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Tag: realtor

  • ‘I’m glad I lost.’ How failing in politics led NC Realtor down a surprising path

    Says Leigh Thomas Brown: “I love seeing the running community at races. We cheer for the fastest, we cheer for the slowest, somebody stops and has to tie a shoe, or their quad clenches up, and other runners stop and check on them. We say ‘hey’ to the police, and they say ‘hello’ back. We thank the volunteers, and the volunteers cheer. The only thing that matters is that we’re all out there. It’s the perfect microcosm of what the world is supposed to look like. In a world where we’re all fighting amongst ourselves, running is the opposite.”

    Says Leigh Thomas Brown: “I love seeing the running community at races. We cheer for the fastest, we cheer for the slowest, somebody stops and has to tie a shoe, or their quad clenches up, and other runners stop and check on them. We say ‘hey’ to the police, and they say ‘hello’ back. We thank the volunteers, and the volunteers cheer. The only thing that matters is that we’re all out there. It’s the perfect microcosm of what the world is supposed to look like. In a world where we’re all fighting amongst ourselves, running is the opposite.”

    dvences@charlotteobserver.com

    Charlotte Observer reporter Théoden Janes continues his series of interviews with often-influential, always-intriguing people who live and work in the Charlotte area — conducted while they run a handful of miles together. The hope is that the release of endorphins and dopamine will trigger responses that are less canned, less inhibited, more thoughtful, and more focused.

    This week’s interviewee: Leigh Thomas Brown, 51, Realtor, keynote speaker, author, social-media influencer, and founder of the Patriot Relief disaster-response nonprofit.

    Leigh Thomas Brown shows off her medal after setting a personal-best marathon time in Charlotte in November 2023.
    Leigh Thomas Brown shows off her medal after setting a personal-best marathon time in Charlotte in November 2023. Courtesy of Leigh Thomas Brown

    On her racing resume as a runner: 1:55:21 at the 2023 Huntersville Half Marathon; 26:24 at the ChristmasTown 5K in McAdenville in 2023; 4:09:21 at the 2023 Novant Health Charlotte Marathon.

    Where we ran for this interview: In the Harrisburg Estates neighborhood, just north of Harrisburg Town Center.

    What we covered: Her losses as a political candidate (and why she now views them, collectively, as a big win), the YouTube video that put her on the path to social-media success, and 3.1 miles at an average pace of 10:07.

    The conversation is edited to improve clarity and flow.

    Q. Alright, so the first thing I have to ask you, because I’m not quite getting it: Who are you, and what are you doing with your life?

    I have a really hard time with that. It’s easiest to start with: I’m a wife. I have two kids that are … over 18, but they’re still on payroll. And I love my gigantic family, and I love my church, and I’m a child of God, and I do real estate. And then because I do real estate, I instruct and teach Realtors. And then because I do that, I found out they needed encouragement more than they need tips and tricks. So I became a motivational speaker, which led me to writing books. And then in the course of writing books, it led me to social-media influencing stuff. And then — because I can’t say no when people have needs, which is part of being an “encourager” — when Helene hit Western North Carolina, I started a nonprofit. Because why not? And now I’m building houses for people that are being refused help by other entities.

    So, yeah. I just say “yes.”

    Leigh Thomas Brown at a speaking engagement in Boston in 2018.
    Leigh Thomas Brown at a speaking engagement in Boston in 2018. Matt Difanis

    Q. It doesn’t sound like this was a plan — a strategy. It sounds like you’ve gone where the wind has blown you.

    That’s very accurate. I will say, if you’d asked me when I was in high school (at Northwest Cabarrus) what I would be doing — I wanted to be an English teacher or a chorus teacher. But in college, I changed gears very quickly. Then after I graduated, I changed gears, changed gears, changed gears, because I was trying to find where I belonged.

    One thing I am good at is that if I don’t belong in something, I will pull up stakes and go. I don’t let moss grow on me. And it’s good for me to tell my kids that. My daughter, specifically, doesn’t know what she wants to do or be, and I keep telling her, “You don’t have to know yet.” I didn’t know. I paid for college by bartending and waiting tables; worked on Wall Street (as a financial advisor); sold chainsaws (as a customer business development manager for Husqvarna); had sworn I’d never go into real estate — and now I’m in Year 26.

