Test triggering $2.3B in mortgage payments leads to $25M fine

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ACI admits no wrongdoing in settling CFPB’s first-ever enforcement action over the handling of consumer data in the processing of mortgage payments. Continue reading →

‘Wolf of Airbnb’ pleads guilty to earning $1M while stiffing landlords

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Konrad Bicher pleaded guilty to one count of wire fraud after collecting $1.2 million renting out his apartments on Airbnb while not paying his New York City landlords, according to a statement. Continue reading →

New home sales jumped 20% in May, a 12.2% jump from April

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In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. New home sales surged 20 percent from a year a… Continue reading →

NAR kicks off nationwide search for ‘diverse’ CEO candidates

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Applications to become the 1.5 million-member trade group’s 13th chief executive will be accepted through July 31, the National Association of Realtors announced. Continue reading →

Check, please? Millennials suffer extreme anxiety when picking up the tab for friends   

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Dining out with friends is all fun and games until the bill comes and groups are left to decide how they’d like to split the tab. Does the person who ordered more pay more? What about the person who decided not to imbibe, should they pay less? Then there’s the question of who puts their […] Continue reading →

The Agency brings 1st office in North Carolina to Charlotte

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Industry veteran Erika Mendoza will serve as managing partner and broker in charge, and Abigail Hines Miller will also serve as managing partner, according to the company. Continue reading →

Zillow rolls out AI-powered ‘super listing’ tool

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Listing Showcase is part of Zillow’s new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company. Continue reading →

CoStar execs talk top new features coming to Apartments.com

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“We can make the leasing agent’s job easier,” an Apartments.com executive said as the company pushes the rental industry to modernize the lease-up experience. Continue reading →

The pros and cons of representing renter clients

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Though renting may come with smaller commissions than selling, working with prospective tenants can still be a profitable part of your real estate business, Philadelphia Realtor Jonathan Pressman writes. Continue reading →