Fri.Oct 27, 2023

article thumbnail

Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Thankfully, there are a number of online resources that can help homebuyers navigate the process. The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts.

Insurance 500
article thumbnail

Gary Keller says there’s no such thing as a standard commission

Real Estate News

Testimony from the KW co-founder as well as President Marc King closed out week 2 of Sitzer/Burnett, with both leaders denying a conspiracy.

314
314
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

As the trial of Burnett v. the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker

article thumbnail

Are health plans the latest agent recruiting tactic?

Real Estate News

As brokerage firms vie to keep their top producers and boost agent counts, some are offering new benefits, including healthcare, to stay competitive.

Agents 264
article thumbnail

FTC requires nonbank financial institutions to report data breaches

Housing Wire

Nonbank financial institutions, including mortgage brokers , motor vehicle dealers and payday lenders , must report certain data breaches and other security events to the Federal Trade Commission (FTC). According to an amendment to the Commission’s Safeguards Rule announced Friday, these companies must notify the FTC as soon as possible and no later than 30 days after the data breach.

Law 420
article thumbnail

Late eXp icon Rick Geha honored with $100K fundraiser

Inman

Rick Geha Team founder Rick Geha suddenly passed away one week after eXp's annual conference in Las Vegas. The Geha family is honoring the late agent's memory with a $100,000 fundraiser for the Oakland A's Make-A-Wish Community Fund.

Agents 192

More Trending

article thumbnail

Personal Saving Rate Drops to 3.4% in September

Eyes on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in September. The pace of personal income growth slowed after reaching a 1% monthly gain in January 2023. Gains in personal income are largely driven by increases in wages and salaries. With spending increasing faster than personal income, the September personal savings.

183
183
article thumbnail

Compass nabs four new teams in Colorado

Housing Wire

Four teams decided to make the leap to Compass in Colorado , the company announced on Thursday. The Bandemer Team , led by Corinna and Brooke Bandemer, BaseCamp Homes , led by Jon Mottern, Ivy House Group , led by Alexis Shoop and Benjamin Babbitt, and The Sundberg Group , led by Rian Sundberg, are the four latest recruits of the brokerage. “The strong value proposition of our company culture and close-to-contact technology continues to draw top-producing agents to Compass, ”Heather Bustos, reg

article thumbnail

Starving for clients? Double down on these 5 marketing basics

Inman

Nearly 25 years in, Las Vegas broker Alex Adabashi has seen the ups and downs of many markets. Learn the tried-and-true strategies he recommends to generate and convert more leads.

Clients 180
article thumbnail

With increased offer, Rithm now expected to close on Sculptor

Housing Wire

New York-based Rithm Capital, the parent company of Newrez , has received the blessing of Sculptor’s founder Daniel S. Och and his group to acquire the asset management firm for $719 million, representing a 14% increase over the original bid. The support comes three months after the deal was made public on Jul. 24. After the announcement, Rithm faced competition from a group of investors , including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass, resulting in a dispute among Sculpto

article thumbnail

Pl@tform gives @properties | Christie’s International Real Estate agents a well-integrated, stable proptech foundation: Tech Review

Inman

What started in 2005 has become the foundation for what is now a multifaceted business application that can benefit all level of agents who hang a license at an @properties | Christie’s International Real Estate office.

article thumbnail

Announcing the Zapier Partnership

GoForrmz

Originally published on 11/10/2015 Did you know about the GoFormz-Zapier partnership? In 2015, we joined forces with Zapier, the leading web automation platform enabling businesses to seamlessly link with numerous top web services. In today's modern world, companies heavily rely on a multitude of web services for diverse aspects of their operations, including billing, project tracking, and CRM functionalities.

article thumbnail

Newly funded, real estate guessing game Housle eyes expansion

Inman

Eight months after launching real estate's answer to Wordle, the home price guessing game has drawn 200,000 users from more than 150 countries. Now its creator has plans to grow even more.

article thumbnail

Reality of Today’s Appraisal Environment

Appraiserblogs

Proving discriminatory activity is hard, which is probably one reason HUD is dragging their collective feet in resolving the filed complaints. The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. You really need to read it, perhaps again, if you saw it come through your email on Wednesday October 25.

Appraisal 133
article thumbnail

Should your dream team be super-sized or narrowly niched?

Inman

While your professional journey is a personal one, luxury consultant Chris Pollinger says it's easier when you aren't trying to go it alone. Join with like-minded individuals and building a team that's right for you can make all the difference.

