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CFPB orders real estate brokers, lenders to pay $4M in fines

The Consumer Financial Protection Bureau (CFPB) has fined two mortgage lenders and two real estate brokerages for what the federal agency says was an “illegal kickback scheme” in which one of the lenders allegedly paid for mortgage business referrals, in violation of federal law … Source: click here

Zestimate vs. Redfin Estimate: Are home valuations that use list prices, er, useful?

What type of listing valuation would be more useful? One that factors in the property’s actual list price, or one that excludes that price — instead relying only on comparable sales and other data … Source: click here

Top Dallas team sees window for new boutique luxury brokerage

Briggs Freeman Sotheby’s International Realty’s top-selling team, led by Christy Berry and Jonathan Rosen of the RosenBerry Group, left the business to set up their own boutique luxury brokerage for the Dallas-Fort Worth market last Friday … Source: click here

How I fell in love with real estate: A ‘Coming to America’ story

Fredrik Eklund didn’t always know he was going to be a million-dollar listing agent — hear his story about how he found his calling when he came to America … Source: click here

How being known, liked and trusted can improve your business

Reposted with permission from Matt Bonelli Do you want a business that doesn’t stress you out and require you to be that on-demand, 24/7 Realtor? Then you need to become known, liked and trusted. Here is what we know: 77 percent of homesellers and 65 percent of buyers found their real estate agent through some […]

Pros and cons of the Broker Public Portal

In the video series, “Real Estate: Raw & Uncut” Byron Lazine and Tim Bray of Seaport Real Estate Group with Sotheby’s International Realty break down how the new Broker Public Portal will impact the real estate industry and compete with Zillow, realtor.com and other major lead generators. Source: click here

BoxBrownie gives your real estate listing photos a face lift

BoxBrownie provides real estate agents with a fast, affordable way to improve property imagery. … Source: click here

5 ways to deal with ‘I’d prefer a more seasoned listing agent’

Put five minutes on the clock; it’s overtime. You just tied with another real estate agent in a competition fiercer than the NBA’s ever seen: the listing presentation … Source: click here

President Donald Trump signs executive order to rein in Wall Street reform law, CFPB

Earlier this week, the Consumer Financial Protection Bureau (CFPB) fined real estate brokers and lenders $4 million. Today, the future of the agency is up in the air, with President Trump taking a step towards rolling back the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, according to media reports. The President will sign an executive order today asking the […]

Daily market update: February 3, 2017

We’ll add more market news briefs throughout the day. Check back to read the latest. Mortgage rates: 30-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio 15-Year Fixed Rate Mortgage Rates for the Past 6 Months | Credio   Home equity rates: Average Home Equity Loan Bank Rates by State | Credio […]

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