Mon.Mar 18, 2024

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Video marketing platform Roomvu launches in the U.S. 

Housing Wire

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. market. Backed by venture fund Second Century Ventures , Roomvu has been recognized as one of Canada’s 20 most innovative tech companies.

Marketing 441
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Plaintiffs seek whopping $4.7 billion from HomeServices

Real Estate News

The last defendant in the Sitzer/Burnett commissions case said it anticipated the motion and will respond with its own court filings in April.

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National columnist examines CFPB reverse mortgage advertising data

Housing Wire

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it. Julie Jason, an investment adviser and author, highlighted a CFPB report released in August 2023 that took a closer look at reverse mortgage advertising, both

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eXp ‘expecting a whole lot of creativity’ in wake of NAR deal

Real Estate News

During a livestream with nearly 50,000 viewers, eXp leaders discussed NAR’s proposed settlement while agents flooded the chat with reactions.

Agents 305
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Data breach at Nations Direct Mortgage impacts 83,000 borrowers

Housing Wire

Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. 30, 2023, the lender disclosed on March 14 in a notice shared with the Office of the Maine Attorney General. An investigation showed that names, addresses, Social Security numbers and loan numbers may have been obtained by the unauthorized third party bad actor, Nations Direct said on its website.

Mortgage 432
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‘We remain vigilant’ KW says as it unpacks NAR settlement

Real Estate News

From buyer agreements to non-MLS places where cooperative compensation can appear, here’s what Keller Williams is telling leaders and agents about the deal.

Agents 285

More Trending

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Homebuilder sentiment at highest level since last summer

Real Estate News

Low existing home inventory and the expectation of falling interest rates continue to drive builder optimism.

Inventory 226
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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I don’t think they really understand what is going on and what is going to be required of them,” Danzey said.

Brokerage 421
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Blackstone president: Now it’s time for real estate investors to pounce

Inman

Jon Gray described the current market as a "bottoming period" that should inspire investors to get moving on new purchases and said investors who move fast stand to be rewarded once prices recover.

Investors 184
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ICE unveils two new property valuation solutions

Housing Wire

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. The newly released tools are designed to complement other ICE tools, including automated valuation models (AVMs); data collection tools that follow government-sponsored enterprise (GSE) valuation requirements; and a risk profiler that combines analytics, local market data, neighborhood demographic

Valuation 421
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NAR settlement may disrupt mortgage partner agent programs

Inman

If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents?

Agents 192
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PennyMac pays $158M to Black Knight in servicing platform dispute

Housing Wire

PennyMac Financial Services has paid $158.4 million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. An arbitrator issued the final award on Jan. 12, reducing Black Knight’s monetary damages from $155.2 million plus interest, granted as an interim award in November 2023, to $150.2 million plus interest, per filings with the Securities and Exchange Commission (SEC).

Legal 421
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An anticipated settlement still shocks the real estate industry

Inman

Settlement represents "nothing short of a sea change" as the National Association of Realtors agrees to pay $418 million and make sweeping changes.

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Real estate agents continue to change brokerages: Relitix

Housing Wire

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. This could represent a stabilization in the agent pool which is an additional helpful trend.

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Master your real estate survival: Take charge at Inman Connect

Inman

Are you building someone else's dreams or crafting your own legacy in real estate? If you don't do it, the industry craziness will. Take charge at Inman Connect Las Vegas this summer.

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Opinion: Aren’t real estate agents entrepreneurs?

Housing Wire

Generally, people respect entrepreneurs. The show “Shark Tank” takes this notion to a new level as the entire program — successful season after season — glorifies entrepreneurialism and equates it with “The American Dream.” The secular success of Silicon Valley and the enshrinement of venture capital in the edifice of America (and now the world) further burnishes entrepreneurship.

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Video automation suite Roomvu lands at LeadingRE, Realty ONE

Inman

Marketing software company Roomvu has landed a pair of enterprise brokerage relationships that stand to push it into the everyday marketing arsenal of thousands of agents.

