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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one.

Brokerage 387
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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 368
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Retail reverse mortgage production took a hit in January

Housing Wire

I think things have definitely picked up,” said Tane Cabe, a broker with C2 Financial Corp., I’ve talked to some leaders in this space recently and they’re telling me they’ve definitely seen an increase in volume. said in a recent interview. That seems to be the general feeling.

Retail 341
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The Sitzer/Burnett trial kicks off in Kansas City

Housing Wire

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.

Sellers 384
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

Every single client scenario is different,” said Hunter Marckwardt, executive vice president of CrossCountry Mortgage. “[The So when I look at what’s deterring clients right now, is sticker shock,” Gastelum added. Sellers are funding temporary rate buydowns but It’s really kind of a case by case.

Business 401
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The 11 best real estate CRMs for 2024

Housing Wire

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. It’s a high-functioning customer relationship management (CRM) tool with robust features, integrations and automation.