Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Sellers would continue to see the value in buyer agents — bringing more potential agents to the table and making properties more competitive — while also compensating buyer agents accordingly. Enter the savvy seller.

Agents 409

Agents Buyers Real Estate Agent Loan Officers 409

Housing Wire

MAY 9, 2024

Wood, who is overseeing the Batton suit as well as the Moehrl home seller commission lawsuit , said this request was “neither necessary nor appropriate.” We will continue to focus on what we do best: empowering real estate entrepreneurs so they can deliver exceptional value to their clients.” On Wednesday afternoon, Judge Andrea R.

Brokerage 381

Brokerage Realty Sellers Real Estate 381

Housing Wire

NOVEMBER 14, 2023

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. This would lead to competition among buyer brokers to offer lower commission rates. 13, 2019, to the present.

Real Estate 404

Real Estate Realtors Realty Buyers 404

Housing Wire

MARCH 18, 2024

They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one.

Brokerage 405

Brokerage Real Estate Agents Sellers 405

Housing Wire

MARCH 21, 2024

I think things have definitely picked up,” said Tane Cabe, a broker with C2 Financial Corp., I’ve talked to some leaders in this space recently and they’re telling me they’ve definitely seen an increase in volume. said in a recent interview. That seems to be the general feeling.

Retail 370

Retail Mortgage Real Estate Agent Business 370

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.

Real Estate 361

Real Estate Open Houses Brokerage Real Estate Agent 361

Housing Wire

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said. “The

Sellers 398

Sellers Agents Buyers Realtors 398

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. When rates go down, prices are gonna go up and you will see more bidding wars.”

Loan Officers 392

Loan Officers Mortgage Inventory Clients 392

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. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 390

Agents Buyers Training Law 390

McKissock

MARCH 10, 2021

When a real estate client defects, it might not be something you are doing to drive away real estate clients. There could be any number of reasons why the client decides to look elsewhere. However, you must consider, at least a little, that something you did along the way caused the client to walk away.

Clients 94

Clients Real Estate Real Estate Agent Agents 94

Housing Wire

SEPTEMBER 6, 2023

We are not going to defend this case anymore,’ so that will definitely lead to changes.” Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.

Agents 413

Agents Buyers Realtors Sellers 413

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1:

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

OCTOBER 31, 2023

The rule change will prohibit listing brokers from paying buyer’s agents and will instead require sellers to pay them directly if they choose to pay them at all. Other Multiple Listing Services (MLSs) around the country have preemptively changed the definition of required cooperation by eliminating any stated dollar amount.

Real Estate 403

Real Estate Realtors Agents Buyers 403

Housing Wire

NOVEMBER 1, 2023

These are the folks who are buying right now, and I you know because some of them are my clients.” There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Housing Wire

NOVEMBER 2, 2023

These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales. Market Leader’s unique approach focuses on nurturing leads for long-term client relationships, so it’s great for a solo agent who’s just starting to build their email list.

Real Estate 375

Real Estate Real Estate Agent Tools Agents 375

Housing Wire

NOVEMBER 9, 2023

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

Legal 366

Legal Real Estate Real Estate Agent Law 366

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. It was definitely a rush job! He wasted my client’s money. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. The LO in the Portland, Oregon area said she’s trying to get creative to help clients, pursuing 3/2/1 and 2/1 mortgage rate buydowns. But with all of the volatility it’s been a struggle to get sellers to give the kind of credits we need for those programs.

Mortgage 432

Mortgage Buyers Loan Officers Marketing 432

Housing Wire

FEBRUARY 9, 2021

The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process. Both sellers and buyers have a lot to lose. Are you solving for the seller, the buyer, the agent, or another industry pro? At this point, you need clients.

Real Estate 464

Real Estate Agents Technology Sellers 464

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

Real Estate 391

Real Estate Real Estate Agent Tools Agents 391

Housing Wire

JANUARY 18, 2023

So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said. “For folks that require to sell the MSR asset to fund working capital, that can be a challenge because MSRs are liquid in some respects, but they’re not the most liquid.

Housing Market 430

Housing Market Marketing Insurance Mortgage 430

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 301

Real Estate Agent Real Estate Agents Loan Officers 301

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Lamacchia Realty

DECEMBER 18, 2023

To the everyday buyer and seller , they may not think there is much of a difference between the two. By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. The Code of Ethics outlines how a REALTOR® must conduct business with all clients.

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Appraisal Buzz

SEPTEMBER 12, 2022

Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner. Either way, sellers should decide what’s worth more to them.

Supply Chain 195

Supply Chain Sellers Housing Market Appraisal 195

Housing Wire

AUGUST 9, 2022

Luna: I definitely stumbled into it. BH: Your fabulous side is definitely showcased on your social media platforms – you do a great job of highlighting your personality, while educating people about title insurance. It sounds like you stumbled into title! I was originally interested in doing journalism or law.

Real Estate Agent 375

Real Estate Agent Real Estate Insurance Business 375

Housing Wire

JULY 25, 2022

While Nourmand said most of his clients have been local Californians, he has worked with a few Floridians and New Yorkers. “We We were having like 20 to 30 offers every time we had a listing on the market and the offers would come in from day one until the seller said enough is enough.

Housing Market 343

Housing Market Marketing Real Estate Real Estate Agent 343

Housing Wire

JULY 25, 2023

A lot of my clients will get insurance quotes three months into the project and then about a year later they are getting their final quote. Someone is going to have to pay for these rising costs one way or another and I think the sellers are going to start taking a hit on some of this because it becomes less desirable to live there.”

Insurance 358

Insurance Housing Market Marketing Agents 358

McKissock

DECEMBER 14, 2021

On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client who quickly turned to the bottom of page two, and said: “Wow Ben, I was sure this one would have come in at least $20,000 higher.” So, this is a pretend sale between a typically motivated buyer and a seller.

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Quicken Loans

JUNE 3, 2021

The most successful realtors and agents are finding ways to incorporate technology into their practices to increase their efficiency and draw in more clients, but the rising popularity of iBuying platforms has led to a whole new wave of trepidation. Offerpad will even pay for professional movers when sellers relocate locally.

Sellers 55

Sellers Buyers Agents Real Estate Agent 55

McKissock

JULY 26, 2022

Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Requests to sellers to pay closing costs. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

McKissock

AUGUST 3, 2022

One of the top ways of convincing those potential clients that you’re the right agent for them is by creating a pristine listing presentation. A listing presentation is essentially an interview to represent a potential seller in a real estate transaction. Home sellers will want to know your qualifications right away.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Birmingham Appraisal

SEPTEMBER 26, 2023

Some people will say that it is market value because you have a willing buyer and a willing seller. For sellers, this can be appealing, as it may justify a higher asking price. Including an exceptionally high sale in an area with mainly moderate values can give a false impression of what typical buyers and sellers can expect.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

Housing Wire

DECEMBER 6, 2021

I started three years ago when I started in real estate and my goal was to build a brand to help connect with new clients and to make sure past clients remember me. It is definitely where I can bring more of my personality out. I want my clients to see me as a real person. A personality for every platform.

Agents 393

Agents Real Estate Business Realtors 393

McKissock

APRIL 5, 2022

Letting others in your office know where you’re headed—whether it be to a showing or to take clients out in your car—is one of the most important habits to get into to ensure your safety on the job. Our Real Estate Safety continuing education course will help protect you and your clients. Want more safety tips?

Real Estate Agent 86

Real Estate Agent Real Estate Agents Open Houses 86