Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 452

Housing Wire

OCTOBER 3, 2023

HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership.

Agents 417

Agents Buyers Real Estate Agent Real Estate 417

Housing Wire

NOVEMBER 3, 2023

When it comes to marketing your real estate business, video is king. Here are 13 video marketing best practices for your real estate business. Videos for your real estate business are no different. Add virtual walkthroughs Record and post virtual walkthroughs for potential buyers.

Real Estate 545

Real Estate Business Marketing Real Estate Agent 545

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 501

Real Estate Buyers Renovations Open Houses 501

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same. Be a matchmaker.

Clients 427

Clients Buyers Real Estate Agent Real Estate 427

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 407

Real Estate Buyers Tools Real Estate Agent 407

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. In addition, RE/MAX agreed to make certain changes to its business practices.”

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Buyers Realtors Agents Real Estate 487

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Demand for existing homes — including REO assets — outpaces the available supply.

Business 406

Business Marketing Real Estate Legal 406

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. The following list of ten ways to use VR in real estate could forever change the way you do business.

Real Estate 365

Real Estate Technology Business Real Estate Agent 365

Housing Wire

MAY 30, 2023

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. We are fully committed to our lending business, which supports independent mortgage originators,” UBS spokesperson Erica Chase told Bloomberg in an email.

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Business Mortgage Finance Design 395

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

Buyers 370

Buyers Clients Sellers Realtors 370

Housing Wire

SEPTEMBER 8, 2022

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.

Business 427

Business Marketing Technology Tools 427

Housing Wire

OCTOBER 25, 2023

Buyers that did manage to purchase homes made higher down payments as home-price growth remained stubbornly elevated in Q3, according to a new report from LenderLogix. With housing affordability being challenged in a higher mortgage rate environment, fewer homebuyers jumped into the market in the third quarter.

Buyers 427

Buyers Marketing Loan Officers Mortgage 427

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

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Buyers Agents Loan Officers Real Estate 395

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer.

Buyers 417

Buyers Loan Officers Real Estate Agent Agents 417

Housing Wire

JUNE 19, 2023

This has created a competitive market where buyers are struggling to find suitable properties, leading to increased competition and few bargains. It is crucial to focus on capturing the business that exists in this market in the near term while also planting seeds with clients that will yield long-term rewards.

Real Estate 369

Real Estate Business Clients Client Relationships 369

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 469

Buyers Marketing Sellers Loan Officers 469

Lamacchia Realty

MARCH 25, 2024

March 22, 2024 – The International Business Journal published an article highlighting Anthony Lamacchia and how he has come to the front lines to advocate for the real estate industry throughout the ongoing Buyer Commission lawsuit that the National Association of REALTORS® has been battling for months.

Buyers 57

Buyers Business Realtors Government 57

Housing Wire

SEPTEMBER 5, 2023

Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? Here are 11 tips to make these workshops more effective. They cross-promote the event.

Real Estate 417

Real Estate Sellers Buyers Clients 417

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. Referral business has been a hit-or-miss proposition for many professional loan originators in the past.

Business 415

Business Loan Officers Real Estate Agent Real Estate 415

Housing Wire

FEBRUARY 10, 2023

Black Knight has decided to sell its loan origination software business Empower in a bid to save the $13 billion deal with Intercontinental Exchange Inc (ICE), Reuters reported , citing sources familiar with the matter. Black Knight also declined to comment on rumors or speculation about its business.

Business 370

Business Technology Mortgage Marketing 370

Housing Wire

MARCH 22, 2021

As with growing any new business, there are risks – but there are also rewards in the form of more opportunity for favorable pricing, access to loan products and the ability to be known as the lender. JH: We’ve taken a slow, methodical and purposeful approach to the non-delegated business.

Business 492

Business Lending Investors Sellers 492

Housing Wire

JULY 26, 2023

Regarding its subservicing business, Mr. Cooper is in the process of launching an MSR Fund. The company’s servicing portfolio ended the second quarter with a pretax operating income of $182 million, compared to $157 million in the previous quarter. ” Mr.

Business 370

Business Sellers Mortgage Marketing 370

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

Buyers 370

Buyers Lending Mortgage Finance 370

Housing Wire

APRIL 13, 2021

“If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Either way, it puts the squeeze on property valuation.

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Real Estate News

MARCH 30, 2024

In just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.

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Agents Business Buyers 262

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. of all endorsements in 2021. And so, they know the local real estate agents. Dan Hultquist.

Business 370

Business Real Estate Agent Real Estate Loan Officers 370

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

APRIL 3, 2023

” Rocket says there are more than 20,000 partner agents through its Rocket Homes business. . ” Rocket says there are more than 20,000 partner agents through its Rocket Homes business. The Detroit-based lender is launching a number of products to boost its purchase business in a high-rate environment.

Agents 395

Agents Buyers Real Estate Agent Mortgage 395

Housing Wire

MARCH 1, 2023

Higher mortgage rates have zapped mortgage demand, as buyers are having second thoughts about purchasing homes. Some buyers who recently applied for a mortgage may hold off on purchasing until rates cool off again, Logan Mohtashami said in a recent column. At Mortgage Daily News , rates were even higher at 6.85%.

Housing Market 383

Housing Market Business Mortgage Marketing 383

Housing Wire

APRIL 22, 2021

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. ” Business-wise, tech companies are starting to come to Raleigh, Hennessey said, underlining the growth of the area. .

Buyers 427

Buyers Inventory Renovations Realty 427

Housing Wire

MAY 2, 2024

Training and production top challenges Training real estate agents on new business practices resulting from the NAR commission settlement is tops when it comes to brokerage challenges. My agents are well trained and prepared as we use a Buyer Broker Agreement and have buyers offset any [brokerage compensation] that the sellers do not pay.

Brokerage 417

Brokerage Training Real Estate Real Estate Agent 417

Housing Wire

APRIL 3, 2024

Analysts and industry experts attributed the differing stock performances to the business-model discrepancies between Zillow and Homes.com. Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents.

Real Estate 453

Real Estate Agents Buyers Business 453

Inman

NOVEMBER 16, 2023

NAR’s 2023 Profile of Home Buyers and Sellers has just been released, and it’s packed with insights that can help you take your business to the next level in 2024. According to trainer Bernice Ross, the most important insights concern your lead generation and lead conversion.

Sellers 157

Sellers Buyers Business Realtors 157

Housing Wire

FEBRUARY 14, 2022

Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. This is seen as clunky and even amateurish by many brokerage executives with a traditional business model. “To It was a good way to start my career.

Business 370

Business Brokerage Real Estate Agent Agents 370

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. The DOJ believes that by eliminating it, affordability will improve for all. That is highly unlikely.

Sellers 469

Sellers Real Estate Agents Buyers 469

Inman

SEPTEMBER 4, 2023

For real estate professionals specializing in the luxury segment, working with buyers overseas is an important part of our business — but it can also be challenging. Real estate practices can vary vastly between countries, and differences in customs, culture, language, and law can complicate the process even more.

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Buyers Law Real Estate Business 182