Offerpad proposes iBuyer-agent marriage

Housing Wire

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. Offerpad did not make agents available for this story.

Agents 335

Compass agents eschew company stock

Housing Wire

Back in 2018, Robert Reffkin exuded that Compass agents were literally invested in the brokerage’s success. It’s purely an offering to respond to an agent’s desire to have ownership in Compass’s future success.”. million in 2021 agent equity stock, according to a public filing.

Agents 302
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Zillow testing major changes to Premier Agent program

Housing Wire

Starting May 25, “several hundred” real estate agents in the Raleigh, North Carolina and Denver metro areas will no longer have access to Premier Agent , thanks to major changes coming to Zillow ’s lead generating platform.

Agents 312

The evolution of the more productive real estate agent 

Housing Wire

Bonnie Williamson never intended to be a real estate agent. million – brokerages have become less focused on attracting new agents into the industry and instead more focused on increasing the productivity of the agents they have. Real estate agents are busier than ever.

Agents scramble to meet demand…in Rochester?

Housing Wire

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. Rochester, New York.

Agents 348

Lawsuit claims Compass defrauds agents

Housing Wire

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. One program has agents buying stock at the “preferred” price of $154 a share.

Agents 343

Agents harness the power of social media to generate leads

Housing Wire

Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I There is no shortage of social media options and many agents, like Lee, have turned to Instagram.

Agents 344

How rookie agents are faring during the pandemic

Housing Wire

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. “I’ve

Agents 321

Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

FinCEN also solicits comments on whether and how to assign a reporting requirement to any or all of the following entities: Title insurance companies, title or escrow companies, real estate agents or brokers, real estate attorneys or law firms, settlement or closing agents.”.

Agents, Don’t Skip the Appraisal

The Appraiser Coach

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 311

A real estate agent’s guide to long-term success

Housing Wire

In today’s fast-paced market, it’s easy for real estate agents to get caught up in scoring quick wins instead of developing a long-term strategy that guarantees sustainable success. That way, real estate agents can close sales without losing any potential leads.

Where real estate agents fit into Zillow’s grand vision

Housing Wire

Zillow, for years, made money selling leads to real estate agents, a practice that agents like Herrera already felt ambivalent toward. The post Where real estate agents fit into Zillow’s grand vision appeared first on HousingWire.

Stellar MLS to launch new agent platform

Housing Wire

The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Agent Florida MoxiWorks Multiple Listing Service Puerto Rico Stellar MLS

Agents 292

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

The activities RESPA allows real estate agents to perform

Housing Wire

It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. The post The activities RESPA allows real estate agents to perform appeared first on HousingWire.

Redfin’s listings to disclose agent commissions

Housing Wire

The commission gobbled up by a homebuyer’s real estate agent will now be posted on Redfin’s listings. Under that deal, the MLS operator/lobbying group for real estate agents agreed that they could no longer keep Redfin and other websites from posting an agent’s commission fee.

Agents 307

DropOffer wants real estate agents to go off-market

Housing Wire

Low inventory means fewer choices for homebuyers, but for years enterprising real estate agents have worked around tight market conditions by searching for off-market homes that fit their clients’ specifications. Housing market inventory is low right now. Historically low.

In defense of the individual real estate agent

Housing Wire

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. The individual agent is on life support, it exclaims. The individual agent. The mega-agent.

Redfin allows buyers to tour homes without an agent

Housing Wire

Direct Access allows homebuyers to self-tour vacant properties without an agent by using the Redfin app to unlock the home. The post Redfin allows buyers to tour homes without an agent appeared first on HousingWire. Homebuyers in 22 U.S.

Agents 336

3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

Real estate agents are typically the individuals who provide information in the MLS. In addition to not leaving fields blank, another way agents can help appraisers to develop more supportable opinions of value is when it comes to accuracy.

Agents 364

How is the housing market impacting real estate agents?

Housing Wire

A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But what about real estate agents? The post How is the housing market impacting real estate agents?

Keller Williams-owned app Smarter Agent to shut down

Housing Wire

Keller Williams -owned Smarter Agent , a Philadelphia-based startup that allows agents to create their own branded apps, will be shutting down its dedicated app. Inman News first reported that Smarter Agent would be shutting down.

