Housing Wire

SEPTEMBER 19, 2023

Appraisals make for realistic pricing You may want to encourage clients who are selling their homes to get an appraisal before they list their home. This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal.

Real Estate 453

Real Estate Appraisal Agents Inspection 453

Housing Wire

DECEMBER 27, 2023

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. On Friday, it notified clients that it had taken its email system offline and that recipients should be wary of any emails that come through from FirstAm.com.

Sellers 499

Sellers Insurance Valuation Technology 499

Housing Wire

SEPTEMBER 19, 2024

Simultaneously, I have heard this common refrain from eager homebuyers: “I qualify for an FHA (or VA ) home loan, but I’m having a hard time getting my offer accepted by a home seller. Have you ever heard that before or some variation? If so, then you probably know the answer can be summed up in four words: “Source of income” discrimination.

Legal 343

Legal Sellers Real Estate Inspection 343

Housing Wire

JULY 30, 2024

The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. Per the court documents, Hanna had a duty to disclose these prior actions to Turturro before recruiting him, which did not happen.

Sellers 330

Sellers Business Mortgage Contracts 330

Housing Wire

JULY 10, 2024

We’ll walk you through the steps to creating an impressive, concise, and attractive listing presentation document, which you can present in hard copy or digital format. Research market data Your work begins once you and your client have set an appointment to meet. Seller / Buyer/ Balanced). What is their family size?

Sellers 372

Sellers Real Estate Agents Clients 372

Housing Wire

MAY 20, 2024

While the settlement does not address this issue directly, the Department of Justice (DOJ) Statement in the Nosalek lawsuit does: Buyers would have the ability to request in their purchase offer that the sellers pay a specified amount to the buyer broker from the proceeds of the home sale. In a seller’s market, that may well occur.

Buyers 357

Buyers Agents Counter Offer Sellers 357

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 301

Real Estate Legal Clients Brokerage 301

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 360

Real Estate Legal Sellers Technology 360

Housing Wire

FEBRUARY 16, 2024

“The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. 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.

Sellers 435

Sellers Buyers Real Estate Contracts 435

Housing Wire

MAY 25, 2023

The platform grants authorized parties secure access to order status, documents, and milestones, catering to the demands of clients and all transaction participants. “ClosingsLIVE is a gamechanger app for SoftPro customers and the clients they serve,” Patrick Hempen , SoftPro’s chief customer officer, said.

Realtors 314

Realtors Clients Agents Real Estate 314

Housing Wire

MAY 9, 2024

Most of this information typically would be provided in a Plan of Allocation, a document routinely provided before the opt-out date.” In a document filed on Wednesday, the Spring Way Center, supported the South Carolina objector’s motion, writing that it was objecting to the “fairness and adequacy” of Anywhere’s settlement amount.

Brokerage 385

Brokerage Realty Sellers Real Estate 385

Housing Wire

AUGUST 14, 2024

“We are changing our approach with a lot of things, and we are doing that with the collateral we put out, there is a video series we put out, and there are obviously conversation we are having with sellers on what it is they need to do, how it needs to be done and what their options are for doing it,” Harvey said.

Agents 390

Agents Sellers Buyers Contracts 390

Housing Wire

MARCH 25, 2024

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 406

Agents Advertising Real Estate Sellers 406

Housing Wire

MAY 29, 2024

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. His team is now “scouring” bank statements, and if they see BNPL loans, they ask clients to pay them off.

Mortgage 386

Mortgage Clients Sellers Loan Officers 386

Housing Wire

OCTOBER 25, 2023

Ketchmark then discussed the agreements HomeServices franchisees have their clients sign. He also noted that he expects HomeServices agents to act as fiduciary to their clients and follow the NAR Code of Ethics. It’s a negotiation with the seller.” The value I add, I believe, is worth 6%.

Sellers 408

Sellers Realtors Agents Buyers 408

Housing Wire

JUNE 24, 2024

These include new fields where sellers can list potential concessions, allowances, listing media and documentation, as well as new buyer agreements, listing agreements, listing addendums and input forms. We are very proactive in our rule making and normally make changes before they become issues in the marketplace.

Realtors 296

Realtors Agents Clients Real Estate 296

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Technology 267

Technology Tools Buyers Sellers 267

Appraisal Buzz

MAY 3, 2024

From the same five-minute scan that CubiCasa’s worldwide user base is already familiar with, users can now generate detailed property data via The Home Report, and helpful imagery for property documentation purposes via Snapshots. The feature also simplifies MLS data entry with easy-to-copy room measurements and important property details.

