Housing Wire

JANUARY 29, 2024

Interior maintenance: the devil in the details In 2024, buyers are not just seeking a house; they desire a home that has been lovingly maintained. I pay for the first month of staging for my clients. Overall, in 2024, cutting corners on staging is a risk that sellers cannot afford to take.

Realtors 421

Realtors Buyers Agents Decorating 421

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. ” The value education was mentioned across the board.

Brokerage 376

Brokerage Real Estate Training Buyers 376

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

Sellers 424

Sellers Agents Brokerage Real Estate 424

Housing Wire

JUNE 11, 2024

NAR argues that by requiring agents to have signed buyer representation agreements with clients prior to taking them on a virtual or in person home tour, agents will not be able to steer buyers to certain listings that have higher offers of compensation. A Realtor must never put broker compensation before their client’s interests.”

Realtors 389

Realtors Sellers Agents Buyers 389

Housing Wire

NOVEMBER 29, 2023

Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life. Regular communication keeps you top-of-mind when clients are ready to make a move. By sharing market insights, personal stories and useful tips, you can create a bond with your audience.

Real Estate 372

Real Estate Buyers Tools Real Estate Agent 372

Housing Wire

DECEMBER 27, 2023

” As 2024 is not expected to be stellar , analysts foresee more M&A and exits next year. But maybe there are a couple of stragglers and weaker competitors that still end up having to shut down in 2024 because by no means is it going to be like a heroic year of origination. We had about 400 sellers on our own.

Mortgage 375

Mortgage Retail Lending Sellers 375

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

Real Estate 374

Real Estate Real Estate Agent Tools Agents 374

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 375

Inventory Agents Real Estate Sellers 375

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.

Finance 393

Finance Buyers Mortgage Inventory 393

Housing Wire

MARCH 22, 2024

You work hard to serve clients and grow your business. Your home sellers and buyers research you online. Robust search functionality and optimization: RealTrends Verified elevates your brand in the places homebuyers and sellers look first. Your brand stands for something you are proud of and passionate about.

Brokerage 394

Brokerage Real Estate Agents Sellers 394

Housing Wire

JUNE 11, 2024

Clever conducted the survey in the latter half of April 2024. But 70% of agents have reportedly fielded questions from current clients about the NAR settlement and its impact on commissions. Overall, 91% of Americans surveyed stated that they believe the NAR settlement will have some impact on future homebuyers and sellers.

Real Estate 390

Real Estate Agents Sellers Real Estate Agent 390

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 455

Real Estate Agent Agents Real Estate Buyers 455

Housing Wire

JUNE 5, 2024

during the five-year period ending in May 2024. Buyers, sellers and agents can then assess whether a property is priced appropriately based on factors such as location and condition. She advises agents to help their clients focus on comparable listings. from May 2019 to May 2024. Among the 50 largest U.S.

Agents 451

Agents Home Value Buyers Real Estate 451

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 58

Sellers Realtors Buyers Inventory 58

Housing Wire

JUNE 10, 2024

The path forward for the settlement agreements reached by Anywhere , RE/MAX and Keller Williams with the home seller plaintiffs in the commission lawsuits has become a bit murkier. The previous nationwide settlement agreements do not resolve the Batton plaintiffs’ claims as they filed their suits as buyers rather than sellers.

Sellers 421

Sellers Real Estate Agents Realtors 421

Lamacchia Realty

JUNE 7, 2024

has released its “Top Producing REALTORS®,” for May 2024! May 2024 Winners of the Top 10 for the Company are: Shauna Fanning has a passion and a drive for customer service and customer relations and has over 17 years in the field. Also ranking on the 2023 RealTrends America’s Best Real Estate Professionals list and again in 2024!

Realtors 63

Realtors Realty Real Estate Clients 63

Housing Wire

OCTOBER 3, 2023

Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification.

