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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? Logan Mohtashami: Regarding inventory, we had a slow train wreck happening for years, and I can explain in more detail. This Q&A was originally hosted on June 1st.

Training 387
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A record year for real estate brokerage firms

Housing Wire

The 2021 real estate market was one for the ages: record low interest rates and housing inventory gave way to record high home prices and sales. Agents with RT500 firms had an average of 7.9 transactions per agent. The average number of agents per RT500 firm was 1,138, up from 1,025 last year. and sales volume.

Brokerage 291
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Knock reverses course on loan officer pay cut

Housing Wire

The revised plan would appear similar to the scrapped pay reduction in one respect – a focus on repeat business from Knock’s network of real estate agents. Founded in 2014 by Black, a founding member of real estate listings site Trulia , Knock helps consumers bid on a new home by fronting a cash offer.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. It is high-volume work,” Alipour recalled.

Business 359
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Pricing exceptions are widespread in mortgage — and so are the regulatory risks

Housing Wire

“Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. Mike did not hesitate: “I did more pricing exceptions for the real estate agent,” he said in an interview on the day of the loan closings. She’s well educated. It’s not without risk.

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The Real Brokerage looks to build on 2023’s explosive growth

Housing Wire

We have this idea that we call ‘One Real,’ which is that there are no silos, and it creates an even collaboration field.” According to Srivatsaa, this means that trainings and resources brought in by one team leader or broker are available to all agents at the firm. It has also fostered collaboration, Srivatsaa said.

Brokerage 450