Loan officers are dramatically cutting their pay to win clients. It’s often illegal.

It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce
Read MoreExisting home sales lay the path for the 2024 housing market

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on C
Read MoreKeller Williams announces new executive appointments

Keller Williams (KW) has appointed Wendi Harrelson as president of KWRI-owned regions and John Clidy as vice president of growth, the company announced on Wednesday. The appointments were effective as of Dec. 12.“Well-known across our ecosystem as servant leaders, Wendi and John will act as growth p
Read MoreMoehrl commission lawsuit defendants file motion for summary judgement

The three remaining defendants in the Moehrl commission lawsuit filed a joint motion for summary judgement on Tuesday. The National Association of Realtors, Keller Williams and HomeServices of America, have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented dur
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