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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands. Co-opetition.’”

Training 391
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. It is human nature,” Frazier said.

Law 362
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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

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. The surfeit of agents ensures that many will not be able to receive adequate personal training and mentorship.” On this, NAR has previously reached the same conclusion.

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

Housing Wire

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. In 2015, according to RealTrends data, gross margins were at 16.4% for the largest brokerage companies in the United States. Another factor is that leading market-share brokerage ?rms

Brokerage 364
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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

The disputes involve Californian brokerage shops Kevron Investments Inc. Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. .

Contracts 369
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How scammers are using AI to commit new fraud in real estate

Housing Wire

And they solicit a listing to a brokerage: the real estate agent takes the listing and asks for an ID, which checks out. TC: I have a ton of optimism because we have shown in our platform and with our customers that when you get true adoption — when your employees and your customers are trained — you can eliminate this at scale.

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Shane Bronson Promoted to Regional Vice President – Florida

Lamacchia Realty

He has also assisted with some of the intricacies and remaining finite details that were involved in converting the company from a team model to a brokerage model, a process that began in 2015. As a full-service, value-based brokerage, the company’s  mission  is to guide REALTORS®, employees, and clients to their success.

Realty 67