Realty 176
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Digital Agriculture Forms Lead to Better Farm Data

GoForrmz

Originally published on 06/27/2018 Collect better farm data with digital agriculture forms Whether you’re a local farmer, a member of the Farm Service Agency, or a USDA Information Technology specialist, odds are your work has been dramatically impacted by the rise of precision agriculture. Precision agriculture, as described by Geoffrey Ling and Blake Bextine of Scientific American , “combines sensors, robots, GPS, mapping tools and data-analytics software to customize the care that plants rece

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Thanks to NAR settlement, real estate is in its Wild West era

Inman

Bi-coastal broker Cara Ameer outlines the problems, concerns and frustrations inherent in the terms of NAR's commission lawsuit settlement as agents learn to navigate a new reality.

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Do You Know Your FIRE Number? Here’s What That Means

BiggerPockets

Determining your FIRE number is the gateway to retiring early and living life on your terms. It's not necessarily easy to achieve your income goals, but it becomes possible once you set your sights on it.

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Over 60% of agents have been recruited so far this year: Intel

Inman

Most agents say they've heard from competitor brokerages in recent weeks. Intel explores what's on their mind as they decide whether to stay — or bolt.

Agents 176
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New Home Sales Are Up: Is the Real Estate Market Thawing Out?

BiggerPockets

Existing home sales have been steadily declining, reaching the lowest levels in 30 years in 2023, according to the National Association of Realtors (NAR).

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Fractional real estate: Weighing the pros and cons

Inman

Fractional real estate investing allows investors to pool resources with others and gain access to many investment properties.

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Your Business Partners Determine Your Outcome—Here’s How to Find and Keep the Good Ones

BiggerPockets

For many investors, partnering is the best or worst part of their real estate experience. Too many things can go wrong, so here's what you need to know about finding and keeping the right partners.

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Richard Hottinger and team flip-flop back to Corcoran Group

Inman

The high-ranking team returns to Corcoran after a recent one-year stint at Douglas Elliman. Hottinger said Corcoran is "home" to the team.

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The Secrets of Efficient Home Organization for New Homeowners

Lamacchia Realty

THE SECRETS OF EFFICIENT HOME ORGANIZATION FOR NEW HOMEOWNERS Moving into a new home marks an exciting chapter in life, filled with fresh starts and opportunities to create your ideal living space. For new homeowners, organizing a home is not just about unpacking boxes; it’s about laying the foundation for a comfortable and functional lifestyle.

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ERA CEO: Help ensure that gains in Hispanic homeownership continue

Inman

ERA's Alex Vidal writes that it's everybody's job to help Hispanic homebuyers achieve the dream of homeownership.

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The Silent War on Landlords That No One Is Talking About

BiggerPockets

It’s no secret that legislation regarding tenant screening is becoming more and more restrictive.

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DelPrete: Here’s what’s driving agent migration patterns now

Inman

As the industry continues to shift gears, Mike DelPrete writes, agents are looking for greener pastures by moving to younger, more agile brokerages that offer new opportunities.

Agents 123
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Anthony Lamacchia Speaks on the Misconceptions about the Proposed NAR Settlement on Boston 25 News

Lamacchia Realty

March 18, 2024 – This morning, Anthony Lamacchia was featured on a news segment on Boston 25 with Gene Lavanchy where he clarified the widespread misunderstandings about the National Association of REALTORS® (NAR) Settlement. Amidst a sea of misinformation, Anthony sheds light on the real implications of this settlement, debunking myths that have been circulating in the media.

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Homebuyers urged to enter market as spring approaches

Mortgagebroker News

Expert says many buyers are "ready and poised" to ramp up purchasing plans

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Unemployment Inches Up, Inflation Returns, & Serious News for Student Loans

BiggerPockets

Has the job market finally flipped? Throughout most of the pandemic, it seemed that any and every worker was a hot commodity.

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How to start your AI-driven marketing journey

Mortgagebroker News

Using AI tools doesn't need to be difficult.

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Modern FSBO Listing Services: Innovative Tools You Can Use

Listing Spark

The conventional pathway to selling your home is hiring a listing agent who represents you in the transaction and manages the marketing that requires a real estate license—namely, listing your property on the MLS. This strategy often comes at a high cost. In Texas, the norm is to pay your listing agent 3% of your home’s sales price. For a $200,000 home, that’s a $6,000 expense.