Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). While previously NAR has stated that the offer of compensation could be as little as a penny or a dollar, in a reversal of this stance, NAR is now saying that listing brokers can offer nothing and still comply with the rule, as first repo

Brokerage 500

Brokerage Agents Buyers Clients 500

Real Estate News

OCTOBER 6, 2023

The brokerage giants have agreed to significant policy changes as part of their settlement agreements in the Sitzer/Burnett and Moehrl commissions cases.

Buyers 322

Buyers Brokerage 322

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees. Final court approval of the settlement is expected in early 2024.

Agents 485

Agents Real Estate Buyers Brokerage 485

Real Estate News

OCTOBER 6, 2023

The latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.

254

254

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It is time, and very important for the Fed to make clear two statements — the Fed is at the end of its rate hikes; the Fed will not consider selling its mortgage-backed securities (MBS) holdings until and unless the housing finance market has stabilized and mortgage-to-Treasury spreads have normalized,” MBA president and

Government 473

Government Mortgage Investors Marketing 473

Real Estate News

OCTOBER 6, 2023

CubiCasa President Jeff Allen has a specific goal: attach a floor plan to every listing. But he also says "massive advances" in tech are coming.

Real Estate 232

Real Estate 232

Inman

OCTOBER 6, 2023

In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would "have the freedom to set and/or negotiate commissions as they see fit.

Brokerage 207

Brokerage Agents Real Estate 207

Housing Wire

OCTOBER 6, 2023

The honey badger labor market woke up on Friday and chose violence, biting the legs of any job recession bear it could find. The first reaction from the bond market was to shoot up bond yields and mortgage rates went higher. However, as the day progressed, bond yields decreased from the peak. What is going on with the U.S. labor market? The answer is that we are just working back to normal.

Marketing 458

Marketing Mortgage Government 458

Inman

OCTOBER 6, 2023

Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.

Brokerage 207

Brokerage Realtors Agents 207

Housing Wire

OCTOBER 6, 2023

September job gains came in far higher than expected, a blow for the housing industry already grappling with mortgage rates near 8%. Job gains exceeded the average monthly gain of 267,000 over the prior 12 months. However, they remained lower than the 399,000 average of 2022, Realtor.com Chief Economist Danielle Hale noted. Total nonfarm payroll employment increased by 336,000 jobs in September, more than in August , according to data released by the Bureau of Labor Statistics.

Housing Market 441

Housing Market Business Government Marketing 441

Inman

OCTOBER 6, 2023

Sometimes it's our own misconceptions and insecurities that keep us from moving forward professionally and serving a new niche. Luxury agent Karen Stone looks at five questions that might be holding you back from the luxury market.

Agents 190

Agents Marketing Real Estate 190

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. A hearing for preliminary approval of the settlement is expected to occur next month, with final court approval expected in mid-2024. “I am pleased that Anywhere has reached a nationwide settlement with the plaintiffs in the Burnett and Moehrl cases,

Buyers 432

Buyers Brokerage Agents Sellers 432

Eyes on Housing

OCTOBER 6, 2023

Job growth remained solid in September as the Fed fights against inflation. In fact, the recent jobs data has been stronger than most economists expected and is a reminder that GDP growth for the third quarter will be very strong and inflation risks persist. Total nonfarm payroll employment increased by 336,000 and the unemployment rate remained at 3.8% in September.

Construction 190

Construction 190

Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. NAF Insurance and NAF Concierge will be integrated into NAF’s loan process to remove friction from the mortgage, home buying and moving experience, the California-headquartered lender said.

Insurance 432

Insurance Brokerage Government Real Estate 432

Inman

OCTOBER 6, 2023

An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a "stunning admission of guilt" on the eve of a class-action trial set to start Oct. 16.

Buyers 193

Buyers Realtors 193

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5 million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of

Agents 410

Agents Brokerage Realtors Real Estate 410

Inman

OCTOBER 6, 2023

Realtor.com's Listing Toolkit is an easy, modern solution for listing agents to build CMAs, demonstrate home marketability and help sellers discover who might want to buy their home.

