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DOJ announces $9M settlement with Washington Trust Company in redlining case

Housing Wire

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. It will also spend $1 million in partnerships and $1 million in advertising. The settlement does not include any civil monetary penalties.

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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

During these meetings, you can explore how agents might better utilize the brokerage’s resources — be it marketing support, technology tools or training modules — to maximize their independent initiatives. For a newer agent, discussions may focus more on training and basic sales techniques.

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5 activities real estate agents should do every morning

Housing Wire

Invest in continuing education: Get up to date on the latest trends, regulations, and technologies in the real estate industry by investing in ongoing education and training. Attend training workshops, webinars, and conferences to acquire new skills and knowledge that can help you stay ahead of the competition.

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7 money moves to make now for a prosperous 2024

Housing Wire

Think carefully about what goals you want to achieve in the coming year, such as prospecting targets, advertising, closings and taking time off. Here are a few to consider: Education: Costs for continuing education , training, books and conferences. Consider coordinating your objectives with your brokerage so you’re aligned.

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10 ways to use virtual reality technology in your real estate business

Housing Wire

VR training of agents Real estate firms are increasingly adopting VR to provide their agents with immersive and interactive learning experiences. VR will also allow agents to complete safety and compliance training. Compass, a technology-driven real estate firm, incorporates virtual staging as part of its offerings.

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Fed watchdog: Fair Housing Act, ECOA must evolve with realities of A.I.

Housing Wire

Use of machine learning or other artificial intelligence may perpetuate or even amplify bias or inaccuracies inherent in the data used to train the system or make incorrect predictions if that data set is incomplete or nonrepresentative.

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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Final thoughts In the end, it all boils down to awareness and training.

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