Mon.Aug 28, 2023

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NAR’s Kenny Parcell resigns after sexual harassment allegations

Housing Wire

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

Realtors 458
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NAR president resigns in the wake of sexual harassment allegations

Real Estate News

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

Appraisal 370
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Agent launches campaign calling for NAR president’s resignation

Real Estate News

A petition calling for Kenny Parcell to step down in light of allegations of sexual harassment was inspired by “very emotional” calls from NAR employees.

Agents 228
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CFPB reaches $2.7B settlement with credit repair conglomerate

Housing Wire

The Consumer Financial Protection Bureau (CFPB) reached a multi-billion dollar settlement with a collection of brands that offer credit repair services to American consumers, the agency announced on Monday. The settlement includes some of the largest credit repair brands in the country, including Lexington Law and CreditRepair.com , following a court ruling that found the companies had collected illegal advance fees for credit repair services through telemarketing.

Law 370
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5 massive NYT takeaways NAR can’t escape

Inman

Debra Kamin's New York Times exposé details a culture of harassment, intimidation and denial at the National Association of Realtors. Christy Murdock digs into five key takeaways.

Realtors 148

More Trending

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2 key steps for agents generating business with builders and developers

Inman

Top real estate professionals know that opportunity can be found anywhere. And oftentimes, that opportunity lies in finding unique ways to differentiate your business expertise.

Business 148
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Guild Mortgage acquires First Centennial Mortgage

Housing Wire

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. The terms of the deal were not disclosed. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgage 370
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NAR President Kenny Parcell resigns after NYT exposé

Inman

Two days after The New York Times' investigative report about alleged rampant sexual misconduct at National Association of Realtors, President Kenny Parcell has resigned from his post.

Realtors 148
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Better reports improved net loss of $45.5 million in Q2

Housing Wire

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 million in the first half of 2023, an improvement from nearly $400 million in the same period last year, according to its 8-K filing with the Securities and Exchange Commission (SEC) on Monday. Better is focused on originating profitable business while pulling back from unprofitable channels, which resulted in the company shutting down its real estate arm and laying off employee

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Texas oil heiress sells Aspen mansion for $63.75M

Inman

Christy Thompson sold the Aspen mansion that she purchased last year for $51 million to Tampa Bay Lightning owner Jeff Vinik in an off-market transaction, one of the city's biggest of the year.

Marketing 148
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Compass snags two Chicago-based @properties brokers

Housing Wire

Anne Hodge and Debra Dobbs are joining the Chicago office of Compass , the company announced Friday. The top agents were previously at brokerage @properties. “We are thrilled to welcome Anne and Debra to our growing Chicagoland team,” Fran Broude, regional vice president at Compass, said in a statement. With her 20 years of experience, Hodge is one of the top-producing agents in the western suburbs of Chicago.

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Off-grid luxury: 5 features of sustainable high-end living

Inman

Sustainable living was once a novelty for luxury homebuyers, but increasingly, it’s becoming a necessity. And while green architecture and design features, off-grid functionality, and a low carbon footprint may still be considered niche demands in the luxury market as a whole, they’re growing in popularity.

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ICE, Black Knight merger deal to close September 5

Housing Wire

Intercontinental Exchange Inc. (ICE) and Black Knight announced late Friday an agreement with the Federal Trade Commission (FTC) for the $11.7 billion merger deal to go through. The settlement comes months after the FTC sued ICE alleging antitrust concerns surrounding a buyout of Black Knight. According to the agreement, ICE is expected to complete the acquisition of Black Knight on September 5.

Business 369
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Key takeaways from Inman Connect Las Vegas sponsors

Inman

Inman Connect delivers industry-leading speakers, cutting-edge panels, and growth-oriented presentations to top professionals from across the industry. Our partners are a critical part of those experiences and value the opportunity to reach these power players. We asked them for their impressions and takeaways from the event.

