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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

” Unnamed agent in recorded call with REX Not showing clients properties because they have below-market commission rates is an example of “steering,” a practice that is often alleged about buyer agents and just as often denied by broker firms and associations. So I’m not going to show properties that do that.”

Clients 420
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Opinion: NAR has finally met its match

Housing Wire

The question is whether their value is commensurate with the commission that they receive as an effective entitlement. As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic. Talk about a conflict of interest.

Realtors 390
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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

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ALTA: Protecting property rights with title insurance

Housing Wire

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. Diane Tomb, ALTA CEO Contributor.

Insurance 464
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DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey

Housing Wire

The point being, there’s no consensus among real estate agents and brokers regarding what happens next, how the industry should respond or even how agents should talk to clients. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves. We wanted to hear from them.

Realtors 376
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HW+ Member Spotlight: Omar Ennabe

Housing Wire

It ensures my clients and my team can get a hold of me in the event of an urgent situation. Omar Ennabe: The obvious trends I follow would be the ones related to our business, such as housing trends, home values and interest rates. HousingWire: What is your most useful tech tool? Omar Ennabe: My smartphone.

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How to get a real estate license in Texas

Housing Wire

1] 180 Classroom hours are required before you become licensed in Texas Texas real estate license: Requirements checklist According to the Texas Real Estate Commision (TREC), a sales agent is a person who is licensed by the Real Estate Commission to act as an agent on behalf of a real estate broker and their clients.