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Brokers prepare for changes after Sitzer/Burnett commission lawsuit verdict

Housing Wire

Pearson also has concerns about what this will now mean for how she and her agents handle client meetings or how to word things on open house fliers. “I I am working with an attorney to figure out how we are going to talk to people that come into open houses and what language we use on open house fliers,” Pearson said.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

These efforts include having open house programs to help seller agents and co-marketing home listings with these professionals, using social media to reach borrowers, and sometimes buying leads, according to Kortas. “You Assisting homebuyers and their agents adds more to an LO’s plate. As lenders, we are avidly against that.

Buyers 498
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. In fact, the first question any good lender will ask is: “What’s your total monthly budget for housing?” Neighbors can provide valuable, first-hand insight into the area without being bound by legal or professional standards.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 378
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CFPB: lenders engaged in redlining, reported bad data

Housing Wire

In the lender’s direct marketing and open house materials, the models were white. Lenders gave less compensation for bond loans subject to the requirements of a state Housing Finance Agency. The lender’s offices were concentrated in white neighborhoods, and nearly all of its loan officers were white.

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The ‘double-edged sword’ of dual licensing

Housing Wire

Having to be somebody’s confidant, go to open houses and advise on the real estate part would be ”tough,” he said. He did an open house on Sunday and had 70 people come through, but many were not prequalified yet. But experts believe that there are legal uncertainties and potential sham arrangements. ”If

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16 real estate prospecting ideas, tips & tools for 2023

Housing Wire

Traditional prospecting involves more direct or physical methods like cold calling, door knocking, direct mail campaigns, and hosting open houses or community events. Additionally, hosting webinars on topics like home buying tips, market trends, or financing options positions agents as knowledgeable resources in the industry.