Housing Wire

OCTOBER 23, 2024

How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. Do this before the appointment, and refer to our list of questions to get specifics. If the seller asks you for your business card, you’ll want to have one handy. Business cards.

Agents 416

Agents Real Estate Sellers Real Estate Agent 416

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. The rules explicitly forbid negotiations over the buyer broker’s compensation by either the buyer or the paying seller,” the complaint states.

Real Estate 460

Real Estate Real Estate Agent Sellers Realty 460

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

Realtors 441

Realtors Brokerage Agents Buyers 441

Housing Wire

JULY 30, 2024

But the buyer may not be represented yet and then the listing agent can earn a referral fee by referring the buyer to another agent in their brokerage to earn an additional commission. What is the most important sign home buyers and sellers looking for an agent use as a signal that a real estate agent is a trusted expert?

Agents 453

Agents Real Estate Agent Real Estate Buyers 453

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 429

Real Estate Sellers Realtors Real Estate Agent 429

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 402

Real Estate Valuation Brokerage Property Management 402

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

JULY 20, 2023

Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. Instead, focus on scheduling an appointment.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Filed in late 2023 in the U.S.

Realty 430

Realty Real Estate Law Brokerage 430

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. Despite not requiring NAR membership, Frazier said the brokerage does require agents to follow the NAR Code of Ethics. They were not set commissions,” Wilson said.

Law 417

Law Brokerage Agents Buyers 417

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Brokerage 370

Brokerage Real Estate Lending Clients 370

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. Gorman’s comments confuse me.”. Justice Department antitrust inquiry into NAR. Filed with the court on Nov.

Brokerage 403

Brokerage Real Estate Agents Real Estate Agent 403

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 331

Real Estate Brokerage Property Management Buyers 331

Housing Wire

APRIL 13, 2021

But, ironically, the emerging NAR-Zillow proxy battle comes three months after Zillow announced it is an NAR-member real estate brokerage. ShowingTime has about all the market after they bought Centralized Showing Service,” Fisher said, a reference to ShowingTime’s 2019 acquisition. Real estate agents and LOs: the great collaboration.

Real Estate Agent 417

Real Estate Agent Real Estate Brokerage Realtors 417

Housing Wire

JULY 10, 2024

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do.

Sellers 417

Sellers Real Estate Agents Clients 417

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 451

Real Estate Open Houses Agents Sellers 451

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. 74% of sellers say they would use that same agent again, or recommend them to others. It’s not a commission, it’s a brokerage.

Clients 284

Clients Real Estate Open Houses Agents 284

Housing Wire

OCTOBER 17, 2023

Plaintiffs allege collusion In their trial brief, the plaintiffs in the suit allege that NAR’s Participation Rule , which they refer to as the Mandatory Offer of Compensation Rule , is “a market-shaping and distorting rule” that stifles innovation and competition.

Sellers 417

Sellers Agents Buyers Realtors 417

Housing Wire

MARCH 21, 2024

The H4P factor HECM for Purchase is a largely underutilized variation of the HECM product, but after the FHA announced a seller credit for the program late last year — to the delight of many reverse mortgage professionals — LOs in different areas of the country are keeping an eye on it as a path toward growth.

Retail 441

Retail Mortgage Real Estate Agent Business 441

Housing Wire

JUNE 26, 2024

My wife and I have worked with the same real estate agent to buy and sell several homes, and we’ve referred her to help more than a dozen friends with their home transactions. One of those costs, surely, is never again doing business with the other broker, agent, buyer, or seller.

Real Estate 295

Real Estate Legal Law Agents 295

Housing Wire

APRIL 3, 2024

Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4% Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents.

Real Estate 467

Real Estate Agents Buyers Business 467

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to. Don’t require the seller to pay for it,” Ketchmark said.

Realtors 451

Realtors Law Agents Real Estate 451

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

Realtors 370

Realtors Real Estate Sellers Buyers 370

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

Lamacchia Realty

OCTOBER 21, 2024

Lamacchia Realty Officially Celebrates Springfield Grand Opening After joining forces with legacy brokerage Sears Real Estate, opening the Springfield branch office, and entering the Springfield market in April 2024 , Lamacchia Realty was thrilled to celebrate the official grand opening ribbon-cutting ceremony on Saturday, October 19th, 2024!

Realty 62

Realty Real Estate Realtors Brokerage 62

Housing Wire

SEPTEMBER 25, 2024

You’ll never want to negotiate a tough deal, ask a seller to reduce their price, call a FSBO or tell a buyer they lost a deal. We have coaching clients with lots of pending sales where they found the buyer for a would-be seller and put the deal together 100% through matchmaking with people in their database. This is how you learn.

Real Estate Agent 430

Real Estate Agent Real Estate Agents Clients 430

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. Over the last few quarters, we’ve begun collaborating with sellers to roll out our HEI product to their clients,” according to a year-end 2023 Redwood Trust shareholder letter. “To

Finance 451

Finance Investing Real Estate Agent Real Estate 451

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. In particular, it refers to the situation where there is a common understanding in the formation of the contract. It's not as straightforward as it sounds.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

OCTOBER 1, 2024

. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.” ” 12 U.S.C.

Agents 417

Agents Real Estate Real Estate Agent Brokerage 417

Housing Wire

AUGUST 24, 2024

and even better, target both buyers and sellers with boosted posts and paid ads. Some real estate agent Facebook pages showcase luxury homes or a style of home — while other agents choose to showcase their family, lifestyle, accolades, team members, market, brokerage brand, reputation or personality.

Real Estate Agent 441

Real Estate Agent Real Estate Agents Advertising 441

Lamacchia Realty

MARCH 1, 2024

Being a part of LeadingRE® has allowed our department to elevate its level of service to our buyers and sellers, no matter the location!” Lamacchia Realty became a member of Leading Real Estate Companies of the World in 2016, marking the beginning of the company’s intensive focus and dedication towards relocation.

Realty 62

Realty Real Estate Real Estate Agent Clients 62

Housing Wire

FEBRUARY 8, 2024

It is often the first point of contact between you and potential clients, or it’s how clients confirm if you’re the right fit after you’ve been referred to them. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City.

Real Estate Agent 417

Real Estate Agent Real Estate Agents Clients 417

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. This is [name] with [brokerage]. One of my favorite seller clients was a FSBO who I became friends with.

Real Estate 417

Real Estate Business Agents Sellers 417

Hank Miller Team

NOVEMBER 16, 2022

They are of course expected to exercise reasonable skill and care in performing their duties under the Brokerage Relationship in Real Estate Transaction Act (BRETTA) as well as other duties agreed upon and set forth in the brokerage engagement. It’s incumbent upon both buyers and sellers to do their part as well.

Real Estate Agent 52

Real Estate Agent Real Estate Agents Clients 52

Housing Wire

JANUARY 19, 2021

With Indy Bob, homebuyers and sellers have a direct connection with a highly-skilled expert who cares deeply about delivering results. When I refer to the mega-agent, I’m talking about the famous real estate agent on the billboards all over town, the radio waves and probably TV. Not in a million years. The mega-agent.

Real Estate Agent 460

Real Estate Agent Real Estate Agents Clients 460

McKissock

AUGUST 31, 2021

This will allow you to refer leads to a licensed agent as needed while you wait to have your license reinstated. Determine which brokerage to join. You may already have a former brokerage that you want to rejoin when your license is renewed. Create marketing platforms and materials.

Real Estate 79

Real Estate Brokerage Training Clients 79