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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

Training 371
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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. They are staying busy relative to the market,” said Michael Ullmann, producing branch leader at Movement Mortgage.

Business 403
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Brokerage leaders adjusting to commission changes: Q2 BrokerPulse

Housing Wire

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. However, many shared the sentiments of this Florida-based teamerage leader, “I’m not sold on the flat-fee business model for buyers.

Brokerage 341
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CFPB, senators pledge to look at house-flipping business practices

Housing Wire

While we regret any transaction in which we fall short of our high standards, we must view these instances within the larger context of the nearly 150,000 seller experiences we have provided during our nearly 30-year history,” the response said in part. “We A duo of bipartisan U.S.

Business 320
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. An independent contractor agent mostly finds their own leads and can receive minimal training or resources from their brokerage. They provided me training, and marketing, and covered mileage.”. Trust the process.

Business 361
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RE/MAX to lean on high agent productivity during turbulent times

Housing Wire

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. agent count.

Agents 325
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Reverse mortgage veteran offers advice for bringing new partners aboard

Housing Wire

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. After learning about his path into the business , RMD sat down with Schmidt to learn more about his approach for enlisting new partners at FAR and across the wider industry. The response was swift.

Mortgage 316