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Amne and ZHome, Opendoor competitors, emerge in Austin, Texas, and Las Vegas

Mon, 2017-03-27 17:10

If imitation is the sincerest form of flattery, then Opendoor should be delighted by the business models of ZHome and Amne. On the heels of Knock and OfferPad, these two additional property-exchange platforms have sprung up in recent months, underscoring a groundswell of interest in a new alternative to traditional listing brokerage ...

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Trump son-in-law met with US sanctioned Russian bank; will testify - Reuters

Mon, 2017-03-27 16:06


Reuters

Trump son-in-law met with US sanctioned Russian bank; will testify
Reuters
WASHINGTON A Russian bank under U.S. economic sanctions over Russia's incursion into Ukraine disclosed on Monday that its executives had met Jared Kushner, President Donald Trump's son-in-law and a top White House adviser, during the 2016 ...

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Trump's childhood home is flipped for 50 percent profit - SILive.com

Mon, 2017-03-27 15:55


SILive.com

Trump's childhood home is flipped for 50 percent profit
SILive.com
Purchased by a real estate investor for $1.39 million in December, Trump's childhood home, located at 85-15 Wareham Place in Jamaica Estates, was just sold by Paramount Realty USA, the real estate company responsible for auctioning Hurricane-Sandy ...

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CEO and President Rick Davidson moves aside at Century 21 Real Estate

Mon, 2017-03-27 15:42

Rick Davidson will move aside as CEO and president of Century 21 Real Estate, a Realogy Franchise Group brand, after holding the position for seven years, effective April 21. COO Greg Sexton will handle day-to-day operations in the interim ...

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Could association health plans be the health care reform brokers need?

Mon, 2017-03-27 15:19

Although the national health care reform outlined in the American Health Care Act (AHCA) was pulled from the House of Representatives last week, a less-spotlighted bill that also deals with health care passed -- and will now wend through the Senate before (perhaps) landing on President Trump's desk for a signature ...

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NAGLREP: Celebrating 10 Years and Counting

Mon, 2017-03-27 15:11

The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) will celebrate its 10th anniversary during June’s LGBT Pride Month. As I look back, I am amazed at the growth of our organization, and, even more importantly, society’s recognition and acceptance of the LGBT community.

It was about one-and-a-half years ago when the U.S. Supreme Court ruled in favor of the landmark case Obergefell v. Hodges, bringing marriage equality to our great nation. Ironically, the namesake of the case, Jim Obergefell, is a member of NAGLREP and also a Coldwell Banker West Shell agent in Cincinnati. That was a monumental moment, but, amazingly, the LGBT community remains unprotected from discrimination in numerous areas, including housing.

NAGLREP recently held our first LGBT Housing Policy Summit in Washington, D.C., where we discussed areas of opportunity and concern. While we met knowing our past gains have been somewhat tempered by the new administration, we left D.C. with renewed energy, as we were fortunate to speak with two U.S. Congressmen, David Cicilline (D-RI), co-chair of the Congressional LGBT Equality Caucus, and Scott Taylor (R-VA). Both outlined the importance of their separate pieces of legislation, which would eliminate discrimination based on sexual orientation and gender identity.

Mr. Cicilline, who gave the event’s keynote address, explained how he will soon re-introduce The Equality Act to prohibit discrimination against the LGBT community in public accommodations, housing, employment, federal funding, education, credit, and jury service.

Mr. Taylor, who met with us on Capitol Hill, submitted his bill on March 9 (House Resolution 1447), which would “extend protections of the Fair Housing Act to persons suffering discrimination on the basis of sexual orientation and gender identity.”

NAGLREP immediately endorsed both bills and called upon the National Association of REALTORS® to do the same. We asked our Summit sponsors, which include powers like Wells Fargo Home Mortgage, Union Bank, Freddie Mac and Long and Foster Real Estate, along with some of the largest real estate brands, companies, lenders and other ancillary services, to also support them. The response has been positive. Please join us in sending letters to state and local associations.

The Housing Policy Summit was a monumental event in our 10th anniversary year. Not only did we have critical discussions with two esteemed members of Congress, but our membership gained a unique perspective of how we can all impact the future of housing rights in our country. Both Mr. Cicilline and Mr. Taylor explained they introduced their bills for the simple reasons that they are the fair and right thing to do. We couldn’t agree more!

