More Agents Job-Hopping to Other Firms; Loan Applications Jump. Why?

National Association of Realtors®
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NATIONAL ASSOCIATION of REALTORS®


FORWARD TO A FRIEND  |  CUSTOMIZE THIS NEWSLETTER  |  VISIT REALTOR.ORG


OCTOBER 15, 2015



OCTOBER 15, 2015


FEATURED STORY


More Agents Job-Hopping
to Other Firms

agents are switching
 

In search of more deals, greater brokerage support, and higher commissions, agents are switching firms in big numbers lately.
Thirty percent of agents surveyed said they’d been with their firm for a year or less — an increase from 18% the previous year, according to a 2014 NAR survey.
Find out why agents should be cautious, and read agents’ own stories about why they left.



Loan Applications Jump. Why?

Purchase mortgage applications spiked 27.4% just before TRID rules kicked in. Here’s why.


Feds Eye Marketplace Lending

A federal agency has asked for information on marketplace lenders’ practices. Find out more.



First-Timers Drive Sales

First-time buyers made up 32% of August sales. See where REALTORS® predict prices will go.






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INDUSTRY NEWS FROM REALTOR® MAGAZINE

When Not to Press ‘Send’ on That Email
3 Home Inspection Deal-Breakers
Consumers See You as Top Resource
The Next Three Months: Best Time to Buy
Builders Make Pets a Top Priority





RESEARCH & STATISTICS

Mortgage Applications Up; The Cause?
Applications for purchase mortgages spiked 27.4% for the week ending just before TRID implementation took effect on Oct. 3. The spike is the likely result of some originators — concerned the implementation could cause delays — advising clients to close earlier. Read more info on the latest loan stats.

First-Timers Are Big Buyers in August
Sales to first-time buyers made up 32% of August sales, according to the latest REALTORS® Confidence Index survey. Read on to find out how much REALTORS® expect prices to increase in the next 12 months.

Starting a Property Management Business? Here's a Free Step-By-Step Guide





LEGAL

Video: Effect of Recent RESPA Ruling
Watch this month’s Window to the Law video to hear how the Consumer Financial Protection Bureau’s recent RESPA ruling may affect companies that enter into marketing service agreements with other settlement service providers.





LEGISLATIVE & REGULATORY

Feds Seek Input on Marketplace Lending
The Department of Treasury has issued a request for information about marketplace lending, or practices such as online banks, peer-to-peer lending, and crowdfunding that are alternative lenders to small businesses and others. The request is focused mainly on the lenders’ business practices, especially evaluating borrower creditworthiness. Find out why.

CFPB Reassuring as TRID Rules Kick In
New written assurances have been issued by the Consumer Financial Protection Bureau on behalf of the six federal financial regulatory agencies after TRID rules took effect Oct. 3. The message: Early enforcement of the new rules will take into account good-faith compliance efforts.

NAR Notes FAA’s Missed Drone Deadline
NAR has sent a letter to the Federal Aviation Administration noting its missed Sept. 30 deadline to complete integration of unmanned aerial systems into the national air space but still praising the agency’s efforts. Read more.

New RESPA Bulletin Sheds Little Light
An Oct. 8 bulletin on RESPA compliance and marketing services issued by the Consumer Federal Protection Bureau is as notable for what it doesn’t say as it is for what it does say. Find out why.

MORE…Judge Stops Water Rule Nationwide
Why NAR Says New Appraisers are Hard to Find
House Committee Passes Energy Bill
House Approves TRID Good-Faith Safe Harbor

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Starting a Property Management Business? Here's a Free Step-By-Step Guide




MORE FROM NAR





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MARK YOUR CALENDAR



Nov. 5, 2015: REALTORS® Land Institute’s Let’s Make Deals



Call in with your buyers — at no cost— to hear about hot properties for sale across the country.



Nov. 13-16, 2015: REALTORS® Conference & Expo



Check out the website for the big event in San Diego.



March 11-13, 2016: National Land Conference



Prepare now to head to the landmark Adolphus Hotel in Dallas for this industry meeting.




Questions? We’re here to answer and guide you to all the information you need

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The largest and wealthiest group of buyers and sellers in the country is over 50. Understand their motivations and build your business by earning the SRES® designation at REALTOR® University. 

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Be the First to Know and the First to Save.  Follow the REALTOR Benefits® Program Facebook page.

The largest and wealthiest group of buyers and sellers in the country is over 50. Understand their motivations and build your business by earning the SRES® designation at REALTOR® University.


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