Lone Wolf Technologies’ Post

Ever wondered how pros determine a property's value? Let's spill the beans on BPOs! 📈🕵️♂️ A Broker's Price Opinion or BPO is like a real estate detective's report, conducted by licensed agents or brokers. It's similar to a CMA but often pays the pro! 🏡💰They investigate the 'subject property,' snap pics, scope out the neighborhood, and dig into MLS data for comps. 📷🏘️ 📊 The Magic Formula? All this info, the subject's photos, and their local market savvy go into a BPO firm's system. The result? A pro opinion that helps estimate a property's value! 🧙♂️💼 🏠 Unlock the secrets behind property values with BPOs! Contact us today at dbaldwin@baldwinadvisorygroup.com or visit our website at https://lnkd.in/gD6djcuB #RealEstateInsights #BPO #PropertyValue

Ever wondered how pros determine a property's value? Let's spill the beans on BPOs! 📈🕵️♂️ A Broker's Price Opinion or BPO is like a real estate detective's report, conducted by licensed agents or brokers. It's similar to a CMA but often pays the pro! 🏡💰They investigate the 'subject property,' snap pics, scope out the neighborhood, and dig into MLS data for comps. 📷🏘️ 📊 The Magic Formula? All this info, the subject's photos, and their local market savvy go into a BPO firm's system. The result? A pro opinion that helps estimate a property's value! 🧙♂️💼 🏠 Unlock the secrets behind property values with BPOs! Contact us today at dbaldwin@baldwinadvisorygroup.com or visit our website at https://lnkd.in/gD6djcuB #RealEstateInsights #BPO #PropertyValue

🏡 Here's what you need to know about the recent NAR settlement: → Going forward (from mid-July 2024) buyer broker compensation can’t be listed on the MLS. → Sellers and their agents could still make offers of buyer broker compensation via off-MLS negotiations and consults (meaning seller-paid buyer agent commissions are still an option). → NAR also agreed to a new rule that would require MLS participants—specifically those working with buyers—to enter into written representation agreements with their buyers. What this means if you're a buyer: Buyers would benefit from buyer broker agreements, increased clarity regarding the services their agent provides, and more variable commission structures. What this means if you're a seller: Sellers may enjoy more control over commission negotiations, potentially leading to cost savings and more personalized service agreements. What this means if you're a real estate agent: Agents have an opportunity to showcase their value more transparently, potentially leading to stronger client relationships and a more tailored service approach. Have questions? Comment below or send me a message – I’m here to help!

Proposed NAR Settlement: Don't these two points in the proposed settlement seem contradictory? 1. No offers of compensation. MLSs must eliminate any requirements that brokers or sellers make offers of compensation through the MLS and prohibit the same. Similarly, MLSs must eliminate all broker compensation fields and prohibit sharing offers via any other fields in the MLS system. 2. Concessions in MLS permitted. Sellers may offer buyer concessions on the MLS (e.g., for buyer closing costs), so long as they are not limited to or conditioned on the retention of or payment to a cooperating broker.

A guide to escrow: Understanding how escrow works

New Blog Post: "Brokers Have Some Decisions to Make ... FAST …" 🚨 Attention Brokers! 🚨 Our latest blog post covers crucial changes in agent commissions. Key Points: By August 17: MLS systems must remove compensation offers to buyer's agents. New Forms Needed: Decide on new Buyer’s Rep & Listing Agreements. Client Conversations: Prepare scripts to discuss compensation changes. 📅 Stay informed and prepared! Read the full blog now. https://lnkd.in/gaNFHmka #RealEstate #BrokerUpdates #AgentCommissions #IndependenceTitle

2022-2023 Breaks Claim Record for REIX The most recent claims year, ending this September 30th, was the highest in 11 years, with 103 claims total.   Key factors worth noting in the high number of claims are an increase in carelessness, miscommunication, and a lack of attention to detail when reviewing documentation. Clients are holding Realtors to a higher standard and Realtors need to be more diligent through the buying, selling and listing process. See the full REIX Blog Post Below https://lnkd.in/gXATiYxV

Here's what you need to know about the recent NAR settlement:⁠ ⁠ → Going forward (from mid-July 2024) buyer broker compensation can’t be listed on the MLS.⁠ ⁠ → Sellers and their agents could still make offers of buyer broker compensation via off-MLS negotiations and consults (meaning seller-paid buyer agent commissions are still an option).⁠ ⁠ → NAR also agreed to a new rule that would require MLS participants—specifically those working with buyers—to enter into written representation agreements with their buyers.⁠ ⁠ What this means if you're a buyer:⁠ ⁠ Buyers would benefit from buyer broker agreements, increased clarity regarding the services their agent provides, and more variable commission structures.⁠ ⁠ What this means if you're a seller:⁠ ⁠ Sellers may enjoy more control over commission negotiations, potentially leading to cost savings and more personalized service agreements.⁠ What this means if you're a real estate agent:⁠ ⁠ Agents have an opportunity to showcase their value more transparently, potentially leading to stronger client relationships and a more tailored service approach.⁠ ⁠ Have questions? Comment below or send me a message – I’m here to help!⁠

If you’re struggling to get VA offers accepted? Here’s a simple solutions for you! It’s gold. 🌟 Present your expertise front and center with a VA Closing Score Card. Here's how it revolutionizes your offers: ✅ Deals Closed on Time: Show your punctuality with the number of VA offers written vs. closed in the past year. ✅ Appraisal Accuracy: Display your diligence with appraisals that hit the mark. ✅ Lender Reliability: Prove your consistency with successful closings using the same lender. Don't just tell—show the listing agents your VA deal mastery with hard-hitting stats! 📊🏆 This simple yet powerful tool can make your offer the top contender, making life easier for listing agents and getting your buyers to the closing table faster. 🏁🔑 Love this tip? Double-tap, comment, and follow for more insider tricks. And remember, for results like these, partner with Titan Title on your next offer. 💙 . . . . #RealEstateGameChanger #VAOffersAccepted #ClosingScoreCard #RealEstateSuccess #TitanTitle"

Meet our expert panel 👋 We've pulled together the crème de la crème in the property and SMSF space and brought them inside Uptick internally. Why? They're here to help you close more deals quicker 🚀 We know that if you help FIND the property for the customer, you have a 90% chance of writing their loan. Simon Wilkins and Philip Robison can have your leads buyer-ready and purchasing within 4-6 weeks 🙌 If you have a lead that isn't your core business for SMSF, simply refer the client to Nolan Leo, let him do all the heavy lifting and you can still get paid for these deals 🥳 We're so proud to share the next evolution of our system to help our broker partners close more deals quicker - this is a partnership in the truest sense for brokers in our eco-system 🤝 Some of our broker partners are benefiting from this game-changing process already 😎