Housing Wire

MAY 2, 2024

Training and production top challenges Training real estate agents on new business practices resulting from the NAR commission settlement is tops when it comes to brokerage challenges. That’s no surprise since agents will have to learn how to articulate their value and be better negotiators when it comes to compensation.

Brokerage 367

Brokerage Training Real Estate Real Estate Agent 367

Housing Wire

FEBRUARY 14, 2024

I’ll show you what it takes to succeed as a luxury real estate agent in any market. How do you convince the sellers of $15 million homes to work with you? Use this tool: Agent Image Agent Image offers an array of beautifully designed, luxury website templates to choose from, with seamless CRM and IDX integration.

Real Estate Agent 393

Real Estate Agent Real Estate Agents Luxury Properties 393

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Real Estate Agent Real Estate Agents Tools 370

Housing Wire

OCTOBER 13, 2023

It’s a weird time to be a real estate agent , and I see it all around me here in the Denver metro. But what happens to real estate agents when the market shifts and goes down? In fact, some of the most successful real estate agents have thrived even more when times are tough. When people are less apt to buy and sell property?

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Real Estate Agent Real Estate Agents Marketing 469

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

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Real Estate Agent Real Estate Agents Clients 387

Housing Wire

FEBRUARY 23, 2024

Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. Real estate agents, in particular, deal with extensive personal details during transactions, ranging from financial records to identification documents.

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Real Estate Real Estate Agent Training Tools 425

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

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Brokerage Real Estate Agents Sellers 404

Housing Wire

JANUARY 19, 2021

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. This post compares the individual real estate agent to “a tennis player using a wooden racket” or “a football player with a leather helmet.” The individual agent.

Real Estate Agent 442

Real Estate Agent Real Estate Agents Clients 442

Housing Wire

OCTOBER 18, 2023

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. billion in damages.

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Agents Training Real Estate Real Estate Agent 419

Housing Wire

OCTOBER 25, 2023

Ketchmark said that franchisees being members of their local Realtor associations and MLSs meant that they and their agents agreed to follow the bylaws of the Realtor associations. In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. I was a successful agent.

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Sellers Realtors Agents Buyers 404

Housing Wire

JANUARY 4, 2024

Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers.

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Brokerage Real Estate Training Buyers 390

Housing Wire

JANUARY 21, 2022

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. Hunt is just one among thousands of agents who has ventured into the field of real estate during the COVID-19 pandemic.

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Agents Real Estate Agent Real Estate Clients 378

Housing Wire

OCTOBER 3, 2023

It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? This falls into the category of “things that make you go hmmm.”

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Agents Buyers Training Law 389

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 365

Brokerage Real Estate Agent Real Estate Clients 365

Housing Wire

FEBRUARY 27, 2024

He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements. This has resulted in buyer agency agreements becoming standard practice for Compass agents.

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Agents Brokerage Buyers Training 354

Housing Wire

SEPTEMBER 28, 2023

Our market is popular with out-of-state buyers and agents relocating from other states. Aligning with RE/MAX gives us the best of both worlds – an international brand with local roots.” “It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training.

Brokerage 371

Brokerage Technology Agents Training 371

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” The internet can be a tool, but it is not a replacement for the essential services agents who are Realtors provide.

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Real Estate Agent Real Estate Realtors Agents 434

Housing Wire

OCTOBER 23, 2023

During her deposition, Warner agreed that HomeServices’ franchise agreements stipulate that the independent contractors need to abide by the NAR Code of Ethics, but that agents don’t necessarily have to belong to NAR. Warner claimed that Blefari’s statements were not a rule for agents to follow, but an example of what Blefari would do.

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Law Agents Realtors Contracts 416

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing.

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Buyers Brokerage Agents Realtors 449

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents.

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Real Estate Brokerage Agents Training 363

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Brokerage 389

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 363

Housing Wire

OCTOBER 17, 2023

In agent training videos, Blefari said he pre-writes a 6% commission into all his listing agreements and that he only negotiates commissions if they go up. “I I was showing them [agents] what I did so they can learn from that,” Blefari said in his video deposition, according to Inman. “The

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Sellers Agents Buyers Realtors 398

Housing Wire

APRIL 22, 2024

Access to a hyper-local agent is more important now than ever. You can absolutely send this type of mailer to homeowners around a recently sold property that someone else sold — but make sure you adjust the language and ensure it’s clear you were not the listing agent. We negotiated to get the sellers the highest price possible.

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Real Estate Open Houses Brokerage Real Estate Agent 360

Housing Wire

AUGUST 21, 2020

Although many in the real estate industry say that San Franciscans are relocating to places more inland , some Century 21 agents in the San Francisco and Bay Area beg to differ. Based on the agents that we have and the escrows that we have, [the market] is still going strong, despite the news and negativity we hear about the exodus.”

Agents 449

Agents Real Estate Inventory Buyers 449

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster. Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up.

Real Estate Agent 395

Real Estate Agent Real Estate Sellers Buyers 395

Housing Wire

OCTOBER 13, 2023

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Fewer homebuying transactions means less fraud , right? “No!

Real Estate Agent 414

Real Estate Agent Real Estate Agents Sellers 414

Housing Wire

NOVEMBER 28, 2023

Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers. It’s another step forward in ensuring our agents have access to industry-best resources,” said Richard Haggerty, CEO of OneKey MLS.

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Tools Technology Real Estate Training 375

Housing Wire

JANUARY 26, 2024

He also said that the idea that agents and MLSs are colluding is “ridiculous.” Ketchmark told webinar viewers that when he and his wife went to buy their first home, they sat with their agent and looked at for-sale properties in a phonebook-style MLS listing book. If they want to hire just a regular agent, they are free to do that.

Realtors 422

Realtors Law Agents Real Estate 422

Housing Wire

OCTOBER 23, 2023

During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.” Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

Legal 363

Legal Training Real Estate Realtors 363

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%.

Mortgage 328

Mortgage Marketing Loan Officers Real Estate Agent 328

Housing Wire

FEBRUARY 8, 2023

“ The company said the goal is to cut down on the “friction” that can be experienced by buyers, sellers, agents and LOs during the housing transaction process. Far too many agents, teams, and brokerages have been forfeiting mortgage commissions because there has not been an easy path to mortgage brokerage ownership.

Brokerage 349

Brokerage Mortgage Training Lending 349

Housing Wire

JANUARY 11, 2024

There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions. And he is not alone in this train of thought. Haber said this is where the conversation around potentially creating a new NAR alternative started.

Real Estate Agent 430

Real Estate Agent Real Estate Buyers Agents 430

Housing Wire

SEPTEMBER 13, 2022

Even recently, with technologies like virtual tours or dollhouse-style immersive walkthroughs that provide floor plans, those services can be expensive and require special training and equipment and take a long time to collect data, Allen explains. And it provides major benefits to your sellers and prospective buyers.”.

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Training Buyers Technology Sellers 371

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 412

Mortgage Buyers Agents Real Estate Agent 412

Housing Wire

APRIL 24, 2024

I knew the first thing we needed to do was to combine our training and marketing approach,” he said. But without necessary resources such as a training team, and having only a few marketing professionals, implementation was a challenge. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgage 341

Mortgage Loan Officers Training Business 341

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. States, Guam, Puerto Rico, and the Virgin Islands.

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Realtors Agents Real Estate Agent Real Estate 68