    Q. So with the Wall Street and Husqvarna jobs, in either or both cases, were you all-in going in, or were you just kind of like, Eh, let’s give this a try and maybe I’ll like it?

    I was enamored of the idea of working on Wall Street because it seemed so glamorous in the movies. Then what I discovered is that people are different when you deal with their money. And I said, “I don’t want to see this side of people.” Combine that with living in Manhattan — I mean, I grew up on a farm. To live in Manhattan, where the only green you have is Central Park? I couldn’t live that way.

    Husqvarna was my escape valve. They didn’t have any women in outside sales. So I said, “I’ll do it.” And I became the only woman on the sales force. I got to go to all the expos and trade shows, I made great friendships, but it was so corporate. We’ve all watched “Office Space.” I couldn’t do it.

    I remember being on the phone with my mom and dad, and I said, “I don’t like this life.” They said, “Then just come home. Go into real estate. Real estate lets you find your own way.”

    Q. But you said you swore that you’d never go into real estate.

    Yeah. I didn’t want to end up doing what my dad did.

    He worked at a real estate office on Eastway Drive, and I remember going to his office as a kid. I also remember wanting to do something bigger and grander, something different.

    Q. What changed?

    I realized my dad had built an amazing business in Charlotte, quietly.

    But my dad’s also terribly disorganized. When I joined him, I was like, “Whoa! How do you live in this office?” There were piles everywhere. So I spent some time organizing what he had and living in his hip pocket.

    I’m so grateful. I mean, to get to work with my dad every day for 11 years? What a gift.

    Marketing material from the early days of Leigh Thomas Brown’s time working with her father, Darrell Thomas.
    Marketing material from the early days of Leigh Thomas Brown’s time working with her father, Darrell Thomas. Courtesy of Leigh Thomas Brown

    Q. I know you had — at least, in the past — an interest in going into politics. (She ran unsuccessfully, as a Republican, for U.S. House seats in 2019 — in a special election — and 2024, and for an N.C. House seat in 2014.) Is that still something you’d like to pursue?

    Well, let’s just be honest — I’ve run three times and lost three times. Glad I lost, because the state of politics today is so, so toxic. And I don’t do toxic very well, because I am an eternally cockeyed optimist. I believe in people, and I just don’t know that who we’re electing right now — on any front — believes in people, and in the inherent goodness of our communities. So, I think I was protected by losing those three times so that I could do other things.

    But I will absolutely say I’m grateful for running because I’ve met so many cool people, built so many relationships, and learned a lot about myself. All three of those taught me: Things that look like a failure on the surface? Not actually failures. They’re just a different pathway opening up.

    To me, the clearest example of that was losing that congressional primary in ’24. If I’d won, I couldn’t have gone to Western North Carolina, and done relief work, and started the nonprofit. So I’m really grateful that I lost, because I could be far more effective on the ground. And if I have my way, we’re going to get a piece of legislation through that’s going to help people who have lost their homes in a natural disaster, who are currently being foreclosed on. I’ve got three different congressmen working on it. And my prayer is that they will freaking talk to each other about it, and get it across the finish line.

    If I hadn’t run, I wouldn’t know those people, I wouldn’t know the language; and then if I’d have won, I wouldn’t have been able to work with the people to see the problem so that it can be solved. So I know I’m where I’m supposed to be.

    Whether I run again in the future? I don’t know if that’s where my skills are needed. I just need to be useful.

    Leigh Thomas Brown was a 2014 Republican candidate for District 82 of the North Carolina House of Representatives.
    Leigh Thomas Brown was a 2014 Republican candidate for District 82 of the North Carolina House of Representatives. Michael A. Anderson Photography

    Q. I saw a poll yesterday that determined public trust in ChatGPT is higher than it is in politicians.

    That’s depressing.

    But the advantage of elected officials over ChatGPT? They’re not destroying groundwater like data centers are. So we’ll give them one point in their favor.

