Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

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Brokerage Real Estate Realtors Real Estate Agent 333

Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

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Home Improvement Realtors Real Estate Agent Inspection 375

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. That means it’s often the real estate agent’s job to ease their minds and lighten the situation. Here’s how to handle emotional buyers like the pro that you are. Know Their Problems — and Solve Them.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

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Brokerage Realty Real Estate Inventory 387

Housing Wire

JANUARY 11, 2024

Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In

Real Estate 378

Real Estate Sellers Real Estate Agent Agents 378

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. “In 13, 2019, to the present.

Real Estate 405

Real Estate Realtors Realty Buyers 405

Housing Wire

NOVEMBER 8, 2023

Like the Sitzer/Burnett, Moehrl and Nosalek lawsuits, the Gibson suit accuses the defendants of conspiring to inflate real estate agent commissions in violation of the Sherman Antitrust Act. Redfin was likely named because its salaried agents offer standard commission rates to buyer brokers.

Real Estate 397

Real Estate Sellers Realtors Real Estate Agent 397

Housing Wire

APRIL 1, 2024

DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said. Redwood, for instance, has been buying HEIs from third-party originators since 2019 and has been providing liquidity to portions of the nonagency mortgage market.

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Finance Investing Real Estate Agent Real Estate 376

Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! You can use other agents’ listings here, but be careful not to imply that you’re the agent. Are you considering selling your property?

Real Estate 329

Real Estate Open Houses Brokerage Real Estate Agent 329

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S.

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Realtors Sellers Buyers Real Estate 429

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. 27, 2019, and the present.

Sellers 379

Sellers Brokerage Real Estate Realtors 379

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I

Real Estate Agent 424

Real Estate Agent Insurance Real Estate Agents 424

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions. How big could this case be?

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Real Estate Brokerage Sellers Law 395

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. The filing also warns of obstacles the company might face in employing agents.

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Agents Real Estate Agent Real Estate Sellers 375

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 330

Real Estate Sellers Realtors Brokerage 330

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. But recently, we’ve started to see buyers get cold feet. million and 1.92

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Inventory Housing Market Real Estate Agent Buyers 497

Housing Wire

SEPTEMBER 11, 2020

Real estate agent safety has been a concern for years, as the job requires showing empty homes or homes occupied by others, and meeting new people, often alone. Just this week, NAR reported that a real estate agent in Draper, Utah, was showing what she thought was a vacant house for sale to a potential buyer.

Open Houses 545

Open Houses Realtors Real Estate Agent Agents 545

Housing Wire

OCTOBER 20, 2023

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.

Real Estate Agent 417

Real Estate Agent Real Estate Brokerage Agents 417

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 466

Real Estate Realtors Realty Real Estate Agent 466

Housing Wire

FEBRUARY 10, 2021

A 22-year-old, Chicago-headquartered software company, ShowingTime is what it sounds like: “Our products automate the showing, scheduling and management processes” for real estate agents and agent associations, the company’s website reads, claiming that more than 1 million agents in the U.S.

Real Estate 530

Real Estate Agents Real Estate Agent Brokerage 530

Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Reffkin cited the Seattle market as reason for optimism.

Agents 333

Agents Real Estate Agent Realtors Brokerage 333

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

Buyers 342

Buyers Sellers Real Estate Agent Real Estate 342

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.

Real Estate Agent 407

Real Estate Agent Real Estate Brokerage Realtors 407

McKissock

SEPTEMBER 20, 2020

As a real estate agent, your income is determined by your ability to close the deal. To successfully master the art of real estate negotiations, you’ll want to find the most creative and powerful strategies available. Check out our post: Best Books for New Real Estate Agents. Richard Shell.

Real Estate Agent 73

Real Estate Agent Real Estate Agents Contracts 73

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. In the script the agent responds: “Let me explain what happens when you reduce a commission.

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Agents Training Real Estate Real Estate Agent 412

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. over asking price. High octane stuff. But the housing market in the second half of 2022?

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Housing Market Marketing Real Estate Agent Real Estate 493

Housing Wire

MARCH 12, 2024

The office will launch with eight agents , including Reizen. Over the past five years, buyers from Texas, Colorado and Florida have flocked to Sandpoint to acquire property, according to a company news release. Sandpoint is a market with incredible opportunities for lakeside or mountain living, surrounded by amazing natural beauty.

Real Estate 410

Real Estate Brokerage Agents Technology 410

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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Housing Market Real Estate Agent Marketing Realtors 412

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Burnett: After being founded in 2017, we made our first investments in 2018 and 2019.

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Investing Real Estate Agent Marketing Real Estate 320

Housing Wire

MARCH 16, 2022

in 2019, but they are still much more likely than non-Hispanic whites to get denied a conventional loan. One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. Last year, the Hispanic homeownership rate grew to 48.4% from 47.5%

Real Estate Agent 370

Real Estate Agent Real Estate Agents Sellers 370

Housing Wire

DECEMBER 6, 2022

range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender.

Real Estate 353

Real Estate Real Estate Agent Clients Agents 353

Housing Wire

JULY 21, 2021

Selling and buying in The Villages tends to be a highly emotional process, according to local real estate agents. The transaction often brings about a festive atmosphere for the buyers, who are looking forward to spending the rest of their days with a wide range of other seniors. But the resale market works the same.”

Real Estate Agent 395

Real Estate Agent Real Estate Realty Agents 395

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present. More home sellers on the East Coast are getting in on the commission lawsuit action.

Realty 417

Realty Realtors Brokerage Real Estate 417

Housing Wire

MARCH 24, 2021

Buyers can own one-eighth to half of the vacation home. The company connects consumers with real estate agents, and Pacaso “sets up a professionally managed LLC uniquely designed for co-ownership,” the firm said. It is unclear how many customers have transacted with Pacaso. VC investor , and she has financed other L.A.

Real Estate Agent 293

Real Estate Agent Real Estate Modernization Finance 293

Housing Wire

DECEMBER 1, 2021

million Series A round announced in the spring of 2019. Clever’s platform connects consumers with over 12,000 vetted real estate agents. The company negotiates discounted rates, making it easier to compare and interview agents. Since its creation in 2017, the company has raised $13.5

Mortgage 378

Mortgage Real Estate Real Estate Agent Agents 378

Housing Wire

AUGUST 18, 2023

based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. The self-reported list ranks U.S. They must be U.S.-based, Rank Company Growth (3-yr Avg.)

Brokerage 365

Brokerage Real Estate Realty Real Estate Agent 365