Housing Wire

SEPTEMBER 7, 2023

While tax planning is a year-round task, real estate agents can take some specific actions before the New Year to significantly cut their taxable income. For instance, you might also work at a coffee shop, co-working space, and meet clients in their homes. This content should not be considered accounting or legal advice.

Real Estate Agent 382

Real Estate Agent Real Estate Agents Business 382

Housing Wire

NOVEMBER 1, 2023

I’ve been an agent for 15 years, so I can’t aid in that. The researchers scraped this data from Redfin’s website over several months and amassed what they believe to be “the first systematic, nationwide evidence that buyer agents do in fact steer clients away from properties that offer low buyer commissions.”

Clients 446

Clients Agents Buyers Sellers 446

Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages.

Legal 357

Legal Brokerage Real Estate Modernization 357

Housing Wire

AUGUST 1, 2024

They also brought in a forms specialist, who really dug into the new forms to really explain them to us, so we know when and how to use each one and so we can explain the contracts to our clients in plain English.” And the agents are scared,” Lamacchia said.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Business 389

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 416

Real Estate Agent Loan Officers Real Estate Agents 416

Housing Wire

OCTOBER 27, 2023

Further, compensation is set between the brokers and their clients and is always negotiable. Real estate agents know city and county property taxes. They use their experience and expertise to negotiate on behalf of their client. And if those same consumers had to go it alone without buyer representation?

Real Estate Agent 481

Real Estate Agent Real Estate Realtors Buyers 481

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 396

Real Estate Agent Real Estate Brokerage Law 396

Appraisal Buzz

JUNE 17, 2024

Traditionally, it has been expected that when hiring an agent to assist in selling a home, there would also be a 3% commission to the seller agent. This practice, though not legally mandated in most states, had become the norm. This collaboration can help agents provide a more comprehensive service package to their clients.

Appraisal 370

Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions.

Agents 373

Agents Legal Real Estate Agent Buyers 373

Housing Wire

DECEMBER 23, 2024

The Jason Mitchell Group and its founder, Jason Mitchell, allegedly participated by referring thousands of clients to Rocket’s companies. The lawsuit details practices including $250 “Dog Bone” gift cards awarded to agents who made the most referrals to Mitchell’s preferred partners, including Rocket Mortgage.

Real Estate 407

Real Estate Brokerage Clients Agents 407

Housing Wire

MARCH 8, 2024

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. Lisa is super on the pulse.

Agents 396

Agents Legal Realtors Clients 396

Housing Wire

NOVEMBER 5, 2023

Through consistent and strategic prospecting, agents can create a steady flow of leads, ensuring continuous business opportunities. The objective is to build relationships, understand the needs of potential clients, and position yourself as a go-to resource when they are ready to buy or sell real estate.

Real Estate 405

Real Estate Tools Real Estate Agent Open Houses 405

Housing Wire

AUGUST 2, 2024

Singh emphasizes the importance of using accurate data for real estate decision-making. He said that CoreLogic uses data to create sources of truth for clients to make accurate decisions. Singh explains that general AI models cannot answer detailed real estate-related prompts without referring to general resources.

Real Estate 396

Real Estate Clients Tools Development 396

Housing Wire

NOVEMBER 20, 2024

The balance request includes additional damages for legal fees and a jury trial. Tal and Oren Alexander were superstars among real estate agents in New York City and Miami, having represented ultra wealthy clients at Douglas Eliman before leaving to found Official in 2022.

Legal Fees 333

Legal Fees Real Estate Agent Brokerage Legal 333

Housing Wire

AUGUST 22, 2024

In the complaint, Homie claims that it is bringing this legal action to “recover the damages…suffered as an excluded competitor foreclosed by the Defendants’ conduct from effective competition in the relevant market.” Local associations of NAR in Utah encouraged agents to steer clients away from Homie—one of their own members.”

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 358

Agents Real Estate Agent Brokerage Realty 358

Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

Legal 452

Legal Realtors Agents Brokerage 452

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). In the process, American consumers can count on a real estate agent to look out for their needs and provide critical, expert advice. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out.

Buyers 513

Buyers Agents Mortgage Real Estate Agent 513

Housing Wire

NOVEMBER 9, 2023

With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal issues NAR is currently facing in the public. NAR’s approach exhibits a lack of emphasis on making real estate agents substantially better at what they do.

Real Estate Agent 376

Real Estate Agent Real Estate Agents Realtors 376

Housing Wire

DECEMBER 27, 2024

Our goal is to help educate you on what a real estate team is, how they work and the types of agents who thrive on teams. How do real estate teams work? However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients.

Real Estate 345

Real Estate Tools Agents Real Estate Agent 345

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. “I

Legal 358

Legal Real Estate Real Estate Agent Law 358

Housing Wire

JUNE 13, 2024

According to a report published Thursday by wire fraud prevention firm CertifID , real estate agents , brokers and title companies are increasingly being held accountable if a consumer loses money. As a custodian of funds, you are in a position of trust and knowledge.

Real Estate 403

Real Estate Insurance Legal Training 403

Housing Wire

NOVEMBER 28, 2023

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. Your clients need a guide, and you are poised to be that guiding light. This is your moment.

Real Estate 301

Real Estate Real Estate Agent Loan Officers Clients 301

Housing Wire

MARCH 11, 2022

accessing “password-protected” company computers to steal client data. According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. and 5:30 a.m.

Real Estate 293

Real Estate Realty Real Estate Agent Contracts 293

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 366

Real Estate Real Estate Agent Agents Brokerage 366

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers.

Real Estate 447

Real Estate Realtors Sellers Agents 447

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo. Quo raised $7.2

Finance 302

Finance Real Estate Agent Loan Officers Legal 302

Appraisal Buzz

SEPTEMBER 23, 2024

Tuesday morning will bring the Legal League Default Servicer Certification: Level I course. Connect with industry peers, share best practices, and elevate your REO management skills at this exclusive gathering for real estate agents. On Wednesday, the Five Star Academy Class Pass-Powered by the FORCE will be held.

Legal 397

Legal Realty Project Management Real Estate 397

Housing Wire

DECEMBER 6, 2023

This holds true for many of the most challenging situations in real estate. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. It’s essential to set clear communication expectations early so you and your client are on the same page.

Real Estate 401

Real Estate Legal Tenants Clients 401

Housing Wire

JULY 30, 2024

Many times, the home the agent is listing is not the perfect fit for the buyer, so the listing agent can offer their expertise in the market to the buyer as a buyer’s agent and find a better house for the client and earn another commission. The most important asset an agent has is their reputation.

Agents 345

Agents Real Estate Agent Real Estate Buyers 345

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” The work you do as agents and brokers moves New York City forward.

Real Estate Agent 360

Real Estate Agent Real Estate Agents Brokerage 360

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 403

Realtors Contracts Real Estate Agents 403

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 271

Real Estate Legal Clients Brokerage 271

Housing Wire

OCTOBER 11, 2024

But the survey results also show that so-called sphere-of-influence (SOI) leads — those generated through relationships with friends, family and former clients — are often neglected and underinvested in. Large teams also staff for recruiting, agent support, coaching and operations much more often than smaller teams.

Real Estate 409

Real Estate Brokerage Legal Agents 409

Housing Wire

MARCH 28, 2024

Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?”

HOA 423

HOA Property Management Real Estate Agent Technology 423

Housing Wire

NOVEMBER 22, 2023

Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

HOA 416

HOA Real Estate Agent Technology Real Estate 416