Brokerage 176
article thumbnail

Strange Properties Appraisers Have Seen

Appraisal Today

Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. Recently we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” While some appraisers discussed atypical and challenging properties, others shared stories of strange encounters ranging from surprising to creepy to downright scary.

article thumbnail

7 massive mistakes most real estate agents are making right now

Inman

The best way to learn is from the mistakes of others, and right now, many agents are making critical mistakes that are leading to business destruction, writes Jimmy Burgess. Here’s how you can avoid their mistakes and fill in the holes they’re creating when committing these errors.

article thumbnail

Commercial vs Residential Real Estate: Which Investment is Best?

BiggerPockets

Whether you’re new to real estate investing or have been investing for a while, you’ve probably asked yourself if commercial or residential real estate is a better investment. The truth is, neither option is better than the other—both have pros and cons that investors need to evaluate to determine which investment type is right for them.

article thumbnail

Las Vegas brokerage leans into spooky season with ‘Saw’ parody

Inman

Simply Vegas got into the Halloween spirit with their latest recruitment video, a take on the popular "Saw" horror movie franchise.

Brokerage 192
article thumbnail

401k vs Real Estate: Which Is Best for Retirement?

BiggerPockets

Deciding between a 401k and real estate investment for retirement is a critical choice that will affect you now and in the future. Both have unique benefits and drawbacks, and understanding them can help you navigate the path to a more secure financial future.

article thumbnail

What you should know about Sitzer | Burnett Week 1: Inman’s Top 5

Inman

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 21 - 26, 2023.

Agents 181
article thumbnail

Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

October 26, 2023 – At the annual 2024 Massachusetts Association of REALTORS® Installation of Officers & Directors held at the Danversport Yacht Club on Thursday, October 26 th , Amy Wallick was sworn in as MAR President. Amy, a top REALTOR® out of the Lamacchia Beverly branch office , was sworn in as President-Elect last December and became a member of the MAR Executive Committee.

article thumbnail

Corcoran announces 1st Canadian franchise to launch in Toronto

Inman

Corcoran will launch Corcoran Horizon Realty in Toronto, Ontario, through its partnership with the brokerage formerly known as Rego Realty.

Realty 180
article thumbnail

Real Estate vs Real Property: What’s the Difference?

BiggerPockets

The concepts of real estate vs real property represent different aspects of property ownership. Real estate is defined as a physical property and any attachments or improvements made to it. Real property comes with a bundle of common law rights that extend beyond the physical existence of the property.

article thumbnail

3 hauntingly good tips for elevating your Halloween marketing

Inman

Learn how Los Angeles Realtor Sierra Schotts turned her latest listing into an opportunity to have some fun during spooky season.

Realtors 157
article thumbnail

Rookie Reply: Non-Renewal Notices, Rental Arbitrage, and Hard Money 101

BiggerPockets

If a potential tenant approaches you about Airbnb rental arbitrage, you may wonder if there’s a catch. Are you responsible for damages? What if you encounter a noisy guest?

Tenants 66
article thumbnail

What does the latest Bank of Canada decision mean for homeowners?

Mortgagebroker News

CEO on the 'good news, bad news' scenario presented by the Bank's October announcement

85
article thumbnail

The Right Time to Buy Your First Home: A Guide for Aspiring Homeowners

Eppraisal

Introduction Buying a home is a significant milestone in many people's lives. It's a decision that comes with both emotional and financial implications, and determining the right time to take this step requires careful consideration. In this article, we will explore various factors that can help you identify when the optimal time to buy your first home might be.

article thumbnail

GTA remains an industrial market hotspot, says Avison Young

Mortgagebroker News

The GTA industrial segment's powerhouse performance is showing no signs of waning, according to Avison Young

article thumbnail

What Is a Home Equity Line of Credit?

Assurance Financial

What Is a Home Equity Line of Credit? Homeownership comes with a wide range of benefits. One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. You can also use it to obtain funds via a second mortgage like a home equity line of credit , or HELOC.

article thumbnail

What's next for the Bank of Canada? Hike, hold or cut?

Mortgagebroker News

BMO chief economist lays out the central bank's possible next steps

85
article thumbnail

Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

KANSAS CITY, Missouri — The final day of the second week of the Sitzer/Burnett commission lawsuit trial began with some procedural news. After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. The other defendants in the suit, HomeServices of America and Keller Williams , had previously filed motions for judgment as a matter of law , but both were denied.

Agents 458
article thumbnail

Top Mortgage Employers 2024: Entries now open

Mortgagebroker News

Canadian Mortgage Professional is on a search for the industry's best workplaces

article thumbnail

What Is Probate Real Estate And How Does It Work? A Complete Guide

Houston Properties

Learn everything you need to know about probate for real estate. Delivered to you by the experts in Houston real estate.