If you haven't noticed, the real estate market has done a 180-degree turn in the last 7 months. We went from 3.5% interest rates and very little inventory to 7%+ interest rates and inventory, which has doubled and continues to grow. This also means Realtors, lenders, and Title Companies need to pivot their businesses [...]
I want to begin by saying Realtors are not “forced” to use the joint venture Title Company. With full access to the brokerage’s agents, office meetings, events, and a push from the Broker, the business capture rate on the real estate joint ventures is fairly high. Joint ventures between Title Companies and Realtor brokerages [...]
We have seen it many times…the managing real estate broker or office manager pushing hard for their agents to use certain vendors. Myself, have dealt with this when an agent says, “Wade, sorry…I wanted to send you the business but my office manager told me to use the Title Company where our office has [...]
I don't want the title of this blog to scare you but at the same time the CFPB (Consumer Financial Protection Bureau) is out and about looking at Real Estate Companies, Title Companies, and Mortgage Lenders. What are they looking for? They are looking for suspicious and illegal activity that would warrant a fine, [...]
