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Mondrian-mimicking home sells for $500K above asking price

A small San Francisco home painted to look like a Piet Mondrian painting sold for $500,000 above the asking price. Originally listed for $1.495 million, the two-bedroom, one-bathroom home sold for $2.05 million in March. It has become an appealing sight for many of its neighbors because it’s facade is painted in shades of blue, red and […]

Flat-fee brokerage Reali acquires mortgage lender

Flat-fee brokerage Reali announced Wednesday that it has acquired a loan company and is launching its own, in-house mortgage service. Reali Loans, as the new service has been dubbed, is the result of the company’s acquisition of Lenda, a mortgage startup with a tech platform that streamlines the lending process. In a statement, Reali said that […]

MagicPlan releases new version of its popular room-scanning app

Version 8 of the app, which has 18 million downloads, uses 3D scanning to capture measurements and indicate doors and windows automatically. Source: click here

Agent/broker perspective: Can agents challenge their brokerage’s philanthropic pursuits?

In this monthly column, Anthony Askowitz explores a hypothetical Miami real estate situation from both sides of the broker/agent dynamic: An experienced top agent at a Miami real estate office has serious concerns about a social position taken by the company’s longtime charitable recipient. Source: click here

21 contract terms every agent should be able to explain with ease

As we go about our business, we sometimes forget that clients might not be familiar with common terms agents throw around without thinking (aka Realtor speak). Here are the 21 terms we consider most crucial for agents to explain to buyers and sellers without benefit of crib notes. Source: click here

The referral system that’ll land you 30 more deals per year

Most agents aren’t asking for referrals the right way or sometimes at all. If you’re not actively (and strategically) asking for referrals, you’re likely missing out on dozens of deals each year. Here’s how to effectively leverage your sphere of influence to close more referral deals. Source: click here

Bombshell NAR lawsuit: How much did sellers pay in buyer-side commission?

A recently filed lawsuit against NAR, among other big industry players, alleges that NAR-member agents, along with many of the country’s various multiple listing services, colluded to inflate Realtor commissions. Here’s a look at the commission numbers involved. Source: click here

NAR hit with yet another antitrust suit over buyer commissions

Another homeseller is challenging the sharing of real estate sales commissions between listing and buyer’s brokers, according to a new lawsuit. Source: click here

The home of a Titanic survivor has hit the market for $1.8M

A New York home that once belonged to a woman who was saved from the sinking Titanic has hit the market for $1.795 million. Courtesy of Ellis Sotheby’s Realty The property, which is located at 159 River Rd Grandview in Nyack, New York, was built in 1916. Margaret Welles Swift, of the Swift Meatpacking Company, had the home […]

Redfin finds most affordable cities are also the least disaster-prone

Redin is helping prospective homeowners understand the risks associated with a high-cost home in certain cities. A new study from the tech-focused brokerage maps how disaster-prone certain metros are, while also factoring the cost of buying a home in that city. The study found that metros with low disaster scores tend to be more affordable […]

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