Sellers 355

Sellers Clients Agents Development 355

Appraisal Buzz

JUNE 11, 2024

This policy put VA buyers at a disadvantage in situations where offers of compensation are not offered from a seller, potentially forcing them to forego professional representation, choose a different loan product, or be forced to exit the home buying market entirely. The new VA regulations are effective August 10, 2024.

Realtors 418

Realtors Real Estate Buyers Brokerage 418

Housing Wire

MARCH 8, 2024

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. If recipients wish to opt out or object they must do so by April 13, 2024.

Agents 388

Agents Legal Realtors Clients 388

Housing Wire

MAY 8, 2024

“In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 371

Agents Brokerage Real Estate Clients 371

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

Real Estate 393

Real Estate Realtors Realty Brokerage 393

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The class encompasses home sellers across 20 local MLSs. District Court Northern District of Illinois Eastern Division before Judge Andrea R. Damages in the suit could reach $13.7

Real Estate Agent 344

Real Estate Agent Realtors Real Estate Sellers 344

Housing Wire

OCTOBER 6, 2023

A hearing for preliminary approval of the settlement is expected to occur next month, with final court approval expected in mid-2024. Anywhere will prohibit company owned brokerages and their affiliated agents from using any technology (or manual methods) to sort listings by offers of compensation, unless requested by the client.

Buyers 424

Buyers Brokerage Agents Sellers 424

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. District Court Judge Stephen Bough.

Buyers 401

Buyers Agents Real Estate Agent Clients 401

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 427

Finance Real Estate Agent Real Estate Insurance 427

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 423

Sellers Buyers Real Estate Contracts 423

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. As we get into 2024, if interest rates touch the 5% mark, we can assume a market that heavily favors sellers.

Real Estate Agent 413

Real Estate Agent Real Estate Buyers Agents 413

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

Buyers 464

Buyers Contracts Real Estate Agents 464

Housing Wire

MARCH 22, 2024

According to the SEC filing, 50% of the settlement amount will be deposited into the account within 30 days of the court’s preliminary approval of the agreement, which Compass said it expects to be in Q2 2024. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.”

Brokerage 414

Brokerage Realtors Agents Clients 414

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. Always will too,” one wrote.

Agents 344

Agents Realtors Clients Real Estate Agent 344

Housing Wire

MARCH 27, 2024

HomeServices of America first filed its motion to decertify the class in early January 2024. Through careful analysis, Dr. Schulman explained that commission rates were uniformly high because of the cooperative compensation rule, without which a seller would not pay the commission of the buyer’s broker.”

Law 356

Law Sellers Realtors Contracts 356

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Year over year, RE/MAX’s total agent count in Q1 2024 was down 0.2% million in Q1 2024, compared to a net loss of $0.7

Agents 335

Agents Real Estate Training Buyers 335

Housing Wire

MARCH 18, 2024

Founded in 2007, Nations Direct Mortgage is a direct seller to Fannie Mae , Freddie Mac and Ginnie Mae , according to its website. million clients at loanDepot in January. The wholesale lender notified impacted individuals of the data breach at the end of February. Customers were notified of the protection services earlier this month.

Mortgage 401

Mortgage Government Sellers Clients 401

Housing Wire

DECEMBER 1, 2023

The complaint alleges that due to this rule, home sellers in Manhattan paid inflated broker commissions. You can continue to use the RLS, rely on the UCBA, engage clients, and transact business as you normally would,” the email read. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves.

Real Estate Agent 357

Real Estate Agent Real Estate Agents Brokerage 357

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion.

Sellers 413

Sellers Buyers Real Estate Agents 413

Housing Wire

DECEMBER 20, 2023

In a statement on Wednesday, NAR spokesperson Mantill Williams said that compensation is “always negotiable” between agents and their clients. HomeServices of America and attorneys for the plaintiffs did not return a request for comment.

Real Estate 336

Real Estate Sellers Realtors Brokerage 336

Housing Wire

FEBRUARY 14, 2024

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Visit Coffee & Contracts 2. Visit Agent Image 3.

Real Estate Agent 380

Real Estate Agent Real Estate Agents Luxury Properties 380