This momentum will carry over as we plan for our 4th annual LGBT Real Estate Conference on October 17-19 in Palm Springs. We are expecting more than 700 to attend, making this the largest LGBT and allies event in real estate history. Real estate luminaries such as Gino Blefari, CEO of Berkshire Hathaway HomeServices; Sherry Chris, CEO of Better Homes and Gardens Real Estate; Anthony Hitt, CEO of Engel and Völkers North America; Madison Hildebrand of Million Dollar Listing Los Angeles; and many others are scheduled to speak.

I urge you to attend, and embrace the LGBT community, which has become a viable part of our nation’s economic engine. A recent report from Witeck Communications found that approximately 7 percent in the U.S. self-identified as LGBT, with a disposable income of nearly $1 trillion. This is more than the Asian-American community and near the African-American and Hispanic levels.

While not everyone aspires to be an advocate, we recognize the increasing economic impact of the LGBT community makes NAGLREP an even more important partner than ever before.

I thank you for joining NAGLREP in celebrating our 10th year.

Jeff Berger is the founder of the National Association of Gay and Lesbian Real Estate Professionals (NAGLREP).

For more information, please visit www.naglrep.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post NAGLREP: Celebrating 10 Years and Counting appeared first on RISMedia.

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Pete Galbraith: A Recruiting-Focused Growth Strategy

Mon, 2017-03-27 15:04

In the late ’90s, Pete Galbraith got an invite to come work at his father’s real estate firms. Today, he is the president of Coldwell Banker Select Tulsa.

“What I love most about this business are the people and the challenge of the job,” says Galbraith. “Real estate sales can be a messy business. There’s nothing better than being faced with the challenge of a transaction, seeing it through and having a successful outcome for the client.”

In 2016, Tulsa and the surrounding areas experienced some marginal price increases, with units up 1-2 percent and average sale prices climbing, compensating for the lack of an increase in units.

“While some other markets are seeing giant increases in value, we’re seeing closer to 5-6 percent in increases,” says Galbraith. “We have an average sales price of $165,000.”

What’s unique about Coldwell Banker Select Tulsa, and the entire market, is that 75 percent of the marketshare is covered by four large real estate firms, but 300 brokers belong to the MLS. That means agents either go with a firm with very large or very small representation.

“Our biggest competition is the independents,” says Galbraith. “There are bidding wars for agents, and we do what we can to bring on the best ones.”

The firm’s growth comes a great deal from recruiting out of its real estate school, where it brings in approximately 125 new agents each year.

“We help cultivate and grow them as they launch into the business,” explains Galbraith. “When you try to recruit an existing agent, you end up having to buy the production, but this way, we’re adding people who could be long-time assets. People may do 5-6 transactions the first year, but then do 10-15 once they get the learning curve and build a track record.”

In 2016, the firm rebooted its marketing initiatives, working to generate and produce customized presentations for its agents, to help promote and support their business.

“We also offer tons of training; whether it’s with technology, best practices or ethics, we focus on having a well-rounded agent,” says Galbraith. “Before we roll anything out, we beta test it with a small group so we can cherry-pick and find out what challenges exist. Then we’ll bring it to the full spectrum of our agent contingent.”

Looking ahead, Galbraith sees a lot of opportunity in recruiting and believes the firm will experience a fair amount of growth in 2017.

“What makes us unique is that out of the largest companies, our company has the highest per-person productivity in the Tulsa market,” says Galbraith. “It’s important for us to continue that and be the best we can.”

Vitals: Coldwell Banker Select Tulsa
Years in Business
: 42
Size: 14 offices, 650 agents
Regions Served: Tulsa and Oklahoma City Metro
2016 Sales Volume: $1.4 billion
2016 Transactions: 8,100
www.cbtulsa.com

For more information, please visit www.coldwellbanker.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Pete Galbraith: A Recruiting-Focused Growth Strategy appeared first on RISMedia.

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Home equity continues to strengthen, but at a slower pace

Mon, 2017-03-27 14:24

At its peak in 2012, negative equity sat at 31.4 percent. As Zillow reported in a recent update, at the end of 2016, just 10.5 percent of homeowners were still underwater, down from 13.1 percent of homeowners at the same time last year ...

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RPC, Inc. (RES), Pennsylvania Real Estate Investment Trust (PEI) Stock Eyes Ahead of Earnings - The USA Commerce

Mon, 2017-03-27 13:04


The USA Commerce

RPC, Inc. (RES), Pennsylvania Real Estate Investment Trust (PEI) Stock Eyes Ahead of Earnings
The USA Commerce
Shares of RPC, Inc. (NYSE:RES) dropped -1.04% to $17.21. During the trading on 03/24/2017, Company's stock ranged from $17.54 to $17.20. The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. The current ...

