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. But what happens if consumers pivot away from buyer agents altogether?

Agents 446

Agents Buyers Real Estate Agent Loan Officers 446

Housing Wire

AUGUST 2, 2021

Real estate agent Alanna Strei’s client wanted to check out “Tesoro Vista Del Sur,” 134 newly built townhouses in the Ocean View Hills area of San Diego. Do you need an agent when you have 10 buyers for every home?” The post Are homebuilders burning bridges with real estate agents?

Real Estate Agent 441

Real Estate Agent Real Estate Agents Realty 441

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. That’s where real estate testimonials come into play. If you find success through Zillow, then that should be your primary focus.

Real Estate 409

Real Estate Clients Real Estate Agent Agents 409

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 417

Buyers Contracts Agents Realtors 417

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 416

Real Estate Agent Real Estate Agents Brokerage 416

Housing Wire

SEPTEMBER 11, 2020

Real estate agent safety has been a concern for years, as the job requires showing empty homes or homes occupied by others, and meeting new people, often alone. As September is Realtor Safety Month, the National Association of Realtors has released its 2020 Member Safety Report. Those fears are not unfounded.

Open Houses 545

Open Houses Realtors Real Estate Agent Agents 545

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 436

Real Estate Realtors Realty Brokerage 436

Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 437

Real Estate Agent Real Estate Realtors Agents 437

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. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules.

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Buyers 466

Housing Wire

MAY 14, 2024

Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. “We More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 259

Real Estate Agent Agents Real Estate Buyers 259

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.”

Real Estate Agent 462

Real Estate Agent Real Estate Realtors Agents 462

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 398

Brokerage Real Estate Realtors Real Estate Agent 398

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.

Realtors 450

Realtors Sellers Buyers Real Estate 450

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 440

Real Estate Real Estate Agent Realtors Buyers 440

Housing Wire

NOVEMBER 9, 2023

In mid-October amidst ongoing controversy, the National Association of Realtors (NAR) announced it has changed its commission rule , also known as its Participation Rule. It now allows listing brokers to offer buyer brokers $0 in compensation when listing a home in any of the 500 Realtor-affiliated MLS s across the U.S.

Real Estate Agent 407

Real Estate Agent Real Estate Agents Realtors 407

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. “In 13, 2019, to the present.

Real Estate 410

Real Estate Realtors Realty Buyers 410

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 382

Brokerage Real Estate Agent Real Estate Clients 382

Housing Wire

MAY 8, 2024

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Third, Compass agents have doubled down on training to help them better communicate their value proposition. Compass has the best value proposition for buyers of any brokerage firm,” Reffkin said.

Agents 406

Agents Brokerage Real Estate Clients 406

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Because of this, the authors believe buyer agents are then able to “command commission above cost.” buyer’s agent compensation structure deviates from its cost basis in two ways.

Agents 419

Agents Legal Real Estate Agent Buyers 419

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

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have.

Agents 404

Agents Realtors Clients Real Estate Agent 404

Eppraisal

NOVEMBER 18, 2022

Not many people know that all real estate agents can not call themselves Realtors® In order for real estate agents to call themselves Realtors® they must belong to the National Association of Realtors® (NAR), their state Realtor® associations and their local Realtor® associations.

Real Estate Agent 69

Real Estate Agent Design Realtors Real Estate 69

Housing Wire

APRIL 26, 2024

Summary The Millionaire Real Estate Agent Drive with NAR Real Estate Rockstars Podcast The Tom Ferry Podcast Experience Real Trending by HousingWire Elite Agent Secrets The Listings Lab Podcast with Jess Lenouvel Real Estate Training and Coaching School 5AM Call Keeping it Real The full picture 1.

Real Estate 465

Real Estate Agents Real Estate Agent Training 465

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. 16 to implement these changes.

Realtors 394

Realtors Real Estate Agent Real Estate Brokerage 394

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. 2 in the U.S.

Real Estate 432

Real Estate Realtors Sellers Agents 432

Housing Wire

MARCH 22, 2024

Generate seller leads using AI Artificial Intelligence (or AI) is changing the way agents work in so many ways, and that includes how we generate seller leads. Data analysis allows real estate agents to focus their marketing efforts (and budget!) Let’s be honest, spending money on lead generation can get expensive.

Real Estate 416

Real Estate Sellers Real Estate Agent Tools 416

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. This, however, doesn’t stop VA buyers from submitting an offer on the home. “We

Clients 397

Clients Agents Buyers Sellers 397

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. What is NAR?

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

FEBRUARY 1, 2024

Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography. Remember — your prospective clients are glancing through dozens of agents’ websites.

Real Estate 449

Real Estate Real Estate Agent Agents Brokerage 449

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 420

Real Estate Brokerage Sellers Law 420

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. That means it’s often the real estate agent’s job to ease their minds and lighten the situation. Here’s how to handle emotional buyers like the pro that you are. Know Their Problems — and Solve Them.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

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 395

Real Estate Sellers Realtors Brokerage 395

Housing Wire

JANUARY 29, 2024

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. As a listing agent , I pay for both a staging consultation and staging items as needed.

Realtors 432

Realtors Buyers Agents Decorating 432

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. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. Lisa is super on the pulse.

Agents 427

Agents Legal Realtors Clients 427