Housing Wire

OCTOBER 3, 2023

1 brokerage by transaction side count announced the launch of eXp Exclusives , which will be open to eXp agents and their clients in the U.S. Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app. On Tuesday, the nation’s No.

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Realty Clients Agents Tenants 392

Housing Wire

APRIL 30, 2024

Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent. But if the agent is representing both the buyer and the seller in the transaction — also known as dual agency — a written buyer broker agreement is needed.

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Buyers Open Houses Sellers Agents 448

Housing Wire

JANUARY 4, 2024

Treble damages could result in the NAR and brokerages paying roughly $5.36 Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. The defendants have been ordered to pay damages of $1.78 ” The value education was mentioned across the board.

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Brokerage Real Estate Training Buyers 362

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

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Agents Advertising Real Estate Buyers 375

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

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Real Estate Brokerage Sellers Law 388

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. 4, 2019 and the present.

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Realty Realtors Brokerage Real Estate 410

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

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Realty Real Estate Law Brokerage 350

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

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Real Estate Sellers Realtors Brokerage 322

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. 9, 2020, and the present, and paid a buyer broker commission. Yet another copycat commission lawsuit has hit the court dockets.

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Real Estate Real Estate Agent Realtors Buyers 401

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. ” What’s at stake?

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Buyers Brokerage Agents Realtors 446

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. The day started with video depositions of four real estate brokerage executives.

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Law Agents Realtors Contracts 399

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 8, 2019, and the present. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. The copycat commission lawsuits have made it to the West Coast.

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Realtors Sellers Buyers Real Estate 421

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas. 13, 2019, to the present.

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Real Estate Realtors Realty Buyers 401

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MARCH 20, 2024

Trading volumes in eight residential brokerage or listings companies rocketed up 319% to almost 80 million shares on Friday. NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients.

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Investors Agents Real Estate Buyers 382

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 Keller also added that the presentation was about the flow of money and “not a conversation about what you charge.” Members of the group include many brokerage executives. billion in damages.

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Agents Training Real Estate Real Estate Agent 405

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. This means all those agents who say they have homebuyer clients but who haven’t executed a bilateral agreement are, in fact, engaging in unlawful misrepresentation of their status.

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Agents Buyers Training Law 365

Housing Wire

JANUARY 12, 2024

What’s the secret to nurturing leads and turning them into loyal clients? As your real estate business expands, nurturing your growing client base inevitably leads to a need for improved communication. Below, we take a deep dive into the best real estate CRM solutions for solo agents, teams and brokerages.

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Real Estate Real Estate Agent Tools Agents 402

Housing Wire

OCTOBER 10, 2023

Successful agents create effective and accurate CMA reports that help their clients make informed decisions. Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. It’s imperative that agents invest their time to properly prepare comps!

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Marketing Real Estate Agent Clients Tools 372

Housing Wire

FEBRUARY 29, 2024

Serhant used this story to illustrate how he manifested this deal by religiously following up with the client. Since then, he has helped the same client purchase multiple properties and has gained loyalty for life. I know what they are presenting, and I know what kind of commission rate they are offering. It is super random.

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Agents Real Estate Real Estate Agent Marketing 395

Inman

NOVEMBER 1, 2023

Offerpad's agent partnership program gives agents another tool when making listing presentations, and pays them a 3 percent referral fee when their client accepts an offer from the iBuyer.

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Tools Agents Sellers Clients 152

Housing Wire

FEBRUARY 27, 2024

Among other services, buyers’ agents help clients navigate the extensive paperwork and negotiate the sales price of a home. But clients often are not well educated on the value of these services, Keller argued. In turn, this reinforces the need for buyer agency agreements. “If You are being accused of not being transparent. “If

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Buyers Agents Real Estate Agent Clients 392

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

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Buyers Contracts Real Estate Agents 458

Housing Wire

DECEMBER 15, 2020

Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world. Forbes Global Properties is owned and run by brokerages, with a Forbes ownership stake.

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Brokerage Real Estate Housing Market Sellers 349

Housing Wire

DECEMBER 6, 2023

Here, we summarize the real estate software programs that help you capture leads, organize data and connect with clients more effectively — in a year that promises to be anything but typical. This combination is highly effective for agents needing to keep track of the latest MLS listings and manage client relationships efficiently.

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Real Estate Agents Real Estate Agent Tools 352

Housing Wire

FEBRUARY 9, 2024

Equipped with the right real estate marketing tools, you’ll save time, scale faster, and attract more clients — all without having to learn 40 new complicated skills and programs. Real estate agents today need outstanding websites — or, at the very least, highly functional ones — to both attract and communicate with clients.

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Tools Real Estate Marketing Real Estate Agent 408

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. And you eliminate the current buyer agent comp system (sellers pay) and the consumer will really suffer.” “We

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Realtors Agents Real Estate Real Estate Agent 363

Housing Wire

OCTOBER 31, 2023

According to Stella, as recently as a year ago he could print off a form from MLS Property Information Network (MLS PIN), his local MLS which is a defendant in the Nosalek commission lawsuit , for his sellers with no fields showing what the offered buyer agent compensation was going to be. I just don’t see it,” he said. “As

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Agents Buyers Sellers Realtors 405

Housing Wire

OCTOBER 17, 2023

Buyer and seller-specific landing pages: You’ll want a site that offers visitor-specific content pages. For example, buyers will want to browse listings while home sellers visiting your site will appreciate your free home valuations. The goal: to stay in touch with any and all visitors to your website. per month plus $249.95

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Real Estate Real Estate Agent Agents Tools 371

Housing Wire

APRIL 26, 2022

Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. The pro-competitive, pro-consumer local broker marketplaces serve the best interests of buyers and sellers. The post Judge’s ruling: it’s heartland homeowners v.

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Brokerage Real Estate Agents Realtors 304

Housing Wire

MARCH 25, 2021

RE/MAX has been around for almost half a century, and the brokerage with the red balloons spent their annual convention, held this week in Orlando and virtually, making the case for their continued relevancy. Presented by: Propertybase. But eXp , the Bellingham, Washington-based virtual brokerage, came under the most fire.

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Brokerage Agents Real Estate Agent Real Estate 403

Housing Wire

APRIL 25, 2024

The days of running back to the office to write a tricky email to a client, follow up with a lead, or post on social media are long gone — and they’re never coming back. It’s perfect for virtual tours, video calls, listing presentations, and more. If you want to thrive this year, choosing the right real estate apps is crucial.

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Real Estate Agents Open Houses Tools 335

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 288

Real Estate Brokerage Buyers Property Management 288

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. For more information, visit getbuyside.com or email sales@getbuyside.com.

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Valuation Real Estate Agent Real Estate Clients 278

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

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Buyers Agents Loan Officers Real Estate 370

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.

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Real Estate Agent Real Estate Agents Clients 362

Housing Wire

JUNE 19, 2023

Historically, though, professionals let their clients go after the transaction is complete rather than building a moat around the client that assures future transactions. The newest prop tech applications to moat the client relationship are home management tools. Give customers one place to manage their home.

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Real Estate Business Clients Client Relationships 268