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NAR: 31% of Realtors say they feel unsafe at open houses

Housing Wire

According to the report, 31% of Realtors said they feel unsafe during an open house or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property. Realtors also have to contend with the people they allow into house. Those fears are not unfounded.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation. A settlement with the U.S.

Legal 488
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Send this letter to apartment complexes and past rental clients you’ve worked with.

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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

Saghafi has clients who recently decided to pull the trigger and move to a bigger house by selling their home that had a 2.375% mortgage rate. When an agent sees this effort, they will be more likely to send buyers, refer the loan officer to other agents through word of mouth, and even pick up some clients at an open house.

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The ‘double-edged sword’ of dual licensing

Housing Wire

Dahlhausen added that working as a loan officer is an opportunity for real estate agents to ”control the transaction” and ”ensure that the client is being taken care of” while increasing their compensation. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

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How rookie agents are faring during the pandemic

Housing Wire

At the close of 2019, the National Association of Realtors had 1.4 The pandemic forced many to take online classes, limited in-person interaction with clients and deprived them of the opportunity to observe their mentors and brokers in action. My clients went in $10,000 over asking and they probably were not even in the top three.

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HousingStack Phase 4: Lead conversion

Housing Wire

In different ways, these companies have leveraged massive amounts of data and computing power to do things like identify more accurate home values, determine who’s most likely to sell their home and what opportunities exist within your existing client database. It can also do a lot more than that.

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