Don’t Get Angry, Get Educated: How MLS Data, Buyer Contracts Can Transcend Settlement Changes
You don’t have to like it. But you can only hate it for so long. More than two months after the National Association of REALTORS® (NAR) announced it was paying $418 million and making long-resisted changes to MLS policy and compensation, brokers and MLS leaders are still seeing that anger in the real estate community.…
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Escrow Holdbacks vs. Repair Escrows: What’s the Difference?
Escrow holdbacks and repair escrows are common tools in real estate transactions, used to facilitate smooth property transfers under certain conditions. These financial arrangements help manage and mitigate risks associated with property conditions at closing. I will clarify the distinctions and similarities between escrow holdbacks for repairs and other types of escrow accounts. You will…
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Budnick Out, Blefari Returning as CEO at HSF Affiliates
In an unexpected move last week but made public May 16, Christy Budnick announced that she was stepping down June 3 as CEO of HSF Affiliates, the franchisor of Berkshire Hathaway HomeServices (BHHS). The company said that Gino Blefari would return as CEO of HSF Affiliates, adding to his position as CEO of HomeServices of…
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Mortgage Rates Decrease Again
The 30-year fixed-rate mortgage (FRM) averaged 7.02% this week, down for the second week in a row from last week’s 7.09%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 7.02% as of May 16, 2024, down from last week when it averaged…
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Housing Starts Rebound in April, Rising 5.7%
With the U.S. still experiencing a housing shortage due to construction halts from the COVID-19 pandemic, housing completions, and starts, should continue to push positive, as each showed true in April—and the need for housing remains everlasting. According to data released by the U.S. Census Bureau, housing starts reached a seasonally adjusted rate of 1.360…
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Thoughts on Leadership: Honoring the Leadership Journey of Motherhood
Editor’s Note: This article was originally published on May 9, 2024. As we approach Mother’s Day this Sunday, I want to express my profound respect and admiration for all mothers—those who are planning to start families, those eagerly anticipating the arrival of their children, those who are navigating the early days of motherhood, and those…
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Change, With a Backbone of Consistency
As the adage goes, the only thing constant is change. But what if embracing change becomes the new constant? I firmly believe change is good. To grow, it is important to not only welcome change but to use it to inspire opportunities to evolve and innovate. Yet, equally as important, as we prepare for what…
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Op-Ed: How We Got Here
Above, Michele Harrington speaking at last year’s 2023 RISMedia Power Broker Forum in Anaheim, California. Editor’s Note: The historic events taking place in the real estate industry over the last year, including the commission lawsuits, Burnett/Sitzer case, the NAR and real estate brokerage settlements and how the industry will evolve and thrive in the new…
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The Buyer Agent Playbook: Brokerage Leaders On Generating New Business Post-Burnett
Above, Filippo Incorvaia and Sarah Close When real estate professionals, and anyone else for that matter, look back on what happened within the residential real estate industry during 2023-24, normally vital measures such as mortgage rates and number of homes sold will not just take a back seat to the legal issues that have dominated…
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Newsmakers Spotlight: Colette Stevenson on the Value of Strategic Partnerships Between Brokerages and MLSs
Colette Stevenson is CEO of REsides, an innovative Multiple Listing Service (MLS) model that ensures equitable ownership for all stakeholders. Dedicated to empowering brokers and agents with actionable data, she strives to provide value beyond industry conventions. “I believe that MLSs have a huge opportunity to get close to their customers in the midst of…
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