Housing Wire

NOVEMBER 1, 2023

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% In other words, the rates seem impervious to market forces, even as the internet has obliterated the historical rates of other intermediaries, like travel agents.

Clients 432

Clients Agents Buyers Sellers 432

Housing Wire

MARCH 27, 2024

Realtors , was founded in 2014 by Jackson and Matt Lesher. The brokerage boasts a team of roughly two dozen licensed agents , as well as support staff members in marketing, management and transaction coordination roles. ” Corcoran Prime, previously known as The Agency Inc. .

Brokerage 422

Brokerage Real Estate Tools Clients 422

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 In addition to Compass’ market share gains, the firm also recorded a 10% annual bump in revenue to $1.05

Agents 420

Agents Brokerage Real Estate Clients 420

Housing Wire

JULY 20, 2023

There have been numerous studies done on client retention over the years, and while the exact figures vary, most suggest that it can be anywhere from five to 25 times more expensive to acquire a new client than to keep an existing one. Set, and stick to, client retention goals. Repeat client business doesn’t happen by accident.

Clients 276

Clients Real Estate Open Houses Agents 276

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 More off-MLS listings? It is really going to go backwards.

Brokerage 421

Brokerage Real Estate Agents Sellers 421

Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

Real Estate 384

Real Estate Brokerage Agents Advertising 384

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 439

Agents Brokerage Training Real Estate 439

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

Realty 432

Realty Realtors Brokerage Real Estate 432

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize. The agreement was granted preliminary approval by a court last week.

Brokerage 430

Brokerage Agents Legal Realty 430

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas. 13, 2019, to the present.

Real Estate 410

Real Estate Realtors Realty Buyers 410

Housing Wire

DECEMBER 12, 2023

In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states.

Realtors 450

Realtors Sellers Buyers Real Estate 450

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Further, compensation is set between the brokers and their clients and is always negotiable. As the trial of Burnett v. The list goes on and on.

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Buyers 466

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 426

Realtors Agents Real Estate Logistics 426

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 431

Realtors Agents Brokerage Contracts 431

Housing Wire

OCTOBER 16, 2023

The National Association of Realtors , Keller Williams , and Berkshire Hathaway are still going to court to fight the allegations. This includes understanding the value they provide, how to articulate this value to clients, and how to use buyer-broker agreements.

Real Estate 411

Real Estate Brokerage Training Agents 411

Housing Wire

MARCH 8, 2024

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. Posnick noted that one client even had the settlement notification postcard on the kitchen table when he and another agent from the firm went to meet with the seller to sign their listing agreement.

Agents 430

Agents Legal Realtors Clients 430

Housing Wire

MAY 1, 2024

Just six months ago, when a Missouri jury found HomeServices of America, Keller Williams and the National Association of Realtors (NAR) liable for colluding to artificially inflate real estate agent commissions , the industry’s path forward was very murky. billion in damages, as well as what the judge’s final ruling would look like.

Realtors 405

Realtors Real Estate Agent Real Estate Brokerage 405

Lamacchia Realty

APRIL 19, 2024

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Along with being extremely motivated, Lynn is energetic, warm, and straight forward with her clients and never misses a detail.

Realty 74

Realty Realtors Training Clients 74

Housing Wire

AUGUST 28, 2023

The top agents were previously at brokerage @properties. “We She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. We’re excited to bring our business to the end-to-end Compass platform and integrate AI-based processes to the benefit of our clients,” Dobbs said.

Real Estate Agent 366

Real Estate Agent Agents Realtors Brokerage 366

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 466

Buyers Open Houses Sellers Agents 466

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. million, respectively. ” What’s at stake?

Buyers 458

Buyers Brokerage Agents Realtors 458

Housing Wire

OCTOBER 3, 2023

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. Agent compensation is set between brokers and their clients and has always been negotiable at any point in the transaction.”

Realtors 330

Realtors Brokerage Agents Real Estate 330

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 473

Buyers Marketing Sellers Loan Officers 473

Inman

MAY 13, 2024

Ready to transform the way you communicate your value to clients? Marketing expert Marci James helps you reshape the agent-client relationship by prioritizing clear communication and exceptional results.

Client Relationships 146

Client Relationships Marketing Clients Agents 146

Lamacchia Realty

MAY 7, 2024

has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Mary Wood is an award-winning REALTOR® based in MetroWest closing 50-60 sales annually.

Realtors 72

Realtors Realty Real Estate Clients 72

Housing Wire

FEBRUARY 1, 2024

Most importantly, your website should be designed with prospective clients in mind, giving them the exact information they need and steps to get in touch. Remember — your prospective clients are glancing through dozens of agents’ websites. Then acknowledge their pain points by showing exactly how you can help them.

Real Estate 450

Real Estate Real Estate Agent Agents Brokerage 450

Housing Wire

DECEMBER 15, 2021

According to its LinkedIn page , Your Castle Real Estate is the largest independent real estate brokerage in the Front Range of Colorado. It will enable our agent team to stay on the leading edge of client service and market intelligence.”. JP & Associates Realtors (JPAR) is a RealTrends 500 brokerage , ranked No.

Brokerage 382

Brokerage Real Estate Real Estate Agent Agents 382

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 374

Agents Brokerage Real Estate Tools 374

Housing Wire

JULY 28, 2021

While addressing all of these issues is important, should we not have more stories and conversations about how brokerages can capture the most important stakeholder of all? Let’s dive into two areas that technology partners and independent brokerages can align to ensure that demand is captured and more at-bats are won. The homebuyer.

Brokerage 545

Brokerage Real Estate Agents Clients 545

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% million after the brokerage paid its commissions and related expenses. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said.

Agents 402

Agents Real Estate Agent Realtors Brokerage 402

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 409

Real Estate Agent Real Estate Agents Clients 409

Housing Wire

OCTOBER 23, 2023

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. The day started with video depositions of four real estate brokerage executives. The defense next called on NAR CEO Bob Goldberg to testify.

Law 431

Law Agents Realtors Contracts 431

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 407

Real Estate Sellers Realtors Brokerage 407

Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In addition to the already publicized $83.5

Agents 408

Agents Brokerage Realtors Real Estate 408

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Bluffton, South Carolina. However, this growth has come at a cost.

Housing Market 409

Housing Market Marketing Real Estate Agent Real Estate 409

Housing Wire

OCTOBER 25, 2023

As Ketchmark began his questioning, he tried to show that the structure of HomeServices as the parent company of so many affiliates and franchises had the effect of enforcing the National Association of Realtors’ commission and Clear Cooperation policies. “Maybe the local company or the MLS does, but we don’t,” Blefari testified.

Sellers 421

Sellers Realtors Agents Buyers 421

Housing Wire

DECEMBER 23, 2020

The impact of COVID on the real estate market is significant and has forever changed the way our industry operates. Agents, teams and brokerages are now seriously reconsidering the technology platform, tools and services needed to effectively do business today.

Real Estate 466

Real Estate Technology Tools Clients 466