True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Real EstateBrokerage

The future of U.S. real estate commissions

Not just lawsuits, but alternative business models and an insane housing market threaten to disrupt home sales commissions

HW+ real estate commissions
Glenn Kelman, CEO of Redfin, and Luke Babich, chief operating officer of Clever (left to right)

This is the final of a three part series on residential real estate sales commissions. Part one explained the history of sales commissions, and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale. 

You know what’s annoying? 

Telling someone the Internet has made their life a lot easier. 

Few professions are told that more repeatedly than real estate agents. Some grudgingly say that’s true, but others claim agents work more than ever.

“Twenty-five years ago, you might send a photo to the paper of a property,” said Ryan Gorman, president of Realogy-owned Coldwell Banker. “Now there are 36 different images, a video, imagery captured from drones. The average real estate agent is probably an expert at Tik Tok.”

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