5 rules for launching your real estate career REALTOR® Imran Poladi jumped into the business without a clue what he was doing. His mentor, a more experienced agent, taught him how to get more serious about his success. These are the key lessons Poladi still uses today. Full Story: REALTOR® Magazine (10/30)
All work and no play can make your teams dull, lifeless and less than innovative, writes Soulaima Gourani, the CEO and co-founder of Happioh, who offers researched ideas for how injecting fun into the workday can improve creativity and morale while decreasing stress. "The research clearly suggests that leaders who embrace the human aspect of their roles by infusing enjoyment into their lives are better equipped to inspire creativity, navigate stress, foster collaboration, and make informed decisions," Gourani writes. Full Story: Forbes (tiered subscription model) (10/30)
Leaders can jump-start their career success by slowing down, allowing time for self-reflection, pumping up their curiosity and letting go of habits that no longer serve them, writes Christian Greiser, an executive coach and management consultant. "If you find yourself in constant motion, tap the brakes to reduce your speed and start reflecting on what you could do differently," Greiser writes. Full Story: SmartBrief/Leadership (10/31)
Private real estate fundraising declined in Q3 Sixty-one private real estate funds raised $18.2 billion in the third quarter, marking a 71% drop from the second quarter fundraising total of $63.4 billion, according to Preqin. "Market players tend to take a wait-and-see approach, until the future pathway of interest rates is more certain," says Henry Lam with Preqin. Full Story: Bloomberg (10/31)
Fair & Equitable Housing
Tenant screening tech may violate consumer protections The recent White House executive order on artificial intelligence directs regulators review tenant screening systems. The government could take action if such systems are found to violate the Fair Housing Act or other laws. Full Story: GlobeSt (free registration) (10/31)
Legislation & Regulation
CFPB exec sets out plan to hire more enforcement staff Consumer Financial Protection Bureau Enforcement Director Eric Halperin said the agency plans to expand its enforcement division with 75 additional full-time staffers. Halperin said the expansion is occurring amid risks stemming from what he called the "surveillance economy" and that the heightened enforcement efforts will focus on shielding consumers from misuse of personal data collected by businesses. Full Story: Compliance Week (tiered subscription model) (10/30)
Fed set to hold interest rates at 5.25%-5.5% The U.S. Federal Reserve is set to hold interest rates in a range of 5.25% to 5.5% as policymakers wait to assess the impact of past increases on the economy. The Fed will not rule out further hikes as inflation remains above the central bank's 2% rate, making for a "hawkish pause," analysts said. Full Story: Bloomberg (10/31)
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The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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