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Brokers prepare for changes after Sitzer/Burnett commission lawsuit verdict

Housing Wire

Pearson also has concerns about what this will now mean for how she and her agents handle client meetings or how to word things on open house fliers. “I I am working with an attorney to figure out how we are going to talk to people that come into open houses and what language we use on open house fliers,” Pearson said.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Neighbors can provide valuable, first-hand insight into the area without being bound by legal or professional standards. Whenever you are showing a property or meeting a buyer at an open house, be proactive in looking for neighbors walking by and introducing yourself and your buyers to them. Visit open houses.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

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9 tips for homebuyers in non-disclosure states

Housing Wire

Attend open houses and talk to other homeowners to get a sense of the market dynamics in the area. Get input from a qualified attorney Seek legal advice, especially when dealing with contractual matters. Online real estate platforms, local newspapers, and real estate blogs are valuable sources of information.

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16 real estate prospecting ideas, tips & tools for 2023

Housing Wire

Traditional prospecting involves more direct or physical methods like cold calling, door knocking, direct mail campaigns, and hosting open houses or community events. The letter should have a strong call to action, encouraging the recipient to contact you for a consultation or to attend an open house event.

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CFPB: lenders engaged in redlining, reported bad data

Housing Wire

In the lender’s direct marketing and open house materials, the models were white. Some mortgage servicers didn’t tell legal counsel to pull the plug on foreclosure proceedings until five days after they received a loss mitigation application from borrowers.