Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

MAY 30, 2024

Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. No one else compares when it comes to brand recognition and tools to market our clients’ homes. We look forward to helping them continue to expand and elevate their business as they open this new chapter in their storied history.”

Realty 432

Realty Brokerage Real Estate Clients 432

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.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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. Offer bundled services options.

Real Estate 368

Real Estate Business Clients Client Relationships 368

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer.

Brokerage 420

Brokerage Real Estate Realtors Real Estate Agent 420

Housing Wire

FEBRUARY 22, 2024

Growing and changing is vital to expand your services and business growth so that you can tailor services in REO. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Demand for existing homes — including REO assets — outpaces the available supply.

Business 410

Business Marketing Real Estate Legal 410

Housing Wire

JUNE 4, 2024

I pondered how they could offer the assistance that buyers and sellers required at such competitive rates. Although I remained confident in my skills and the value I brought to my clients, I couldn’t help but question how I would compete with a company capable of offering such low-cost representation en-masse.

Real Estate 189

Real Estate Brokerage Clients Realtors 189

Housing Wire

DECEMBER 12, 2023

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS. The National Association of REALTORS will respond to this complaint in court.”

Realtors 450

Realtors Sellers Buyers Real Estate 450

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. All business practice changes tied to the settlement are poised to take effect on Aug.

Agents 421

Agents Advertising Real Estate Agent Buyers 421

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 421

Inventory Agents Real Estate Sellers 421

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. population.

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Buyers 466

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have. Always will too,” one wrote.

Agents 431

Agents Realtors Clients Real Estate Agent 431

Housing Wire

MAY 8, 2024

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Reffkin added that he also believes agents will have to sell their brokerage firm’s value proposition to prospective clients if they want to gain their business. Reffkin’s confidence came from what he called “five facts.”

Agents 441

Agents Brokerage Real Estate Clients 441

Housing Wire

APRIL 24, 2024

“Settling these claims today allows us to move beyond a very costly litigation process and focus our full time, energy and resources on what matters most: our agents, affiliate brokerages, staff and clients,” Mike Golden, the co-CEO of @properties and Christie’s International Real Estate, said in a statement.

Brokerage 385

Brokerage Real Estate Agents Sellers 385

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.

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Agents 466

Housing Wire

MARCH 25, 2024

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 441

Agents Advertising Real Estate Buyers 441

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.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Clients 410

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 431

Realtors Agents Real Estate Logistics 431

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. agent count.

Agents 420

Agents Real Estate Training Buyers 420

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 384

Brokerage Real Estate Agent Real Estate Clients 384

Housing Wire

MAY 1, 2024

Just six months ago, when a Missouri jury found HomeServices of America, Keller Williams and the National Association of Realtors (NAR) liable for colluding to artificially inflate real estate agent commissions , the industry’s path forward was very murky. Dwiggins noted that unrepresented buyers also pose a major threat to the industry.

Realtors 420

Realtors Real Estate Agent Real Estate Brokerage 420

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. A wise agent right now is talking to buyers and sellers,” Brown said.

Real Estate Agent 432

Real Estate Agent Real Estate Agents Clients 432

Housing Wire

OCTOBER 3, 2023

Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? But you do so at your own risk.

Agents 410

Agents Buyers Training Law 410

Housing Wire

OCTOBER 31, 2023

He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee. Conceivably bypassing buyer agents altogether. So, what will be the outcome? Look around.

Real Estate 421

Real Estate Realtors Agents Buyers 421

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. Who’s named?

Real Estate 421

Real Estate Brokerage Sellers Law 421

Housing Wire

MAY 7, 2024

The coming changes that Poleg referenced are the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement. Overall, revenue from Real’s ancillary businesses rose 104% annually in Q1 2024 to $1.5

Agents 432

Agents Brokerage Training Business 432

Housing Wire

NOVEMBER 16, 2023

We learned about it from NAR long after it started,” Florance said in an interview with HousingWire at the National Association of Realtors NXT convention in Anaheim on Wednesday. We have 189,000 real estate clients who work with us. What moron would shoot themselves in the head by doing that?” Florance said. “We

Real Estate 441

Real Estate Agents Buyers Sellers 441

Lamacchia Realty

APRIL 19, 2024

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Along with being extremely motivated, Lynn is energetic, warm, and straight forward with her clients and never misses a detail.

Realty 73

Realty Realtors Training Clients 73

Housing Wire

OCTOBER 19, 2021

In a purchase market, there are multiple stakeholders who have vested interests in the transaction – buyers, sellers, Realtors – and originators, all working under time-driven constraints including rate-lock commitments, mortgage-based contingencies and move-in/move out dates which all rely on timely and accurate decisions.

Business 384

Business Clients Technology Training 384

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. The National Association of REALTORS® (NAR) is America’s largest trade association with over 1.5

Realtors 65

Realtors Agents Real Estate Agent Real Estate 65

Housing Wire

NOVEMBER 1, 2023

“I think it will come down to the individual brokers to get the damages, and that kind of money will put a significant amount of the brokers out of business,” the Berkshire Hathaway HomeServices Drysdale Properties broker-owner said. Can we ask if the buyer is represented now? I do believe they will.

Open Houses 479

Open Houses Brokerage Agents Realtors 479

McKissock

APRIL 14, 2021

How many of your real estate clients have used you before in a home sale? A survey by the National Association of REALTORS® (NAR) said 91 percent of buyers would likely use the same real estate sales agent again or recommend them to a friend. Stay in touch with real estate clients. Send your real estate clients goodies.

Real Estate 86

Real Estate Clients Business Real Estate Agent 86

Housing Wire

JANUARY 10, 2024

John Ruhlin’s book Giftology sheds light on creating a strategic and thoughtful approach to gift-giving, offering real estate professionals a unique perspective on how to create positive impressions that last beyond the closing table and set you up for return and referral business. Add the clients’ names and the date of their closing.

Real Estate 437

Real Estate Clients Retail Client Relationships 437

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That may be a slightly rosy framing of buyer agents’ impact on ZIllow’s revenues.

Investors 458

Investors Agents Real Estate Buyers 458

Housing Wire

APRIL 15, 2024

With the real estate industry adjusting to the National Association of Realtors commission lawsuit settlement agreement , the importance of a tried and trusted MLS business partner is undeniable. HousingWire: REcolorado does not just serve Colorado real estate professionals you consider yourselves their business partner.

Real Estate 421

Real Estate Business Agents Tools 421

Housing Wire

DECEMBER 29, 2021

Caballero is like any real estate listing agent, on the hunt for clients. But instead of individual homesellers his clients are homebuilding companies including Toll Brothers , Trophy Signature Homes , and Historymaker Homes. We are not a business to consumer company. We are business to business.

Realtors 397

Realtors Real Estate Agent Agents Real Estate 397