article thumbnail

10 essential skills real estate agents should possess

Housing Wire

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. Another hat to place on your head?

article thumbnail

The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Insiders

Sign Up for our Newsletter

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

article thumbnail

RESPA enforcement is back — are you ready?

Housing Wire

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

article thumbnail

The influencer’s edge: Thriving in real estate during times of change

Housing Wire

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. For loan officers: Script : “Market changes bring new opportunities.

article thumbnail

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.” It’s not common practice in the mortgage and real estate industries to make use of noncompetes. labor force.

article thumbnail

Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo.

Finance 318
article thumbnail

A shift in strategy? Rocket Mortgage looks to hire local LOs 

Housing Wire

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.