Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

Buyers 351

Buyers Realtors Real Estate Sellers 351

Housing Wire

JANUARY 25, 2023

Buyers who qualify in these metro areas can use the assistance to purchase a house anywhere in the U.S., The platform provides a secure way to upload sensitive documents and automates underwriting. First-time homebuyers in Atlanta, Baltimore, Chicago, Detroit, Memphis, and Philadelphia currently have access to this program.

Buyers 367

Buyers Contracts Insurance Mortgage 367

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. It’s important the buyer asks how the closing/settlement will be handled.

Insurance 489

Insurance Real Estate Buyers Real Estate Agent 489

Housing Wire

MAY 22, 2024

Investors can upload properties, add photos, set reserve prices, manage bids and offers, and sign sales documents directly through the portal. That’s the reason we are constantly optimizing our platform — to meet buyers and sellers not only where they are, but where they want to be.”

Agents 445

Agents Real Estate Agent Investors Real Estate 445

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 344

Real Estate Legal Sellers Buyers 344

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 345

HOA Real Estate Technology Investors 345

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

Sellers 359

Sellers Buyers Agents Real Estate Agent 359

Housing Wire

MAY 6, 2024

In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 As the only U.S.

Brokerage 401

Brokerage Realty Real Estate Agents 401

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases, and even the closing itself, as RON and digital closings gain adoption rapidly.

HOA 408

HOA Property Management Real Estate Agent Technology 408

Appraisal Buzz

MAY 3, 2024

From the same five-minute scan that CubiCasa’s worldwide user base is already familiar with, users can now generate detailed property data via The Home Report, and helpful imagery for property documentation purposes via Snapshots. The feature also simplifies MLS data entry with easy-to-copy room measurements and important property details.

Open Houses 195

Open Houses Inspection Sellers Buyers 195

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Technology 255

Technology Tools Buyers Sellers 255

Housing Wire

FEBRUARY 23, 2024

Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents.

Real Estate 409

Real Estate Real Estate Agent Training Tools 409

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

MARCH 25, 2024

They noted that NAR’s settlement prohibits disclosing offers of cooperative compensation, broker compensation or total broker compensation, but it does not address including remarks noting that buyer agent compensation will not be offered. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 378

Agents Advertising Real Estate Buyers 378

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

MARCH 8, 2023

Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide.

Appraisal 352

Appraisal Mortgage Buyers Government 352

Housing Wire

MAY 8, 2024

But in court documents filed last week, Anywhere revealed that they had “insisted that the people in the Settlement Class release all their antitrust claims arising from the same alleged conspiracy, including claims they could assert as either sellers or buyers.”

Sellers 299

Sellers Realtors Brokerage Buyers 299

Housing Wire

MAY 18, 2023

.” Smart Underwrite empowers lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received. Realtors also benefit from representing clients who possess full approval and can compete with cash buyers.

Real Estate Agent 382

Real Estate Agent Technology Real Estate Realtors 382

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

Home Improvement 371

Home Improvement Realtors Real Estate Agent Inspection 371

Housing Wire

MAY 21, 2024

In a document filed on Monday afternoon, attorneys for NAR called the court’s decisions full of “far-reaching and exceptionally important” errors. The settlement proposed at the time included requirements for NAR to boost transparency about broker commissions and to stop misrepresenting that buyer broker services are free.

Government 349

Government Contracts Realtors Law 349

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. It is critical that title professionals and our industry partners spread awareness about this type of fraud and educate buyers about the steps they should take to protect themselves.

Sellers 367

Sellers Real Estate Agent Real Estate Insurance 367

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

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Inspection Sellers Buyers Agents 70

Will Springer Realtor

MAY 2, 2023

Home buyers are consumers. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement.

Contracts 55

Contracts Buyers HOA Inspection 55

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. The agency term of 12 months will be the standard but buyers can agree to any length in writing.

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Law Buyers Sellers Real Estate 62

Housing Wire

MAY 7, 2024

Additionally, Redfin is deploying buyer agreements nationwide through its Sign & Save program, while emphasizing agent-led tours through All You Can Meet. Kelman also highlighted the launch of Ask Redfin, an AI-powered virtual assistant to help buyers quickly find information about for-sale homes.

Marketing 325

Marketing Brokerage Advertising Agents 325

Housing Wire

MARCH 5, 2024

In a document filed on Monday with U.S. The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. In her ruling Wood $5.36

Real Estate 353

Real Estate Real Estate Agent Sellers Realtors 353

Housing Wire

NOVEMBER 22, 2023

Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases and even the closing itself, as RON and digital closings gain adoption rapidly. A document might be needed closer to the closing date or as soon as a few days after the start of the process.

HOA 395

HOA Real Estate Agent Technology Real Estate 395

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Buyers 409

Buyers Agents Realtors Sellers 409

Realtor

OCTOBER 29, 2020

When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected.

Buyers 208

Buyers Inspection Contracts Real Estate Agent 208

Housing Wire

MARCH 1, 2022

For lenders looking to gain an edge in performance and appeal to a wider range of buyers, offering eClosings is a good place to start. A “full” eClosing is a complete electronic closing of all loan documents, including online notarizations and eNotes. What is an eClosing? An eClosing is an online or digital mortgage closing.

Technology 338

Technology Clients Agents Buyers 338

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Enabling bulk trading, which allows platform users to sell closed loan pools to one or more buyers in a single transaction.

Marketing 326

Marketing Investors Design Lending 326

Housing Wire

DECEMBER 27, 2023

In addition, the title firm filed a document with the Securities and Exchange Commission last Friday, stating that it was “working diligently” to restore systems it had taken offline, but could not estimate “the duration or extent of the disruption at this time.” No new updates or filings have been shared since last Friday.

Sellers 488

Sellers Insurance Valuation Clients 488

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. Ketchmark is expected to rest the plaintiffs’ case by the end of the day Monday.

Legal 336

Legal Training Real Estate Realtors 336

Housing Wire

OCTOBER 16, 2023

Here’s what they had to say: Value Proposition : There’s a recurring theme of agents needing to articulate their value proposition, especially when it comes to representing buyers. This includes understanding the value they provide, how to articulate this value to clients, and how to use buyer-broker agreements.

Real Estate 332

Real Estate Brokerage Training Agents 332

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Top 10 ways to get homebuyers to work with you 1.

Clients 383

Clients Real Estate Inspection Buyers 383

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Launched in September 2023, the company secured $1.25

Mortgage 389

Mortgage Buyers Agents Real Estate Agent 389

Housing Wire

MAY 9, 2024

Most of this information typically would be provided in a Plan of Allocation, a document routinely provided before the opt-out date.” In a document filed on Wednesday, the Spring Way Center, supported the South Carolina objector’s motion, writing that it was objecting to the “fairness and adequacy” of Anywhere’s settlement amount.

Brokerage 378

Brokerage Realty Sellers Real Estate 378