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Worth Clark’s Ryan Michaelis talks recruitment strategy and brokerage growth

Housing Wire

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 435
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Navigating agent attrition

Housing Wire

Plus, as a result of the current lawsuits, starting in August, real estate databases won’t be including offers of compensation for agents representing the buyer in a transaction. Offer Specialized Training : Providing training programs focused on rental transactions can equip agents with the necessary skills and knowledge.

Agents 396
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

Trained on the resumes of existing employees, most of whom were male, the algorithm reproduced that same bias when evaluating candidates. A serial entrepreneur and angel investor, Tim is an influential voice in the real estate and property management sectors. credit histories.

Mortgage 446
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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. Rising operating costs add to the pressure. Insurance premiums are up 27.7%

Landlords 432
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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

AI is learning all the time, which means it has to be fed and trained on accurate, up-to-date data. Multifamily renting An Uber-like experience to match today’s 30 million renters with property managers, Domino would provide tenants with a personalized readiness rating. Below is a summary of all 12 gen AI proposals.

Tools 360
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Lofty CTO Henry Li on understanding the boundaries of AI

Housing Wire

We’re a proptech company, so it’s not only Realtors who are able to use the platform, it’s adjacent businesses like mortgage brokers and property management companies. We have a lot of of conversations with users on how to diagnose a particular problem so we’re using those documents to train an AI assistant.