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The GoFormz and Box Integration

GoForrmz

Originally published on 10/07/2015 Streamline record-keeping and reduce administrative overhead with the GoFormz and Box integration Whether you find yourself routinely filling out digital waivers or in need of a digital sign-in sheet template , GoFormz possesses the ability to seamlessly convert your existing forms into exact digital replicas. The potential of digital forms extends far beyond the diverse data capture opportunities; in fact, it's just the beginning.

Design 139
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‘Just being boys’: Let’s talk about NAR’s problematic culture

Inman

Trainer and former agent Rachael Hite uses NAR President Kenny Parcell's own words to illustrate what a toxic work environment is and suggests some solutions to help fix NAR's issues. NAR members need to stand up and get involved if they want to cleanup the brand's reputation in the coming months.

Agents 148
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Mortgage Giants Are Pulling Back—How Worried Should You Be About the Market?

BiggerPockets

Liquidity is drying up as massive mortgage lenders pull back on issuing new loans. What does this mean for the real estate market, and should you be concerned?

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What do the Marvel movies and Coldwell Banker have in common? Storytelling ROI

Inman

The power of a story is more than just the key to movie-making magic. It’s an essential tool in any marketer’s arsenal, especially in real estate.

Tools 148
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3 Real Estate Tools That’ll Save You DOZENS of Hours

BiggerPockets

These three real estate investing tools can make you more money in less time and with less effort than ever.

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Who should I follow for great Instagram Reels?

Inman

Every week Sue "Pinky" Benson answers your most pressing Instagram questions. This week, she's helping you find content inspiration on Instagram Reels.

Agents 147
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No end in sight to housing affordability crisis, says BMO's Guatieri

Mortgagebroker News

The Bank of Canada's June and July interest rate increases essentially put a stop to the housing market’s recovery, says analyst

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NAR’s sexual harassment spin isn’t fooling anyone. Here’s why

Inman

In the days leading up to The New York Times exposé, NAR left a virtual bread-crumb trail for digital damage control around the topic of sexual harassment. Christy Murdock shares the messaging and how to avoid a PR nightmare.

Brokerage 113
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Generating Infinite Returns in Real Estate—Is It Possible?

BiggerPockets

Yes, it is possible to generate infinite returns in real estate, but should you invest for that? Here's what you need to know.

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Stop chasing! 5 ways to attract the agents you need now

Inman

Whether you’re a team leader or broker, the way you connect with others in your area matters.

Agents 148
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Analyst significantly downgrades RBC stock value

Mortgagebroker News

The bank is expected to wrestle with higher expenses and "unfavourable deposit trends"

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The Essential Investor Tools for Real Estate Success

Mashvisor

Real estate investing involves a significant amount of number crunching and analysis. In the past, investors faced several challenges when taking on these tasks.

Tools 36
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Inflation and bond market trends could keep interest rates high

Mortgagebroker News

The average yield on Canada's marketable 5-year bonds spiked to a 16-year high last week

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Wood-Framed Home Share Increased for Three Straight Years

Eyes on Housing

Wood framing remains the most dominant construction method for single-family homes in the U.S., according to NAHB analysis of 2022 Census Bureau data. For 2022 completions, 94% of new homes were wood-framed, another 6% were concrete-framed homes, and less than half a percent was steel-framed. On a count basis, there were 956,000 wood-framed homes completed in 2022.

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What type of homes are Canadians currently buying?

Mortgagebroker News

RE/MAX exec on the listing types proving most popular at present

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Single-family rent increases 3.3% year over year in June: CoreLogic

Housing Wire

U.S. single-family rents grew by 3.3% year over year in June, the lowest gain since autumn 2020, according to a new report from property data provider CoreLogic. Meanwhile, monthly rent growth was 1.1%, nearly identical to June’s pre-pandemic average of 1%. Corelogic’s Single-Family Rent Index (SFRI) analyzes single-family rent price changes nationally and across major metropolitan areas.

Marketing 370
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What's next for home prices in Canada?

Mortgagebroker News

Is a slowdown on the way?

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