Open Houses 195

Open Houses Inspection Sellers Buyers 195

Housing Wire

OCTOBER 24, 2023

This means sellers wind up paying inflated commissions at closing. Goldberg said the rule needs to be mandatory, because cooperating participants have a right to know how they will be compensated prior to working with clients. In his testimony, Goldberg maintained that the current system promotes an efficient marketplace.

Realtors 417

Realtors Agents Clients Sellers 417

Housing Wire

MARCH 22, 2024

In a document filed with the Securities and Exchange Commission on Friday morning, the Robert Reffkin-helmed firm announced that it had reached a nationwide settlement in relation to the Umpa and Gibson suits on Thursday. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.”

Brokerage 430

Brokerage Realtors Agents Clients 430

McKissock

MAY 4, 2021

Just about every market across the United States saw a huge influx of first-time homebuyers and sellers as a result of record-low mortgage rates and the desire for more space. In today’s hot market you have to move quickly, so help them be prepared mentally and have any documents needed at hand. Become a CE Plus Member today !

Sellers 95

Sellers Marketing Buyers Real Estate 95

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. In fact, you will become known as a true professional and receive repeat and referral business as a result of doing the best job possible for your clients. Are they relocating?

Clients 408

Clients Real Estate Inspection Buyers 408

Housing Wire

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said. “The

Sellers 402

Sellers Agents Buyers Realtors 402

Housing Wire

AUGUST 11, 2021

Capacity provides everything you need to support your borrowers, sellers, and support staff in one powerful platform. Capacity connects apps, mines documents, captures tacit knowledge, and automates processes—all through a mobile-friendly chat interface. #2. Product Fast Facts. #1. Get More Info.

Mortgage 289

Mortgage Sellers Clients Business 289

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

Real Estate 437

Real Estate Sellers Technology Real Estate Agent 437

Housing Wire

MAY 10, 2021

HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. David Doctorow : We feel for home buyers and sellers. DD: The first step is educating yourself about what’s available and possible for today’s home buyers and sellers. .

Real Estate Agent 420

Real Estate Agent Real Estate Agents Marketing 420

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 390

Agents Buyers Training Law 390

McKissock

JUNE 26, 2022

Without accounting for your real estate clients’ common needs and expectations , you might be underperforming and risk losing their business. Here are nine things your real estate clients are expecting from you as their real estate professional: 1. So, take the appropriate steps to ensure your clients don’t feel ignored.

Real Estate Agent 66

Real Estate Agent Clients Real Estate Agents 66

Housing Wire

JULY 28, 2021

According to the National Association of Realtors 2021 Home Buyers & Sellers Generational Trends Report , 84% of buyers 30 years and younger cite “helped buyer understand the process” as the most important benefit provided by real estate agents during the home purchase process. Adept at sending the occasional market insights report?

Brokerage 545

Brokerage Real Estate Clients Agents 545

Boston Appraisal

AUGUST 17, 2023

If you or your client are facing a situation where an appraisal is challenged or disputed, you need to have a solid strategy to defend or contest the appraisal. If possible, obtain references or testimonials from previous clients or peers of the appraiser. Check for any disciplinary actions or complaints against the appraiser.

Clients 78

Clients Appraisal Market Value Property Taxes 78

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1:

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

SEPTEMBER 13, 2023

Industry players who spoke with HousingWire agree that the level of repurchase demands has increased this year and that is having an impact on some buyers and sellers of MSRs. If you [as an MSR seller] push the edge of the envelope, I’m probably going to walk away [from the deal].” Is it affecting the MSR market? “I

Marketing 391

Marketing Sellers Buyers Mortgage 391

Housing Wire

SEPTEMBER 6, 2023

Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. We are not going to defend this case anymore,’ so that will definitely lead to changes.”

Buyers 423

Buyers Agents Realtors Sellers 423

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

Real Estate 391

Real Estate Real Estate Agent Tools Agents 391

Housing Wire

JANUARY 13, 2021

Coined as Seller Digital, the platform will also allow secondary market lenders to track and validate any Mandatory commitments they are working on in the pipeline. “To The tech will assess the completeness of the loan package when sellers upload required documents and set conditions when information is missing.

Mortgage 269

Mortgage Sellers Technology Real Estate Agent 269

Housing Wire

MARCH 27, 2024

I’ve had clients who have family members as real estate agents and still decide to work with me because they understand the value and knowledge I provide. A seller and agent/brokerage either agrees to the terms and compensation or they don’t. When I go to listing appointments a seller asks what my commission is.

Real Estate Agent 292

Real Estate Agent Real Estate Agents Sellers 292