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Wells Fargo pledges $1B to fight housing affordability crisis

Wells Fargo will be putting $1 billion toward various affordable housing initiatives over the next five years. As part of this commitment, the bank promised to address three key issues in underserved communities plagued by lack of affordable housing — housing affordability, financial health and small business growth between now and 2025. The move comes […]

EXp Realty undertakes massive Canadian expansion

EXp Realty announced Wednesday at its shareholder summit in Orlando that the company is bringing its virtual cloud-based tech-focused brokerage to four more provinces in Canada, giving it a total company footprint of seven Canadian provinces.  Source: click here

NAGLREP members to march in NYC’s WorldPride event

To celebrate Pride Month, the National Association of Gay and Lesbian Real Estate Professionals will be marching in this year’s WorldPride event. Source: click here

RE/MAX Select is walking away from realtor.com’s leads

RE/MAX Select, an East Coast real estate franchise with more than 200 agents, is severing its ties with realtor.com’s lead generation platform after 17 years over what it says has been a deterioration of that business service since realtor.com’s parent company Move, Inc. acquired lead referral platform Opcity nearly a year ago to bolster realtor.com’s offerings. Source: […]

Offerpad hires Zillow vet, promises cash offers within in 1 hour

Offerpad, the Arizona-based online fast homebuying and reselling company, announced Wednesday that it has hired Bryan LaFranchi to lead its program in which homesellers can get all cash for their old properties and put the money toward the purchase of a newly built home.  Source: click here

EXp Realty heads overseas, expanding to the UK and Australia

EXp Realty announced on Wednesday that it is expanding its residential brokerage operations to the United Kingdom and Australia, its third and fourth countries after current markets in the U.S. and Canada. The company, which rewards agents with equity in the company when they hit certain sales milestones, did not reveal an exact time frame, […]

Compass sued over a single decimal point

According to the complaint, The Mark Company orally agreed to pay RRA 16.25 percent of gross sales commissions from the sales of condominium units at an ultra-luxury development in San Francisco. The companies signed a letter agreement in 2013, which Compass now notes included RRA’s rate at 0.1625 percent instead. Source: click here

‘Full service’ for 1%? Clever Real Estate gets $3.5M in funding

Clever’s pitch to homesellers, which account for the vast majority of referrals it makes, is full service from a top-performing agent for a 1 percent listing fee or a minimum of $3,000 — whichever is greater. That’s a third of the typical listing fee in some markets. Source: click here

Salesforce nixes gun stores: Should real estate care?

Salesforce is a large business technology company, and its CRM is very popular among real estate agents. The company has decided to stop selling its e-commerce software to retail gun stores. How will real estate respond? Source: click here

RE/MAX team of 17 agents jumps to eXp Realty

Veronica Figueroa, a former Inman Innovator Award winner and member of the Real Trends Thousand is taking her 21-person Orlando-based team to eXp Realty from RE/MAX, she confirmed to Inman this week. Source: click here

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