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RE/MAX settles buyer broker commission lawsuits for $55 million

Housing Wire

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. In the SEC filing, RE/MAX stated that the settlement was not an admission of liability. .” In fact, the U.S.

Buyers 483
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new.

Agents 431
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Industry reacts to Redfin-NAR split: ‘It’s a crack in the wall’

Housing Wire

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. model of local MLS broker marketplaces has long been — and still is — considered the best value in the world.

Realtors 326
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17 Realtors® Go Back in Time: First Year Real Estate Advice

Raleigh Realty

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Jane Doe is an industry-leading Realtor with a talent for selling unique properties.” At the same time, he is approachable, adaptable, unassuming, and self-aware.

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Best real estate apps for agents in 2024

Housing Wire

Think of it as another concierge service to offer your buyers to help you stand out. The Houzz app is an excellent tool to add to your suite of buyer services, helping you stand apart as a professional home consultant–not just an agent.