Lori McCarthy on Being a Mentor and Preparing for a New Way to Do Business
Lori McCarthy, managing broker of the recently Compass-acquired Latter & Blum in Lafayette, Louisiana, has made recruitment and community involvement priorities in her business. She serves on her local REALTOR® association board and is a member of the Young Professional Network, which provides guidance to rookie REALTORS®. RISMedia touched base with McCarthy for the latest…
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The LGBTQ+ Real Estate Alliance Publishes Fourth Annual Report
The 4,000-member strong LGBTQ+ Real Estate Alliance has published its fourth annual LGBTQ+ Real Estate Report. The report details how, as the Baby Boomer generation reaches retirement age, 70% of aging Alliance members believe LGBTQ+ face harder challenges in finding post-retirement homes. Highlights: A plurality (35.3%) of aging Alliance members (aged 65+) expect to retire…
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Legal Considerations for Unmarried Couples Buying Property
Buying a property together is a significant step for unmarried couples. This decision involves unique legal considerations and requires careful planning. I will provide critical property laws for unmarried couples, including title considerations, mortgage qualifications and protective measures for individual investments. As someone who has been selling real estate for a very long time, it…
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Judge Approves Seller Settlements, With Limited Buyer Protections
Judge Stephen R. Bough gave his final approval today to settlement agreements struck by big brokerages in class-action commission lawsuits, granting broad immunity from claims by sellers that these companies conspired on rules that inflated real estate compensation at the expense of consumers. The ruling does not include a settlement struck by the National Association…
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Mortgage Rates See First Reprieve in 5 Weeks
The 30-year fixed-rate mortgage (FRM) decreased to 7.09% from 7.22% last week, the first decrease seen since they began rising five weeks ago in March, according to the latest Primary Mortgage Market Survey® from Freddie Mac. This week’s numbers: The 30-year FRM averaged 7.09% as of May 9, 2024, down from last week when it…
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Thoughts on Leadership: The Formula for Excellence
This week, my travels find me at home on Monday morning conducting WIG calls with our CEO’s. On Monday afternoon I traveled to Orange County, CA for business meetings and to participate at the Mike Ferry West Coast Management Retreat. As I reflect on the vibrant discussions at the Mike Ferry West Coast Management Retreat,…
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The Buyer Agent Playbook: Ready, Willing and Able
Clockwise from top left: Howard Hanna agents Kim Crane, Jason Sekody, Kelly Huff and Ryan Shedlock Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents…
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Directionals Point North for Compass With Strong Q1 Earnings, Agent Gains
In a generally upbeat Q1 earnings report May 8, residential real estate company Compass showcased $1.05 billion revenue, a 10% increase from Q1 2023. The company attributed the revenue gain to a 7.1% increase in transactions. On the negative side, Compass lost $132.9 million in Q1, still an improvement over the $150.2 million it lost…
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Industry Leaders Discuss AI at NAR Summit
At the 2024 REALTORS® Legislative Meetings on Tuesday, May 7, 2024, the “Emerging Business Issues and Technology Forum,” featured a panel of experts exploring how AI and augmented reality will shape the real estate industry. The panel was moderated by Julie Whitesell, chair of the Emerging Business Issues and Technology Forum and broker in charge…
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Facilitating Business in an Effective and Efficient Way
Above, Jeff Grebe Jeff Grebe Broker/Owner Weichert, REALTORS® – Advantage Plus Knoxville, Tennessee https://www.advantageplustn.com Region served: East Tennessee Years in real estate: 31 Number of offices: 2 Number of agents: 68 Favorite part of your job: Seeing agents succeed. What are some of the current trends you see in your market right now? We’re in…
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