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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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NAR alternative now has 3,800 members 

Housing Wire

I think it’s exactly what real estate agents need and what the industry has not been able to offer until now,” Berkin said in a statement. So why should agents have this requirement?” In April, AREA launched its first advocacy push, calling on housing regulators to revise lending guidelines in the U.S.

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FTC bans noncompete clauses nationwide

Housing Wire

Chamber of Commerce has vowed to take legal action against the FTC, according to a statement calling the ban “an unlawful power grab.” Most real estate agents are freelance employees, but some mortgage loan officers, account executives and marketing personnel are bound by such agreements. labor force.

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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The goal is to build and amplify the affiliated agents’ own brands, Kasle explained.

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A Log Home Valuation

Appraisal Buzz

With all the construction of log homes, there needs to be legal and competent appraisals for these homes. However, the Highest and Best Use Analysis tells us that a log home must be legally compliant and/or Legally Permissible and the findings of the analysis must be relayed to the intended user of the report.

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UWM rolls out construction-to-permanent loans

Housing Wire

The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Bank Home Mortgage and Planet Home Lending declined to comment.

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