Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

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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.

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Real Estate Brokerage Training Agents 334

Housing Wire

MARCH 1, 2023

The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. managing director of Opteon, said in the statement.

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Appraisal Valuation Technology Real Estate 319

Housing Wire

APRIL 24, 2024

While she believes this transparency was a good thing for the seller, it harmed the buyer as many agents began to claim that they would represent buyers for free — which has certainly played a role in the commission lawsuits that are currently plaguing the industry. “We

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Brokerage Legal Fees Real Estate Agents 367

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. Then, they might become hopeful. It doesn’t lend itself to a 24-hour cycle.

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HOA Property Management Real Estate Agent Technology 410

Housing Wire

MAY 1, 2024

We are advantaged primarily because we are a product and technology company first.” On the call, Barton said that Zillow’s technology has helped it earn consumer trust, putting it “in the enviable position of having a large enough audience” that comes organically. Barton also touched upon the terms of NAR’s settlement agreement.

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Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. Comfort with new technology Marketing is another area that has seen massive change in the last decade.

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Real Estate Agent Real Estate Agents Clients 341

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. Presented by: Sagent Lending Technologies.

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Technology Lending Investors Modernization 353

Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

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Real Estate Realtors Agents Buyers 340

Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. Revenue decreased by 10% year over year to $1.34 Reffkin cited the Seattle market as reason for optimism.

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Agents Real Estate Agent Realtors Brokerage 331

Housing Wire

NOVEMBER 22, 2023

And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. One would be hard-pressed to find many title agencies that aren’t using some level of technology in that regard. It doesn’t lend itself to a 24-hour cycle.

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HOA Real Estate Agent Technology Real Estate 396

Housing Wire

APRIL 9, 2024

Similarly, seemingly every element of a real estate transaction demands numerous siloed service providers working simultaneously with technology and data kept in silos. Almost every state, county and municipality has its own, unique set of real estate customs, laws and regulations.

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HOA Real Estate Technology Investors 346

Housing Wire

NOVEMBER 16, 2023

According to Reffkin, the onset of the COVID-19 pandemic, as well as the frenetic pace of the 2020, 2021, and even early 2022 housing markets, led to a reliance on technologies like Zoom, texting, email and social media for communication, leading transactions. Bad times create good habits,” Reffkin said.

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Real Estate Agents Buyers Clients 410

Housing Wire

DECEMBER 11, 2023

In the release, Campbell’s office claims that the technology used by EasyKnock and other proptech firms can be used to target and exploit “house-rich, cash-poor” consumers. Under the terms of the settlement EasyKnock must comply with all landlord-tenant laws.

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Tenants Landlords Law Advertising 287

Housing Wire

MARCH 7, 2022

Bidders were required to be cash buyers, or more precisely cryptocurrency buyers, or – more precisely still – have a virtual wallet on the Ethereum blockchain. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent. It represented LLC ownership of the property.

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Real Estate Law Inspection Agents 457

Housing Wire

NOVEMBER 2, 2023

If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We We’ve built self-service technology for buyers to set up their own tours and make offers on our listings without a buyer’s agent.”

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Agents Technology Housing Market Training 388

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. Therefore, it won’t just impact agents, but technology systems, she added.

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Buyers Agents Realtors Sellers 409

Housing Wire

OCTOBER 22, 2021

And yet, in a complete breach of commitment and legal precedent, the DOJ backed out of an agreement with the National Association of Realtors (NAR) that would more explicitly state the spirit and intent of NAR’s Code of Ethics and MLS guidelines in some key areas. NAR has forged ahead. This is about promoting a fair opportunity to own a home.

Real Estate 340

Real Estate Real Estate Agent Realtors Legal 340

Housing Wire

JANUARY 11, 2023

They’re collecting missing borrower/buyer information such as social security numbers via email, phone, text and then keying it into their production system. A title agency is charged with a good portion of populating and accurately preparing the vast majority of the documentation required for a legal closing. It starts at the top.

