Chip Stella, one of the broker-owners of Wellesley, Massachusetts-based Rutledge Properties, was not having the greatest start to his Friday morning. “I got off the phone about 30 seconds ago from a call with one of my agents. We had a listing with a buyer under contract at $5 million, and he made t

Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market.While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering.The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to tr

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Illustration made with ChatGPTA source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so wou