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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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How JVM Lending plans to expand without any loan originators

Housing Wire

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 366
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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. The executive sees potential for the boutique lender to expand — especially as Revolution focuses on targeting the local and purchase markets.

Mortgage 405
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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.”. Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees.

Business 363
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Real estate teams beat brokerage firms in profitability

Housing Wire

“Back then, principal brokers who formed a company recruited agents to help them take care of referrals.”. Back in 2017, RealTrends partnered with the California Association of Realtors to study real estate teams. However, teams spent 18% of gross margin on advertising and marketing; while brokerages spent about 2.4%.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

Appraisal 318
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Lamacchia Realty Announces Top Producing REALTORS® for April 2024

Lamacchia Realty

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !