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Kickback accusations nothing more than government abuse and overreach, Pennsylvania mortgage brokerage says

Housing Wire

According to the complaint, Newhart and the other defendants transferred “things of value,” specifically underpriced, nonvoting stock in Newhart-owned mortgage brokerages to real estate agents and brokers, who in return referred their clients back to the Newhart-owner mortgage brokerages.

Brokerage 247
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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Report warns that percentage-based agent commissions could harm consumers

Housing Wire

Here, as well, the harder and smarter the buyers agent negotiates on behalf of her client, the less she gets paid at closing. A 2015 study published by the American Economic Association found that real estate agents who purchased homes for themselves paid approximately 4% less than the prices their clients paid.

Agents 364
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Evergreen Home Loans expands to five Southeast states

Housing Wire

Evergreen said in its announcement that it has been “laying the groundwork for Southeast expansion by developing and strengthening key new business segments, including builder partnerships, affinity partnerships, and real estate agent partnerships.” billion in the past 12 months.

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday.

Buyers 532
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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

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Redfin makes its big rental play with RentPath acquisition

Housing Wire

After a deal to be acquired by CoStar Group fell through due to antitrust objections from the federal government, real estate brokerage and listings portal Redfin has scooped up the Atlanta-based rental platform. ” The company said it isn’t going to be hiring real estate agents to represent agents in 2021.