Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1 in 2003. “We

Agents 363

Agents Brokerage Real Estate Clients 363

Housing Wire

NOVEMBER 9, 2023

The verdict runs contrary to what we all know about the value we bring not only to our clients but to the functioning of a buyer-seller real estate market more generally,” Kasper said. As she has stated previously, NAR plans to appeal the verdict and that Sitzer/Burnett saga is far from over.

Agents 397

Agents Legal Sellers Clients 397

Housing Wire

JULY 28, 2023

Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Demonstrate your values to customers Buyers and sellers want more than just transactional relationships with their agents.

Real Estate Agent 311

Real Estate Agent Real Estate Agents Clients 311

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 495

Buyers Agents Mortgage Real Estate Agent 495

Housing Wire

MAY 3, 2024

“While there are a lot of factors currently affecting the real estate market, one thing remains constant: RE/MAX agents leverage their skills, experience and competitive advantages to serve as many customers as they can,” said Erik Carlson , who was appointed as the firm’s CEO in November. He noted that the average RE/MAX agent closed 11.8

Agents 328

Agents Real Estate Training Buyers 328

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

Loan Officers 436

Loan Officers Clients Law Legal 436

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 375

Buyers Agents Loan Officers Real Estate 375

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 368

Inventory Agents Real Estate Sellers 368

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 293

Real Estate Legal Clients Brokerage 293

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 347

Buyers Contracts Agents Realtors 347

Housing Wire

APRIL 29, 2024

The firm also agreed that will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. “The Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize.

Brokerage 352

Brokerage Agents Legal Realty 352

Housing Wire

OCTOBER 6, 2023

“We believe this is the right course of action to remove future uncertainty and ongoing legal expense, serving the best interests of the company, our affiliated agents and franchisees, and shareholders, and enabling Anywhere to focus on moving real estate to what’s next.”

Buyers 420

Buyers Brokerage Agents Sellers 420

Housing Wire

APRIL 17, 2024

issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues. “Q1 However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. of transactions.

Insurance 425

Insurance Agents Tools Legal 425

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. Legal disputes.

Real Estate 385

Real Estate Legal Tenants Clients 385

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. As of Jan.

Buyers 459

Buyers Contracts Real Estate Agents 459

Housing Wire

SEPTEMBER 7, 2023

While tax planning is a year-round task, real estate agents can take some specific actions before the New Year to significantly cut their taxable income. For instance, you might also work at a coffee shop, co-working space, and meet clients in their homes. This content should not be considered accounting or legal advice.

Real Estate Agent 373

Real Estate Agent Real Estate Agents Business 373

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. “I

Legal 340

Legal Real Estate Real Estate Agent Law 340

Housing Wire

NOVEMBER 20, 2023

Some of these provisions include no longer requiring agents to be members of the National Association of Realtors or following NAR’s Code of Ethics or the MLS Handbook. “We are pleased with the court’s decision to grant preliminary approval of the settlement,” Nick Bailey, the president and CEO of RE/MAX, LLC.,

Legal 368

Legal Real Estate Agents Realtors 368

Inman

MAY 17, 2023

At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can't count on a "standard" commission and will have to negotiate compensation with clients and listing brokers.

Legal 137

Legal Realtors Clients Agents 137

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Motions to dismiss the lawsuit are currently pending.

Real Estate 417

Real Estate Realtors Sellers Agents 417

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

Brokerage 390

Brokerage Real Estate Agents Sellers 390

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. She also agreed that every HomeServices agent in Missouri is a member of the MLS and that the firm advocates for clear cooperation.

Law 403

Law Agents Realtors Contracts 403

Housing Wire

OCTOBER 24, 2023

Goldberg responded that the analogy does not fit because agents are selling services and not a product. Goldberg said the rule needs to be mandatory, because cooperating participants have a right to know how they will be compensated prior to working with clients.

Realtors 399

Realtors Agents Clients Buyers 399

Housing Wire

NOVEMBER 9, 2023

With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal issues NAR is currently facing in the public. NAR’s approach exhibits a lack of emphasis on making real estate agents substantially better at what they do.

Real Estate Agent 365

Real Estate Agent Real Estate Agents Realtors 365

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Revenue decreased by 10% year over year to $1.34 So we have evidence in a major U.S.

Agents 334

Agents Real Estate Agent Realtors Brokerage 334

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. ” What’s at stake?

Buyers 444

Buyers Brokerage Agents Realtors 444

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 410

Sellers Buyers Real Estate Agents 410

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 349

Brokerage Real Estate Agent Real Estate Clients 349

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. 1] As a real estate broker in Illinois, it is not legal for you to work independently. 2] DID YOU KNOW?

Real Estate Agent 369

Real Estate Agent Real Estate Agents Brokerage 369

Housing Wire

NOVEMBER 1, 2023

The real estate industry as agents and brokers know it has been turned upside down. It remains to be seen exactly what the guilty verdict in the Sitzer/Burnett commission lawsuit means for agents and brokers, as the industry waits for Judge Stephen Bough’s injunction. billion in damages. (It It would swell to $5.36

Open Houses 460

Open Houses Brokerage Agents Realtors 460

Housing Wire

MARCH 21, 2024

Based on NAR’s current rules, if a listing agent wants to list a property on a Realtor association-affiliated or -owned MLS, the agent must make a blanket offer of compensation, even if that offer is a as little as $0, to the buyer’s agent. The brokers, agents and appraisers we serve are looking to us for guidance.

Realtors 357

Realtors Agents Real Estate Logistics 357

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 336

Real Estate Brokerage Training Agents 336

Housing Wire

MARCH 11, 2022

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. accessing “password-protected” company computers to steal client data. and 5:30 a.m. and 5:30 a.m.

Real Estate 316

Real Estate Realty Real Estate Agent Legal 316

Housing Wire

NOVEMBER 28, 2023

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. They’re caught in the headlights of change, poring over legal jargon, worrying about commission structures and losing sight of the prize – sales.

Real Estate 289

Real Estate Real Estate Agent Loan Officers Clients 289

Housing Wire

APRIL 24, 2024

Additionally, all agents licensed under these firms are also covered by the proposed settlement. Settlement provisions include no longer requiring agents to be members of the National Association of Realtors , nor must they follow NAR’s Code of Ethics or the MLS Handbook.

Brokerage 274

Brokerage Real Estate Agents Sellers 274

Housing Wire

JULY 21, 2023

.” In a statement, Wu cited the strength of Compass’ technology platform, which allows agents to streamline operations, deliver detailed reporting as well as clean marketing materials. “We have an unwavering commitment to our clients to provide the utmost client service experience,” said Wu.

Brokerage 283

Brokerage Legal Clients Real Estate 283

Housing Wire

OCTOBER 27, 2023

Further, compensation is set between the brokers and their clients and is always negotiable. Real estate agents know city and county property taxes. They use their experience and expertise to negotiate on behalf of their client. And if those same consumers had to go it alone without buyer representation? The list goes on and on.

Real Estate Agent 452

Real Estate Agent Real Estate Realtors Buyers 452