Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. The DOJ believes that by eliminating it, affordability will improve for all.

Sellers 464

Sellers Real Estate Agents Buyers 464

Sacramento Appraisal Blog

JULY 18, 2022

Buyers are gaining power. And sellers are losing it. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […]. I have some new visuals to show what the market is doing right now.

Sellers 469

Sellers Buyers Real Estate Agent Real Estate 469

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. District Court in Las Vegas by Nevada home seller Angela Boykin. The copycat commission lawsuit was filed on Friday in U.S.

Real Estate 411

Real Estate Realtors Realty Brokerage 411

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Buyers are picky and they don’t want to pay a dollar more than they need to,” the report said. According to the brokerage, 6.5% the month prior.

Sellers 506

Sellers Buyers Inventory Real Estate Agent 506

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 419

Buyers Open Houses Sellers Agents 419

Housing Wire

FEBRUARY 21, 2024

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry.

Real Estate 430

Real Estate Real Estate Agent Realty Clients 430

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Please think of me as your go-to resource for all things real estate.

Real Estate 351

Real Estate Open Houses Brokerage Real Estate Agent 351

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. Anywhere is just one of the many defendants in these lawsuits, which also include Keller Williams , RE/MAX , HomeServices of America and the National Association of Realtors.

Real Estate 421

Real Estate Buyers Legal Realtors 421

Housing Wire

JULY 17, 2023

The world of real estate brokerage mergers and acquisitions has been turned on its head in the past 12 months. Buyers and sellers alike must learn to navigate these uncharted waters. It’s safe to say that those stories will fade into real estate lore and could even be considered mythical in a few years.

Real Estate 339

Real Estate Buyers Sellers Brokerage 339

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

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker.

Real Estate Agent 294

Real Estate Agent Real Estate Agents Sellers 294

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan. As of Jan.

Buyers 476

Buyers Contracts Real Estate Agents 476

Sacramento Appraisal Blog

JUNE 6, 2022

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not.

Buyers 450

Buyers Real Estate Sellers Marketing 450

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 381

Real Estate Agent Tools Real Estate Agents 381

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions.

Sellers 399

Sellers Brokerage Real Estate Realtors 399

Housing Wire

SEPTEMBER 19, 2023

You’ve found a house for your buyer or a buyer for the home you’re selling. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. This will help you set a realistic price and manage your sellers’ expectations. Not necessarily.

Real Estate 449

Real Estate Appraisal Agents Inspection 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 411

Real Estate Brokerage Sellers Law 411

Housing Wire

APRIL 16, 2024

Are you tired of your text messages causing more confusion than closings in the real estate world? with real estate night sweats and want to alleviate your stress by banging out a text does not mean the other agent, your buyer prospect, your seller client, or the appraiser wants to share your insomnia.

Real Estate Agent 374

Real Estate Agent Real Estate Agents Business 374

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

Real Estate 437

Real Estate Agents Marketing Sellers 437

Housing Wire

FEBRUARY 23, 2024

Technology is at the core of everyday real estate operations. Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

Real Estate 431

Real Estate Real Estate Agent Training Tools 431

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 472

Real Estate Realtors Realty Real Estate Agent 472

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

Sellers 370

Sellers Real Estate Agent Real Estate Insurance 370

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 411

Agents Buyers Real Estate Agent Loan Officers 411

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 376

Real Estate Agent Real Estate Agents Sellers 376

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.

Sellers 420

Sellers Real Estate Agent Loan Officers Mortgage 420

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

Real Estate Agent 430

Real Estate Agent Real Estate Agents Clients 430

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. If mortgage rates follow, that could bring another surge of buyers later this year.”

Sellers 399

Sellers Buyers Real Estate Inventory 399

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas. 13, 2019, to the present.

Real Estate 409

Real Estate Realtors Realty Buyers 409

Housing Wire

OCTOBER 19, 2023

In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. Starting Jan.

Sellers 432

Sellers Agents Brokerage Real Estate 432

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

Buyers 450

Buyers Real Estate Agent Inventory Real Estate 450

Housing Wire

FEBRUARY 14, 2024

Working in real estate sales for a few years, and now you want to challenge yourself and raise the stakes? You might be ready to take on the luxury real estate market! I’ll show you what it takes to succeed as a luxury real estate agent in any market. Kayla Lee of SERHANT.

Real Estate Agent 396

Real Estate Agent Real Estate Agents Luxury Properties 396

Sacramento Appraisal Blog

SEPTEMBER 9, 2022

Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, […]. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film.

Housing Market 385

Housing Market Sellers Buyers Marketing 385

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Sellers 250

Sellers Housing Market Buyers Marketing 250

Housing Wire

OCTOBER 31, 2023

billion in damages, many questions still remain about what this means for the real estate industry, as the defendants still await Judge Stephen Bough’s final judgment. It is a situation where buyers need to pay their own agents and sellers have to pay their agent separately?” It is implied in RESPA as well,” Trepeta said.

Real Estate 466

Real Estate Landlords Law Design 466

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Clients 389

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 477

Real Estate Agent Real Estate Agents Brokerage 477

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Foster relationships with other real estate professionals, potential clients, and relevant service providers.

Real Estate Agent 376

Real Estate Agent Real Estate Agents Clients 376