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Why regular check-ins are the unsung heroes of agent retention

Housing Wire

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 435
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Real estate teams beat brokerage firms in profitability

Housing Wire

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. This means all those agents who say they have homebuyer clients but who haven’t executed a bilateral agreement are, in fact, engaging in unlawful misrepresentation of their status.

Agents 416
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10 ways to use virtual reality technology in your real estate business

Housing Wire

Interactive virtual tours In contrast, interactive virtual tours offer a highly engaging and immersive experience for clients. These tours give clients the freedom to navigate and interact with the VR environment. Source Remote client consultations Virtual reality enables real estate agents to conduct remote client consultations.

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7 money moves to make now for a prosperous 2024

Housing Wire

Make a list of every holiday-related expense you’ll need to fit into your budget, like hosting a party, cards for prior clients and gifts for coworkers and service providers you regularly work with. Consider coordinating your objectives with your brokerage so you’re aligned.

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BHHS CEO Gino Blefari: ‘Doesn’t agree with it one bit’ about commission conspiracy

Housing Wire

Ketchmark then discussed the agreements HomeServices franchisees have their clients sign. He also noted that he expects HomeServices agents to act as fiduciary to their clients and follow the NAR Code of Ethics. In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS.

Sellers 435
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Redfin settles Fair Housing Act lawsuit

Housing Wire

The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predominantly white neighborhoods at a “substantially greater rate than it does in communities of color.”