Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing. A seller-client permits the property to be foreclosed upon. Confirm that your brokerage documents (e.g.,

Real Estate 324

Real Estate Legal Brokerage Clients 324

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 391

Real Estate Real Estate Agent Tools Agents 391

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. It's not as straightforward as it sounds.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 431

Sellers Buyers Real Estate Contracts 431

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. million real estate licensees in the U.S.,

Law 427

Law Agents Realtors Contracts 427

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

JANUARY 29, 2024

According to the National Association of Realtors® (NAR), 89% of buyers would recommend their real estate agent to others. Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family. Name], thank you so much for choosing me as your real estate agent!

Real Estate 406

Real Estate Clients Real Estate Agent Agents 406

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Overall, Zillow reported $9.6

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

MARCH 20, 2024

Trading volumes in eight residential brokerage or listings companies rocketed up 319% to almost 80 million shares on Friday. NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients.

Investors 430

Investors Agents Real Estate Buyers 430

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. It also plans to reduce costs by not backfilling roles and by getting out of real estate office leases.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

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. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Imagine that.

Agents 400

Agents Buyers Training Law 400

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? While a land contract might be ideal for you, there are important details you need to know, first.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

NOVEMBER 29, 2023

is a go-to for real estate agents aiming to boost their marketing with eye-catching postcards. It offers a multichannel online advertising service that finds and attracts potential leads, leveraging search intent targeting and social information to engage with potential buyers and sellers. ProspectsPLUS!

Real Estate 397

Real Estate Buyers Tools Real Estate Agent 397

Zillow

AUGUST 1, 2019

Buyers and sellers often enter the market with misconceptions about real estate agents - how they work, how the process works and what the agency relationship is all about. Here are five myths (and five truths) about working with both buyer's and seller's agents. Agents get a 6% commission, no matter what.

Real Estate Agent 74

Real Estate Agent Real Estate Agents Sellers 74

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 394

Buyers Agents Loan Officers Real Estate 394

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 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 316

Real Estate Brokerage Buyers Property Management 316

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

APRIL 13, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. “Sellers shouldn’t overprice their homes, even if most homes in their area are selling for higher than their asking price,” she said.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.

Real Estate Agent 407

Real Estate Agent Real Estate Agents Brokerage 407

Listing Spark

SEPTEMBER 1, 2023

Real estate investors operate differently than conventional buyers and sellers, especially to get the 26.9% As you gain experience in the industry, you learn that you might not need the comprehensive support of an in-person real estate agent. What Does a Brokerage Do For Investors?

Investors 36

Investors Brokerage Real Estate Agent Real Estate 36

Housing Wire

SEPTEMBER 23, 2022

As an industry, we keep revisiting the question of, “Will technology replace the agent?” Signs point to “no” — 92% of buyers and sellers chose to work with an agent in 2021. Consumers prefer working with agents to the alternative, but nearly 90% of Americans say they have little to no trust in real estate agents.

Real Estate Agent 363

Real Estate Agent Agents Real Estate Realtors 363

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. With others waiting in line behind her, the seller wouldn’t budge on price. The seller decided to counter back multiple people at $445,000 + no contingencies.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Miller Samuel

JUNE 28, 2020

The days on market (DOM) metric is significant to sellers because they don’t want their home to be perceived as overpriced if it sits unsold too long. Sellers look at DOM too and become concerned when their listing sits too long relative to the competition, typically blaming the agent for not marketing the property enough.

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

DECEMBER 7, 2023

If your priority is landing a job as soon as you pass the exam, Freedom Trail provides access to its Massachusetts real estate job board, enabling you to get hired faster and start your new career. You can also opt-in to Freedom Trail’s broker recruitment program to be contacted directly by local brokerages that are hiring new agents.

Real Estate 370

Real Estate Real Estate Agent Law Brokerage 370

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

FEBRUARY 26, 2024

Real estate marketing isn’t just about posting a few property listings and hoping for the best. The most successful real estate agents aren’t always the ones with the most experience — but rather those who know how to leverage the best real estate marketing companies and digital tools for their success.

Real Estate 392

Real Estate Business Real Estate Agent Marketing 392

Housing Wire

NOVEMBER 30, 2023

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers. Self-paced. 15 of required 75 hrs.

Real Estate 413

Real Estate Realtors Real Estate Agent Law 413

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. To generate real estate leads, SmartZip employs predictive analytics that sifts through consumer data from sources like credit card companies, market data from MLS and other demographic data.

Real Estate 367

Real Estate Real Estate Agent Tools Agents 367

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 440

Real Estate Real Estate Agent Tools Agents 440

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? The problem with many brokerages is that they only teach the “tried and true” methods of getting new business.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Listing Spark

JULY 21, 2023

A popular consideration is getting a real estate license. After all, you can then search for homes on the MLS, negotiate contracts without a real estate agent (or expensive commission), and then list it back on the MLS. While this can help savvy real estate investors, it can also be a costly overstep.

Real Estate 36

Real Estate Real Estate Agent Agents Investors 36

Eppraisal

NOVEMBER 3, 2023

After a Federal jury found the National Association of Realtors and several large brokerages colluding to inflate commissions this week, we thought we'd take a look at a couple of the current technologies that are moving the industry towards a fully automated process for buying and selling.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Contracts 36

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. Earnest money is sometimes referred to as a "good-faith" deposit.

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Eppraisal

JULY 27, 2022

Home sellers have been reaping the rewards as home values have risen over the past couple years. That's not to say that a real estate agent's services aren't important. However, you may be able to negotiate the commission amount the real estate brokerage wants to charge you.

Real Estate Agent 36

Real Estate Agent Real Estate Brokerage Sellers 36

Zillow

FEBRUARY 2, 2018

Fact: Real estate brokers’ commission rates are not regulated in any state and are ALWAYS 100% negotiable. When you decide to sell your house, if you are like most people, you will want to hire - or at least consider hiring - a real estate agent to handle the process.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Buyers 36