Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Agents 407

Agents Buyers Real Estate Agent Loan Officers 407

Housing Wire

APRIL 4, 2024

She is also filing the suit as both a home seller and a homebuyer. seller commission when it was after signature of the Seller Agent contract moot because 6% of commission sharpen still occurred.” There is a complete disconnect between our business model and claims that we conspired to maintain inflated commission rates.”

Realtors 348

Realtors Agents Sellers Real Estate 348

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 418

Sellers Real Estate Buyers Contracts 418

Housing Wire

MAY 1, 2024

During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million. Our massive unconverted audience will drive years of growth ahead for Zillow.”

Agents 360

Agents Real Estate Contracts Real Estate Agent 360

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 389

Inventory Agents Real Estate Sellers 389

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. annualized decline in U.S. and Canada to 64,322 agents.

Agents 351

Agents Real Estate Training Buyers 351

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Enhance your brand with custom landing pages designed to convert real estate seller leads.

Advertising 380

Advertising Tools Real Estate Sellers 380

Housing Wire

APRIL 16, 2024

In business, we use proper language and leave the LOLs for after-hours. Use real words to do real business. 1 for texting in business : “OMG, I was ROFL when my BFF told me, TBH, about her date last night. Respect the clock and save business conversations for business hours. This also applies to time zones.

Real Estate Agent 372

Real Estate Agent Real Estate Agents Business 372

Housing Wire

NOVEMBER 2, 2023

The program aims to provide real estate professionals with exposure on the Zillow platform, offering access to a wide range of features, tools and resources to generate leads and grow their businesses. The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients.

Real Estate 373

Real Estate Real Estate Agent Tools Agents 373

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 355

Real Estate Brokerage Valuation Contracts 355

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. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

Realty 380

Realty Real Estate Law Brokerage 380

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 397

Inspection Real Estate Agent Real Estate Insurance 397

Housing Wire

APRIL 24, 2024

While the real estate industry is forever in flux, one constant is that it’s a relationship business. Today, It is an all-in-one platform designed to help real estate agents manage many aspects of their business, including building meaningful relationships to grow repeat and referral business with clients. Wondering how?

Real Estate 362

Real Estate Clients Tools Contracts 362

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 382

Renovations Real Estate Construction Contracts 382

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. Why Contracts Terminate There are many moving parts to a successful real estate transaction, it takes a significant amount of time and effort to make them look boring.

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 314

Law Real Estate Real Property Contracts 314

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. Lenders also typically require a minimum 3.5% of the offer price for a down payment.)

Contracts 55

Contracts Buyers HOA Inspection 55

Housing Wire

MARCH 13, 2024

Automated chatbots can help you field calls, texts, emails and website inquiries to qualify incoming leads and segment buyers and sellers by their areas of interest in your CRM — all before you even pick up your phone to call or text those prospects. Need more examples?

Real Estate Agent 378

Real Estate Agent Tools Real Estate Agents 378

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 464

Buyers Marketing Sellers Loan Officers 464

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

Sellers 364

Sellers Construction Real Estate Finance 364

Housing Wire

MARCH 20, 2024

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. “We do not have long-term contracts with many of our real estate partners,” the materials read. Of these eight companies, CoStar and Zillow are by far the largest by market capitalization.

Investors 412

Investors Agents Real Estate Buyers 412

Housing Wire

APRIL 22, 2024

As a seller I want an opportunity to get as much from this earn out as I can and as a purchaser, if the market declines further, I don’t want the burden of a payment,” Murray said. However, before firms can begin to dive into the financial side of the deal, prospective buyers and sellers must figure out if they are a match.

Brokerage 369

Brokerage Real Estate Agents Sellers 369

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 359

Mortgage Marketing Retail Construction 359

Housing Wire

MAY 4, 2023

Sales and new pending contracts are below pre-pandemic levels. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 Selective sellers. However, there are some categories of sellers that could have an impact in their local market. To register, go here. Who is selling right now?

Housing Market 404

Housing Market Marketing Inventory Buyers 404

Housing Wire

DECEMBER 16, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. However, more buyer and seller equilibrium may revitalize the need for home staging.

Buyers 469

Buyers Realtors Inventory Sellers 469

Housing Wire

FEBRUARY 14, 2024

How do you convince the sellers of $15 million homes to work with you? Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2.

Real Estate Agent 393

Real Estate Agent Real Estate Agents Luxury Properties 393

Housing Wire

JANUARY 29, 2024

Referral business is crucial to your bottom line as an agent. Imagine if you could bottle the enthusiasm your clients have for working with you and use it to capture new business in 2024. Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family.

Real Estate 397

Real Estate Clients Real Estate Agent Agents 397

Housing Wire

AUGUST 3, 2023

“We are managing our business to return to positive adjusted net income, which is our best proxy for operating cash flow. The decline versus the prior year comes primarily from elevated spreads embedded in its offers since June last year, coupled with sellers remaining on the sidelines, Opendoor’s executives told analysts.

Inventory 341

Inventory Contracts Sellers Housing Market 341

Housing Wire

NOVEMBER 7, 2023

More and more, you’ll start to compete for buyer business in a similar way you do for listings now. If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. Be one step ahead of the process once they’re under contract. Overcommunicate.

Clients 389

Clients Buyers Real Estate Agent Real Estate 389

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 364

Buyers Sellers Finance Contracts 364

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Those details are clearly established in the listing agreement between your brokerage and the seller. Imagine that.

Agents 389

Agents Buyers Training Law 389

Housing Wire

JANUARY 3, 2024

Some agents reported not having made any changes to their business due to the lawsuits, while others have. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 359

Agents Realtors Clients Real Estate Agent 359

McKissock

NOVEMBER 2, 2020

Here are six ways technology can hurt—or even ruin—your real estate business. Takeaway: If you aren’t prepared to respond to all the new client inquiries, incoming showing requests, and current client communication, your real estate business will be in serious trouble. Bad photos can hurt your real estate business.

Real Estate 81

Real Estate Technology Business Clients 81

Housing Wire

OCTOBER 12, 2022

While the mortgage business has been profitable of late, the financial fortunes of originators large and small are tied to the inherent cyclicality of the mortgage market leading to natural episodic expansions and contractions. Mortgage origination and servicing is an economy of scale business. trillion in 2021 and the 12.3

Mortgage 376

Mortgage Technology Business Contracts 376

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 424

Inspection Appraisal Buyers Appraisal Process 424

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. in California.

Real Estate 306

Real Estate Brokerage Buyers Property Management 306