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First American fined $1 million for illegal perks to agents

Housing Wire

will pay a $1 million fine for improper benefits given to California real estate agents. The marketing representative was identified as Eugene Bleecker, now a former First American employee, who was providing said benefits to his Los Angeles-based group Advisory Group Real Estate Network. First American Title Co.

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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. .” Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

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14 powerful tips to master networking as an introvert in real estate

Housing Wire

As an introverted real estate agent and coach, I know firsthand how challenging networking can be. I started Move Over Extroverts to teach other agents how to face their fears and clear this common hurdle. Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together.

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9 savvy strategies to get more real estate referrals

Housing Wire

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Sometimes, a real estate agent may choose not to work with a specific buyer or seller. Many people expect it, especially from real estate agents.

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Opinion: The invasion of the flat-fee, low-cost real estate brokerage

Housing Wire

Real estate agents under their flag get to keep 100% of the commission earned in a transaction. Some may also charge other fees for such things as Errors & Omissions insurance, desk rental, technology, etc. In reality, agents are keeping somewhere between 92 to 98 cents on the dollar with these flat-fee firms.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Sincerely, (your name) (your brokerage) (your phone number) (your email) Click to copy to clipboard The ‘for sale by owner’ or FSBO letter Audience: For sale by owners Format: Typed letter in an envelope, handwritten address For sale by owner sellers are typically very cautious around real estate agents.

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).

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