Fri.Oct 27, 2023

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Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Thankfully, there are a number of online resources that can help homebuyers navigate the process. The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts.

Insurance 511
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Gary Keller says there’s no such thing as a standard commission

Real Estate News

Testimony from the KW co-founder as well as President Marc King closed out week 2 of Sitzer/Burnett, with both leaders denying a conspiracy.

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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

As the trial of Burnett v. the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker

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Are health plans the latest agent recruiting tactic?

Real Estate News

As brokerage firms vie to keep their top producers and boost agent counts, some are offering new benefits, including healthcare, to stay competitive.

Agents 286
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

KANSAS CITY, Missouri — The final day of the second week of the Sitzer/Burnett commission lawsuit trial began with some procedural news. After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. The other defendants in the suit, HomeServices of America and Keller Williams , had previously filed motions for judgment as a matter of law , but both were denied.

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FTC requires nonbank financial institutions to report data breaches

Housing Wire

Nonbank financial institutions, including mortgage brokers , motor vehicle dealers and payday lenders , must report certain data breaches and other security events to the Federal Trade Commission (FTC). According to an amendment to the Commission’s Safeguards Rule announced Friday, these companies must notify the FTC as soon as possible and no later than 30 days after the data breach.

Law 448
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Late eXp icon Rick Geha honored with $100K fundraiser

Inman

Rick Geha Team founder Rick Geha suddenly passed away one week after eXp's annual conference in Las Vegas. The Geha family is honoring the late agent's memory with a $100,000 fundraiser for the Oakland A's Make-A-Wish Community Fund.

Agents 197
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eXp launches new equity incentive program, Thrive, to recruit more teams

Housing Wire

eXp Realty launched a new program to attract more teams, the Thrive program, to agents in the United States and Canada, the company announced Friday. Earlier this year, the company launched its Boost Program , followed by the Accelerate Program , to incentivize independent teams, brokerages and agents to join eXp Realty. With this latest vesting schedule, team leaders who onboard will receive a non-cash equity award proportionate to their previous 12-month production, according to a news releas

Realty 435
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What you should know about Sitzer | Burnett Week 1: Inman’s Top 5

Inman

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 21 - 26, 2023.

Agents 188
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Compass nabs four new teams in Colorado

Housing Wire

Four teams decided to make the leap to Compass in Colorado , the company announced on Thursday. The Bandemer Team , led by Corinna and Brooke Bandemer, BaseCamp Homes , led by Jon Mottern, Ivy House Group , led by Alexis Shoop and Benjamin Babbitt, and The Sundberg Group , led by Rian Sundberg, are the four latest recruits of the brokerage. “The strong value proposition of our company culture and close-to-contact technology continues to draw top-producing agents to Compass, ”Heather Bustos, reg

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Pl@tform gives @properties | Christie’s International Real Estate agents a well-integrated, stable proptech foundation: Tech Review

Inman

What started in 2005 has become the foundation for what is now a multifaceted business application that can benefit all level of agents who hang a license at an @properties | Christie’s International Real Estate office.

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With increased offer, Rithm now expected to close on Sculptor

Housing Wire

New York-based Rithm Capital, the parent company of Newrez , has received the blessing of Sculptor’s founder Daniel S. Och and his group to acquire the asset management firm for $719 million, representing a 14% increase over the original bid. The support comes three months after the deal was made public on Jul. 24. After the announcement, Rithm faced competition from a group of investors , including Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass, resulting in a dispute among Sculpto

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Corcoran announces 1st Canadian franchise to launch in Toronto

Inman

Corcoran will launch Corcoran Horizon Realty in Toronto, Ontario, through its partnership with the brokerage formerly known as Rego Realty.

Realty 187
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Personal Saving Rate Drops to 3.4% in September

Eyes on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in September. The pace of personal income growth slowed after reaching a 1% monthly gain in January 2023. Gains in personal income are largely driven by increases in wages and salaries. With spending increasing faster than personal income, the September personal savings.

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Starving for clients? Double down on these 5 marketing basics

Inman

Nearly 25 years in, Las Vegas broker Alex Adabashi has seen the ups and downs of many markets. Learn the tried-and-true strategies he recommends to generate and convert more leads.

