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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Brokerage 397
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 403
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Josh Team out as Keller Williams president

Housing Wire

The shake-up follows founder Gary Keller’s announcement in October that he would step down as CEO of the Austin, Texas-headquartered brokerage. How to Diversify Your Brokerage to Weather Economic Hardship. Liebert does not have a background in real estate. Team also did not have a real estate background.

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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

.” Barriers to entry (or lack thereof) In the second part of his three-part study, published last October, Brobeck argues it is too easy to become a licensed agent. A 2015 NAR study noted that becoming a licensed agent takes on average 70 hours, which is 302 hours less than it takes to become a cosmetologist.

Agents 425
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Have you clearly defined your brokerage’s value proposition?

Housing Wire

Some 15 years ago, real estate agents had only a few choices when deciding which real estate business model to choose. From virtual, capped models to low-fee and discount, agents can pick the company that best fits their needs. In 2015, according to RealTrends data, gross margins were at 16.4%

Brokerage 364
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Real estate tech roundup: Shaker, zavvie and Homie

Housing Wire

iBuying platform zavvie has launched zavvie Pro , with the goal of helping real estate agents turn homeowners into home sellers. “Zavvie Pro keeps the modern agent at the center of every sales transaction, no matter what the homeowner decides,” Lane Hornung, zavvie co-founder, and CEO, said in a statement.

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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. In a ruling that appears a complete slam dunk for the plaintiff’s, Bough goes into depth about the arguments made by plaintiff’s witness Craig T.

Brokerage 327