR’s settlement agreement — which closed a number of antitrust class-action lawsuits against NAR and major brokerages for allegedly inflating Realtor commissions, and is pending final approval this month — outlines 13 practice changes required of NAR-affiliated MLSs. While LDC doesn’t make a photo compliance tool, MLSs can purchase Restb.ai

MLS 417

MLS Purchase and sale agreement Technology Agents 417

Housing Wire

FEBRUARY 11, 2025

This agreement is really a great win-win, Zillow CEO Jeremy Wacksman said on the earnings call. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. The deal has a five-year term with two options to extend it by two years.

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Purchase and sale agreement Loan Officer Loans Finance 324

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. In Florida, Tom Baker — the district sales manager of The Keyes Co.’

Purchase and sale agreement 451

Purchase and sale agreement Agents Sales Closing 451

Housing Wire

NOVEMBER 12, 2024

This is helping improve purchase affordability and opening up refinancing opportunities to lower monthly payments, plus housing inventory has increased from 3.4 Gain-on-sale margins for Q3 2024 were 278 basis points, a decrease from 299 bps in the previous quarter but nearly unchanged from 276 bps in Q3 2023. months to 4.3

Purchase and sale agreement 388

Purchase and sale agreement Mortgages Principal Loans 388

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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Purchase and sale agreement Sales Closing costs Closing 430

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The post Fannie Mae finalizes first nonperforming loan sale of the year appeared first on HousingWire. BofA Securities Inc.

Loans 388

Loans Purchase and sale agreement Sales Principal 388

Housing Wire

JUNE 14, 2022

Fannie Mae has chosen the winning bidder for its inaugural nonperforming loan sale of 2022, a deal involving 3,223 loans with an unpaid principal balance of $477.2 The transaction, which represents Fannie Mae’s first nonperforming loans sale this year, is slated to close July 27. Terms of the sale were not disclosed.

Loans 370

Loans Purchase and sale agreement Sales Principal 370

Housing Wire

MARCH 7, 2022

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 For example, purchasing an NFT of a JPEG of a painting transfers the intellectual property rights of the painting. But Ethereum was the first with a blockchain that enabled NFT sales. That’s when a 70-year-old brick home in the St.

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Sales Purchase and sale agreement Title Inspection 493

Housing Wire

AUGUST 13, 2024

According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , which will soon be required by the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement.

Purchase and sale agreement 468

Purchase and sale agreement Agents Brokerage Industrial 468

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

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Purchase and sale agreement Agents Closing Brokerage 482

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

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Purchase and sale agreement MLS Agents Brokerage 430

Housing Wire

DECEMBER 27, 2024

The Specialized Team Every team members role is based on their strengths agents specialize in either listings or sales, while support staff focuses on marketing or transactional details. These roles include: Buyers agents: These agents focus on helping clients purchase a new home. Take your time and review the document thoroughly.

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Purchase and sale agreement Branding Agents Closing 403

Housing Wire

AUGUST 10, 2022

Rising interest rates have crimped loan production for virtually all mortgage lenders as more and more borrowers are forced to forestall home purchases or have no incentive to refinance. The sale of MSRs does not directly impact earnings as a revenue stream, given the MSRs are already accounted for as assets on the balance sheet.

Sales 403

Sales Purchase and sale agreement Loans Mortgages 403

Housing Wire

JUNE 24, 2025

Bridge loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. Some buyers can’t compete without first selling, missing opportunities to purchase a home. It also adds to ONE+ , which requires borrowers to make a 1% down payment of the purchase price.

Loans 204

Loans Purchase and sale agreement Equity Closing costs 204

Housing Wire

MARCH 25, 2025

A 2015 study published by the American Economic Association found that real estate agents who purchased homes for themselves paid approximately 4% less than the prices their clients paid. Here, as well, the harder and smarter the buyers agent negotiates on behalf of her client, the less she gets paid at closing.

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Agents Title Closing Sales 361

Housing Wire

MARCH 12, 2024

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

Purchase and sale agreement 453

Purchase and sale agreement Brokerage Agents Closing 453