Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. You work hard to serve clients and grow your business. You market your brand and business online.

Brokerage 402

Brokerage Real Estate Agents Sellers 402

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We This is the second title-affiliated business agreement eXp has announced in the past year.

Business 318

Business Realty Brokerage Real Estate 318

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 367

Buyers Contracts Agents Realtors 367

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 369

Brokerage Technology Agents Training 369

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 366

Brokerage Real Estate Agents Sellers 366

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Splitero’s business model allows homeowners to tap into up to $500,000 in upfront cash payments without income and credit score requirements or monthly payments.

Brokerage 369

Brokerage Real Estate Investing Sellers 369

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 347

Brokerage Mortgage Training Lending 347

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

Brokerage 431

Brokerage Agents Realtors Real Estate 431

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. “We

Buyers 468

Buyers Contracts Real Estate Agents 468

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 386

Real Estate Sellers Real Estate Agent Tools 386

Housing Wire

SEPTEMBER 18, 2023

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 addition, RE/MAX agreed to make certain changes to its business practices.” By the terms of the Settlement, RE/MAX agreed to pay a total settlement amount of $55.0

Buyers 483

Buyers Realtors Agents Real Estate 483

Housing Wire

MARCH 18, 2024

Honing new skills With the settlement agreement including terms like a mandatory buyer agency agreement and a ban on displaying offers of cooperative compensation via listings on the MLS, it is understandable that some agents would like more guidance from NAR on what these terms will look like in practice. “It More off-MLS listings?

Brokerage 403

Brokerage Real Estate Agents Sellers 403

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. The filing did not detail whether the firm agreed to any business practice changes as part of the settlement agreement. brokerage that has saved consumers more than $1.5 As the only U.S.

Brokerage 425

Brokerage Realty Real Estate Agents 425

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C., economy.”

Buyers 370

Buyers Clients Sellers Realtors 370

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The jury verdict came to $1.76 billion in damages.

Brokerage 443

Brokerage Agents Real Estate Buyers 443

Housing Wire

MARCH 21, 2024

Redfin is expanding an agent compensation plan it launched last year by adding seven new markets starting in May, the national real estate brokerage announced Thursday. No other brokerage can offer agents a big traditional split and all the benefits, support, technology and customer introductions that we provide here at Redfin.

Agents 385

Agents Marketing Brokerage Real Estate 385

Housing Wire

MAY 7, 2024

The brokerage posted revenue of $225.5 Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago. Each of our business segments performed at the top of the range we set last quarter, or above that range. Our brokerage sales initiatives are working,” Kelman said in a statement.

Marketing 346

Marketing Brokerage Advertising Agents 346

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 383

Real Estate Buyers Tools Real Estate Agent 383

Housing Wire

APRIL 24, 2024

Another brokerage has decided to settle the commission lawsuits. Chicago-based At World Properties , which own @properties and Christie’s International Real Estate , has agreed to settle the nationwide class-action antitrust claims brought by home sellers.

Brokerage 285

Brokerage Real Estate Agents Sellers 285

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 464

Buyers Marketing Sellers Loan Officers 464

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” “ . “

Sellers 401

Sellers Realtors Real Estate Agent Real Estate 401

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 386

Buyers Agents Loan Officers Real Estate 386

Housing Wire

JANUARY 16, 2024

According to the amended complaint, the firm does “substantial business” the Northern District of California. Twin Oaks is headquartered in Solano County and has roughly 100 agents, while Windermere is headquartered in Seattle and has over 6,500 agents. 8, 2019, and the present. 8, 2019, and the present.

Brokerage 376

Brokerage Realtors Realty Real Estate 376

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Sellers must be prepared for complete transparency and to provide the innermost details of their company.

Real Estate 353

Real Estate Brokerage Valuation Contracts 353

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We There is an agreement but what about approval?

Agents 436

Agents Brokerage Advertising Real Estate 436

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 405

Real Estate Brokerage Sellers Law 405

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area.

Real Estate 357

Real Estate Open Houses Brokerage Real Estate Agent 357

Housing Wire

SEPTEMBER 30, 2020

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The Rand family will continue managing the new firm, which also has a commercial arm and a title services business.

Realty 404

Realty Brokerage Real Estate Sellers 404

Housing Wire

FEBRUARY 28, 2024

Independent brokerage Howard Hanna Real Estate Services has partnered with Zillow ’s ShowingTime+ to allow agents in the Cleveland and Pittsburgh areas to leverage the Listing Showcase tool. Listing Showcase also allows agents to customize their listings to their liking to help attract more interest from buyers.

Tools 360

Tools Agents Real Estate Brokerage 360

Housing Wire

DECEMBER 1, 2023

Originally filed in early November, the commission lawsuit known as the March suit , after its lead plaintiff, takes aim at a REBNY Listing Service rule called the Buyer Broker Commission Rule, which states that the brokers “shall each be paid an equal share of the commission as specified in the Exclusive Listing.”

Real Estate Agent 369

Real Estate Agent Real Estate Agents Brokerage 369

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Its agents also offer buyer broker compensation.

Real Estate 410

Real Estate Sellers Realtors Real Estate Agent 410

Housing Wire

MAY 2, 2024

Real estate brokerage William Raveis has returned to the acquisitions business. Our business model is unique. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. The financial terms of the deal were not disclosed. We look forward to our partnership with Carson Realty (CR).

Realty 297

Realty Insurance Brokerage Agents 297

Housing Wire

MARCH 25, 2024

They noted that NAR’s settlement prohibits disclosing offers of cooperative compensation, broker compensation or total broker compensation, but it does not address including remarks noting that buyer agent compensation will not be offered. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 402

Agents Advertising Real Estate Buyers 402

Housing Wire

JULY 29, 2021

In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between a 100% model and a traditional brokerage.

Brokerage 370

Brokerage Real Estate Technology Agents 370

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans. With a two-year-old, I couldn’t meet the quota,” she said.

Business 368

Business Brokerage Real Estate Agent Agents 368

Housing Wire

MARCH 20, 2024

Trading volumes in eight residential brokerage or listings companies rocketed up 319% to almost 80 million shares on Friday. The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Of these eight companies, CoStar and Zillow are by far the largest by market capitalization.

Investors 410

Investors Agents Real Estate Buyers 410

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. “In

Realtors 435

Realtors Sellers Buyers Real Estate 435