Clients 186
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New Homes Built with Private Wells and Individual Septic Systems in 2022

Eyes on Housing

NAHB tabulation of data from the Survey of Construction (SOC) indicates shares of new single-family homes built with private wells and individual septic systems increased in 2022, compared with the previous year. About 10% of new single-family homes started in 2022 were served by individual wells and 18% had private septic systems. These shares, however, vary widely across the nine.

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Newly funded, real estate guessing game Housle eyes expansion

Inman

Eight months after launching real estate's answer to Wordle, the home price guessing game has drawn 200,000 users from more than 150 countries. Now its creator has plans to grow even more.

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Announcing the Zapier Partnership

GoForrmz

Originally published on 11/10/2015 Did you know about the GoFormz-Zapier partnership? In 2015, we joined forces with Zapier, the leading web automation platform enabling businesses to seamlessly link with numerous top web services. In today's modern world, companies heavily rely on a multitude of web services for diverse aspects of their operations, including billing, project tracking, and CRM functionalities.

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Alternative financing can offer a world of options for diverse buyers

Inman

Keller Williams Head of Inclusion and Belonging Julia Lashay Israel outlines the way non-interest loans serve religious communities with restrictions on borrowing while for non-citizens, ITIN loans open doors to homeownership.

Finance 183
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Reality of Today’s Appraisal Environment

Appraiserblogs

Proving discriminatory activity is hard, which is probably one reason HUD is dragging their collective feet in resolving the filed complaints. The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. You really need to read it, perhaps again, if you saw it come through your email on Wednesday October 25.

Appraisal 116
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Should your dream team be super-sized or narrowly niched?

Inman

While your professional journey is a personal one, luxury consultant Chris Pollinger says it's easier when you aren't trying to go it alone. Join with like-minded individuals and building a team that's right for you can make all the difference.

Brokerage 183
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Commercial vs Residential Real Estate: Which Investment is Best?

BiggerPockets

Whether you’re new to real estate investing or have been investing for a while, you’ve probably asked yourself if commercial or residential real estate is a better investment. The truth is, neither option is better than the other—both have pros and cons that investors need to evaluate to determine which investment type is right for them.

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7 massive mistakes most real estate agents are making right now

Inman

The best way to learn is from the mistakes of others, and right now, many agents are making critical mistakes that are leading to business destruction, writes Jimmy Burgess. Here’s how you can avoid their mistakes and fill in the holes they’re creating when committing these errors.

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401k vs Real Estate: Which Is Best for Retirement?

BiggerPockets

Deciding between a 401k and real estate investment for retirement is a critical choice that will affect you now and in the future. Both have unique benefits and drawbacks, and understanding them can help you navigate the path to a more secure financial future.

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3 hauntingly good tips for elevating your Halloween marketing

Inman

Learn how Los Angeles Realtor Sierra Schotts turned her latest listing into an opportunity to have some fun during spooky season.

Marketing 163
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Real Estate vs Real Property: What’s the Difference?

BiggerPockets

The concepts of real estate vs real property represent different aspects of property ownership. Real estate is defined as a physical property and any attachments or improvements made to it. Real property comes with a bundle of common law rights that extend beyond the physical existence of the property.

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What does the latest Bank of Canada decision mean for homeowners?

Mortgagebroker News

CEO on the 'good news, bad news' scenario presented by the Bank's October announcement

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Rookie Reply: Non-Renewal Notices, Rental Arbitrage, and Hard Money 101

BiggerPockets

If a potential tenant approaches you about Airbnb rental arbitrage, you may wonder if there’s a catch. Are you responsible for damages? What if you encounter a noisy guest?

Tenants 90
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What's next for the Bank of Canada? Hike, hold or cut?

Mortgagebroker News

BMO chief economist lays out the central bank's possible next steps

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Navigating Property Division in Divorce: The Crucial Role of Appraisals

Boston Appraisal

Divorces are difficult and stressful processes that involve many legal and financial issues. One of the most important and complex aspects of divorce procedures is dividing the marital property, especially the family home. In order to ensure a fair and equitable distribution of assets, it is essential to obtain a professional, and accurate property appraisal in a divorce case.

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Can Canadians afford to buy homes?

Mortgagebroker News

A new report suggests not…

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