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 387

Brokerage Real Estate Agents Sellers 387

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 420

Agents Brokerage Training Business 420

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. Thankfully, 2024 is shaping up to be a much better year for recruiters.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Brokerage 370

Housing Wire

JANUARY 4, 2024

Treble damages could result in the NAR and brokerages paying roughly $5.36 Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. The defendants have been ordered to pay damages of $1.78 ” “Transparency in commission structure.”

Brokerage 365

Brokerage Real Estate Training Buyers 365

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 453

Real Estate Agent Agents Real Estate Buyers 453

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 332

Real Estate Brokerage Training Agents 332

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. The participants in the process are generally less emotional and far better trained or educated in the process than many of their counterparts (e.g. buyers and sellers) in a residential deal.

Brokerage 361

Brokerage Real Estate Investors Development 361

Real Estate News

DECEMBER 18, 2023

As lawsuits over agent compensation multiply, it’s important for leaders to assess agreements, training and how buyer agency adds value to their business.

Brokerage 201

Brokerage Training Agents Buyers 201

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents. It ranked No.

Real Estate 336

Real Estate Brokerage Agents Training 336

Inman

APRIL 8, 2024

As brokerages pivot to specialized training meant to empower buyer agents, new-home sales still provide plenty of opportunities for intrepid Realtors, development specialist Hana Cha writes.

Development 171

Development Training Brokerage Realtors 171

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 463

Buyers Marketing Sellers Loan Officers 463

Inman

OCTOBER 23, 2023

Marketing expert Rachael Hite dives deep into the complex topic of sales training. With all eyes on how agents are trained to ask for their commissions, time may be up on dated sales practices that push past seller objections to get them to sign on the dotted line.

Training 125

Training Sellers Agents Marketing 125

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. This has resulted in buyer agency agreements becoming standard practice for Compass agents.

Agents 327

Agents Brokerage Buyers Training 327

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? In our Tennessee form, that clause boils down to paragraph 3.E.

Agents 368

Agents Buyers Training Law 368

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. We don’t want people unrepresented.”

Law 336

Law Agents Brokerage Buyers 336

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. When you reduce the commission, you reduce the incentive for that agent to bring a buyer to your house.

Agents 407

Agents Training Real Estate Real Estate Agent 407

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 335

Agents Brokerage Real Estate Clients 335

Housing Wire

JULY 24, 2023

Side’s thesis is: teamerages are the future,” Steve Capezza, the president of white-label brokerage Side , said. If a team leaves a big brokerage to become a standalone brokerage, then they are an independent brokerage. But what exactly is a teamerage and what sets it apart from a real estate team?

Brokerage 365

Brokerage Agents Real Estate Training 365

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). There are still plenty of buyers interested in this area. Access to a hyper-local agent is more important now than ever.

Real Estate 334

Real Estate Open Houses Brokerage Real Estate Agent 334

Housing Wire

JANUARY 26, 2024

This exodus left many brokerages scrambling to replace them and upping their recruiting game. From national brokerages to local boutique offices, every single one of these real estate companies will try to convince you they are the best option. Let’s break it down brokerage by brokerage so you can find the one that’s right for you.

Real Estate 376

Real Estate Brokerage Agents Real Estate Agent 376

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

JANUARY 31, 2024

A jury ruled that NAR and various real estate brokerages conspired to stabilize or increase commissions and used the NAR’s cooperative compensation rule as a vehicle to do it. A real estate transaction is not a simple click and purchase, like buyer a plane ticket online,” Wright said. The influential trade group lost a $5.3

Real Estate Agent 410

Real Estate Agent Real Estate Realtors Agents 410

Housing Wire

FEBRUARY 28, 2021

The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs. By providing real estate brokers with real-time buyer data, they’re able to stand out against the competition.

Real Estate 403

Real Estate Brokerage Valuation Clients 403

Housing Wire

APRIL 26, 2024

Summary The Millionaire Real Estate Agent Drive with NAR Real Estate Rockstars Podcast The Tom Ferry Podcast Experience Real Trending by HousingWire Elite Agent Secrets The Listings Lab Podcast with Jess Lenouvel Real Estate Training and Coaching School 5AM Call Keeping it Real The full picture 1. Apple Podcasts Spotify 5.

Real Estate 430

Real Estate Agents Real Estate Agent Training 430

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 401

Real Estate Agent Loan Officers Real Estate Agents 401

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

Law 401

Law Agents Realtors Contracts 401

Housing Wire

MAY 3, 2024

The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.”

Agents 324

Agents Real Estate Training Buyers 324

Housing Wire

NOVEMBER 2, 2023

If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We We run one of the largest brokerage websites in America, as well as a national network of contractors trained and licensed to provide low cost on demand property access.

Agents 386

Agents Technology Housing Market Training 386

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. Quite a few were complimentary of the lobbying work done, classes, training and, yes, MLS access.

Realtors 367

Realtors Agents Real Estate Real Estate Agent 367

Housing Wire

DECEMBER 27, 2021

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages. Now, they’re at 13.5%

Brokerage 341

Brokerage Real Estate Agents Finance 341

Housing Wire

OCTOBER 31, 2023

Davis also discussed the MLS and how the National Association of Realtors’ Clear Cooperation Rule impacts both buyers and sellers during her time on the stand. Like the defendants who testified before her, Davis noted that buyers’ agents help both buyers and sellers, as they help bring qualified buyers to the bargaining table.

Agents 373

Agents Sellers Buyers Law 373

Housing Wire

JANUARY 12, 2024

The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buyers and sellers. Below, we take a deep dive into the best real estate CRM solutions for solo agents, teams and brokerages.

Real Estate 405

Real Estate Real Estate Agent Tools Agents 405

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty is proud to announce their ranking as #1 Brokerage overall in Leominster by closed transactions per MLSPIN Brokerage Market Share Report*. Lamacchia Realty has been serving buyers and sellers since 2006.  The post Lamacchia Realty Ranks #1 Brokerage in Leominster for 2022 appeared first on Lamacchia Realty.

Realty 65

Realty Brokerage Realtors Training 65

Housing Wire

OCTOBER 25, 2023

Ketchmark also questioned Blefari about the training video in which Blefari said, as an agent, his commissions started at 6% and went up. “I It’s in the best interest of the seller to have as many buyers as possible.” The seller’s agent then finds a buyer at their local church and receives a $9,000 commission.

Sellers 386

Sellers Realtors Agents Buyers 386

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. “With today’s rising interest rates, combined with inflation, prospective buyers have seen their buying power reduced greatly,” said Sean Dobson, chief executive officer at Amherst Holdings.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Lamacchia Realty

JANUARY 25, 2022

Lamacchia Realty ranked Number One Independent Brokerage by market share in Leominster , Hudson , and Worcester.* Additionally, Lamacchia Realty was ranked the #1 Real Estate Brokerage overall in Leominster! Lamacchia Realty Ranked #1 Brokerage in Leominster. Lamacchia Realty Ranked #1 Independent Brokerage in Hudson.

Realty 66

Realty Brokerage Realtors Training 66