Fri.Jul 26, 2024

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Payload launches payment and billing tool for buyer agents

Housing Wire

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsu it settlement agreement , and the potential changes to buyer agent compensation.

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Move and CoStar exchange barbs in trade secrets case

Real Estate News

The former Realtor.com employee at the heart of the case responded to the accusations, while lawyers for both companies complained of leaks and delays.

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Buyer agent representation: Why it matters and how you can help

Housing Wire

Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?), you know the real estate industry has had quite a roller coaster ride in 2024. Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and non-stop news coverage, one major question has emerged: What is buyer representation and why does it matter?

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Tech Bytes: Compliance drives VestaPlus, ListAssist deals

Real Estate News

San Diego MLS adds Checkmate from VestaPlus, which is also teaming up with ListAssist to expand reach; CoreLogic launches new OneHomeowner portal.

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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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Connecticut Senator asks HUD for answers on backlog of discrimination complaints

Housing Wire

Richard Blumenthal, the senior U.S. senator from Connecticut , sent a letter last week to Acting U.S. Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed. The letter, first reported by local Connecticut outlet CT Insider , describes the lag in investigations related to such complaints that impact prospective homeowners and renters both within the state and nationwide,

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Home Staging 101: What is Staging and Is it Necessary for Selling Your Home?

HomeLight

Home staging is much more than just a real estate industry buzzword — it’s an essential strategy that can dramatically influence a buyer’s first impression, the sale price of a home, and how quickly it sells. HomeLight’s Summer 2023 Top Agent Insights Report estimates that professional staging can add an average of $8,300 to the resale value of a home.

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What Does the Title Company Have to Do with Your Home Sale?

HomeLight

A title company wears a lot of hats over the course of a home sale. Oftentimes, the title company involved must undertake extraordinary work to address title issues that can go back 50 years or more. Depending on the state, title companies also issue insurance, hold onto funds and paperwork in escrow, and serve as closing agents. Find an Agent to Help You Navigate the Paperwork Selling real estate is a complex task.

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HousingWire Pulse: Respondents show cautious optimism about the Q3 housing market

Housing Wire

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months. Real estate agents have mixed outlook Agents exhibit a mixed but hopeful outlook, with nearly 29% anticipating a rise in home sales and 18% expecting a decline, l

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Big brand marketing platform SOCi is the latest to join MoxiCloud

Inman

Real estate software company MoxiWorks has been building its 150-plus member MoxiCloud network for years to help users solve challenges its products may not address. The latest to be selected is SOCi, a powerful online marketing solution.

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Compass welcomes top-producing Dallas team leader

Housing Wire

Compass ’ presence in the Dallas-Fort Worth metro area just got stronger. On Thursday, the Robert Reffkin -helmed firm announced that Bridgette Harrington was departing Rogers Healy & Associates for Compass. At Rogers Healy, Harrington led the Bridgette Harrington Group , a real estate team she will be restarting at Compass, according to the announcement.

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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.

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Will the Olympics ‘showcase effect’ draw American buyers to Paris?

Inman

The Games have not drawn as much international traffic as Paris anticipated, but the city's visibility may draw luxury clients hopping on the 'quiet luxury' trend that's swept real estate.

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US Senate committee approves full funding for Ginnie Mae

Housing Wire

The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. The committee voted 28-1 to approve the bill in its current form, which calls for $67 million for salaries and expenses related to the operations of the government-owned company.

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Citron founder Andrew Left charged with stock manipulation

Inman

A longtime thorn in Zillow's side, Left and his firm Citron Capital LLC face charges from the DOJ and SEC that they profited by taking positions in companies that were the opposite of what they told investors to do.

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Selling your home to a family member in 5 easy steps

Housing Wire

If handled correctly, selling your home to a family member can be a good way to help a loved one save money on a home and build wealth. However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Why is selling to a family member different?

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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EXp Realty taps healthcare exec to lead sustainability efforts

Inman

Former USANA Health exec Donald Cherry will now lead eXp Realty's sustainability efforts. Cherry is the fifth high-level hire or promotion eXp has made this year.

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FOA reverse stock split goes into effect, appears to have intended impact

Housing Wire

Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity. As of the close of trading on Friday — the day the reverse stock split went into effect — FOA’s share price jumped from $0.73 at the end of trading on Thursday to $7.19 per share the following morning, roughly corresponding

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3 challenges agents face when working with downsizing seniors

Inman

Trainer and new Inman contributor Nikki Buckelew writes that working with downsizing seniors requires a blend of empathy, patience and practical support.

