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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

Housing Wire

While analysts believe the commission lawsuits and overall conversation surrounding agent commissions could put pressure on commission rates, they don’t believe the impact will be felt immediately. “I The good news is that we can bracket the financial impact and they can absorb it, and I think that’s good news.

Brokerage 441
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As title insurance volume shrinks, workers take on more tasks

Housing Wire

The last two years was like drinking from a fire hose and we’re back to more like 2019 levels right now,” David Townsend, the president and CEO of Agent’s National Title , told attendees listening to PropLogix’s State of the Title Industry report webinar Thursday afternoon. “I The second largest age bracket was 35-44 at 19%.

Insurance 381
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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

Agents 86
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5 Tax Tips for Real Estate Agents

McKissock

Tax season is in full swing and if you’re in real estate it’s useful to brush up on specific tax tips for real estate agents. Important tax tips for real estate agents to remember. Many real estate agents leave money on the table when it comes to their mileage,” says Thomas J. Here’s what they said. Don’t forget your mileage.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

11 Helpful Tips For Choosing Comps Whenever I speak to agents about the real estate market and the appraisal process the one topic that the discussion always leads to is about choosing comps. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

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Price Adjustments and the 2023 Market

Lamacchia Realty

You hired the agent who recommended the highest price It’s not necessarily wise to go with the REALTOR® who said to list your home for the highest number. Consider the Price Bracket Along with comps and the Target Pricing Model, price brackets are a helpful tool to use when adjusting the price of your home.