Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. So how do you provide overwhelming value to your buyer clients? Here are the top five ways to provide value to your buyer clients.

Clients 407

Clients Buyers Real Estate Agent Real Estate 407

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business.

Buyers 478

Buyers Contracts Real Estate Agents 478

Housing Wire

APRIL 30, 2024

Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent. Under these circumstances, the agent or MLS participant would not need a written agreement with the buyer.

Buyers 466

Buyers Open Houses Sellers Agents 466

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. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers.

Real Estate Agent 440

Real Estate Agent Real Estate Buyers Agents 440

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. Some agents reported not having made any changes to their business due to the lawsuits, while others have.

Agents 380

Agents Realtors Clients Real Estate Agent 380

Housing Wire

APRIL 16, 2024

We’ve curated the ultimate guide to texting etiquette for agents. with real estate night sweats and want to alleviate your stress by banging out a text does not mean the other agent, your buyer prospect, your seller client, or the appraiser wants to share your insomnia. Wondering if you may have offended a prospect?

Real Estate Agent 392

Real Estate Agent Real Estate Agents Business 392

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Real Estate Agent 479

Real Estate Agent Real Estate Agents Brokerage 479

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. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

Inventory 404

Inventory Agents Real Estate Sellers 404

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 394

Buyers Agents Loan Officers Real Estate 394

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 326

Real Estate Legal Brokerage Clients 326

Housing Wire

NOVEMBER 13, 2020

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. How many other clients are you representing right now?

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

OCTOBER 23, 2023

During her deposition, Warner agreed that HomeServices’ franchise agreements stipulate that the independent contractors need to abide by the NAR Code of Ethics, but that agents don’t necessarily have to belong to NAR. Warner claimed that Blefari’s statements were not a rule for agents to follow, but an example of what Blefari would do.

Law 428

Law Agents Realtors Contracts 428

Housing Wire

APRIL 24, 2024

One of the biggest challenges for agents is finding new clients and staying top-of-mind until they are ready to buy or sell. Today, It is an all-in-one platform designed to help real estate agents manage many aspects of their business, including building meaningful relationships to grow repeat and referral business with clients.

Real Estate 382

Real Estate Clients Tools Contracts 382

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 431

Sellers Buyers Real Estate Contracts 431

Housing Wire

FEBRUARY 27, 2024

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. But what if you could find them first?

Advertising 400

Advertising Tools Real Estate Sellers 400

Housing Wire

MARCH 20, 2024

The company monetizes its platform’s traffic in a variety of ways, primarily by selling leads, software-as-a-service tools for agents and advertising services. 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.

Investors 432

Investors Agents Real Estate Buyers 432

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

Real Estate Agent 380

Real Estate Agent Realtors Real Estate Sellers 380

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 393

Real Estate Real Estate Agent Tools Agents 393

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 421

Sellers Buyers Real Estate Agents 421

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 429

Sellers Real Estate Buyers Contracts 429

Housing Wire

OCTOBER 20, 2023

According to Ketchmark, the buyer’s agent portion of the commission on Ellis home sale accounted for 20.55% of her net equity, meaning the commissions for both agents ate up roughly 40% of the equity she had accumulated on the property. “It We had no problem paying for an agent to sell our house,” Burnett said.

Contracts 402

Contracts Agents Buyers Real Estate 402

Housing Wire

OCTOBER 3, 2023

It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? This falls into the category of “things that make you go hmmm.”

Agents 401

Agents Buyers Training Law 401

Housing Wire

JANUARY 4, 2024

Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers.

Brokerage 405

Brokerage Real Estate Training Buyers 405

McKissock

JULY 6, 2022

One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). Most agents quickly realize that “coordinating the chaos” is a major part of their role in a given transaction. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

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. Additionally, Zurple’s automated pipeline management helps identify the most promising leads, notifying agents when they become hot leads.

Real Estate 398

Real Estate Buyers Tools Real Estate Agent 398

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract. Most important, buyers and sellers should QUALIFY THEIR AGENT.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. In fact, you will become known as a true professional and receive repeat and referral business as a result of doing the best job possible for your clients.

Clients 420

Clients Real Estate Inspection Buyers 420

Housing Wire

AUGUST 28, 2020

billion in VC funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its “Home Reserve” iBuying platform, according to Inman , which spotted a jobs posting Friday morning. The firm is testing two different models with agents in Phoenix, the spokesperson said. The company, armed with $1.5

Brokerage 536

Brokerage Real Estate Agent Agents Real Estate 536

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. ” Homework: Take a close look at your buyer clients.

Real Estate Agent 399

Real Estate Agent Buyers Real Estate Clients 399

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims.

Realty 397

Realty Real Estate Law Brokerage 397

Housing Wire

NOVEMBER 23, 2022

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. There are many areas that appraisers and agents can inform and educate one another so that each of their jobs is done more successfully.

Agents 82

Agents Appraisal Valuation Appraisal Process 82

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

Inspection 406

Inspection Real Estate Agent Real Estate Insurance 406

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

Real Estate Agent 405

Real Estate Agent Real Estate Agents Brokerage 405

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

Sellers 367

Sellers Construction Real Estate Finance 367

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 68

Realtors Agents Real Estate Agent Real Estate 68