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2024 NAHREP President Nora Aguirre on threats to first-time homebuyers
Nov 13, 2023
Nora Aguirre, incoming president of the National Association of Hispanic Real Estate Professionals, discusses the impacts of recent commission lawsuits on first-time homebuyers and minorities. She emphasizes the importance of education, buyer representation agreements, and high-touch relationship building. Aguirre also delves into supporting NAHREP members, the launch of the National Association of Hispanic Contractors, and the need for collaboration within the real estate industry.
25:27
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Quick takeaways
- To support first-time homebuyers, real estate professionals should partner with lenders to find financing options for the costs associated with buying a home.
- Developing high-touch relationships with clients and understanding their needs is crucial for real estate professionals to demonstrate their value and provide ongoing support throughout the real estate process.
Deep dives
Importance of partnering with lenders for first-time homebuyers
First-time homebuyers often struggle to afford the cost of buying a home and may not have the extra money to pay real estate professionals. To help these buyers, it is crucial to partner with lenders who can provide financing options for these costs. By working with lenders, such as through lender financing or nonprofit organizations, real estate professionals can find ways to assist these buyers in affording their services. This collaboration with lenders is essential to support first-time homebuyers in difficult financial situations.
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