Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

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Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

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Buyers Mortgage New Listings Real Estate Agent 418

Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L.

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Legal Brokerage Agents Real Estate 430

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed. Originally filed in 2020 in U.S.

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Sellers Buyers Real Estate Contracts 432

Housing Wire

JANUARY 25, 2023

The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed. Homebuyers have traditionally been the byproduct of our referral partners, such as real estate agents and homebuilders,” Earnest said. “We

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Buyers Mortgage Real Estate Agent Contracts 479

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

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Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

SEPTEMBER 23, 2022

But ultimately, real estate is the business of delivering homeownership — the primary means by which most Americans build generational wealth — to people, and the affordability crisis challenges that, disproportionately affecting low-income homebuyers and people of color. Katherine Mechling: A big one is moderation.

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Real Estate Agent Agents Real Estate Realtors 365

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. We know the feeling.

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Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 394

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Anywhere Real Estate just settled two of the cases for a total of $83.5

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Buyers Agents Loan Officers Real Estate 395

Housing Wire

NOVEMBER 1, 2021

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. That means you’ve been thinking about real estate agents…a lot. It’s the real estate agent who has the consumer’s trust at this point.

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Real Estate Agent Real Estate Agents Lending 410

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

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Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

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Real Estate Brokerage Buyers Property Management 318

Listing Spark

JULY 21, 2023

Flipping homes is a lucrative real estate investment strategy, but it can also be a risky one. A popular consideration is getting a real estate license. After all, you can then search for homes on the MLS, negotiate contracts without a real estate agent (or expensive commission), and then list it back on the MLS.

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Real Estate Real Estate Agent Agents Investors 36

Housing Wire

JULY 12, 2022

Fannie Mae also plans to use hybrid appraisals more often in 2022, as part of its equity plan , which is intended to “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower.”. The State of Appraisals in 2022. The seller accepts it; they go into contract.

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Appraisal Inspection Real Estate Agent Training 410

Eppraisal

SEPTEMBER 7, 2022

Listing agents did not have to do as much to get a home under contract as they do in a more balanced market or in a buyer's market. Sellers and their listing agents will have to put forth more effort now. Here are a couple additional services your listing agent should be offering as the market changes.

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Real Estate Agents Real Estate Agent Marketing 69

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

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Mortgage Loan Officers Government Buyers 382

Empire Appraisal Group

NOVEMBER 3, 2022

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. The survey of more than 600 appraisers and 2,500 residential real estate pros was conducted in May. Source: Can You Talk to an Appraiser? nar.realtor).

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Appraisal Legal Appraisal Process Real Estate 78

Raleigh Realty

JULY 31, 2022

This is one of the steps that happen after you go under contract and sometimes can happen prior to. At the end of this inspection period repairs, financial concessions, or other negotiations may occur before entering the final phase of the contract. What is the cost of a home inspection?

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Inspection Sellers Real Estate Agent Buyers 148

Housing Wire

DECEMBER 13, 2022

HousingWire: 2022 has proven to be a challenging year for the industry, and as a result, there seem to be two camps of thought: “Hunker down and get through it” or “Find opportunity growth amid chaos.” MF: The big story in 2022 was the quick change. MF: It’s not a surprise that growth in this market will come from purchase.

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Clients Technology Real Estate Agent Business 393

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller. 00:02:50] Peaking into the Fall 2022 Austin housing market.

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Housing Market Real Estate Marketing Buyers 36

Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. September 28, 2022. September 27, 2022. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Contracts Architecture Housing Market 52

Lamacchia Realty

FEBRUARY 21, 2023

Data for off-market listings as of November 8, 2022 provided by [link] Additionally, this table shows the percentages of homes where the Zestimate was within 5, 10, or 20% of the transaction price in various geographic locations. Data for off-market listings as of November 8, 2022 provided by [link] A Zestimate CAN’T Replace a REALTOR®!

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Real Estate Agent Real Estate Sellers Realtors 73

Housing Wire

NOVEMBER 24, 2021

From injecting technology into the mortgage process to redefining the real estate agent and home shopper relationship, these leaders have laid the foundations for millions of homeowners. Brena Nath: What are two trends in the mortgage and real estate industry that you’re closely watching?

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Mortgage Technology Real Estate Contracts 337

Hank Miller Team

DECEMBER 14, 2022

The typical real estate agent doesn't dabble, they will do whatever necessary to secure their commission. Home Sellers & Appraisers When an owner decides to list, their first move to solicit a real estate agent. The market during 2021 to mid 2022 was an anomaly, fueled by reckless spending and impulse.

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Appraisal Real Estate Agent Contracts Agents 52

Hank Miller Team

JULY 7, 2022

The great Atlanta real estate market adjustment of 2022 is upon us. Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity. Expect that to change.,

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Appraisal Real Estate Agent Contracts Real Estate 52

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

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Contracts Real Estate Agent Sellers Real Estate 36

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company.

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Brokerage Agents Real Estate Law 360

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. July 25, 2022 . This is actually about fewer buyers getting into contract. Appraising Weird Stuff is Challenging!

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Real Estate Agent Real Estate Appraisal Agents 52

Listing Spark

DECEMBER 2, 2022

Unfortunately a contract’s “as-is” clause can be confusing for some sellers. The “as-is” clause on a standard Texas TREC contract can be confusing for some home-sellers. A buyer might check the box in the contract that says they are purchasing the home as-is. Negotiations are a part of real estate.

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Contracts Sellers Inspection Buyers 36

Eppraisal

JULY 27, 2022

That's not to say that a real estate agent's services aren't important. In fact, an experienced and knowledgeable real estate agent can help you negotiate many pieces of the real estate transaction to net you more money. Commission Houses have practically been selling themselves.

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Real Estate Agent Real Estate Brokerage Sellers 36

Appraisal Today

DECEMBER 2, 2022

Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. My comments: Real estate agents and brokers are salespersons. NAR Appraisal Survey 2022.

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Appraisal Agents Real Estate Real Estate Agent 79

Listing Spark

AUGUST 23, 2023

If you’re a typical home seller offering a 3% commission to your listing agent, that’s a median cost of $11,172 or $14,037, respectively. There are valuable services that real estate agents provide, such as advertising the property, listing it on the MLS, handling the title process, and negotiating deals.

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Real Estate Agent Sellers Real Estate Agents 36

Listing Spark

APRIL 17, 2024

House flipping isn’t just an opportunity for big real estate companies or home improvement television channels—it’s becoming a reliable source of income for Americans running a solo business or small real estate investment venture. This trend changes the landscape for real estate investors and house flippers.

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Tools Modernization Real Estate Real Estate Agent 36

Appraisal Today

SEPTEMBER 22, 2023

Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses. They included appraisers, real estate agents, and someone with a week, a month, or online video training. of the state’s appraisers.

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Appraisal Training Inspection Real Estate 85

Hank Miller Team

NOVEMBER 4, 2022

But how many of these mournful buyers made the cardinal sin of not qualifying their agent? Unqualified Real Estate Agents A worm easily clears the bar to entry and retention for real estate agents, that will never change. Betting it All The market over 2021-mid 2022 was unrealistic.

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Buyers Real Estate Agent Agents Real Estate 40