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In a sluggish market, Rocket Mortgage courts brokers with pricing incentive

Housing Wire

The announcement, made in a YouTube video featuring Rocket Pro TPO Executive Vice President Mike Fawaz and Divisional Vice President Nathan Kyle, also advertised the company’s upcoming “Pro Performance Sales Training” efforts, slated to occur on Nov.

Mortgage 370
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Year of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

Housing Wire

Although many large brokerages had the education and training platforms already in place, the intensity and level of training required to get everyone up to speed in time for the business practice changes was something few had dealt with before. At NextHome, agents are no longer engaging in cooperative compensation.

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

Housing Wire

This is an experienced agent or broker who provides leads, training, mentorship, support and other resources for the team members. Marketing specialists: Marketing specialists handle the teams branding and advertising efforts. Every team member brings a particular skill set to the table. Teams are led by a team leader.

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Agents might be more tempted to switch brokerages in 2024

Housing Wire

More than half of the respondents (52%) mentioned better referrals and leads, while 44% highlighted better training and education opportunities, and 42% referenced a better commission structure and improved team support. The survey also examined agents’ priorities when choosing a brokerage to affiliate with.

Brokerage 448
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As agent and client demand rises, Real launches dedicated luxury division

Housing Wire

By establishing Real Luxury, we will be able to offer our agents who have built successful luxury practices the specialized support, training and resources they need to expand their capabilities and take their business to the next level.”

Clients 468
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DOJ announces $9M settlement with Washington Trust Company in redlining case

Housing Wire

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. It will also spend $1 million in partnerships and $1 million in advertising. The settlement does not include any civil monetary penalties.

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It’s time for real estate to do the right thing

Housing Wire

It is clear to me that any broker or real estate company pursuing workarounds, including posting compensation on their website or other advertising, will only perpetuate the same practices that got us where we are today and risk fueling a cycle of litigation.