Housing Wire

MARCH 13, 2024

Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. Similarly, data-driven marketing can be more cost effective, helping you focus your marketing budget on homeowners who are most likely to sell, and on buyers who are actively looking for their next home. Need more examples?

Real Estate Agent 389

Real Estate Agent Tools Real Estate Agents 389

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. Drive leads to home valuation landing pages It’s the 21st century.

Real Estate 398

Real Estate Sellers Real Estate Agent Tools 398

Housing Wire

APRIL 23, 2024

Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing education (CE) and licensing renewal. Maintaining your real estate license means taking continuing education courses to fulfill your state licensing board’s requirements, and doing so before your license expires.

Real Estate 417

Real Estate Agents Best Value Design 417

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 420

Agents Buyers Real Estate Agent Loan Officers 420

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.

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Buyers Agents Mortgage Real Estate Agent 504

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 385

Real Estate Real Estate Agent Tools Agents 385

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.

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Buyers Contracts Agents Realtors 382

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. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.

Real Estate 318

Real Estate Legal Brokerage Clients 318

Housing Wire

OCTOBER 23, 2023

Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract. Clean data vs. dirty data So what data should be clean?

Real Estate 367

Real Estate Brokerage Valuation Contracts 367

Housing Wire

JANUARY 29, 2024

That’s where real estate testimonials come into play. According to the National Association of Realtors® (NAR), 89% of buyers would recommend their real estate agent to others. We recommend creating a space on your website and showcasing your best real estate client testimonials there.

Real Estate 405

Real Estate Clients Real Estate Agent Agents 405

Housing Wire

OCTOBER 11, 2023

In a 75-page report, the analysts broke down the structural impacts that a change to the NAR’s Clear Cooperation rules would have for agents, brokerages, mortgage companies, real estate portals and — most importantly — consumers. Relatedly, the commission rates could decline by 200 bps or more. But the most frightening — or exciting?

Real Estate Agent 478

Real Estate Agent Real Estate Agents Brokerage 478

Housing Wire

AUGUST 14, 2023

When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The stakes in real estate are higher, and the cost of making a mistake is substantial.

Real Estate 354

Real Estate Real Estate Agent Marketing Technology 354

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same.

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Clients Buyers Real Estate Agent Real Estate 400

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. When you buy through our links, we may earn a commission. out of 5.

Real Estate 410

Real Estate Realtors Real Estate Agent Law 410

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. There are many things that take place once you go under contract on a home.

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Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

DECEMBER 7, 2023

Many Massachusetts real estate schools offer online courses. After completing an approved course of study, you’ll be able to sit the state real estate exam. Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.

Real Estate 364

Real Estate Real Estate Agent Law Brokerage 364

Real Estate News

FEBRUARY 2, 2024

The new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.

Buyers 298

Buyers Contracts 298

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. The median U.S.

Buyers 414

Buyers Mortgage New Listings Real Estate Agent 414

Housing Wire

NOVEMBER 13, 2020

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. Want to make sure you’re getting the best real estate agent possible for your home purchase? More for Real Estate Enthusiasts.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. What Are Real Estate Sales Agreements? Should the buyer breach the contract (e.g.,

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 397

Real Estate Real Estate Agent Brokerage Agents 397

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 399

Real Estate Agent Real Estate Agents Brokerage 399

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” million real estate license holders, many handle only one or two transactions a year. Of the approximately 1.5

Agents 372

Agents Real Estate Contracts Real Estate Agent 372

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs.

Buyers 392

Buyers Agents Loan Officers Real Estate 392

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Anthony Djon, CEO of Anthony Djon Luxury Real Estate , said his company gets 90% of its leads from listing portals Zillow and Realtor.com.

Brokerage 367

Brokerage Real Estate Realtors Real Estate Agent 367

Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. And about 70% of the people he works with are getting pools installed, specifically buyers with older kids. The post Two home offices?

Real Estate Agent 479

Real Estate Agent Real Estate Agents Buyers 479

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” Homebuyers have traditionally been the byproduct of our referral partners, such as real estate agents and homebuilders,” Earnest said. “We The primary focus is on borrowers who may be credit-challenged.

Buyers 479

Buyers Mortgage Real Estate Agent Contracts 479

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. The big question is: how long will the market contraction last and when should we expect things to heat back up? Home buyers got spooked when mortgage rates passed 5.5%. At this point, buyers actually perked up a bit and got more active.

Real Estate 322

Real Estate Marketing Inventory Sellers 322

Housing Wire

APRIL 4, 2024

The complaint states that Jutla is bringing the action against Redfin “for unlawfully agreeing and conspiring to enact and enforce anticompetitive restrictions on Realtors contracting behavior, causing the Plaintiff to pay inflated buyer’s agent commissions on the sale of her home, as well as tandem purchase of a home in California.”

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Realtors Agents Sellers Real Estate 361

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

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Housing Market Buyers Marketing Real Estate Agent 534

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. I plan to develop one someday.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

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

MARCH 29, 2024

In its proposed brief, CMLS writes that in its statement of interest, the DOJ is looking for “an injunction that prohibits offers of buyer broker compensation by MLS PIN participants.” Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 427

Sellers Real Estate Buyers Contracts 427

Housing Wire

JUNE 23, 2022

Austin-based mortgage tech platform UpEquity laid off around 10% of its workforce last week, proof that the rising interest rate landscape hurts real estate technology companies, too. . UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes.

Buyers 363

Buyers Investors Technology Training 363

Housing Wire

APRIL 15, 2024

Additionally, 18 of the respondents identified as team leaders, 112 identified as real estate sales associates or broker associates, and 15 identified their position as other, with the most common response being broker-owner of their firm. Most buyers here cannot pay realtor commissions because they are VA (Veterans Affairs borrowers).”

Inventory 399

Inventory Agents Real Estate Sellers 399

Sacramento Appraisal Blog

SEPTEMBER 21, 2021

Are buyers finally gaining more power? The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe).

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Buyers Housing Market Marketing Contracts 401

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

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Sellers Buyers Real Estate Contracts 431