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Opinion: Real estate is already changing, despite commission lawsuit’s outcome

Housing Wire

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. This means a listing agent can now present their listings to the public, offering $0 buyer agent compensation.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. These employee agents are exceedingly more productive than the average independent contractor agent. million real estate agents.

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The ‘double-edged sword’ of dual licensing

Housing Wire

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

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Understanding the Role of the Real Estate Agent

Zillow

While real estate websites and mobile apps can help you identify houses you may be interested in, an experienced agent does much more, including: 1. Before you tour your first home, your agent will take time to learn more about your wants, needs, preferences, budget and motivation.

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First-Time Homebuyers Think Differently – Here’s What Appraisers Need to Know 

DataMaster

According to the National Association of Realtors’ 2023 Home Buyers and Sellers Generational Trends Report , Millennials have made up the largest share of homebuyers from 2014 to 2022. Across all generations, 58% of homebuyers had obtained a bachelor’s degree or higher, and 61% of all buyers were married couples.

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Lamacchia Realty Announces Top Producing REALTORS® for April 2024

Lamacchia Realty

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

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Who Are Millennials and What Do They Want in a Home?

McKissock

The most recent estimates of diversity were completed in July of 2014. Need tips on how to direct first time home buyers with respect to credit counseling ? Check out our course: Millennials are Changing Real Estate: Are You Ready? In a real estate agent, they are looking for top-notch customer service first and foremost.