    Q. Do you feel like in some ways you have garnered more public trust via your social-media following than would be the case if you were in office?I wonder if — with your social-media platform (118,000 TikTok followers) and through public-speaking and your books — whether you feel like you almost have more power —

    Oh, 100% I do, because I’m —

    Q. — and that more people trust you because —

    — I’m not beholden to anybody. I can’t be bought and sold. I don’t have to have a script. There’s nobody telling me what I can and can’t say. If I screw up, I’m free to own it, and I’m definitely a fan of personal responsibility and accountability. Lord knows I’ve made my mistakes. And I’ll make some more.

    Q. Tell me a little bit about your strategy when it comes to TikTok and making videos, and how your strategy has changed as you’ve figured it out more.

    This may not surprise you at all after our conversation: I have no strategy at all. I kind of go with the flow.

    I’ve been dropping videos since 2011 I think was my first one. I was mad at Bank of America. And that was my first viral video. It was actually my first video, and it wound up on C-Span and CNBC, The Economist, Consumerist.

    Q. What did you basically say?

    So in the banking world — if you remember, 2011, the heart of the recession. I was representing a lot of short sales. We had helped a family that had job loss. They were in the middle of foreclosure. Well, they got a buyer for the house. Got the short sale approved. But because the two departments don’t talk to each other, the house closed, we had bank approval, keys changed hands, buyer moved in. The next week, Bank of America’s foreclosure guys show up to trash out the house, and of course, they’re armed, because you have to be in that world. The buyers were home. And they said, “Um, we just bought this house.” And I couldn’t get anybody on the phone. So I said, You know what? I’m gonna make a video.

    I threw it on YouTube, and within two hours, I got a call from a vice president at Bank of America saying, “Uhhhh, what’s going on here?” So I gave him the scoop, explained what they’d done wrong. We got it resolved, and I had this Oh-ho-ho-HO! moment of, Okay, this is more powerful than I thought.

    My following grew at that point. Then for a while it was fairly stable — until Helene, when I shared what was going on in the North Carolina mountains. It doubled my audience.

    But my channel? It’s kind of a mess. I have a devotion series, and I spotlight locally owned businesses, and I do real estate, and I talk about political things that are generally local issues. And I talk about my running, because I know that it helps (newer runners) to know that where I started is where they are, and to know that you don’t have to be perfect or fast.

    Q. You just have to be yourself.

    Yeah. Good, bad or indifferent. I mean, there are people who want to tear you down. They thrive on bitterness, ugliness and mean words. You can’t feed that. You don’t feed trolls, you just let them go back under the bridge.

    Q. Do you read the comments?

    Sometimes. I didn’t when I ran for office. That was too painful. I was being attacked by people in my party, people in the other party, people in the middle who feel like it’s their job to tear up candidates.

    One of the top questions I’m asked is, “What’s it going to take to get better people in office?” And I say it’s that the public has got to resist the urge to tear down candidates. They already know their life is going to be scrutinized. They know their viewpoints are going to be in disagreement with people. So you attack, and then you wonder why you only get candidates who are attack-back kind of people.

    I mean, the internet’s not always an unhealthy place, but around politics, it’s 90% toxic.

    Q. But you mentioned that you sometimes do talk about politics in your videos.

    Of course I do, because there are policy issues that impact us.

    I look at Cabarrus County — we’ve grown so quickly, we don’t know what to do. You have people that say, “Stop all the growth! Throw out the garbage! We’re full!” Then you have people who say, “We have jobs. It’s a great place to live. No wonder people want to come here. How do we manage this?”

    Then you have voters who think that the D.C. issues are Cabarrus County issues. They’re not. What they’re doing in D.C. is important to pay attention to. But I think we have our policy focus backwards. If I talk to any voter on the street today, I guarantee they have formed an opinion about Venezuela, even though they haven’t known where Venezuela was since eighth-grade geography, when you had to find it on a map. But if I were to ask those same people, “How do you feel about the proposal to add a data center in the 28213 zip code?,” they’d say, “Wait, what? Where’s 28213? What’s a data center? What does it matter?”

    Real estate agent and motivational speaker Leigh Thomas Brown, photographed in the Harrisburg Estates neighborhood last month.
    Real estate agent and motivational speaker Leigh Thomas Brown, photographed in the Harrisburg Estates neighborhood last month. DIAMOND VENCES dvences@charlotteobserver.com

    Charlotte voters should be looking at their candidates. They should be asking themselves, OK, what’s being talked about by the City Council and County Commission? But how many of them show up at meetings? Three, four? And it’s the same three or four every meeting. The rest don’t go, and then they get mad after the fact. From a policy perspective, people need to get educated before the fact, express an opinion before the fact. Then if you lose? OK, you can get mad.