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Looking for ‘My Lighthouse’? Historic property for sale in Virginia

Mon, 2017-03-27 12:36

If you have a down payment on a $249,000 property and a secret dream to help boats find their way safely home after short (or long) journeys, then do we have good news for you! ...

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Trump's boyhood home fetches over $2 million - Washington Examiner

Mon, 2017-03-27 12:27


Washington Examiner

Trump's boyhood home fetches over $2 million
Washington Examiner
Manhattan real estate developer Michael Davis purchased the home from Parammount Realty USA in December shortly after Trump won the White House. Trump had expressed an interest in buying his old home while on the campaign trail, which his father ...
Donald Trump's childhood home in Queens closes at $2.14MNewsday
Donald Trump's childhood home sold at auctionCBS News
Trump's childhood home in New York City just sold for $2.1 million — take a look insideBusiness Insider

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Categories: USA

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Lead management success: From cold prospects to closed deals

Mon, 2017-03-27 12:12

Many agents consider online lead generation a challenge. When managed effectively, however, online lead gen can be a lucrative supplement to your current business ...

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Donald Trump's childhood home sold at auction - CBS News

Mon, 2017-03-27 11:43


THE BUSINESS TIMES

Donald Trump's childhood home sold at auction
CBS News
Michael Davis seems to understand the art of the deal. In December, the real estate investor purchased President Donald Trump's childhood home in Queens, New York, for $1.39 million. A month later he flipped it for $2.14 million, closing on the sale ...
Trump's childhood home in New York City just sold for $2.1 million — take a look insideBusiness Insider
Mystery buyer snaps up Trump's childhood home for US$2mTHE BUSINESS TIMES

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Will political paralysis in the U.S. eventually affect markets?

Mon, 2017-03-27 11:39

Markets here and worldwide have gotten used to U.S. federal gridlock. However, we are cruising along by consuming old political capital and adding none new ...

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Are expansion teams the emerging superpowers of real estate?

Mon, 2017-03-27 11:01

Expansion teams represent a marketplace that taps the power of agents without the liability and the cost of the old broker model. Like all successful technology platforms, they offer leads, systems and technology, which is what made Uber, Airbnb and smaller companies like TaskRabbit and food delivery service Seamless successful ...

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Trump Wants To Restructure $300 Million Loan From Deutsche Bank - ETF Daily News (blog)

Mon, 2017-03-27 08:10


ETF Daily News (blog)

Trump Wants To Restructure $300 Million Loan From Deutsche Bank
ETF Daily News (blog)
The President has thus far refused to separate himself legally from his real estate and other ventures, instead simply passing on the day-to-day operations to his children. The struggling German banking giant already has a lot on its plate as is ...

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Smart financial moves for non-married couples - USA TODAY

Mon, 2017-03-27 07:56


USA TODAY

Smart financial moves for non-married couples
USA TODAY
Pay special attention to owned real estate. If owned real estate, rather than rented property, is involved, the financial situation gets more complicated, says TIAA's Eweka. For instance, if a partner not on the title pays half of the mortgage each ...

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Earnings Growth Research: Teladoc, Inc. (TDOC), Apollo Commercial Real Estate Finance, Inc. (ARI) - USA Commerce Daily

Mon, 2017-03-27 06:26


USA Commerce Daily

Earnings Growth Research: Teladoc, Inc. (TDOC), Apollo Commercial Real Estate Finance, Inc. (ARI)
USA Commerce Daily
Shares of Teladoc, Inc. (NYSE:TDOC) are making a strong comeback as they have jumped 180.29% since bottoming out at $9.08 on Mar. 28, 2016. Thanks to a rise of almost 8.53% in the past five days, the stock price is now up 54.24% so far on the year ...

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4 easy ways for Realtors to boost their business with Google AdWords

Mon, 2017-03-27 05:00

With today’s online-first consumer marketplace, Realtors must be as savvy with technology and marketing as ever to rise above their competition. Especially with the influx of millennials entering the real estate market, creating and maintaining a captivating online presence is a must ...

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Crazy Sh*t In Real Estate podcast Episode 17: Naked guy not included

Mon, 2017-03-27 05:00

What would you do if you had an open-house scheduled, but hours before it’s supposed to start, you show up to find the place littered with empty beer bottles and naked people from a Halloween house party thrown the night before? Paula Clark can tell you what she did in that situation during this week’s episode ...

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