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2023 Rookie of the Year Finalist Shares 3 Secrets to His Success
Hands-on training with mentors, authenticity on social media and honest conversations with clients may sound like simple tips for success in real estate, but for Floridia real estate agent Hudson ?Mitch? Willis, of LPT Realty, these were a part of system of tools that catapulted his first year in real estate (2022) to extraordinary success. …
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Buffett and Abel Address Recent Commission Settlements; Certain That Industry-Wide ?Transition? Will Have Impact, but Agents Will Still Thrive
This past Saturday, Warren Buffett, co-founder, chairman and CEO of Berkshire Hathaway, and Greg Abel, CEO of Berkshire Hathaway Energy, gave their input on the latest commission lawsuit settlements across the industry, at Berkshire Hathaway?s annual shareholder meeting?including discussion regarding HomeServices of America?s announced $250 million settlement. ?There?s no question the industry will go through…
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Pocket Listing Lawsuit Renews Attack on ?Clear Cooperation,? Ineffective Agents
A pocket listing startup suing the National Association of REALTORSŪ (NAR) is seeking to push forward with its claims that the Clear Cooperation policy violates antitrust laws, asserting that its business model addresses a ?superfluity of ineffective agents? in a case with potential impacts beyond the NAR settlement. In a 17-page filing in a California…
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In the Wake of Its Historic Settlement, HomeServices Issues Comprehensive Guidance to Agents on Rule Changes
In the wake of HomeServices of America?s $250 million historic class-action, commission-focused settlement, leadership within the national brokerage has provided affiliated operating companies and agents with an extensive breakdown of what comes next for them regarding rule changes and overall impact on transactions for sellers moving forward?something that seemingly hasn?t yet been done to this…
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Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months
Editor?s Note: The Mortgage Mix is RISMedia?s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per Freddie Mac, the latest average mortgage rates as of May 9 are 7.09% for the 30-year fixed-rate mortgage and 6.38% for the 15-year fixed-rate mortgage. Compared to the previous week of May 3?the 30-year…
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Unveiling the Artistic Legacy of Bob Ross in New Smyrna Beach, Florida
Property Highlights: Location: New Smyrna Beach, Florida Listing Price: $1,999,000 Features: 5,000-plus-square-foot Mediterranean-style home with four bedrooms, four full baths and two half-baths. Added Appeal: Luxurious outdoor amenities, including a stone fireplace, heated spa and 22×32-foot pool. We?ve all marveled at Bob Ross painting exquisite and tranquil works of art?often featuring serene homes by the…
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Lori McCarthy on Being a Mentor and Preparing for a New Way to Do Business
Lori McCarthy, managing broker of the recently Compass-acquired Latter & Blum in Lafayette, Louisiana, has made recruitment and community involvement priorities in her business. She serves on her local REALTORŪ association board and is a member of the Young Professional Network, which provides guidance to rookie REALTORSŪ. RISMedia touched base with McCarthy for the latest…
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The LGBTQ+ Real Estate Alliance Publishes Fourth Annual Report
The 4,000-member strong LGBTQ+ Real Estate Alliance has published its fourth annual LGBTQ+ Real Estate Report. The report details how, as the Baby Boomer generation reaches retirement age, 70% of aging Alliance members believe LGBTQ+ face harder challenges in finding post-retirement homes. Highlights: A plurality (35.3%) of aging Alliance members (aged 65+) expect to retire…
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Legal Considerations for Unmarried Couples Buying Property
Buying a property together is a significant step for unmarried couples. This decision involves unique legal considerations and requires careful planning. I will provide critical property laws for unmarried couples, including title considerations, mortgage qualifications and protective measures for individual investments. As someone who has been selling real estate for a very long time, it…
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Judge Approves Seller Settlements, With Limited Buyer Protections
Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association…
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