Modernization 184

Modernization Marketing Sellers Agents 184

Boston Appraisal

OCTOBER 6, 2023

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. This article aims to break down their key differences, and examine their unique advantages and drawbacks for different property types and borrowers.

Finance 148

Finance Investors Lending Real Estate 148

Inman

OCTOBER 6, 2023

DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home.

Investors 182

Investors Technology Mortgage 182

GoForrmz

OCTOBER 6, 2023

Prioritize your team’s safety with the digital lockout tagout Template As we observe National Manufacturing Day (10/6) and the extended celebration of Manufacturing Week (lasting through 10/13), we are here to shed light on the invaluable role played by digital forms in supporting and empowering production teams. While Manufacturing Day serves as a tribute to the manufacturing industry, it also carries a significant mission of engaging students and aspiring engineers in the dynamic world of manu

Tools 78

Tools Modernization Inspection Clients 78

Inman

OCTOBER 6, 2023

Marketing expert Molly McKinley shares her thoughts on technology, the current state of the industry and why we still have a long way to go. Is Brad Inman's vision of a latte experience still too far out of reach?

Technology 180

Technology Marketing Brokerage Agents 180

BiggerPockets

OCTOBER 6, 2023

The benefits of real estate investing are mind-blowing. Besides its tax advantages, returns, and opportunities for passive income, real estate investing offers several other benefits that any real estate investor can take advantage of.

Real Estate 82

Real Estate Investing Investors 82

Inman

OCTOBER 6, 2023

NYC Realtor and sometime-stand-up comedian Karen Stone offers insights from her experiences sharing the stage with Jim Gaffigan, George Wallace and Jerry Seinfeld.

Real Estate 184

Real Estate Realtors Agents Marketing 184

BiggerPockets

OCTOBER 6, 2023

Self-directed retirement accounts help you step off the beaten path of Wall Street and into the exciting realm of alternative investments. Let’s talk about these amazing investments.

Investing 81

Investing Finance 81

Inman

OCTOBER 6, 2023

Despite earning the lowest score of the night from the reality TV show's judges after a misstep, Umansky managed to survive another week with the help of audience votes.

Agents 180

Agents 180

BiggerPockets

OCTOBER 6, 2023

Pending home sales dropped off significantly in August, pushing the real estate market to a standstill. What should investors be doing?

Investors 80

Investors Real Estate Marketing Housing Market 80

Inman

OCTOBER 6, 2023

An Airbnb guest has stayed in a Los Angeles dental surgeon's guest house for over a year without paying rent — and the owner has no legal basis to evict her.

Tenants 187

Tenants Legal Investing 187

BiggerPockets

OCTOBER 6, 2023

According to Deutsche Bank, the likelihood of a U.S. recession is 100%. Should investors be worried?

Investors 90

Investors Marketing Real Estate 90

Inman

OCTOBER 6, 2023

While AI-driven change can feel risky, it also offers unprecedented opportunity for real estate pros who embrace its potential. Investment expert Curtis Williams offers insights to help you navigate the waters ahead.

Real Estate Agent 176

Real Estate Agent Real Estate Agents Marketing 176

BiggerPockets

OCTOBER 6, 2023

Discover the ins and outs of rental income taxes: Learn about the tax rates, deductions, how to calculate, and more.

Investors 80

Investors 80

Inman

OCTOBER 6, 2023

Real Brokerage has established partnerships in the U.S. and Canada to assist agents in group purchase plans for healthcare benefits.

Agents 195

Agents Brokerage 195

BiggerPockets

OCTOBER 6, 2023

They might be working now, but in 30 years, we might never see them again. Here's the sad story of the shopping mall.

Real Estate 76

Real Estate 76

Inman

OCTOBER 6, 2023

Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue "higher for longer" rate strategy.

Mortgage 180

Mortgage Marketing 180

BiggerPockets

OCTOBER 6, 2023

REITs over rentals. Maybe not what you expected to hear, but the argument is compelling. Read about it here.

Investing 79

Investing 79