In other words...
News, Thoughts, and Insights.
BRIAN PATE – REALTOR®, Real Estate Instructor
Brian@PateRealty.com
919-669-4575
Brian Pate has been a well-respected real estate professional for 30 years. During his time in the business, he has served as an agent, manager, instructor, coach and trainer for over 20,000 real estate students. In addition, the teams he has managed and coached have produced over $2 billion in real estate sales under his leadership.
Cruel Summer in Real Estate
In a nod to the 1980s girl band, Bananarama, we are getting ready for a cruel summer in real estate.
Buyer Demand High But Contract Signings Slow Nationally
Pending home sales are down nationally as well as here in the Triangle real estate market.
Apartment Rents Declining Nationally
The rate of increase in apartment rent is rapidly dropping, favoring tenants for the first time in years.
Automated House Appraisals
To ensure accuracy, fairness, and compliance with anti-discrimination laws, authorities would mandate that companies using computerized valuation algorithms employ best practices and processes. This is according to a Biden administration plan.
Copyright Law and AI Technology
Despite the fact that copyright law is grounded in human authorship and dates back to a Supreme Court ruling from the 1880s, a number of instances employing cutting-edge AI technology are currently contesting that rule of law.
Annoying Realtor Marketing
I asked the question on social media, “Tell me what annoys you about Realtors, their advertising, those “tricks” they use or anything else that irritates you about Realtors.”
AI Regulation is Almost Here
The IT sector has been rocked by advances in artificial intelligence this year, prompting calls for regulations governing how the technology should be used from politicians, consumer advocacy organizations, and even AI professionals themselves.
US Population Has Aged
According to new Census Bureau data, the US population has aged over the previous 20 years, with fewer children under the age of 5 and more aging people.
Commercial Real Estate Update
This week presents a challenge for the largest American owners of apartments: competition from an excess of brand-new apartment buildings.
DR Horton Sells Homes to Pretium Partners
In a $1.5 billion transaction, the homebuilding business D.R. Horton Inc. will sell thousands of homes to real estate investment management company Pretium Partners.
What are business owners asking today?
Even though a lot has changed, disruption is still what makes work today what it is. The biggest risks will be taken and the biggest rewards will be found by those who embrace change.
Insights on Rental Housing
The rental housing business is becoming an institutional business. 16 million people live in a large apartment complex. Another 12.8 million live in a small apartment complex. 12 million people rent a detached, single-family home and another 3 million rent a condominium that is individually owned by somebody.
Home Rented By Taylor Swift Is For Sale
Taylor Swift, the pop icon presently on her Eras Tour, has been making news for her completely sold-out venues and exorbitant ticket prices.
Wages Up In May Jobs Report
With the preliminary May jobs report coming out yesterday, we saw average hourly earnings up 0.3% which was in line with the expectations. Compared to last year, hourly earnings were 4.3%, down from 4.4% in 2022.
Antitrust Lawsuit vs NAR Trial Date “Coming Soon”
Judge Andrea R. Wood, in a telephone status hearing yesterday, said she expects a trial date for the Antitrust lawsuit against the NAR soon.
Home Buyers Depend On Agents for Mortgage Recommendations
It is more important that ever for real estate agents to have knowledge of the lending market and stay on top of average interest rates, types of loans available and the best lenders for each buyers’ particular scenario.
YEARS IN REAL ESTATE
NUMBER OF AGENTS IN NC BRIAN TEACHES PER YEAR
In Real Estate sales through teams Brian has managed
Featured Courses
General Update
4 hours of Update CE Credit for the 2022-2023 license year. Topics include: WWREA Disclosure, Racial Equity, Broker Fiduciary Duties, Laws and Rules updates and Licensing and Education Updates.
Broker-In-Charge Update
4 hours of Update CE Credit for the 2022-2023 license year. Topics include: WWREA Disclosure, Racial Equity, Broker Fiduciary Duties, BIC Best Practices Guide, Laws and Rules updates and Licensing and Education Updates.
Ethics Course
This course qualifies for 4 hours of continuing education credit from the North Carolina Real Estate Commission and qualifies for the 2.5 hours of Ethics training required by the National Association of Realtors.
Business Planning Clinic
Take your business to the next level in 2022. We'll study will study the difference between marketing, advertising and promotion. We will discuss financials, pros and cons of different business entities, and more.
Register Today. Who knows, you may even enjoy the class.
We laugh. Some cry. We learn.
