That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. However, some benefits require changes from mortgage lenders, consumer watchdog says.
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices.
The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).
Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped.
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5 million. Realtors say it amounts to a secret tax and rent hike.
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president.
The company said it expects to grow total revenue 19 percent to 22 percent this year as it continues its expansion as an industry leader.
NAR Chief Economist Lawrence Yun warned of "further declines in membership over the next 24 months" after NAR posted a 2.1 percent annual membership decline last month.
From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all.
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind.
Curbio "strongly" denied claims on Monday by Washington, D.C.'s attorney general that the pre-sale renovation startup violated consumer protection laws through "deception, intimidation and fraud."
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry.