Housing Wire

MAY 7, 2024

“The NAR settlement requires some mechanical changes to industry practices, which are entirely driven by training, and when it comes to our agents, we are a training-first company,” Real President Sharran Srivatsaa said. That means we believe a skilled agent will outperform an unskilled agent 10 to 1.

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Agents Brokerage Training Business 431

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.”

Agents 374

Agents Real Estate Training Buyers 374

Inman

APRIL 8, 2024

As brokerages pivot to specialized training meant to empower buyer agents, new-home sales still provide plenty of opportunities for intrepid Realtors, development specialist Hana Cha writes.

Development 189

Development Training Brokerage Realtors 189

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 407

Brokerage Real Estate Training Buyers 407

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 438

Real Estate News

DECEMBER 18, 2023

As lawsuits over agent compensation multiply, it’s important for leaders to assess agreements, training and how buyer agency adds value to their business.

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Brokerage Training Agents Buyers 246

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 377

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 402

Housing Wire

OCTOBER 16, 2023

When asked how they were preparing for a worst-case scenario, such as a potential 30% loss of buy-side commissions , per a report done by Keefe, Bruyette & Woods , and an uncoupling of cooperation and compensation, brokers in the study say they are focusing on boosting their value proposition, listings and training.

Real Estate 382

Real Estate Brokerage Training Agents 382

Housing Wire

MARCH 18, 2024

Honing new skills With the settlement agreement including terms like a mandatory buyer agency agreement and a ban on displaying offers of cooperative compensation via listings on the MLS, it is understandable that some agents would like more guidance from NAR on what these terms will look like in practice. More off-MLS listings?

Brokerage 417

Brokerage Real Estate Agents Sellers 417

George Dell

DECEMBER 13, 2023

The content of appraiser training, or how it is delivered? Buyers of appraisals and buyers of appraisal education judge by three things: Cheap; Fast; Good. The education question — what is more important? Appraiser education “marketability” is similar to appraisal marketing itself.

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Training Appraisal Buyers Marketing 195

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 378

Brokerage Real Estate Realtors Real Estate Agent 378

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.

Real Estate 386

Real Estate Brokerage Agents Training 386

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.

Agents 430

Agents Training Real Estate Real Estate Agent 430

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 382

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

Training 392

Training Realtors Agents Real Estate 392

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.

Brokerage 389

Brokerage Technology Agents Training 389

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. And it provides major benefits to your sellers and prospective buyers.”.

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Training Buyers Technology Sellers 385

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. With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

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Legal Training Real Estate Realtors 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 360

Agents Brokerage Real Estate Clients 360

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. Apple Podcasts Spotify 7.

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Real Estate Agents Real Estate Agent Training 462

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 376

Brokerage Real Estate Agent Real Estate Clients 376

Housing Wire

SEPTEMBER 6, 2023

Generative artificial intellegence, such as ChatGPT, is changing everything—a statement that comes as little surprise to anyone these days, and least of all to the many real estate agents whose markets are being saturated by artificial intelligence (AI)-empowered buyers. Keep Up AI is making buyers smarter.

Real Estate Agent 380

Real Estate Agent Real Estate Agents Marketing 380

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. Launched in September 2023, the company secured $1.25

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Mortgage Buyers Agents Real Estate Agent 430

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.

Real Estate Agent 453

Real Estate Agent Real Estate Realtors Agents 453

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.

Real Estate Agent 397

Real Estate Agent Real Estate Agents Clients 397

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 414

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 440

Housing Wire

MARCH 15, 2024

Do the tutorial, take the training. 5 Thank You or Congratulations cards daily Free Comparable Market Analysis delivered / discussed Market Updates ‘Wanted’ outreach for buyers you’re working with 6. Don’t stay stuck on ‘what’s the best database?’ Don’t over-spend on one you’ll never figure out. Commit to using one and stick to it.

Real Estate 398

Real Estate Training Agents Clients 398

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 65

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

Real Estate 293

Real Estate Technology Business Real Estate Agent 293

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.

Real Estate 318

Real Estate Brokerage Buyers Property Management 318

Housing Wire

NOVEMBER 2, 2023

If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We We run one of the largest brokerage websites in America, as well as a national network of contractors trained and licensed to provide low cost on demand property access.

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Agents Technology Housing Market Training 432

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. Goldberg testified that while there are roughly 2.5

Law 428

Law Agents Realtors Contracts 428

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 407

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 in the best interest of the seller to have as many buyers as possible.” The seller’s agent then finds a buyer at their local church and receives a $9,000 commission.

Sellers 416

Sellers Realtors Agents Buyers 416

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 359

Brokerage Mortgage Training Lending 359