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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
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Anywhere faces racketeering charges in Minnesota lawsuit

Housing Wire

The lawsuit, which alleges claims of false advertising, was filed in a U.S. The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited. district court in Minnesota by plaintiffs Michael and Lauren Campoli.

Realty 396
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Compass launches client-facing portal with listings, docs and more

Housing Wire

Within the platform’s dashboard, clients can view documents like offers, appraisals, listing contracts, open houses and more. Proponents claim that position is disingenuous and that exclusive listings dramatically limit advertising exposure for listings and thus it is detrimental to sellers.

Clients 406
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Real estate Instagram accounts: 21 agents & influencers to follow right now

Housing Wire

Coffee & Contracts: @coffeecontracts Content style: Creative marketing resources for real estate agents Coffee & Contracts is like discovering a secret weapon for your real estate business. If you want content that is sure to wow your followers and attract new leads, Coffee & Contracts has everything you need to get there.

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Offrs Review: Pros & cons, features, pricing, and alternatives

Housing Wire

Automated Digital Advertising Offrs will target these high-potential leads for you using automated digital advertising on Facebook, Instagram and Google — delivered to the most likely prospects in your zip code(s). Lead Feed: Get daily leads through proven online advertising and many data providers from relevant real estate websites.

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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

They handle property searches, showings, and contract negotiations. Marketing specialists: Marketing specialists handle the teams branding and advertising efforts. The team leader then selects other members to join the team to support their overall business objectives. Sellers agents: Listing agents specialize in representing sellers.

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‘Real Estate Insiders’ discuss commission sharing risks and alternate practices

Housing Wire

“I do not believe that you are serving your seller correctly if you are advertising compensation in advance of an offer,” Dwiggins said. Instead, he suggests that listings agents express the seller’s willingness to entertain any and all requests for compensation in the purchase contract to avoid showing the seller’s hand unnecessarily.