Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. 2022 Outlook for volume.

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Appraisal Marketing Valuation Mortgage 435

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.” “By settling, Compass is not saying that we did anything wrong.

Brokerage 482

Brokerage Realtors Agents Clients 482

Housing Wire

JANUARY 25, 2022

are completed by someone like a Realtor or gig-economy worker, and the information is then sent to the licensed appraiser to complete at their desk. HW: What innovations should the industry be looking out for in 2022? WD: There are a few major innovations lenders will be focused on for 2022. appeared first on HousingWire.

Technology 370

Technology Appraisal Modernization Valuation 370

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 478

Buyers Contracts Agents Realtors 478

Housing Wire

DECEMBER 20, 2023

It was late 2022 and Mike was feeling the pressure. You feel out a prospective client during the initial conversation, get a sense of whether they know how everything works, if they’ve spoken to another lender, if they’re going to shop you, right? The lower comp rate stung. .” Where’s the CFPB?

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Loan Officers Clients Law Legal 482

Housing Wire

MARCH 8, 2024

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. The firm was appointed as the designated settlement administrator for the suit in 2022, over a year prior to any settlement agreements being reached. Lisa is super on the pulse.

Agents 459

Agents Legal Realtors Clients 459

Housing Wire

SEPTEMBER 18, 2023

According to the FBI’s 2022 Internet Crime Report , the problem is only worsening, with an 86% increase in monetary losses in the real estate industry since 2020. According to the 2022 FBI report , phishing is the most prevalent tactic used for wire fraud today, affecting over 300,000 victims. billion in 2022.

Real Estate 459

Real Estate Clients Realtors Business 459

Housing Wire

JANUARY 30, 2024

Even as many boomers remain in the long-term renter pool, they were also the nation’s largest demographic of homebuyers in 2022. That year, they accounted for 39% of all buyers, according to the National Association of Realtors , pushing millennials out of the top spot for the first time since 2014.

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Tools Clients Realtors Development 482

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 397

Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 448

Realtors Real Estate Legal Law 448

Housing Wire

JULY 9, 2024

According to the release, in was the top firm in Berkshire County for transaction sides in 2022 and 2023. I have no doubt that together we will be even stronger and will serve all the clients and Realtors even better.” Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick.

Realty 448

Realty Real Estate Realtors Agents 448

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. In 2023, NAR raised dues from $150 to $156.

Realtors 397

Realtors Finance Agents Legal 397

Housing Wire

JULY 24, 2024

The National Association of REALTORS (NAR) membership numbers highlight this impact, with a sharp decline from a peak of nearly 1.4 As of mid-April 2024, the National Association of Realtors had about 1.5 million agents registered, down more than 100,000 from 2022. million in 2006 to about 999,000 by 2012.

Real Estate 476

Real Estate Real Estate Agent Agents Client Relationships 476

Housing Wire

NOVEMBER 26, 2024

The National Association of Realtors (NAR) and the real estate industry at large have something to be thankful for this Thanksgiving. The DOJ believes the buyer broker agreements have the potential to “limit how brokers compete for clients.” “It Judge Stephen Bough of the U.S. These parties will pay an additional sum of about $30.6

Brokerage 397

Brokerage Realtors Buyers Real Estate 397

Housing Wire

MAY 30, 2024

Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. No one else compares when it comes to brand recognition and tools to market our clients’ homes. They formerly operated the RE/MAX Revolution franchise in Watertown, Massachusetts, one of New England’s first RE/MAX franchises. DelRose Jr.

Realty 459

Realty Brokerage Real Estate Clients 459

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

NOVEMBER 8, 2023

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs.

Real Estate 459

Real Estate Realtors Sellers Agents 459

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Further, compensation is set between the brokers and their clients and is always negotiable. As the trial of Burnett v. population.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

AUGUST 28, 2023

Her sales volume was of $25,146,500 in 2022. She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors.

Real Estate Agent 370

Real Estate Agent Agents Realtors Brokerage 370

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% Add the clients’ names and the date of their closing. During the transaction process, be on the lookout for little hints from your clients about things they like or things they enjoy, then think about how you can take them to the next level.

