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Why some brokerages are embracing property management

Real Estate News

Between investor purchases and property management, it can be a lucrative business for brokerages — and a source of buyer leads. The rental market is massive.

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Illinois homebuyer files commission lawsuit against @properties

Housing Wire

The suit takes aim at the National Association of Realtor’s Participation Rule which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a NAR affiliated MLS. As with all of the other commission lawsuits, Tuccori’s suit is seeking class action status.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

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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This app lets homeowners generate floor plans of their homes for free

Housing Wire

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. How smart home technology can benefit renters and property managers.

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Opinion: Real estate brokers are still buying and selling firms

Housing Wire

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results.

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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

Leaning too heavily on credit scores actually biases lenders against a large swath of potential homebuyers , including foreign buyers, younger buyers, and buyers from families with low financial literacy, who often lack robust U.S. credit histories.

Mortgage 395
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How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars.