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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do? Let’s dive in!

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Where Are Home Prices Rising the Quickest?

Appraisal Buzz

Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. In Miami, the typical home that went under contract last month sat on the market for 94 daysmore than any other major metro.

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Home sale cancellations hit record high in January

Housing Wire

Florida is experiencing a slowdown as the state faces rising home insurance costs, HOA fees, and increasing risks from natural disasters. Some real estate agents are advising buyers to monitor homes they missed out on, as deals are falling through at a higher rate. Las Vegas 17.9% Houston 17.8% Jacksonville, Fla.

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Active Home Listings Hit Four-Year High

Appraisal Buzz

The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. Theres a lot of inventory, but it doesnt feel like enough, said Meme Loggins, a Redfin Premier Real Estate Agent in Portland, Oregon. a year earlier. In Tampa, 56.9% percentage points from a year earlier.

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Real estate firms may be on the hook for wire fraud losses: CertifID

Housing Wire

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.

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In the race to modernize title, firms double down on software

Housing Wire

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. As title insurers our business practices and our regulatory oversight are different in every single state,” Stone said. “So

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The growing threat of phishing attacks on the mortgage industry

Housing Wire

Michele Buschman, chief information officer at American Pacific Mortgage , said that hackers will insert themselves within a mortgage transaction and pretend to either be a real estate agent, a title escrow company, or the LO, and send an email asking the borrower for a wire transfer, or will send them a link that needs to be clicked on.