article thumbnail

DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? Actions since NAR banned mandatory and recommended fee schedules in 1961 and 1971, respectively, have often focused on allegations of agents steering clients.

Clients 428
article thumbnail

What Is an Appraisal? The Appraiser’s Definition

Appraisal Buzz

The appraisal is the process that you, the appraiser, undertake and complete and then report its results to the client. The Appraiser’s Definition appeared first on Appraisal Buzz. Most of the mortgage industry, financial industry, and public at large do not understand the difference. The post What Is an Appraisal?

Appraisal 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Removing the Definition of Personal Inspection

Appraiserblogs

Why is the ASB proposing to remove the definition of Personal Inspection? Related Posts: USPAP Definitions of 'His' and 'Her' The USPAP Exposure Draft Process Continues To Step Outside Their Purpose With Her / Him as the new ‘Misleading’ Debacle…. The post Removing the Definition of Personal Inspection appeared on Appraisers Blogs.

article thumbnail

Shant Banosian becomes Guaranteed Rate’s first LO to originate $1 billion

Housing Wire

“We’re constantly working on our business and taking feedback from our clients trying to understand what it is that our clients and our partners want, how to constantly be forward-thinking in terms of staying ahead of the competition, and figuring out ways to be more efficient.”

article thumbnail

Brooke Anderson-Tompkins on the ‘lifescape’ of AI

Housing Wire

It absolutely wasn’t around the headline hype, but that informed me to the extent that as I looked at the things that I was passionate about, the opportunity to incorporate artificial intelligence in the mortgage ecosystem definitely had me leaning in. SW: How does your background inform how you approach clients of BridgeAIvisory?

Design 349
article thumbnail

In a virtual learning world, do you still need to buy a house in a good school district?

Housing Wire

Hudson Santana, founder of Santana Properties in Cambridge, Massachusetts, said that his clients have been gravitating to suburbs with yards and more space, also not generally thinking about the schools and district zoning. It always came up [and] they’re not coming up at all anymore. Like, zero.

Realtors 518
article thumbnail

Anxiety grips LOs as layoffs sweep the industry

Housing Wire

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight.