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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In the NAR’s $418 million settlement in the Sitzer/Burnett commission lawsuit, the trade group agreed to protect all brokerages with sales volume at $2 billion or less in 2022. billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers. The Real Brokerage closed $14.4

Brokerage 369
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What LOs need to know about using ChatGPT

Housing Wire

The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. ChatGPT was launched in November 2022 by OpenAI. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet.

Tools 347
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement. It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training.

Brokerage 378
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Longbridge Financial marks two years of national field sales

Housing Wire

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

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CRMLS releases REcenterhub dashboard

Housing Wire

After being available as part of the REcenterhub ecosystem since 2022, it has now become the default dashboard for CRMLS’ user base of more than 110,000 real estate professionals. It’s an incredibly beneficial tool that’s easy-to-learn and more powerful than previous dashboards.”

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It’s prime time to audit tech stacks for success

Housing Wire

The good news is that the last two quarters have shown steady improvement from Q4 2022. This list should also be compared to accounting records to ensure that all tech is accounted for while verifying the current spend on each tool.

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Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

It is also training machine learning models to get better at responding to users’ queries in “human-like sentences.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement.

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