Housing Wire

MAY 29, 2024

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. His team is now “scouring” bank statements, and if they see BNPL loans, they ask clients to pay them off.

Mortgage 370

Mortgage Clients Sellers Loan Officers 370

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 380

Brokerage Realty Sellers Real Estate 380

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 298

Real Estate Legal Brokerage Clients 298

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 423

Sellers Buyers Real Estate Contracts 423

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 354

Real Estate Legal Sellers Buyers 354

Housing Wire

MARCH 25, 2024

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 390

Agents Advertising Real Estate Buyers 390

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. “ClosingsLIVE is a gamechanger app for SoftPro customers and the clients they serve,” Patrick Hempen , SoftPro’s chief customer officer, said.

Realtors 308

Realtors Agents Clients Real Estate 308

Housing Wire

OCTOBER 25, 2023

Ketchmark then discussed the agreements HomeServices franchisees have their clients sign. He also noted that he expects HomeServices agents to act as fiduciary to their clients and follow the NAR Code of Ethics. It’s a negotiation with the seller.” The value I add, I believe, is worth 6%.

Sellers 395

Sellers Realtors Agents Buyers 395

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 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 265

Technology Tools Buyers Sellers 265

Housing Wire

MARCH 22, 2024

In a document filed with the Securities and Exchange Commission on Friday morning, the Robert Reffkin-helmed firm announced that it had reached a nationwide settlement in relation to the Umpa and Gibson suits on Thursday. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.”

Brokerage 415

Brokerage Realtors Agents Clients 415

Housing Wire

OCTOBER 24, 2023

This means sellers wind up paying inflated commissions at closing. Goldberg said the rule needs to be mandatory, because cooperating participants have a right to know how they will be compensated prior to working with clients. In his testimony, Goldberg maintained that the current system promotes an efficient marketplace.

Realtors 404

Realtors Agents Clients Buyers 404

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. In fact, you will become known as a true professional and receive repeat and referral business as a result of doing the best job possible for your clients. Are they relocating?

Clients 394

Clients Real Estate Inspection Buyers 394

Housing Wire

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said. “The

Sellers 392

Sellers Agents Buyers Realtors 392

McKissock

MAY 4, 2021

Just about every market across the United States saw a huge influx of first-time homebuyers and sellers as a result of record-low mortgage rates and the desire for more space. In today’s hot market you have to move quickly, so help them be prepared mentally and have any documents needed at hand. Become a CE Plus Member today !

Sellers 95

Sellers Marketing Buyers Real Estate 95

Housing Wire

AUGUST 11, 2021

Capacity provides everything you need to support your borrowers, sellers, and support staff in one powerful platform. Capacity connects apps, mines documents, captures tacit knowledge, and automates processes—all through a mobile-friendly chat interface. #2. Product Fast Facts. #1. Get More Info.

Mortgage 285

Mortgage Sellers Clients Business 285

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

Real Estate 421

Real Estate Sellers Technology Real Estate Agent 421

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 378

Agents Buyers Training Law 378

Housing Wire

MAY 10, 2021

HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. David Doctorow : We feel for home buyers and sellers. DD: The first step is educating yourself about what’s available and possible for today’s home buyers and sellers. .

Real Estate Agent 405

Real Estate Agent Real Estate Agents Marketing 405

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

McKissock

JUNE 26, 2022

Without accounting for your real estate clients’ common needs and expectations , you might be underperforming and risk losing their business. Here are nine things your real estate clients are expecting from you as their real estate professional: 1. So, take the appropriate steps to ensure your clients don’t feel ignored.

Real Estate Agent 66

Real Estate Agent Clients Real Estate Agents 66

Boston Appraisal

AUGUST 17, 2023

If you or your client are facing a situation where an appraisal is challenged or disputed, you need to have a solid strategy to defend or contest the appraisal. If possible, obtain references or testimonials from previous clients or peers of the appraiser. Check for any disciplinary actions or complaints against the appraiser.

Clients 78

Clients Appraisal Market Value Property Taxes 78

Housing Wire

JULY 28, 2021

According to the National Association of Realtors 2021 Home Buyers & Sellers Generational Trends Report , 84% of buyers 30 years and younger cite “helped buyer understand the process” as the most important benefit provided by real estate agents during the home purchase process. Adept at sending the occasional market insights report?

Brokerage 545

Brokerage Real Estate Clients Agents 545

Housing Wire

SEPTEMBER 13, 2023

Industry players who spoke with HousingWire agree that the level of repurchase demands has increased this year and that is having an impact on some buyers and sellers of MSRs. If you [as an MSR seller] push the edge of the envelope, I’m probably going to walk away [from the deal].” Is it affecting the MSR market? “I

Marketing 383

Marketing Sellers Buyers Mortgage 383

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1:

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

Real Estate 375

Real Estate Real Estate Agent Tools Agents 375

Housing Wire

SEPTEMBER 6, 2023

Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. We are not going to defend this case anymore,’ so that will definitely lead to changes.”

Agents 411

Agents Buyers Realtors Sellers 411

Housing Wire

MARCH 27, 2024

I’ve had clients who have family members as real estate agents and still decide to work with me because they understand the value and knowledge I provide. A seller and agent/brokerage either agrees to the terms and compensation or they don’t. When I go to listing appointments a seller asks what my commission is.

Real Estate Agent 280

Real Estate Agent Real Estate Agents Sellers 280

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 401

Mortgage Buyers Agents Real Estate Agent 401

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. According to court documents, the final approval hearing for NAR’s settlement is set for Nov.

Realtors 335

Realtors Real Estate Agent Real Estate Brokerage 335

Housing Wire

JANUARY 13, 2021

Coined as Seller Digital, the platform will also allow secondary market lenders to track and validate any Mandatory commitments they are working on in the pipeline. “To The tech will assess the completeness of the loan package when sellers upload required documents and set conditions when information is missing.

Mortgage 257

Mortgage Sellers Technology Real Estate Agent 257

Housing Wire

OCTOBER 18, 2023

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 Ketchmark also presented Keller (and the jury present in the courtroom) with a script from Keller Williams University that agents can use to explain and negotiate commissions with clients. billion in damages.

Agents 414

Agents Training Real Estate Real Estate Agent 414

McKissock

AUGUST 19, 2020

The goal is generally to garner clients that will give you repeat business—and good word of mouth. As such, the thought of ending a client relationship may seem unfathomable. However, success—for both you and your clients—depends on a solid working relationship. Reasons to end a client relationship.

Real Estate 52

Real Estate Clients Client Relationships Real Estate Agent 52

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one. Sellers are surely getting greedy.”. million,” he added.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

JANUARY 26, 2022

In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements. Efficiencies will be needed to catch issues in title workflows pre-closing, to help reduce post-close and trailing document costs and inefficiencies.

Insurance 298

Insurance Agents Technology Sellers 298

Housing Wire

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market. The firm also offers individualized reporting and document delivery services.

Sellers 339

Sellers Buyers Clients Technology 339

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller.

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148