Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. Such extraordinary action would be inappropriate.” Its final approval hearing is slated for Nov. 26, 2024. “We

Brokerage 381

Brokerage Realty Sellers Real Estate 381

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 371

Brokerage Technology Agents Training 371

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. Your home sellers and buyers research you online.

Brokerage 403

Brokerage Real Estate Agents Sellers 403

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 498

Buyers Agents Mortgage Real Estate Agent 498

Inman

MAY 16, 2024

Unique, engaging and highly specific content can make you a trusted resource for buyers and sellers locally and regionally, Chicago broker David Marden writes.

Clients 158

Clients Brokerage Sellers Buyers 158

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Clients must retain a stake of at least 20% in their homes. Hence, Splitero Homes will primarily serve sellers of homes that are already clients of Splitero Funding , the home equity investment business.

Brokerage 371

Brokerage Real Estate Investing Sellers 371

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

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 349

Brokerage Mortgage Training Lending 349

Housing Wire

AUGUST 28, 2020

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads.

Brokerage 534

Brokerage Real Estate Agent Agents Real Estate 534

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 471

Real Estate Buyers Agents Sellers 471

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

Brokerage 369

Brokerage Real Estate Realty Real Estate Agent 369

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

Buyers 408

Buyers Agents Real Estate Agent Clients 408

Housing Wire

JANUARY 29, 2024

Imagine if you could bottle the enthusiasm your clients have for working with you and use it to capture new business in 2024. In this article, we’ll show how to procure top-notch client testimonials, where and how to share them, and how to leverage them to bolster your reputation and close more deals in 2024.

Real Estate 397

Real Estate Clients Real Estate Agent Agents 397

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.,

Buyers 370

Buyers Clients Sellers Realtors 370

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. Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life. Of course, you can’t do everything — but consistency is important.

Real Estate 384

Real Estate Buyers Tools Real Estate Agent 384

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. More off-MLS listings?

Brokerage 404

Brokerage Real Estate Agents Sellers 404

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 449

Buyers Brokerage Agents Realtors 449

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Brokerage 393

Brokerage Real Estate Lending Mortgage 393

Housing Wire

MAY 14, 2024

We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. Even after navigating the climate of higher mortgage rates and a dearth of available listings, 82% of recent buyers had regrets about their purchase, Clever reported.

Real Estate Agent 456

Real Estate Agent Agents Real Estate Buyers 456

Housing Wire

MAY 2, 2024

Luxury brokerage Engel & Volkers Atlanta is expanding its footprint in the Georgia capital through the acquisition of AtHome & Co., will allow us to further our reach and deliver the highest quality service to more buyers and sellers.” the company announced on Wednesday. The addition of AtHome & Co.

Brokerage 340

Brokerage Real Estate Sellers Clients 340

Housing Wire

MARCH 13, 2024

The product will be available across its brokerage operations in Las Vegas. Luxury Realty Group’s clients will be able to interact orally with an avatar, listing the criteria of their home of choice, with the platform subsequently generating tailored listings to match these preferences.

Realty 414

Realty Brokerage Real Estate Clients 414

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

Housing Wire

SEPTEMBER 28, 2020

based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. Urban District Realty , a Washington, D.C.-based

Brokerage 544

Brokerage Real Estate Agent Realty Real Estate 544

Housing Wire

MARCH 12, 2024

A little over a month after formally relaunching homebuyer refunds under its Sign & Save program, Redfin announced that Sign & Save is now available to clients nationwide. The buyer will receive the refund at closing. In July 2022, Redfin moved to eliminate the commission refund it offered to buyers in 22 markets.

Real Estate 360

Real Estate Brokerage Agents Clients 360

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana.

Real Estate 412

Real Estate Brokerage Agents Technology 412

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 387

Buyers Agents Loan Officers Real Estate 387

Housing Wire

APRIL 22, 2024

In turn, this will allow agents to provide even more value to their clients. Additionally, Florance believes this model will succeed because it focuses on selling homes and building brands for both agents and brokerage firms. The lead diversion model has genericized real estate brokerages,” Florance said. Brands matter.”

Real Estate 331

Real Estate Brokerage Agents Real Estate Agent 331

Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 407

Real Estate Realtors Realty Brokerage 407

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models. million.

Agents 423

Agents Brokerage Training Business 423

Housing Wire

MAY 3, 2024

The product is marketed toward real estate agents to help them build trust and credibility with their clients, a joint news release states. “In It can also help agents clearly communicate their unique value and services to homebuyers and other clients.

Real Estate Agent 393

Real Estate Agent Real Estate Clients Agents 393

Housing Wire

MAY 8, 2024

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 361

Agents Brokerage Real Estate Clients 361

Housing Wire

APRIL 24, 2024

Another brokerage has decided to settle the commission lawsuits. The firm is not disclosing the dollar amount it is paying as part of the settlement agreement, but it noted that the terms are similar to those previously negotiated by Anywhere , RE/MAX , Keller Williams , Compass and The Real Brokerage.

Brokerage 286

Brokerage Real Estate Agents Sellers 286

Inman

MARCH 1, 2024

The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.

Buyers 148

Buyers Clients Brokerage Agents 148

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. There are still plenty of buyers interested in this area. Great news! Your neighborhood is hot!

Real Estate 360

Real Estate Open Houses Brokerage Real Estate Agent 360

Housing Wire

MAY 16, 2024

Property documents offer real estate agents and their clients crucial insights; however, they are often long, full of legalese, and poorly formatted, making them extremely tedious to review and understand,” James Rogers, co-founder and CEO of RealReports, said in a statement.

Real Estate Agent 343

Real Estate Agent Real Estate Brokerage Sellers 343

Inman

FEBRUARY 21, 2024

If you're rethinking your buyer consultation process and implementing a buyer representation agreement, team leader Carl Medford shares what you need to know to explain the change to your clients.

Buyers 172

Buyers Clients Brokerage Agents 172

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 Citrus Closing Group serves clients in the Florida counties of Lake Seminole, Osceola, Orange, and Brevard.

Business 320

Business Realty Brokerage Real Estate 320