    I’ll give you a good example: There was a Dollar General that got built here in Cabarrus County, next to a residential neighborhood. And the neighbors pitched a flarin’ fit the minute the ground broke, wanting to fight it. “Shut it down!” And the response was, “Um, you all got notices about this, but didn’t respond. You all could have come to the Planning & Zoning meeting, City Council, County Commission, and you didn’t. So you have no voice now, because you squandered it earlier.”

    So when I’m talking about policy on my social channels, my approach is generally: “This is your chance. You live here. You actually have a stake. Just exercise it. Right or wrong, exercise it.”

    Coming soon: Théoden runs with Remi Okamoto, a dancer from Japan who is in her third season with the Charlotte Ballet.

    Do you know of an influential Charlottean who runs — whether for fun, for fitness, or to feed a serious addiction — and who might be willing to be interviewed by Théoden while they log a few miles together? Send an email with your suggestion(s) to tjanes@charlotteobserver.com.

    Théoden Janes

    The Charlotte Observer

    Théoden Janes has spent nearly 20 years covering entertainment and pop culture for the Observer. He also thrives on telling emotive long-form stories about extraordinary Charlotteans and — as a veteran of three dozen marathons and two Ironman triathlons — occasionally writes about endurance and other sports.
    Support my work with a digital subscription

    Théoden Janes

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  • Realtors agree to change commission rules in a deal that could reduce costs for consumers

    Realtors agree to change commission rules in a deal that could reduce costs for consumers

    The National Assn. of Realtors on Friday said it will make changes to its commission rules to settle national allegations the requirements stifled competition, a move that may reduce costs for at least some consumers.

    The settlement, which still must receive court approval, could mark a major change in the housing market.

    Today, sellers typically pay a 5% to 6% commission when they sell their homes, with half of that going to the listing agent’s brokerage and half to the buyer agent’s brokerage, and critics of that model say the settlement could upend that practice.

    “This settlement over time will benefit home sellers and buyers greatly, eventually lowering agent commissions by tens of billions of dollars a year and helping align agent compensation and services rendered,” Stephen Brobeck, a senior fellow with the Consumer Federation of America, said in a statement.

    Under an existing Realtor rule, listing agents must make an offer of compensation to the buyer’s broker in order to list homes on NAR-affiliated multiple listing services, or the MLS.

    Though NAR says this offer can be zero dollars, the requirement to post an offer — known in the industry as “cooperative compensation” — has reduced competition and kept commission rates artificially high, according to lawsuits filed against the Realtors. The rule has also caused buyers’ agents to “steer” their clients to homes that offer higher commission rates, the lawsuits allege.

    In a news release, the national trade group said it continues to deny any wrongdoing as it relates to its current commission rule, but to settle the allegations, it will pay $418 million and prohibit offers of compensation to buyers’ brokers on affiliated multiple listing services, which also populate listings on sites such as Zillow and Redfin.

    “NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers,” Nykia Wright, interim chief executive of NAR, said in a statement. “It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals.”

    Home sellers could still offer to pay buyers’ broker commissions under the settlement if they communicated it outside the MLS, according to the National Assn. of Realtors.

    But not setting the rules of the game at the outset will inject more competition into the process and open up new ways of payment that should lower costs, according to Robert A. Braun, a partner with Cohen Milstein Sellers & Toll, which is representing home sellers in two of the settling cases.

    Braun said sellers may still choose to pay buyers’ agents something, or buyers may pay their agents directly after negotiating a fee. They may also choose to go without an agent altogether.

    Another option? A buyer agrees to pay a certain price — say $800,000 — only on the condition that the seller then pays the buyer’s agent $24,000, or 3%. “You got a free market,” Braun said.

    Commission rates are a small proportion of a sales price, but they add up. For a home sold at the average Southern California price of $842,997, 6% is $50,580.

    If such changes drive down commissions overall, it could have a big effect on real estate agents who are paid a proportion of the commission sent to their brokerage.

    Higher mortgage rates sent home sales tumbling, reducing pay for agents who are compensated based on the number and price of the deals they transact.

