Housing Wire

APRIL 1, 2024

We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Burnett said. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

Finance 397

Finance Investing Real Estate Agent Real Estate 397

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 396

Real Estate Agent Real Estate Agents Loan Officers 396

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

Real Estate Agent 425

Real Estate Agent Sellers Buyers Agents 425

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether?

Agents 407

Agents Buyers Real Estate Agent Loan Officers 407

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

Real Estate Agent 456

Real Estate Agent Agents Real Estate Buyers 456

Housing Wire

FEBRUARY 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. HW: What steps in the real estate transaction could benefit from further digitalization?

Real Estate Agent 300

Real Estate Agent Real Estate Agents Loan Officers 300

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 386

Sellers Buyers Agents Real Estate Agent 386

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” It is not required for a seller to compensate a buyer’s agent.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 395

Real Estate Agent Real Estate Sellers Buyers 395

Housing Wire

MAY 17, 2024

In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 348

Lending Real Estate Agent Contracts Government 348

Housing Wire

JANUARY 12, 2024

To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. But a lot of sellers are worried about finding their next house because even though listings are rising, there’s still a housing shortage. in mid-2022. In the third quarter of 2023, 88.5%

Real Estate Agent 463

Real Estate Agent Sellers Inventory Mortgage 463

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Build strong relationships with lenders and mortgage professionals.

Real Estate 430

Real Estate Agents Marketing Sellers 430

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. VA loans are probably the best loans on the market.

Buyers 441

Buyers Real Estate Agent Inventory Real Estate 441

Housing Wire

MARCH 5, 2024

While the suit pertains to homebuyers and not sellers, the issue of real estate agent compensation is central to the suit. In the complaint, the plaintiffs argue that they as homebuyers paid too much to purchase their homes; they allege they were unable to negotiate the compensation paid to their agent.

Real Estate 380

Real Estate Real Estate Agent Sellers Realtors 380

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 391

Agents Buyers Real Estate Agent Mortgage 391

Housing Wire

SEPTEMBER 19, 2023

Appraisals are required for homes financed with any type of mortgage. This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal. The report is submitted to the lender, the buyer and the seller — when requested.

Real Estate 441

Real Estate Appraisal Agents Inspection 441

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. The plaintiffs also take issue with the buyer’s alleged inability to negotiate their agent’s commission.

Real Estate 438

Real Estate Real Estate Agent Sellers Realty 438

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. The copycat commission lawsuit was filed on Friday in U.S.

Real Estate 407

Real Estate Realtors Realty Brokerage 407

Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

Home Improvement 390

Home Improvement Realtors Real Estate Agent Inspection 390

Housing Wire

NOVEMBER 15, 2023

Borrowers with temporary rate buydowns funded by a seller, builder or lender pay a lower mortgage rate during the initial period of their loans, and the borrower’s reduced monthly payments are subsidized with money deposited into an escrow account.

Appraisal 396

Appraisal Real Estate Agent Sellers Government 396

Housing Wire

OCTOBER 27, 2023

Real estate commissions always have fluctuated given the market conditions and, according to RealTrends , commission rates are currently well below where they were in the ‘90s. Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

Realtors 511

Realtors Brokerage Realty Real Estate 511

Housing Wire

JANUARY 11, 2024

Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In

Real Estate 397

Real Estate Sellers Real Estate Agent Agents 397

McKissock

AUGUST 24, 2022

To answer that question, we connected with some seasoned pros and asked them to help us identify the best technology for real estate agents. Because we have so many clients, listings, and tasks to handle, my team of agents and I rely on Trello. What do you think is the best technology for real estate agents?

Real Estate Agent 58

Real Estate Agent Real Estate Technology Agents 58

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. “Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.”

Realtors 423

Realtors Real Estate Agent Real Estate Sellers 423

Housing Wire

FEBRUARY 4, 2021

More for Real Estate Enthusiasts. Need a real estate agent? Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer. Work with an experienced agent. Having a great real estate agent can give you the upper hand in a seller’s market.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

MAY 25, 2023

Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Why is this market underserved?

Loan Officers 387

Loan Officers Real Estate Agent Real Estate Finance 387

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” million real estate license holders, many handle only one or two transactions a year. Of the approximately 1.5

Agents 360

Agents Real Estate Contracts Real Estate Agent 360

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

Housing Market 510

Housing Market Marketing Real Estate Agent Real Estate 510

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 421

Brokerage Realty Real Estate Agent Real Estate 421

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

Real Estate Agent 421

Real Estate Agent Real Estate Brokerage Agents 421

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. Lead generation ranked as the third biggest hurdle at 15.5%

Mortgage 328

Mortgage Marketing Loan Officers Real Estate Agent 328

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. How much is a part-time real estate agent salary?

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.”

Real Estate Agent 434

Real Estate Agent Real Estate Realtors Agents 434