Fri.Jul 21, 2023

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Bright MLS to allow $0 buyer broker commissions

Housing Wire

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. This change appears to possibly diverge from a National Association of Realtors rule, which states that listing agents must make an offer of cooperative compensation to buyer brokers in order to list a property on the MLS.

Buyers 370
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Housing Market Decoded: Don't expect price drops. yet

Real Estate News

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

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Doma sells Midwest and Texas title operations

Housing Wire

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. The financial terms of the deals were not disclosed. “These strategic transactions are aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business,” Max Simkoff , the founder and CEO of Doma, said in a statement. “Our Texas

Insurance 370
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Brokerage Beat: News from Real, C21, Pacific Sotheby's, more

Real Estate News

Top Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.

Brokerage 194
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Citywide Home Loans settles a $1.2M data breach lawsuit

Housing Wire

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach. The news was first reported by legal website Top Class Action. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020.

Legal 370
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NAR 'confident' in the face of challenges to compensation

Real Estate News

The association believes it will prevail in court, but also “highly encourages agents to use buyer broker agreements.

Agents 177

More Trending

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Keller Williams mega team taps ex-Side exec Jon Boller as president

Inman

Jon Boller, Side's former Go-To-Market Strategy vice president, will take on a new role at Livian, Keller Williams' mega team. Boller will oversee growth for the brand's 35-state footprint.

Marketing 148
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Livian, a Keller Williams mega team, welcomes ex-Side exec Jon Boller as president

Housing Wire

Livian, a Vermont-based mega team at Keller Williams , has a new president. Former Side executive Jon Boller started on Monday, Livian said in a statement. Boller is in charge of the growth, refinement, and scaling of its platform. Livian, one of the country’s top mega teams, currently boasts a network of 72 real estate teams spread across 35 states, housing a total of 738 agents nationwide.

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7 strategies to keep self-talk sabotage at bay

Inman

The stories you tell yourself and the language that use can impact your attitude and performance, entrepreneur Christine George writes. Here's how to keep self-talk positive.

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Indie brokerage Trompeter Real Estate joins SERHANT.

Housing Wire

Trompeter Real Estate , a boutique brokerage in Jersey City, has joined Ryan Serhant ’s eponymous brokerage SERHANT. Co-founded by Mark Trompeter and Enrique Napoles, Trompeter Real Estate is the third independent brokerage to join SERHANT. in the last couple of months. Prakas Real Estate , led by Christian Prakas in Florida, as well as Bowes Real Estate , led by Christopher Bowes in South Carolina, joined earlier this year. “We are finding that independent brokerages across the country ha

Brokerage 369
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How to plant your geo-farm to harvest closed sales this fall

Inman

Know you need to create a farm, but not sure where to start? This step-by-step guide from Jimmy Burgess will help you choose your neighborhoods and market them effectively.

Marketing 148
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Maggie Wu’s top performing team makes the jump back to Compass

Housing Wire

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. In December 2021, she had left Compass to join the young brokerage SERHANT. where she launched her own team. In 2023, the W Team closed an impressive $102,683,254 in sales volume, earning her team the #21 rank in New York City and #36 position in New York State by RealTrends for

Brokerage 369
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Employment Situation in June: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 38 states and the District of Columbia in June compared to the previous month, while 12 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 jobs in May. On a month-over-month basis, employment data was strong in Texas, which.

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How this digital marketing expert provides ‘aha moments’ for agents

Inman

As part of his Snapshot series, Brandon Doyle shares how this owner of Just Sell Homes helps clients translate their marketing message into meaningful connections.

Marketing 148
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Value of a Pool for Homes?

Appraisal Today

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. That’s what we always hear. And, it’s true. Homes in different locations and price points tend to have different amenities, and that includes pools. Keep in mind the presence of a pool could be about lot size also – not just the price range.

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The shiny objects keeping you from serving your clients

Inman

Don’t just sit back and wait for things to happen. Find the home your buyer clients are looking for and help them get to the closing table.

Clients 148
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Chris Rochon Joins Business Development Team

Lamacchia Realty

After spending over a year as a REALTOR with Lamacchia Realty, Chris Rochon has made the exciting jump to the Business Development team. Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. Before he got into the real estate market, Chris spent 30 years working in the customer service industry. He always loved working with people, getting to know the other REALTORS just as well as his clients.

