Commission advances keep some agents afloat while sinking others

Commission advance companies are booming as a lifeline for real estate agents who can’t afford to wait for closing day. While these services offer financial assistance, they often come with costly strings attached. Continue reading

Majority of Realtor associations tap late fees to boost bottom line: NAR

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR’s inaugural Association Profile. Continue reading

Federal consumer watchdog flags mortgage servicers’ junk fees

The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Continue reading