Housing Wire

JANUARY 4, 2024

Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. The defendants have been ordered to pay damages of $1.78

Brokerage 390

Brokerage Real Estate Training Buyers 390

Housing Wire

MAY 3, 2024

The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.”

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Agents Real Estate Training Buyers 351

Housing Wire

FEBRUARY 23, 2024

Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. The importance of cybersecurity training An informed and vigilant team is key to combating cyber threats effectively. Michael Lucarelli is the CEO and co-founder of RentSpree.

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Real Estate Real Estate Agent Training Tools 425

Housing Wire

FEBRUARY 27, 2024

Despite this assertion, Reffkin was happy to field questions about the firm’s use of buyer agency agreements during the question and answer portion of the call. He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements.

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Agents Brokerage Buyers Training 354

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. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

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Agents Buyers Training Law 389

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. When you reduce the commission, you reduce the incentive for that agent to bring a buyer to your house.

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Agents Training Real Estate Real Estate Agent 419

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%.

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Sellers Realtors Agents Buyers 404

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. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents.

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Real Estate Brokerage Agents Training 363

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 363

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster. Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up.

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Real Estate Agent Real Estate Sellers Buyers 395

Housing Wire

SEPTEMBER 28, 2023

Our market is popular with out-of-state buyers and agents relocating from other states. It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training. Gene Boone will continue to run the firm with his business partner and grandson Owen Boone.

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Brokerage Technology Agents Training 371

Housing Wire

OCTOBER 17, 2023

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough.

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Sellers Agents Buyers Realtors 398

Housing Wire

SEPTEMBER 13, 2022

Even recently, with technologies like virtual tours or dollhouse-style immersive walkthroughs that provide floor plans, those services can be expensive and require special training and equipment and take a long time to collect data, Allen explains. Buyers aren’t the only ones who benefit from detailed floor plans, either.

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Training Buyers Technology Sellers 371

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. She also said that HomeService’s guidelines state that listing brokers need to compensate buyer brokers only when the property is in the MLS.

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Law Agents Realtors Contracts 416

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 365

Brokerage Real Estate Agent Real Estate Clients 365

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.”

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Legal Training Real Estate Realtors 363

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers.

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Mortgage Marketing Loan Officers Real Estate Agent 328

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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Finance Real Estate Agent Real Estate Insurance 437

Housing Wire

JANUARY 11, 2024

And he is not alone in this train of thought. There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions. “I Haber said this is where the conversation around potentially creating a new NAR alternative started.

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Real Estate Agent Real Estate Buyers Agents 430

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. How do you help real estate agents?

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Mortgage Buyers Agents Real Estate Agent 412

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.

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Real Estate Open Houses Brokerage Real Estate Agent 360

Housing Wire

JANUARY 31, 2024

A real estate transaction is not a simple click and purchase, like buyer a plane ticket online,” Wright said. The video pointed to the many other things the trade organization does to assist Realtors, including its advocacy and lobbying work, as well as the opportunities it provides for training, education, and professional certifications.

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Real Estate Agent Real Estate Realtors Agents 434

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. and Canada.

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Inspection Real Estate Agent Real Estate Insurance 397

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 422

Housing Wire

MARCH 13, 2024

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. Called RAIA, Offrs AI chat tool uses conversational AI trained by licensed agents to qualify leads for you. Need more examples?

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Real Estate Agent Tools Real Estate Agents 378

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.

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Agents Brokerage Real Estate Clients 360

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. Attend training workshops, webinars, and conferences to acquire new skills and knowledge that can help you stay ahead of the competition.

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Real Estate Agent Real Estate Agents Clients 373

Housing Wire

FEBRUARY 8, 2023

“ The company said the goal is to cut down on the “friction” that can be experienced by buyers, sellers, agents and LOs during the housing transaction process. In addition, the company wants to provide an ownership vehicle that allows parties to capture more revenue in the transaction.

Brokerage 349

Brokerage Mortgage Training Lending 349

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

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Real Estate Brokerage Buyers Property Management 306

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 412

Real Estate Brokerage Valuation Clients 412

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 430

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Sellers Real Estate Appraisal Appraisal Process 78

Housing Wire

OCTOBER 13, 2023

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Fewer homebuying transactions means less fraud , right? “No! It is brute force.

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Real Estate Agent Real Estate Agents Sellers 414

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. will identify which buyers require immediate contact from the listing agent. These are large language models (LLMs).

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Real Estate Agent Real Estate Agents Tools 370

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Buyers and buyer agents alike needed to be keenly aware of how the new regulations would impact the purchase of a condo in any building over 5 units.

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Buyers Lending Insurance Mortgage 66

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. Even in a slow market, there are still buyers and sellers out there. Read about what’s going on in the market.

Real Estate Agent 469

Real Estate Agent Real Estate Agents Marketing 469

Housing Wire

OCTOBER 1, 2022

“We had an Appraiser go MIA and almost cost my buyer a deal.”. When it comes to addressing appraisal delays, more educational opportunities for new appraisers was the top ranked solution among all respondents, followed by new technology, shorter mentorship/training period for appraisers, and hybrid appraisals.

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Appraisal Real Estate Agent Valuation Training 382