Housing Wire

DECEMBER 20, 2023

The suit takes aim at NAR’s Participation Rule, which is referred to as the Cooperative Compensation Rule in this suit, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list the property on a Realtor-affiliated MLS.

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Real Estate Sellers Realtors Brokerage 419

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

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Real Estate Agents Marketing Sellers 441

Housing Wire

OCTOBER 25, 2023

It has been an eventful and drama-filled 24 hours in Kansas City, Missouri, for the Sitzer/Burnett class-action antitrust buyer broker commission lawsuit. On Tuesday afternoon, after the National Association of Realtors finished its defense, HomeServices of America took the floor.

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Sellers Realtors Real Estate Design 409

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.

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Real Estate Agents Buyers Business 455

Housing Wire

MARCH 15, 2024

This means that when you have 100 people in your database , and they’re hearing from you regularly with something of value, at least 10 of those contacts should either transact with you or refer someone they know who will work with you buying or selling real estate. Are 200 people in your database hearing from you all the time?

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Real Estate Training Agents Clients 421

Housing Wire

MAY 24, 2021

. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. 25% of all sales were cash sales, per the report.

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Realtors Buyers Housing Market New Listings 479

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

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Realtors Brokerage Agents Buyers 432

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

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Loan Officers Mortgage Buyers Inventory 421

Housing Wire

AUGUST 3, 2023

Originally filed in 2019, the lawsuit won class-action status shortly after, and alleges that some NAR rules, including one that requires listing brokers to offer buyers’ brokers a commission in order to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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Realtors Real Estate Buyers Sellers 370

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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Loan Officers Agents Retail Technology 397

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 409

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. Judge Stephen R. Bough of U.S.

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Real Estate Brokerage Buyers Property Management 324

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line. More for Real Estate Enthusiasts.

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Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

FEBRUARY 13, 2024

According to Wacksman, in Zillow’s first two enhanced markets , Phoenix and Atlanta, the firm’s strategy of integrating the “moving experience” (as Zillow refers to it) has resulted in its customer transaction share growing by more than 80% since 2022 in the two markets.

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Agents Sellers Buyers Law 409

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

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Brokerage Sellers Buyers Agents 545

Housing Wire

SEPTEMBER 18, 2020

And, since a National Association of Realtors survey showed that 53% of buyers in 2019 used an agent that was either referred to them or was someone they used in the past, that means that about half of all buyers (47%) are available to any agent willing to compete for them. Friedman HW+ Columnist.

Real Estate Agent 458

Real Estate Agent Real Estate Agents Technology 458

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. The plaintiffs’ attorney also addressed claims he made during the Sitzer-Burnett trial that, in the age of Zillow, there is no need to have a buyer’s agent.

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Realtors Law Agents Real Estate 441

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? Can a Buyer sue a Seller if they refuse to close? If that happens, what can a Buyer do? As in the video below, this might be due to any number of reasons, buyer financing is a likely reason.

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Sellers Buyers Contracts Legal 52

Housing Wire

FEBRUARY 22, 2023

Often, a buyer will approach a real estate agent as the first step in their homebuying process, and it’s up to that agent to refer them to a lender who will work with them on financing. You can even collaborate on buyer education around the home buying process, leveraging each others’ expertise.

Real Estate 430

Real Estate Real Estate Agent Loan Officers Agents 430

Housing Wire

OCTOBER 5, 2022

” And, she said, “there’s just going to be more hurdles in reference to who’s using what vendor or certifying authorizer.” “In the markets where it is currently accepted, we’re experiencing that about 10% to 15% of sellers use it, but about 1% to 2% of buyers use it,” he said.

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Law Sellers Buyers Technology 384

Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) Ask your professional loan originator for the details and refer your clients to someone who specializes in these programs. You can even search for investors, first time buyers, first responders, etc.

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Real Estate Government Law Buyers 421

Housing Wire

OCTOBER 17, 2023

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough.

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Sellers Agents Buyers Realtors 410

Housing Wire

APRIL 15, 2024

In the current market, legitimate buyers are companies with substantial amounts of cash — the groups Ludden represents have at least $50 million — or are parent entities with deep pockets. Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As

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Mortgage Retail Buyers Investors 458

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

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Training Realtors Agents Real Estate 421

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

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Mortgage Buyers Loan Officers Sellers 450

Housing Wire

AUGUST 14, 2023

Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said. Swiss bank UBS AG announced Monday it has agreed to pay $1.43 The settlement with the U.S. The settlement has been fully provisioned in prior periods,” UBS said in a statement. “The

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Investors Law Design Mortgage 370

Housing Wire

APRIL 1, 2024

DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

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Finance Investing Real Estate Agent Real Estate 441

Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 397

Housing Wire

JULY 20, 2023

For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Offer acceptance contingent on seller finding suitable housing The buyer will probably want a specific time frame, but you can usually get 90 to 120 days to secure the next home.

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Sellers Clients Inventory Agents 285

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Satisfied clients are more likely to refer you to their friends, family, and colleagues, helping you expand your client base organically.

Real Estate Agent 439

Real Estate Agent Real Estate Agents Clients 439

Housing Wire

SEPTEMBER 20, 2023

Send specific videos to your email database The videos can range from housing market reports to just-listed, just-sold or listings wanted for your motivated buyers. Well-planned out client appreciation events will keep you top of mind and inspire clients to refer more business your way. The possibilities are endless.

Real Estate 421

Real Estate Client Relationships Clients Business 421

Housing Wire

SEPTEMBER 13, 2023

Terms have slightly changed Furthermore, the terms of most transactions are characterized with less cash at close and more on the contingent part of the transaction (often referred to as the Earn Out). Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 394

Real Estate Valuation Brokerage Property Management 394

Housing Wire

NOVEMBER 2, 2023

It came to my attention that during initial calls, some agents immediately adopted what I refer to as “interrogation mode,” bombarding clients with intrusive financial and personal questions right from the start. Just as misery loves company, so does enthusiasm. On these calls, I observed a lack of enthusiasm among agents.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Clients 421

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. will identify which buyers require immediate contact from the listing agent. These are large language models (LLMs).

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

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Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

JANUARY 17, 2023

“They’re projecting the interest rates are going to have a bit of a downtick in early spring, and that’s going to get some buyers off the bench.”. He sat down with potential buyers and his referral partners to set goals and expectations for 2023 and make a plan to help them meet their goals. Make a plan. Continue to educate.

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Loan Officers Marketing Real Estate Agent Real Estate 409

Housing Wire

MAY 21, 2021

“But there may be signs that some buyers would rather spend their money on restaurants, vacations, and other things they have held back on for the past year, instead of on housing now that the threat of the pandemic is dissipating in America.” 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .”

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Housing Market Marketing New Listings Mortgage 540