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DOJ sues Rocket, appraisal companies over alleged discrimination

Housing Wire

The homeowner submitted a complaint to the HUD, which concluded that the defendants violated the Fair Housing Act , and referred the matter to the DOJ. After she complained to Rocket Mortgage, the company canceled her refinance application. This is the second appraisal bias case involving a top-10 lender and a powerful regulator.

Appraisal 511
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Taking Foreclosures Beyond Judicial and Non-Judicial Actions

Appraisal Buzz

Non-Uniform Foreclosures was inspired by a discussion on the rise in reverse mortgages being referred to foreclosure, as well as the processes for completing a foreclosure on tribal lands. Q: Are there other Legal League publications or training you would recommend readers to check out in addition to this White Paper?

Legal 435
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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

The network that Grimshaw and and Callahan reference stems from William Raveis’ affiliation with Leading Real Estate Companies of the World , a global network of 140,000 agents and 550 brokerages. ” Beaulieu also said the company focuses on developing talent with training, coaching and technology solutions for marketing and sales.

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Real estate license reciprocity and portability: A complete guide to where you can practice

Housing Wire

Real estate license reciprocity means an agent or broker’s ability to get licensed and operate or practice in a new state, whereas real estate license portability refers to an agent or broker’s ability to conduct a single transaction across state lines. No additional training or exams are required. Alaska Reciprocity: None.

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

Housing Wire

Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. Referral agent: A referral agent is a real estate agent who refers clients to other agents in exchange for a referral fee. The required number of hours varies by state.

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9 savvy strategies to get more real estate referrals

Housing Wire

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Instead of giving up the business, the referring agent introduces the potential client to another real estate agent who is better positioned to help them.

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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

Logan Mohtashami: The common questions are as follows: Are we going into a recession economy question, which I always refer to as my six-flag recession economic model? Logan Mohtashami: Regarding inventory, we had a slow train wreck happening for years, and I can explain in more detail. I have not raised either yet.

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