Real Estate 462

Real Estate Clients Retail Client Relationships 462

Housing Wire

NOVEMBER 7, 2023

That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3.

Agents 435

Agents Real Estate Agent Realtors Brokerage 435

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers. I thought it was sparse.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

APRIL 16, 2024

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. Working as both an LO and agent was a way to better serve his clients, he said. For example, Realfinity pays LOs 1.4%

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

JANUARY 9, 2023

Thousands” of brokers made the switch to the wholesale channel from retail and have joined Rocket Pro TPO in 2022, Fawaz said, while declining to mention specific numbers. For 2023, mortgage products that focus on “affordability” will continue to receive love from borrowers, Fawaz said. The lender is also offering 37.5

Retail 468

Retail Mortgage Clients Buyers 468

Housing Wire

MARCH 27, 2024

The court initially certified the class in April of 2022, as it found that the class satisfied all the requirements of Federal Rule of Civil Procedure 23. In a filing, Judge Stephen Bough, who oversaw the Sitzer/Burnett trial in Oct. 2023, denied the HomeServices defendants’ motion to decertify the class.

Law 459

Law Sellers Realtors Contracts 459

Appraisal Buzz

JUNE 11, 2024

Through issuance of Circular 26-24-14 veterans will have the ability to remain competitive and not at a disadvantage in homebuying market due to changes that may result from a recent class-action settlement involving the National Association of Realtors (NAR) , slated to take effect later this summer.

Realtors 418

Realtors Real Estate Buyers Sellers 418

Housing Wire

OCTOBER 11, 2024

But the survey results also show that so-called sphere-of-influence (SOI) leads — those generated through relationships with friends, family and former clients — are often neglected and underinvested in. The median team size increased from five in 2022 to six in 2024. Another 5% said they are “nonexistent.”

Real Estate 448

Real Estate Brokerage Legal Agents 448

Housing Wire

MARCH 8, 2024

Altos Research’s Market Action Index score for the county, which has 70 municipalities, illustrates the challenges agents and their clients have faced. In March of 2022, the 90-day average Market Action Index score for the county hit a high of 93.84, before cooling over the past two years to a score of 47.98 as of March 6, 2024. “We

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

MARCH 13, 2024

I’ve had clients who just don’t want to deal with the premium costs on certain properties and say they will just find something else.” These losses are due to multiple factors, including inflation-fueled rebuilding costs, which the institute said rose 55% between 2019 and 2022. nationwide in 2023, with Farmers Insurance Group of Cos.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

MAY 1, 2024

Just six months ago, when a Missouri jury found HomeServices of America, Keller Williams and the National Association of Realtors (NAR) liable for colluding to artificially inflate real estate agent commissions , the industry’s path forward was very murky. billion in damages, as well as what the judge’s final ruling would look like.

Realtors 447

Realtors Real Estate Real Estate Agent Brokerage 447

Housing Wire

DECEMBER 3, 2021

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion.

Inventory 397

Inventory Loan Officers Clients Mortgage 397

Housing Wire

JULY 24, 2024

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Realtors in the area say that buyers who were trying to wait out the high rate environment are choosing to accept that current rates are simply the new normal.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

MARCH 1, 2023

“Through this expansion, we’re solidifying our commitment to our realtor and tax partners in a larger capacity nationwide,” Lee Trice, U.S. managing director of Opteon, said in the statement. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .

Appraisal 397

Appraisal Valuation Technology Real Estate 397

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year. He hit a record $2.47

Renovations 435

Renovations Realtors Construction Mortgage 435

Housing Wire

AUGUST 26, 2024

It kind of started before the [ National Association of Realtors ] settlement went into effect, but commission compression is a real thing,” Brian Huskey, the broker-owner of Montana-based ERA American Real Estate , said. Traditionally we were seeing commissions here in the 5% to 6% range, but now it is more like 4.5%

Brokerage 511

Brokerage Agents Real Estate Business 511

Housing Wire

FEBRUARY 16, 2024

According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I

Business 74

Business Retail Realtors Loan Officers 74