The average American credit score is getting stronger, according to CNBC. In fact, the average score hit a record in 2018: 704. Congratulations, America! To measure creditworthiness, the most widely used score in the country is FICO (named for its creator, Fair Isaac & Company, in 1956). The game played here is called “predictive analytics,” which uses your credit information to analyze and predict how you would handle more credit and responsibility. Somebody with a poor FICO score may not be approved for further credit opportunities. The assumption could be …

Sears Holdings, which owns the Sears stores nationwide, has hired the real estate firm Jones Lang LaSalle (JLL) to market the sale of 500 of its U.S. stores, according to Bloomberg. In the meantime, Sears Holdings Chairman Eddie Lampert has placed a $4.6 billion bid to buy the company and keep the stores open. Lampert is no longer Sears’ CEO, but his own holdings and his own hedge fund (ESL Investments) makes him Sears’ largest shareholder, and one of its largest lenders. National Real Estate Investor reports that Lampert’s bid, …

People who work on commission only truly earn their money. They are paid based on what they sell, and the proof is always in the pudding. Of course, even for the best salespeople, commissions can be wildly unpredictable, even despite your best efforts. The way to stay one step ahead of the commission game is to plan your financial priorities. Here are a few tips to do just that: Get real Figure out how many commissions you will need to earn in order to cover your expenses (all of your …

A non-disclosure agreement (NDA) could be your best friend when seeing through a real estate sale. Not having one could lead to all kinds of worst-case scenarios, including the buyer and the seller deciding to finish the sale without you. An NDA can confirm your role in the sale, how much you are to be compensated and what information can and cannot be shared. Buyers can benefit from NDAs as well; they can protect their personal and financial information and prevent the details of the sale from being shared with …

Airbnb’s new initiative, called Airbnb Backyard, will begin testing prefabricated Accessory Dwelling Units (ADUs). These are small cottages that sit behind large houses and are a popular rental on Airbnb. However, Airbnb wants to take that concept a few steps further, by creating homes that are already prepared for hosting guests. Forbes reports that the new venture could also operate as both a producer and a marketplace for selling major aspects of the home. The project is being developed by Airbnb’s product development team, Samara. The properties will be built …

Tech platforms like Zillow, Trulia and Quicken Loans have forever changed the real estate game and transferred most of the action online. However, don’t for a minute give in to the naysayers who are calling for the demise of real estate agents. Your skill, savvy, and service are more in need than ever. In fact, with all of this overwhelming information, you’ve never been more relevant. Here are a few ways to make sure your clients can appreciate you in the age of online technology: Make tech your friend, not …

Cross-border investments sales reached $62.7 billion year-to-date through Q3, according to the research firm Real Capital Analytics. That’s a 56 percent increase compared to the same period in 2017. That stat even surpasses the $60.3 billion seen during the first three quarters of 2015, which was a foreign investment record at that time. “Foreign interest in either the equity or debt stack in U.S. assets remains very strong,” Chris Ludeman, global president of capital markets with real estate services firm CBRE, told National Real Estate Investor (NREI). CBRE reports that …

Brookfield recently bought 125 American malls, which on the surface sounds like business suicide. There is, however, a method to their madness. The commercial real estate services company plans to “densify” 100 of those 125 malls, adding in hotels, residences, and retail (it will redevelop and sell the remaining malls). The properties acquired from General Growth Properties (GGP) will be turned into mixed-use “mini cities.” Brookfield will invest between $800 million and $1 billion each year over the next few years to add what may be needed to makeover the …

The National Association of Realtors® (NAR) has installed its leadership for 2019. The event took place at the 2018 Realtors Conference & Expo, which included the election of a new president. Here are the new officeholders: John Smaby, 2019 President A second-generation Realtor® from Edina, Minnesota who has been in the industry for nearly 40 years. He was NAR’s 2018 president elect and 2017 first vice president. He is a broker at Edina Realty, where he specializes in residential real estate. He was named Minnesota Realtors’ Realtor® of the Year …

The world’s largest real estate services company is joining the white-hot coworking office space business. The reason: big clients and big money. Coworking was originally designed for small startups, remote workers and freelancers who may not have been able to afford traditional office space. However, the trend has since been shifting to larger corporate clients, who are requesting flexible office space and a younger energy and environment for their workforce. In 2019, CBRE is launching its Hana brand in New York, entering property management agreements with landlords. The idea: to …