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Agents Technology Insurance Business 363

Housing Wire

OCTOBER 31, 2023

Davis also discussed the MLS and how the National Association of Realtors’ Clear Cooperation Rule impacts both buyers and sellers during her time on the stand. Like the defendants who testified before her, Davis noted that buyers’ agents help both buyers and sellers, as they help bring qualified buyers to the bargaining table.

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Agents Sellers Buyers Law 375

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

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Insurance Legal Legal Fees HOA 293

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. Net owner-occupancy rates. The role of renovators.

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Renovations Investors Buyers Retail 325

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 345

Brokerage Real Estate Agent Real Estate Clients 345

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

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Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

FEBRUARY 9, 2021

Many of them are determined to make an impact in industries that have yet to be significantly modernized by technology. A quick look at the history of real estate technology will tell you that almost everything up and down the transaction chain has been targeted for innovation. Both sellers and buyers have a lot to lose.

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Real Estate Agents Technology Sellers 464

Housing Wire

DECEMBER 26, 2022

Prior to the recent rise in HELOC volume, Braga said her firm typically saw HELOCs as part of simultaneous closings where buyers would do a first mortgage and a HELOC at the same time. “Currently, I would say the majority of our volume is some type of HELOC product.”. Product specific HELOCs, such as those for solar panels, were also common.

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Insurance Bracketing Legal Business 465

Housing Wire

APRIL 3, 2024

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. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 358

Real Estate Agents Buyers Business 358

Empire Appraisal Group

JANUARY 20, 2022

Buyers May Face Hidden Costs for Homes with Solar Power. Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing. The post Buyers May Face Hidden Costs for Homes with Solar Power appeared first on Empire Appraisal Group. By Kerry Smith. ORLANDO, Fla.

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Buyers Insurance Agents Legal 78

Housing Wire

OCTOBER 2, 2022

Brokers now have access to a more streamlined platform that will guide them through the closing process step-by-step with more transparency, smarter technology and increased control.”. For example, one core protection of title insurance is that it protects against fraud or forgery related to the property rights purchased by the buyer.

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Insurance Legal Buyers Real Estate 296

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

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Real Estate Brokerage Buyers Property Management 292

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Appraisal Market Value Legal Property Appraisal 354

Housing Wire

SEPTEMBER 9, 2020

We recognized the potential of the Notarize platform and have worked with their team to tackle the legal and technical barriers to RON,” said Don Casey, president and CEO of Realogy Title Group. Roughly 400 closing and escrow agents use Notarize’s technology through RTG to close digitally; agents in the remaining 13 states use hybrid options.

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Insurance Legal Brokerage Agents 320

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. It’s also more modern and appealing to first-time home buyers. Jobs that create houses.”

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Modernization Legal Contracts Mortgage 331

Housing Wire

NOVEMBER 13, 2020

And while there is no legal limit on how many times a mortgage may be refinanced, closing costs and interest rate cycles effectively limit the number of times any given homeowner will pursue this option. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones.

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Modernization Technology Mortgage Investors 478

Housing Wire

AUGUST 4, 2022

We work with eight or nine different lenders to make sure that we have a full product suite to provide to the end buyer [homebuyer via the new mortgage brokerage], whether they’re looking for jumbo loans or VA [Veterans Affairs] loans or bridge loans,” Kasle said. “We Is now a good time to invest in real estate automation technologies?

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Brokerage Real Estate Lending Mortgage 391

Housing Wire

APRIL 23, 2024

Colibri’s real estate continuing education course offerings vary by state, but a sampling of intriguing topics we researched include Fair Housing, ethics, handling multiple offers, educating buyers, handling trust funds and implicit bias training. You can even tune into to audio lessons like you’d listen to your favorite podcast.

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Real Estate Agents Best Value Design 379

Will Springer Realtor

JANUARY 3, 2023

A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. Even though the language is no longer legal, the words carry a stigma stemming from the Jim Crow era that should be extinguished from present-day records. Seattle’s Connection to Dr. Martin Luther King Jr.

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Real Estate Technology Investing Legal 36