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Got a case of the Mondays? Here’s Inman’s Top 5

Inman

Wondering what you missed this week? Catch up with Inman's Top 5 stories for the week of July 14-21, 2023.

Agents 147
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$41,669 Raised by Lamacchia Realty for Boston Children’s Hospital at Annual Corporate Cup

Lamacchia Realty

July 13th, 2023 – Last week, Lamcchia Realty participated in the annual Corporate Cup to raise money for Boston Children’s Hospital. The team is incredibly proud to have raised $41,669 this year, landing them in 2nd place for fundraising for the entire program! All of the money raised goes directly to funding enrichment programs for the children and supporting families of patients at Children’s Hospital, while also funding research and facilities to help find cures and better treatm

Realty 68
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New Yorkers are white-knuckling a turbulent summer buyer’s market

Inman

Like the energy of its premier city, homebuyers and sellers in New York State are grappling with a rollercoaster summer, with extreme buyers' and sellers' markets taking consumers on a wild ride.

Marketing 113
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Loan-to-Value Ratio (LTV): What Is It & How to Calculate It

BiggerPockets

Understanding your loan-to-value ratio is vital when estimating your mortgage approval odds. Learn how to calculate your LTV and how it impacts your investment.

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Amid the steel and glass, a warmer, fuzzier Billionaires’ Row emerges

Inman

As Billionaires' Row continues to reshape Manhattan's skyline one 'supertall' at a time, agents say a new class of buyer is gradually reshaping the demographics of New York's most exclusive block.

Agents 113
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Morningstar Says Housing Affordability Will Rebound by 2025—Is That Possible?

BiggerPockets

In a recent economic outlook by Morningstar, the housing market affordability is currently mimicking the peak of the housing bubble in 2006.

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Latest rate hike will further weigh on consumer finances, says study

Mortgagebroker News

More than half of households are expecting the latest hike to have a negative impact on their finances

Finance 64
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New Bill in Congress Seeks to End Depreciation Benefit for Some Investors—What Does This Mean for You?

BiggerPockets

Congress is making a new attempt to curb real estate investor activity with a new bill that could change the way the game is played.

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Minimum-wage Canadians forced to devote more of their incomes to housing

Mortgagebroker News

The provinces with higher minimum wages also have the steepest rental costs, report says

66
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BEFORE You Buy: How to Know Your Market (and Property) Will Make it In 2023

BiggerPockets

Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess.

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Housing affordability still mostly out of reach despite price declines: nesto

Mortgagebroker News

Elevated interest rates continue to have an outsized impact on affordability, new report says

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Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio

BiggerPockets

Financial freedom with only a handful of rental properties!?

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How will population growth impact Canada's housing supply crisis?

Mortgagebroker News

By every metric, 2022 established new housing and immigration records, report says

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Mortgage Innovator’s Conference 2023 | “Roadmaps to Efficiency” Session

Clear Capital

Watch the session “Roadmaps to Efficiency” from the Mortgage Innovator’s Conference 2023. The session featured Chuck Iverson, President, Mason-McDuffie Mortgage; Kenon Chen, EVP Corporate Strategy, Clear Capital; Jeremy Potter, CEO, Nesting; Matt Seu, CEO, Actualize Consulting; and Josh Friend, CEO & Founder, Insellerate. Watch the session to discover how leveraging the power of technology and the human touch can help us build a more efficient and authentic customer journey

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Brokers from across the world to gather in one place

Mortgagebroker News

It's rare the mortgage industry comes together – this is your chance

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Should You Get a Real Estate License to Flip Homes in Texas?

Listing Spark

Flipping homes is a lucrative real estate investment strategy, but it can also be a risky one. Without the right knowledge and expertise, you might find yourself with a property that has extensive foundation problems or a post-renovation value that doesn’t reach your break-even point. Even with the right properties, the growing cost of renovations and supplies can make eking out an acceptable profit margin harder than ever before.

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High mortgage rates – are they impacting buyers?

Mortgagebroker News

Broker gives his verdict on whether first-time buyers are still on the hunt

Buyers 64