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Q4 BrokerPulse: Commission lawsuits spur proactive changes for real estate brokers

Housing Wire

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model.

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New program puts Black real estate agents at forefront

Housing Wire

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. Black Americans represent less than 6% of all real estate professionals in the U.S.,

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ICE, DocMagic team up to offer closing technology

Housing Wire

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. ICE also acquired Simplifile in 2019 for $335 million. Digital mortgage platform DocMagic Inc.

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A record year for real estate brokerage firms

Housing Wire

The 2021 real estate market was one for the ages: record low interest rates and housing inventory gave way to record high home prices and sales. RealTrends has been the undisputed leader in the ranking of real estate brokerage firms, agents and teams. and sales volume. Agents with RT500 firms had an average of 7.9

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Recruiters turn to AI in their quest to lure top agents

Housing Wire

Agents are the lifeblood of real estate brokerages. While real estate brokerages have no control over interest rates, transaction levels or home sales prices, they realize that proactive recruiting of agents is a key to success in a slow market. When labeled training data is not available (i.e.,

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Clario Appraisal Partners With Dod Skillbridge Program

Appraisal Buzz

Through the partnership with SkillBridge, Clario’s training program will upskill and employ 35 active service members transitioning to civilian life in the next 12 months. To apply for the training program, visit this website. We specialize in real estate valuations for the mortgage lending and financial services industries.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.