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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

It was the highest share of all-cash transactions recorded since 2014. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.

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San Francisco-based OWN Real Estate makes the leap to Keller Williams

Housing Wire

San Francisco-based real estate team OWN Real Estate joined Keller Williams , the company announced on Wednesday. Founded by Wilson Leung, the team has 19 real estate agents and six staff members. In 2022, OWN Real Estate sold 80 homes, amounting to more than $107.1

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Top California indie team FresYes joins The Real Brokerage

Housing Wire

FresYes Realty , one of California ‘s top real estate agent teams, has left the indie ranks to join The Real Brokerage. Jason Farris and his 50-agent team were the top large team in California by sides in 2021, according to the RealTrends 2022 rankings. They recorded 539 transactions in 2021 worth $203.7

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Washington-based indy firm joins RE/MAX

Housing Wire

Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release. “The

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Christian Wallace joins Real as the chief of integrated home services

Housing Wire

2023, she oversaw business development, back-end operations as well as the partner real estate agent network. Wallace kicked off her real estate career in 2014, after working at FedEx as a regional sales manager for a decade. At Rocket Homes where Wallace worked from Feb. 2022 to Oct.

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Opinion: Real estate is already changing, despite commission lawsuit’s outcome

Housing Wire

Phillip Cantrell is the CEO of Benchmark Realty LLC based in Franklin, Tennessee and the executive vice president of Strategy for United Real Estate. The rule change will prohibit listing brokers from paying buyer’s agents and will instead require sellers to pay them directly if they choose to pay them at all. Look around.

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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.