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. It also opens the door to additional potential copycat lawsuits being filed in other states.

Brokerage 421

Brokerage Real Estate Training Buyers 421

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. Only 1% of respondents say they are restructuring their compensation model. It ranked No. 9 of twelve possible challenges.

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Real Estate Brokerage Agents Training 431

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). We negotiated to get the sellers the highest price possible. Call or text me with any real estate questions! Great news!

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Real Estate Open Houses Brokerage Real Estate Agent 438

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. We believe that 2023 was the bottom of the downturn and we are constantly prepared for a better 2024,” Reffkin said.

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Agents Brokerage Buyers Training 421

Housing Wire

OCTOBER 18, 2023

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. I do believe training is essential.”

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Agents Training Real Estate Real Estate Agent 432

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. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 410

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?

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Buyers Brokerage Agents Realtors 458

Housing Wire

APRIL 24, 2024

I knew the first thing we needed to do was to combine our training and marketing approach,” he said. But without necessary resources such as a training team, and having only a few marketing professionals, implementation was a challenge. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgage 420

Mortgage Loan Officers Training Business 420

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. Those details are clearly established in the listing agreement between your brokerage and the seller. Read your brokerage ‘s listing agreement.

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Agents Buyers Training Law 410

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 a negotiation with the seller.” However, he said this might not be in the best interest of the seller. I was a successful agent. The value I add, I believe, is worth 6%.

Sellers 421

Sellers Realtors Agents Buyers 421

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.

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Law Agents Realtors Contracts 432

Housing Wire

FEBRUARY 28, 2021

Many real estate professionals discount the seller lead. But real estate seller leads are important because they represent commodities for brokers. By using this data, Buyside helps brokers generate and capture seller leads. Real estate brokers need to be able to target these clients effectively, so they can close deals quickly.

Real Estate 421

Real Estate Brokerage Valuation Clients 421

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. The influential trade group lost a $5.3 billion class-action lawsuit in Missouri known as Sitzer/Burnett in October.

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Real Estate Agent Real Estate Realtors Agents 466

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.

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Real Estate Brokerage Buyers Property Management 324

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%

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Brokerage Real Estate Agents Finance 397

Housing Wire

OCTOBER 23, 2023

During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.” Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

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Legal Training Real Estate Realtors 410

Housing Wire

OCTOBER 17, 2023

In agent training videos, Blefari said he pre-writes a 6% commission into all his listing agreements and that he only negotiates commissions if they go up. “I NAR does, however, note that it sellers are able to negotiate the commission rate with their agent, and agents are able to negotiate with one another.

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Sellers Agents Buyers Realtors 410

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.

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Realty Brokerage Realtors Training 65

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.

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Retail Mortgage Real Estate Agent Business 431

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.

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Brokerage Realty Realtors Training 66

Housing Wire

FEBRUARY 14, 2022

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools.

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Business Brokerage Real Estate Agent Agents 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.

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Brokerage Agents Real Estate Insurance 370

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.

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Buyers Marketing Sellers Loan Officers 473

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

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Real Estate Sellers Technology Real Estate Agent 450

Housing Wire

JANUARY 26, 2024

Lamacchia also stressed that it is impossible to claim that the system is rigged because sellers can choose how much compensation they offer the buyers’ broker, or whether they even want to offer cooperative compensation. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to.

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Realtors Law Agents Real Estate 441

Housing Wire

OCTOBER 20, 2020

Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. Knock Home Swap is offered by more than 30 brokerage firms and more than 24,000 agents, the company said. Presented by: Total Expert.

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Marketing Realty Agents Training 450

Housing Wire

AUGUST 20, 2020

The most exciting part of our partnership with Knock is the ability for agents to make non-contingent offers in this incredibly aggressive seller’s market,” Jack Hawthorne, team leader at Keller Williams Heritage said in a statement.

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Real Estate Training Realty Brokerage 421

Housing Wire

APRIL 29, 2022

The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predominantly white neighborhoods at a “substantially greater rate than it does in communities of color.”

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Real Estate Agents Brokerage Advertising 384

Housing Wire

OCTOBER 13, 2023

Share your insights about it on your stories or your statuses, offer tips for buyers and sellers and showcase your expertise. Right now, I’m on the train of sending one email a week to prospective clients. If you’re with a brokerage, ask them what mentorship opportunities they have available. But, it’s just not that easy.

Real Estate Agent 479

Real Estate Agent Real Estate Agents Marketing 479

Housing Wire

MARCH 21, 2024

This is from 2009 — I opened up a high-tech real estate brokerage with actual agents, working through transactions day in day out and really understanding what processes look like. It became one of the fastest-growing brokerages at the time in Canada, and then I sold that in 2014, and moved to the U.S. But it truly is day zero.

Real Estate 450

Real Estate Technology Agents Brokerage 450

Lamacchia Realty

JANUARY 12, 2024

Lamacchia provides industry-leading training , support , systems , and technology to its agents so they can reach their fullest potential and best serve their clients. An Independent brokerage is a non-national franchise that is privately held. The company’s success is driven by agent success. *Per

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Realty Marketing Realtors Training 69

Lamacchia Realty

APRIL 19, 2024

Needless to say, Lynn is highly experienced in her craft of working with buyers and sellers, and successfully helping them achieve their goals! With their exceptional training at her disposal, she’s eager to dive in and utilize everything available to elevate her client offerings even more. “I

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Realty Realtors Training Clients 74

Housing Wire

DECEMBER 7, 2023

You can also opt-in to Freedom Trail’s broker recruitment program to be contacted directly by local brokerages that are hiring new agents. 6 months course access Ridgeline: All features of Base + Livestream option and Forms Training 101. 25 hrs livestream access. 40 hrs livestream access. 60 hrs livestream access.

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Real Estate Real Estate Agent Law Brokerage 409

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 421

Real Estate Agent Real Estate Agents Brokerage 421

Lamacchia Realty

JANUARY 12, 2024

Lamacchia Realty’s Leominster office is the number one office overall by both sales volume and closed transactions in the city of Leominster as well as the number one brokerage by both sales volume and closed transactions. Last year, Lamacchia Realty was the number one brokerage overall in Leominster by closed transactions for 2022.

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Realty Brokerage Realtors Training 60

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” It is trained on text data and learns to identify patterns from that data to generate human-like text responses. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.

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Real Estate Agent Real Estate Agents Tools 370

Housing Wire

JUNE 16, 2022

The Prestwick Mortgage Group , an Alexandria, Virginia-based MSR advisory and brokerage firm, served as the exclusive broker for a $618 million package of Fannie Mae and Freddie MAC MSRs that was put out to bid earlier this month. No information was provided on the seller other than it is an “independent mortgage banker.”.

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Mortgage Sellers Training Brokerage 370