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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

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5 best Arizona real estate schools for 2024

Housing Wire

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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Why the US MLS system is the envy of other countries

Housing Wire

Solicitors are legally required when purchasing a home in Ireland.). They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

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ALTA shakes up leadership team with staff promotions

Housing Wire

This year, he has also been driving ALTA’s internal legal efforts regarding the SECURE Notarization Act while overseeing the Title Insurance Political Action Committee and its regulatory efforts. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry.

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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

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Best real estate continuing education schools for quick and easy license renewal in 2024

Housing Wire

The CE Shop’s real estate continuing education topics may include tax deferred exchanges, real estate finance, USDA rural loans or real estate advertising compliance. For example, Texas agents can choose from the Legal Update Bundle (just the mandatory courses) or the 18-hour Bundle (mandatory courses plus electives).

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. They will also take into account any upgrades or amenities, as well as how maintained the home is.