    In California alone, NAR lost 9,723 members from December 2023 to January 2024 — a 4.75% decline.

    Not all agents are worried.

    Michael Khorshidi works mostly with buyers, but sees the new requirements as an opportunity to show the value he brings to clients. Agents who aren’t able to demonstrate their worth will be the ones who lose work, he said.

    “We’re always transitioning,” Khorshidi said. “This is just the latest transition.”

    If the settlement ends up creating a system in which buyers pay their agents directly, it could saddle them with new costs.

    However, Braun argued that buyers would ultimately see reduced costs as well because under the current system, buyer agent commissions get passed along to buyers in the form of higher home prices.

    That doesn’t mean sellers make a conscious decision to set their home prices higher because they need to pay a buyer’s agent. Rather, Braun said it means fewer homes make financial sense to sell because some homeowners don’t have enough equity to pay two commissions.

    If buyers paid their own agent, more homeowners could afford to sell, increasing supply and helping put downward pressure on price, Braun said.

    “Going forward, there is a significant likelihood home prices will be lower than they otherwise would be,” he said.

    Michael Copeland, a real estate agent in Palm Springs, doesn’t think the agreement will alter the market too dramatically.

    To bring in buyers, sellers may still be incentivized to cover both commissions — just as they do today.

    Andrew Khouri, Jack Flemming

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  • U.S. home sales fell in September to the lowest level since the Great Recession

    U.S. home sales fell in September to the lowest level since the Great Recession

    The numbers: Home sales in September fell to the lowest level since 2010, as high mortgage rates continue to hammer the housing market.

    Aside from low inventory, rising rates are eroding buyers’ purchasing power, and drying up demand. Sales of previously owned homes fell by 2% to an annual rate of 3.96 million in September, the National Association of Realtors said Thursday.

    That’s the number of homes that would be sold over an entire year if sales took place at the same rate every month as they did in September. The numbers are seasonally adjusted.

    The drop in sales was slightly better than what Wall Street was expecting. They forecasted existing-home sales to total 3.9 million in September.

    Compared to September 2022, home sales are down by 15.4%. 

    Key details: The median price for an existing home in September rose for the third month in a row to $394,300. Prices are up 2.8% from a year ago. That was the highest price for the month of September since NAR began tracking the data.

    Home prices peaked in June 2022, when the median price of a resale home hit $413,800.

    Around 26% of properties are being sold above list price, the NAR noted.

    The total number of homes for sale in September fell by 8.1% from last year, to 1.13 million units. Housing inventory for the month of September was the lowest since 1999, when the NAR began tracking the data.

    Homes listed for sale remained on the market for 21 days on average, up from the previous month. Last September, homes were only on the market for 19 days.

    Sales of existing homes rose only in the Northeast in September, as compared with the previous month, by 4.2%. The median price of a home in the region was $439,900. 

    All-cash buyers made up 29% of sales, highest since January 2023. The share of individual investors or second-home buyers was 18%. About 27% of homes were sold to first-time home buyers.

    Big picture: The U.S. housing market is in the midst of a serious slowdown that is primarily driven by high mortgage rates. High rates spook home buyers, drying up demand, and high rates also deter homeowners from selling since they may have to purchase another home. For a homeowner with a 3% mortgage rate for the next few decades, there’s little incentive to move.  

    And the residential sector is likely to see sales fall further in October’s data, as the 30-year mortgage inches even higher. Demand for mortgages has collapsed, and some outlets like Mortgage News Daily are quoting a rate of 8% for the 30-year.

    Existing-home sales in 2023 could fall to the slowest pace since the housing bubble burst in 2008, real-estate brokerage Redfin said on Thursday, at a 4.1 million pace. 

    What the realtors said: “Mortgage rates and limited inventory has been the story throughout this year — no different this month, other than the fact that interest rates are moving higher,” said Lawrence Yun, chief economist at the National Association of Realtors. 

    “The Federal Reserve simply cannot keep raising interest rates in light of softening inflation and weakening job gains,” he added. “We don’t want the Fed to overdo it and cause great harm to real estate.” 

    Yun also questioned whether there will be a “fundamental change” or a temporary one to the “American way of life” due to the slowdown in sales.

