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NAR: 31% of Realtors say they feel unsafe at open houses

Housing Wire

According to the report, 31% of Realtors said they feel unsafe during an open house or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property. Realtors also have to contend with the people they allow into house. Those fears are not unfounded.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

House-hacking is a great way to build wealth and pay down your mortgage. In late 2023, the Federal Reserve reported that between 2019 and 2022, the median net worth of a homeowner had grown to reach $396,200 versus $10,400 for renters and other non-homeowners; and that homeowners’ average net worth had grown to $1.5

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Study: Real estate firms thrive on repeat and referral business

Housing Wire

On the flip side, interest generated from traditional open houses declined from 2018, according to the National Association of Realtors ’ 2021 Profile of Real Estate Firms. In 2018, 1% of surveyed brokerages said their business came from open houses. Closed sides were up 15.8% When compared to the 5.6%

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Are Open Houses Worth It?

Eppraisal

Historically, open houses have been a marketing staple for listing agents. Open houses can be an effective tool in a buyer's real estate market. In this age of technology, most buyers search online for homes rather than driving around on the weekends looking at open houses.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

When an agent sees this effort, they will be more likely to send buyers, refer the loan officer to other agents through word of mouth, and even pick up some clients at an open house. More than 20 of his LOs produced at least $1 million in volume during the opening month of this year and 10 of them topped $2 million.

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Gerry Bourgeois Promoted to Senior Advisor to CEO and COO

Lamacchia Realty

Gerry initially joined Lamacchia Realty as a REALTOR ® in early 2019. During his time as an agent, Gerry held various accomplishments including qualifying for the 2019 and 2020 President’s Club , receiving the innovation award in 2019, and was a consistent top producer in the Leominster Office and across the company.

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