Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. It’s important the buyer asks how the closing/settlement will be handled.

Insurance 500

Insurance Real Estate Buyers Real Estate Agent 500

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 380

Real Estate Legal Sellers Buyers 380

Housing Wire

MAY 6, 2024

In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 As the only U.S.

Brokerage 458

Brokerage Realty Real Estate Agents 458

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

Sellers 416

Sellers Buyers Agents Real Estate Agent 416

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Technology 306

Technology Tools Buyers Sellers 306

Housing Wire

MAY 8, 2024

But in court documents filed last week, Anywhere revealed that they had “insisted that the people in the Settlement Class release all their antitrust claims arising from the same alleged conspiracy, including claims they could assert as either sellers or buyers.”

Sellers 357

Sellers Realtors Brokerage Buyers 357

Appraisal Buzz

MAY 3, 2024

From the same five-minute scan that CubiCasa’s worldwide user base is already familiar with, users can now generate detailed property data via The Home Report, and helpful imagery for property documentation purposes via Snapshots. The feature also simplifies MLS data entry with easy-to-copy room measurements and important property details.

Open Houses 195

Open Houses Inspection Sellers Buyers 195

Housing Wire

FEBRUARY 23, 2024

Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents.

Real Estate 440

Real Estate Real Estate Agent Training Tools 440

Housing Wire

MARCH 25, 2024

They noted that NAR’s settlement prohibits disclosing offers of cooperative compensation, broker compensation or total broker compensation, but it does not address including remarks noting that buyer agent compensation will not be offered. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 431

Agents Advertising Real Estate Buyers 431

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 432

Sellers Buyers Real Estate Contracts 432

Housing Wire

MAY 7, 2024

Additionally, Redfin is deploying buyer agreements nationwide through its Sign & Save program, while emphasizing agent-led tours through All You Can Meet. Kelman also highlighted the launch of Ask Redfin, an AI-powered virtual assistant to help buyers quickly find information about for-sale homes.

Marketing 384

Marketing Brokerage Advertising Agents 384

Housing Wire

MARCH 8, 2023

Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide.

Appraisal 382

Appraisal Mortgage Buyers Government 382

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

Buyers 65

Buyers Lending Insurance Mortgage 65

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

Home Improvement 407

Home Improvement Realtors Real Estate Agent Inspection 407

Housing Wire

MARCH 5, 2024

In a document filed on Monday with U.S. The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. In her ruling Wood $5.36

Real Estate 412

Real Estate Real Estate Agent Sellers Realtors 412

Housing Wire

OCTOBER 16, 2023

Here’s what they had to say: Value Proposition : There’s a recurring theme of agents needing to articulate their value proposition, especially when it comes to representing buyers. This includes understanding the value they provide, how to articulate this value to clients, and how to use buyer-broker agreements.

Real Estate 393

Real Estate Brokerage Training Agents 393

Housing Wire

MAY 18, 2023

.” Smart Underwrite empowers lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received. Realtors also benefit from representing clients who possess full approval and can compete with cash buyers.

Real Estate Agent 384

Real Estate Agent Technology Real Estate Realtors 384

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. Ketchmark is expected to rest the plaintiffs’ case by the end of the day Monday.

Legal 392

Legal Training Real Estate Realtors 392

Housing Wire

MARCH 1, 2022

For lenders looking to gain an edge in performance and appeal to a wider range of buyers, offering eClosings is a good place to start. A “full” eClosing is a complete electronic closing of all loan documents, including online notarizations and eNotes. What is an eClosing? An eClosing is an online or digital mortgage closing.

Technology 386

Technology Clients Agents Buyers 386

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents.

Real Estate 398

Real Estate Brokerage Agents Training 398

Housing Wire

MAY 25, 2023

The platform grants authorized parties secure access to order status, documents, and milestones, catering to the demands of clients and all transaction participants. The ClosingsLIVE app enables push notifications, directly alerting users when an order is shared, a milestone or document is updated, or an order is closed.

