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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Wells Fargo “failed to pay plaintiff and class members for all hours worked, including but not limited to, mandatory meetings, loan processing, training and coaching sessions, loan tracking, customer surveys, attending open houses, attending events and galas, and working on certain nights or weekends,” Kang’s complaint, filed in 2017, said.

Legal 466
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Recruiters turn to AI in their quest to lure top agents

Housing Wire

If agents don’t bring in new recruits directly, a third-party source such as an existing client or a business partner might inspire an agent to join a brokerage. In 2016, Robert Keefe pioneered this niche with Relitix , paving the way for a new wave of innovative companies in the sector. It’s not perfect.

Agents 421
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. They were trying to capitalize on the refinance boom,” said Cullen Gandy, a classically trained opera singer who had been hired as an LO at Interfirst and left in July. “I

Mortgage 370
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Sarah Hatch Promoted to Vice President of Relocation

Lamacchia Realty

I know that Sarah will thrive in this new role and continue to develop the department, our relationships with other companies, and our agent training. I'm excited to spearhead our relocation efforts at an even higher-level, build meaningful relationships, and ensure seamless transitions for all our clients.” Congratulations Sarah!”

Clients 74
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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

To learn more about Amy, click HERE Her history of service includes: STATE ASSOCIATION MAR EXECUTIVE COMMITTEE: 2016, 2017, 2018, 2020, 2021, 2022 MAR DIRECTOR AT LARGE: 2018, 2019, 2020 NORTHERN REGION VICE PRESIDENT: 2016, 2017, 2022 MAR GOVERNMENT AFFAIRS COMMITTEE: 2018 (Vice Chair), 2019 & 2020 (Chair), 2021 MAR FINANCE COMMITTEE: 2020, 2022 (..)

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray.

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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He became a top-producing real estate agent in the area and in 1991 became the manager of the largest office for Prudential Long Island Realty , training agents throughout the East Coast markets. In 2016, Harney sold KCM to his son and daughter-in-law, Bill and Charlotte Harney, although he remained active as a founder.