Agents 341

New program puts Black real estate agents at forefront

Housing Wire

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents.

OJO Labs rolls out agent referral network

Housing Wire

OJO Labs has launched the OJO Select Network, an agent referral program that matches top performing agents with ready homebuyers or sellers based on an understanding of the agent’s skill set and the consumer’s needs. Select Network gives agents access to new leads, ready homebuyers who are kept engaged until they’re ready to work with an agent and custom consumer insights. The post OJO Labs rolls out agent referral network appeared first on HousingWire.

Agents 264

Real estate agents hold breath on commission disclosure

Housing Wire

But the session did not reach a looming inflection point for real estate agents: Whether they must tell homebuyers what commission percentage they stand to make. At issue is unprecedented transparency required out of real estate agents.

eXp Realty almost doubles agent count

Housing Wire

the holding company for eXp Realty announced that it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020. “Obviously, domestically in the US, we’ve got a pretty good percentage of the agent base.

Realty 311

Why there are so few real estate agents of color

Housing Wire

Shawneequa Badger, leads an agent team at Corcoran Living in Oakland. Amy Kong of Trust Real Estate hosts open houses where people ask, “Where is the agent?”. These are instances of racism experienced by Hispanic, Black and Asian real estate agents.

Buyers Expect Agents to Use Social Media

Appraisal Buzz

This information comes by way of a new survey commissioned by Coldwell Banker … The post Buyers Expect Agents to Use Social Media appeared first on theMReport.com. The post Buyers Expect Agents to Use Social Media appeared first on Appraisal Buzz.

Agents 195

In today’s hot housing market, how are real estate agents staying competitive?

Housing Wire

Or is being a real estate agent just a side hustle for you – something you do in your spare time? So, if you’re planning to be a real estate agent long-term, it’s probably a good idea to run your business like, well, a business, especially in today’s highly competitive housing market.

Need a real estate agent? Here’s how to pick the right one

Housing Wire

That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. A real estate agent is a licensed professional who can guide you through the homebuying process.

Top five questions to ask a potential real estate agent

Housing Wire

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task.

2021 will be the year of the tech-enabled agent

Housing Wire

With the right tech stack, agents and brokers have access to rich market insights at their fingertips, the ability to provide virtual home tours…and a deeper understanding of what consumers really want in a home.”. Instead, the need for a great agent is stronger than ever.

Agents 329

Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. The post Compass acquisition could worry some California agents appeared first on HousingWire.

Agents 312

Ben Caballero heads RealTrends’ 2020 top agent list

Housing Wire

Most of the highest producing real estate agents in the country belong to an established, national brokerage. Heading the RealTrends’ top 1,000 agents list – as he has for most years since 2013 – is Ben Caballero, of Dallas-based HomesUSA.

Agents 371

First American fined $1 million for illegal perks to agents

Housing Wire

will pay a $1 million fine for improper benefits given to California real estate agents. The majority of the group’s 600 members were real estate agents who belonged to chapters in the Santa Clarita and San Fernando Valleys, officials said. First American Title Co.

Agents 371

Peculiar Things About Mortgage Compliance That Title Agents Must Know

Appraisal Buzz

Lenders tend to work indirectly trying to cure items already being addressed by the respective underwriter or title agent. The post Peculiar Things About Mortgage Compliance That Title Agents Must Know appeared first on Appraisal Buzz.

Agents 311

A coastal exodus? These Century 21 San Francisco agents don’t think so

Housing Wire

Although many in the real estate industry say that San Franciscans are relocating to places more inland , some Century 21 agents in the San Francisco and Bay Area beg to differ. These Century 21 San Francisco agents don’t think so appeared first on HousingWire.

Agents 372

Seattle tops list of best metros for real estate agents

Housing Wire

cities determined that Seattle is the top market for real estate agents to currently work in, and Corpus Christi, Texas, was deemed the worst. Of note, the 37th-ranked city for real estate agents to work in — Missoula, Montana — was the top-ranked market for real estate market health.

Can You Be an Appraiser and an Agent at the Same Time?

The Appraiser Coach

It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent.

Agents 311

Agents, Don’t Skip the Appraisal

Appraisal Buzz

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz. Appraisers have been accused of being “speed bumps” in the lending process.

Agents 195