Housing Wire

DECEMBER 13, 2022

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. Most industry observers expect 2023 to be much more consistent.

Clients 371

Clients Technology Real Estate Agent Business 371

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. million real estate license holders, many handle only one or two transactions a year.

Agents 343

Agents Real Estate Contracts Real Estate Agent 343

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 426

Sellers Buyers Real Estate Contracts 426

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. And, the market looks likely to remain frozen well into 2023, experts told HousingWire.

Housing Market 496

Housing Market Marketing Real Estate Agent Real Estate 496

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 341

Agents Realtors Clients Real Estate Agent 341

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 416

Sellers Buyers Real Estate Agents 416

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.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Those same investors foresee fewer buyer agents as a result, or at least fewer that will pay for the premium services Zillow offers.

Investors 395

Investors Agents Real Estate Buyers 395

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . A total of 14 employees — seven customer services, six sales and one product trainer positions — will be terminated, which is expected to occur on or about January 30, 2023. .

Real Estate 321

Real Estate Advertising Real Estate Agent Investors 321

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.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 368

Real Estate Real Estate Agent Brokerage Agents 368

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.

Real Estate 297

Real Estate Brokerage Buyers Property Management 297

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide.

Real Estate 67

Real Estate Legal Law Contracts 67

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be. I’ll explain later.)

Agents 389

Agents Buyers Sellers Inventory 389

Housing Wire

SEPTEMBER 23, 2022

HW Media : What do you think will be the big themes for the housing market in 2022-2023? As an industry, we keep revisiting the question of, “Will technology replace the agent?” Signs point to “no” — 92% of buyers and sellers chose to work with an agent in 2021. Katherine Mechling: A big one is moderation.

Real Estate Agent 345

Real Estate Agent Agents Real Estate Realtors 345

Listing Spark

OCTOBER 9, 2023

Are you considering selling your home without the assistance of a real estate agent? For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. You set the price, decide how to market your home, and negotiate directly with buyers.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. The goal: to stay in touch with any and all visitors to your website. per month plus $249.95

Real Estate 385

Real Estate Real Estate Agent Agents Tools 385

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

Realtors 64

Realtors Agents Real Estate Agent Real Estate 64

Housing Wire

NOVEMBER 30, 2023

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers. out of 5 stars Rating: 4.5 out of 5. out of 5 stars Rating: 4.5

Real Estate 390

Real Estate Realtors Real Estate Agent Law 390

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. What should appraisers look for in a sales contract?

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Real estate pros can make their best predictions, but no one knows what will happen with 100% accuracy. Email Automation Real estate agents can now use email automation to take tedious tasks off their plates.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Listing Spark

JULY 21, 2023

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. While this can help savvy real estate investors, it can also be a costly overstep.

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Listing Spark

AUGUST 23, 2023

In Dallas, the median home price in Q1 of 2023 was $372,400; the Austin market saw median house prices reach $467,900 at the same time. 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.

Real Estate Agent 36

Real Estate Agent Sellers Real Estate Agents 36

Listing Spark

DECEMBER 6, 2023

For one, you’re not required to have a lawyer present during a home real estate transaction. In fact, homeowners can sell their homes without even hiring a real estate agent. The typical real estate agent fee in Texas is 3%—for each agent. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 359

Real Estate Real Estate Agent Agents Brokerage 359

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. A buyer gets a seller’s disclosure statement for that information.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Appraisal Today

JULY 21, 2023

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often.

Appraisal 89

Appraisal Real Estate Contracts Business 89

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Sellers 98

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. At that time, the real estate market was still being wildly affected by the COVID pandemic. Not all non-lender appraisals require a long time marketing to real estate agents.

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.46

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

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. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Housing Wire

JANUARY 27, 2023

Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers. The goal for the lender is to have half of its production volume come from investment properties in 2023 — up from the current 10 to 15%.

Lending 366

Lending Real Estate Agent Loan Officers Retail 366

Appraisal Today

JANUARY 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. Record Share Of Sellers Give Concessions To Buyers Excerpts: ‘Buyers are asking sellers for things that were unheard of during the past few years.’

Appraisal 52

Appraisal Contracts Sellers Business 52

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 355

Mortgage Real Estate Inventory Construction 355

Appraisal Today

MAY 17, 2024

Fees – do NOT quote your AMC or lender fees Engagement letters Marketing to attorneys, accountants, and real estate agents Referral sources In the past 38 years of my appraisal business, I have done many estate appraisals. For buyers, I tell them to look for these homes for sale. baths, 2,396 sq.ft.,

Tools 64

Tools Appraisal Renovations Design 64

Listing Spark

APRIL 17, 2024

Traditionally, a real estate agent would handle it—but if you’re managing it yourself to eliminate the 3% commission, e-signing software and document management tools are a lifesaver. As of 2023, the average gross profit for a flip is $56,000, but the only way to reach or surpass that number is with careful calculations.

Tools 36

Tools Modernization Real Estate Real Estate Agent 36

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82