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Former Keller Williams agents continue their legal actions 

Housing Wire

Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. He was also a regional director for Michigan and northern Ohio from 2006 to 2012, when he oversaw up to 30 KW market centers. District Court for the Eastern District of Michigan.

Legal 363
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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

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Recruiters turn to AI in their quest to lure top agents

Housing Wire

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 327
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Ben Caballero heads RealTrends’ 2020 top agent list

Housing Wire

Most of the highest producing real estate agents in the country belong to an established, national brokerage. RealTrends , which is owned by HW Media , on Friday released its annual list of the top 1,000 agents in the country for 2020, with separate tallies for sales volume and the number of deals done.

Agents 432
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Cracking the code on marketing to the Realtor channel

Housing Wire

That’s nearly 200,000 above the previous peak in 2006. Agents and brokers are anxious about this, and no one sees it changing any time soon. The two largest home search portals are moving from an advertising model to a referral fee model in which agents pay 30-40% for new business. This has created an environment of scarcity.

Realtors 349
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. million members are independent contractors.

Business 369
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The evolution of the more productive real estate agent 

Housing Wire

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.