Realtors 352

Realtors Agents Clients Real Estate 352

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. Clean data vs. dirty data So what data should be clean? Once an offer is accepted, the full due diligence stage commences.

Real Estate 389

Real Estate Brokerage Valuation Contracts 389

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. It is critical that title professionals and our industry partners spread awareness about this type of fraud and educate buyers about the steps they should take to protect themselves.

Sellers 370

Sellers Real Estate Agent Real Estate Insurance 370

Housing Wire

JANUARY 29, 2024

On Wednesday of last week, the plaintiffs filed a document that voluntarily dismissed the two Anywhere Real Estate affiliates, Coldwell Banker Realty and Piatt Sothebys International Realty , that were named in the original suit. The addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 365

Brokerage Realty Real Estate Real Estate Agent 365

Housing Wire

SEPTEMBER 27, 2023

First, any law restricting ownership must clearly state that the obligation to follow the law rests with the buyer. Sellers must have confidence that it is not their responsibility to verify the national origin of the buyer. By imposing this obligation on the buyer, it protects sellers from false enrichment claims.

Law 389

Law Real Estate Legal Insurance 389

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Top 10 ways to get homebuyers to work with you 1.

Clients 426

Clients Real Estate Inspection Buyers 426

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Launched in September 2023, the company secured $1.25

Mortgage 435

Mortgage Buyers Agents Real Estate Agent 435

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

Inspection 69

Inspection Sellers Buyers Agents 69

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Agents 421

Agents Buyers Realtors Sellers 421

Housing Wire

MAY 9, 2024

Most of this information typically would be provided in a Plan of Allocation, a document routinely provided before the opt-out date.” In a document filed on Wednesday, the Spring Way Center, supported the South Carolina objector’s motion, writing that it was objecting to the “fairness and adequacy” of Anywhere’s settlement amount.

Brokerage 384

Brokerage Realty Sellers Real Estate 384

Will Springer Realtor

MAY 2, 2023

Home buyers are consumers. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement.

Contracts 55

Contracts Buyers HOA Inspection 55

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. The agency term of 12 months will be the standard but buyers can agree to any length in writing.

Law 62

Law Buyers Sellers Real Estate 62

Housing Wire

MARCH 27, 2024

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. A second layer to the listing agreement and commission structure is the compensation to a cooperating broker (aka buyer agent). Buyer representation agreements shouldn’t scare anyone.

Real Estate Agent 316

Real Estate Agent Real Estate Agents Sellers 316

Housing Wire

DECEMBER 27, 2023

In addition, the title firm filed a document with the Securities and Exchange Commission last Friday, stating that it was “working diligently” to restore systems it had taken offline, but could not estimate “the duration or extent of the disruption at this time.” No new updates or filings have been shared since last Friday.

Sellers 496

Sellers Insurance Valuation Clients 496

Housing Wire

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. Unlike the two other buyer-broker commission lawsuits, Moehrl and Sitzer/Burnett , NAR is not a defendant in the Nosalek lawsuit.

Buyers 398

Buyers Realtors Real Estate Agent Real Estate 398

Housing Wire

SEPTEMBER 28, 2023

Other opportunities ICE acknowledged include developing innovative analytics that help lenders connect with potential buyers in historically underserved markets and identify minority bias in the home valuation process. There’s a little north of 100 [MSP clients] and we believe that 40 of those are not on Encompass today.

Technology 411

Technology Valuation Mortgage Development 411

Housing Wire

OCTOBER 12, 2023

AmeriFirst’s sale of loans will not only pay off its secured obligations to Centier Bank and Sound Capital under their warehouse lines but also resolve disputes with Oaktree, court documents showed. Getting rid of regional and branch margins, the lender would offer competitive rates to buyers, Bowlby said in an interview.

Retail 407

Retail Legal Buyers Mortgage 407