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Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit.

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CFPB fines Freedom Mortgage and Realty Connect nearly $2 million for illegal kickbacks

Housing Wire

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. million fine.

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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And in 2017, I decided to go on full-time as a lead agent.”. Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. These employee agents are exceedingly more productive than the average independent contractor agent. Redfin CEO Glenn Kelman.

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Drama in the Myrtle Beach real estate scene

Housing Wire

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

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Fannie Mae and NAR at odds over flood-risk disclosures

Housing Wire

billion, despite Congress having canceled $16 billion in debt in October 2017. Both NAR and Fannie Mae seek a policy that requires more disclosure – especially amid a real estate or mortgage transaction – about a home’s flood history and future risk assessment. Two of the most powerful U.S.

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Mauricio Umansky discusses his new NAR alternative

Housing Wire

In 2017, the broker, along with David Barnes, James Harris and Christopher Dyson, founded The PLS.com , a national home listing site. I think there has been a disappointment and disgust among real estate agents for many, many years now, with the National Association of Realtors in what they advocate and do for us.

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