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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “The definition of market value.” ” “How value is derived.”

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RESPA enforcement is back — are you ready?

Housing Wire

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. This should be part of the cost of your doing business – compliance and risk monitoring for these types of things.

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It is Good Business to Drop an Onion Ring in Your Fries!

Cleveland Appraisal Blog

I think one of the easiest ways is with business cards. Leaving a business card with those we meet, in a professional setting, can be beneficial in several ways. I think it’s just the professional thing to do, and I always appreciating receiving business cards from other professionals. . What should go on a business card?

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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

If multiple offers come in, the parties can get into a bidding war, driving the price up beyond what the market typically sustains. One excellent resource is local real estate agents. Pressure to Appraise at Buying Cost When buyers enter bidding wars, the market value might not align with the property’s cost.

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Joint ventures between title firms and real estate companies are under the microscope

Housing Wire

It was the genesis of a several things, Campbell said, but primarily that real estate brokers and lenders in Pennsylvania were looking for a more effective way to control the process of buying and selling homes. Things went wrong more often when using unfamiliar title and escrow companies, Campbell and his business partners reasoned.

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.