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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

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.” I do believe training is essential.” billion in damages.

Agents 407
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Q1 2024 BrokerPulse: Leaders predict flat home prices, lower interest rates

Housing Wire

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.

Brokerage 365
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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

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. In her testimony, she noted that training modules receive very few views. According to Goffstein, MARIS has between 350 and 450 members most years.

Law 401
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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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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

Due to this, Edgerton and other industry leaders believe it is essential for agents to focus on training and education as the mid-July deadline looms just a few months away. We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations. More off-MLS listings?

Brokerage 387
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How to become a luxury real estate agent

Housing Wire

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Invest in a polished personal brand that exudes sophistication and professionalism.

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Stakes are high as first buyer broker commission lawsuit goes to trial today

Housing Wire

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. million, respectively. ” What’s at stake?

Buyers 446