    Market reaction: Stocks were down in early trading on Thursday. The yield on the 10-year note
    BX:TMUBMUSD10Y
    rose above 4.9%.

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  • International Association of Women Recognizes Regina Ferguson as a 2019-2020 Influencer

    International Association of Women Recognizes Regina Ferguson as a 2019-2020 Influencer

    Regina Ferguson, Director at Strategos International, joins networking organization

    Press Release



    updated: Aug 27, 2019

    ​The International Association of Women (IAW) recognizes Regina Ferguson as a 2019-2020 Influencer. She is acknowledged as a leader in risk management. The International Association of Women (IAW) is a global in-person and online networking platform with more than 100 local chapters, International Chapters in several cities in China and 1000+ in person and virtual events.

    “I’m pleased to welcome Regina into this exceptional group of professional women,” said IPDN President and IAW Spokesperson Star Jones. “Her knowledge and experience in her industry are valuable assets to her company and community.”

    For 16 years, Regina Ferguson worked for a large urban public school district, first as Operations Manager/Senior Paralegal for the inhouse legal services department for eleven years, and then appointed to be the district’s Risk Manager where she oversaw the safety program, all insurance policies, and district administrative policies for staff and student safety.

    After leaving the school district, Ms. Ferguson was approached by Strategos International, LLC, the vendor she worked with to establish safety procedures for student safety. “The owners of Strategos International asked if I would consider working as a Consultant focusing completely on the school division for the company. I already had a strong working relationship with everyone at Strategos International, and within a year my role evolved into a full-time position as Director of Public Schools Safety and Security Solutions,” she said. “I have been with Strategos International as a Consultant and full-time​ employee for two years, in addition to five years as a client.”

    In her current role, Ms. Ferguson works directly with schools and districts to conduct safety assessments, policy and procedure development, training related to active and unknown threats in the school and work place environment, bus safety and behavior pattern recognition training. “We also provide informational sessions for parents and community groups related to recognizing potential threats and how to proactively share those concerns to prevent a potentially hazardous situation in their local schools,” she added.

    “I enjoy working with people to see past their regular routine and understand that safety is everyone’s responsibility.  Safety awareness does not have to be scary; it can be empowering, making you feel you are in control of your own successes.” Ms. Ferguson continued. “Schools are welcoming environments and should be filled with the sounds of happy students; practicing a high level of safety awareness does not have to impact that positive experience.”

    Ms. Ferguson admits it can be challenging to change someone’s mindset from the nostalgic ideas of how things have always been done. “The rewarding part is when that person fully embraces all the necessary changes for a safe school environment and becomes the champion for all safety related topics,” she said.

    “I am here to share the school safety message with whomever will listen,” Ms. Ferguson said. “Every person either has a child in school, knows someone with a child in school or knows someone who works in a school. Because of changes in the culture and climate not only in schools but in our communities, safety training can begin at school but should be a skill that is taken anywhere and used at any given time and place. The hope is we never need to protect ourselves from an active threat. The goal is we all become educated to prevent the potential for a threat and, if one does occur, we not only survive but prevail.”

    In addition to her work with Strategos International, Ms. Ferguson is also a licensed Realtor in Missouri and Kansas working with her husband, Michael, at Michael Ferguson Realty brokered by eXp. The same enjoyment she has working with people translates in her work as a Realtor, and she finds great joy when clients find their perfect home.

    Education & Accomplishments: Master of Business Administration, Webster University; Masters of Legal Studies with Paralegal Certification, Webster University; Guest Trainer for the Missouri School Plant Manager’s Association Core Certification Safety Courses Sept 22-24, 2019; Presenter/Exhibitor at the Missouri School Boards Association Annual Conference Sept 25-27, 2019

    ​About IAW
    The International Association of Women (IAW) is a global in-person and online professional networking platform that provides women the forum, professional development and services needed to thrive in an interconnected world. Through 100+ local chapters, International Chapters in several cities in China and 1000+ in person and virtual events, members cultivate valuable connections, develop professionally, and promote themselves and their businesses. Founded in Chicago in 2017, IAW is a division of Professional Diversity Network, Inc., an online network tailored to provide diverse professionals in the United States with access to employment opportunities.

    Source: International Association of Professional Women

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