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Consumer Sentiment Continues to Fall for Fifth Month Straight

RIS Media

Consumers continued to keep their economic hopes in check in July, as sentiment readings continue to slowly decrease. Consumer sentiment fell 2.6% in July, from 68.2 in June to 66.4, according to the University of Michigan’s latest report. This is the fifth straight month of decreases, with a 0.5% decrease in March, a 1.9% fall in… The post Consumer Sentiment Continues to Fall for Fifth Month Straight appeared first on RISMedia.

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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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Caveats, time-wasters, warnings: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

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Regional Spotlight: Maine and New Hampshire Outpace Fellow New England States

RIS Media

What region of the country is seeing the most booming real estate market? While the South seems to be the obvious answer currently—with lower taxes and booming industries a natural draw to homebuyers—data suggests 17 out of 20 Sun Belt states are actually overvalued, a tell that a market at least isn’t cold. Research by… The post Regional Spotlight: Maine and New Hampshire Outpace Fellow New England States appeared first on RISMedia.

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11 things great buyer’s agents know before they show a home

Inman

Working with buyers is changing. Are you ready? Jimmy Burgess offers the insight you need so you can prove your value as you serve buyer clients.

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Hudson Valley Creatives to Be Highlighted in Sixth Kingston Design Connection Showhouse

Brownstoner

An Ulster county property will be transformed by the work of Hudson Valley artists and designers this fall for the return of the Kingston Design Showhouse. On hiatus last year, the event is hosted by Kingston Design Connection, a network for Hudson Valley area creatives founded by designer Maryline Damour… Read More > The post Hudson Valley Creatives to Be Highlighted in Sixth Kingston Design Connection Showhouse appeared first on Brownstoner.

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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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Black homesellers get better offers with iBuyers, but there’s a catch

Inman

A University of Washington study revealed iBuyers give Black homeowners better offers than they receive on the open market. However, those offers potentially come with some longterm tradeoffs.

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Employee Caught in the Middle of CoStar/Realtor.com ‘Data-Theft’ Case Denies Wrongdoing

RIS Media

James Kaminsky, the former Realtor.com® and current CoStar Group employee in the middle of a data-theft lawsuit between two real estate portal giants, Realtor.com (owned by Move, Inc.) and CoStar’s Homes.com, on July 25 provided his side of the story in a court filing, writing that while he did access documents and information from Move,… The post Employee Caught in the Middle of CoStar/Realtor.com ‘Data-Theft’ Case Denies Wrongdoing appeared first on RISMedia.

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More than 10 million homesellers targeted in class-action media blitz

Inman

JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year.

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My Tenant Was Airbnbing Their Apartment Without Me Knowing. It Happens More Than You Think.

Bigger Pockets

Renting has its horror stories, and sometimes it gets out of control. Jeff gives us an inside look at what happened when one of his tenants rented out his property without him knowing, plus stories from other landlords.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Are You “Mortgage Ready” and Don’t Know It? 4 Obstacles That May Be Stopping You From Owning a Home

Lighter Side of Real Estate

CNBC reported that an estimated 7.9 million renters were actually “income mortgage ready” — meaning they were qualified and could have bought a home — according to an analysis of the 2022 American Community Survey by the U.S. Census Bureau. While some of those folks likely chose to rent instead of buying, many of them might not have been aware that they could qualify for a mortgage, and would have chosen to buy if they’d simply gotten pre-approved and knew they could.

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Personal Saving Rate Drops to Lowest Rate Since November 2022

Eye on Housing

Personal income inched up 0.2% in June, down from a 0.4% increase in the prior month, according to the most recent data release from the Bureau of Economic Analysis (BEA). Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the personal savings rate decreased to.

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Potential Rate Cut in September Still in Play After June Inflation Report

RIS Media

The personal consumption expenditures price index (PCE) increased 0.1% in June (slightly up from May’s 0% monthly change) and was up 2.5% from a year ago, according to estimates released by the U.S. Bureau of Economic Analysis on July 26, with the annual rate showing a slight decline from the prior month. The results bode… The post Potential Rate Cut in September Still in Play After June Inflation Report appeared first on RISMedia.

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Recruiting Insight Launches Talent Boost in Exciting Collaboration with MyBFF Social

Realty Biz

Seattle, WA July 26, 2024 – Recruiting Insight, a premier talent acquisition solutions provider for the real estate industry, is excited to announce the launch of Talent Boost, an innovative solution designed to supercharge talent acquisition efforts. Developed in partnership with MyBFFSocial, Talent Boost is poised to become an indispensable tool for real estate recruiters and mortgage operators.

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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.