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Agents might be more tempted to switch brokerages in 2024

Housing Wire

Real estate agents appear to be more open to changing brokerages in 2024 compared to last year, according to a recent Coldwell Banker survey. Agents cited several reasons that could compel them to switch brokerages. The survey also examined agents’ priorities when choosing a brokerage to affiliate with.

Brokerage 421
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Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 441
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7 money moves to make now for a prosperous 2024

Housing Wire

Think carefully about what goals you want to achieve in the coming year, such as prospecting targets, advertising, closings and taking time off. Consider coordinating your objectives with your brokerage so you’re aligned. Here are a few to consider: Education: Costs for continuing education , training, books and conferences.

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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. Those details are clearly established in the listing agreement between your brokerage and the seller. Read your brokerage ‘s listing agreement.

Agents 410
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10 ways to use virtual reality technology in your real estate business

Housing Wire

For example, Redfin , a real estate brokerage firm, adopts VR to offer virtual walkthroughs of properties with QR codes. VR training of agents Real estate firms are increasingly adopting VR to provide their agents with immersive and interactive learning experiences. VR will also allow agents to complete safety and compliance training.

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Redfin settles Fair Housing Act lawsuit

Housing Wire

The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predominantly white neighborhoods at a “substantially greater rate than it does in communities of color.”