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Lender slapped with $1.75M fine for bungling demographic data

A major New Jersey mortgage lender will fork over a $1.75 million fine for, among other things, entering clients’ ethnicity as white even when they declined to provide information on race or said they belonged to another ethnicity. The Consumer Financial Protection Bureau (CFPB) announced the fine against Freedom Mortgage on Thursday. The Mount Laurel-based company is […]

California Realtors group warns agents to stay away from lawyer solicitations

There have been questions over the employment status of real estate agents in California — and possible ramifications or ripple effects nationwide — in the wake of a labor ruling by the California Supreme Court over a year ago. Source: click here

10 tips for perfecting direct mail (and keeping it out of the trash)

Direct mail needs to be sent to the right audience at the right time and with the right message.Here’s how to get your message into the hands of your intended audience (rather than the trash) for the most impact. Source: click here

How this agent fine-tuned his prospecting skills for 2019

Have you ever looked at the contacts you’ve made after a grueling prospecting session and wondered what’s the point? A person can only hear the word “no” so many times before getting discouraged, right? Here’s how Ramon Sanchez is making traditional prospecting a plus for his business. Source: click here

Where do SoftBank’s struggles leave Opendoor, Compass and real estate tech?

The Vision Fund’s commitment to real estate remains intact, according to a person familiar with its thinking. By the fund’s estimation, it’s still early innings for industry disruption, the person said. Source: click here

NRT’s CEO downplays disruption, teases new transaction tools

Ryan Gorman spoke with Inman by phone to discuss some of the challenges his company is facing head-on this year and his now-infamous letter raising concerns about competitor Compass. Source: click here

Localize.city debuts new search platform, expands to Chicago

The startup will now feature AI-powered pros and cons for neighborhoods across NYC and, later this month, Chicago, company executives told Inman. Source: click here

Michael Douglas appears in epic listing video for his Spanish home

In an effort to sell his glitzy Mallorcan estate, actor Michael Douglas slashed its price by almost $30 million — and appeared in a video tour of the property. Named S’Estaca, the luxurious property on the Spanish island has 200 acres, a main house, and five apartments. Douglas and his wife, actress Catherine Zeta-Jones, put […]

Flat-fee brokerage Redefy initiates new private securities offering

Publicly traded flat-fee brokerage Redefy announced on Wednesday a new private securities offering of up to $6 million to fuel anticipated growth.  Source: click here

5 ways golf course communities are luring in buyers

In areas where high-end golf course communities are prevalent, competition to attract these buyers is fierce. Luxe developers, boards and operators in amenity-rich areas like Florida need to attract young high-end families. Here’s how they are upping their game and creating resort-like lifestyles. Source: click here

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