While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement, others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. Unlike human agents, these…
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The typical down payment for U.S. homebuyers soared to a record high of $67,500 in June, up nearly 15% from $58,788 a year earlier, according to a new report from Redfin. The increase in down payments came despite a slowdown in home price growth (4%). Redfin economists attributed it to the quirks of the current market, where…
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced on Wednesday the publication of two rules that extend anti-money laundering regulations to real estate agents and investment advisers, which is part of a broader Biden administration plan designed to curb corruption. “The final residential real estate rule will require certain industry professionals…
Digital closing provider Snapdocs has automated its digital closing revenue management system to help the firm create a faster and more transparent process for clients. In partnering with BillingPlatform, the billing and revenue management solution provides “the automation, scale and flexibility to launch and bill for our core and new products as our business continues…