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California Regional MLS Offers New Tools to Users
California Regional MLS (CRMLS) has entered into an agreement with software firm Immobel to offer two new products to its 110,000-plus users: MLS Match, an agent referral network program, and Xomio, an IDX website that provides visibility online in 19 languages. MLS Match is a core product available for brokers and agents at no cost,…
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Why Teams and AI Are the Perfect Marriage
This year will mark a breakthrough in deploying AI in real estate. As AI continues to rapidly advance in its capabilities as a personal assistant, real estate agent teams have become the perfect partner for this cutting-edge technology. The rise of AI in real estate McKinsey reports that within this decade, up to 30% of…
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The Top 3 Mistakes Listing Agents Make and How to Avoid Them
Growing and maintaining a real estate career is a promising yet challenging endeavor. The failure rate for agents is staggering—nearly half of all agents fail in the first five years. If you make it past this hump, you are still not immune to the ebbs and flows of the real estate market. To continue growing…
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Judge Removes HomeServices, Two States From Mega Buyer Suit
In a split decision Feb. 20, the judge overseeing the goliath buyer-side commission case dismissed some state-level claims by plaintiffs—and dropped one of the defendants entirely—in an opinion that appears to be a relatively small victory for big real estate brokerages, with most claims in the lawsuit still moving forward. Judge Andrea R. Wood, overseeing…
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Arrest warrant issued for Real agent accused of romance fraud
Study: Racial Minority Groups Increased Homeownership Rates in 2022
Homeownership rates for racial minorities increased in 2022, with Asian and Hispanic Americans achieving historic peaks. Despite these advancements, disparities persist among racial and ethnic groups, notably with Black homeownership lagging. People of color continue to endure significant buying challenges throughout and after their home purchases, according to a new report from the National Association…
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Objection-handling scripts for the buyer representation agreement
Mortgage Applications Slump Following Rate Hike Back Over 7%
Mortgage applications decreased sharply this week, down 10.6% from last week’s decrease of 2.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association for the week ending Feb. 16, 2024. Here are this week’s numbers: The refinance share of mortgage activity decreased to 32.6% of total applications from 34.0% the previous…
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