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 404

Real Estate Agent Real Estate Agents Brokerage 404

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?

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Agents Buyers Real Estate Agent Loan Officers 426

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

Real Estate Agent 378

Real Estate Agent Realtors Real Estate Sellers 378

Housing Wire

SEPTEMBER 30, 2020

20, the National Association of Realtors said that contract signings were up 23% year over year. There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9 The post No seasonal slowdown this year as real estate agents report a busier-than-usual fall appeared first on HousingWire.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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. You should be finding buyers before real estate agents anyway.”

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Buyers Agents Mortgage Real Estate Agent 504

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

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 389

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 391

Real Estate Real Estate Agent Tools Agents 391

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.

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Contracts Real Estate Agent Inspection Law 195

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

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Agents Real Estate Contracts Real Estate Agent 379

Birmingham Appraisal

DECEMBER 19, 2023

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. In this scenario, the home will probably sit on the market for an extended time.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Appraisal 69

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.

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 431

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

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. A seller-client cancels a listing. A seller-client permits the property to be foreclosed upon.

Real Estate 324

Real Estate Legal Brokerage Clients 324

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

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Inspection Real Estate Agent Real Estate Insurance 406

Housing Wire

JANUARY 29, 2024

According to the National Association of Realtors® (NAR), 89% of buyers would recommend their real estate agent to others. Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family. Name], thank you so much for choosing me as your real estate agent!

Real Estate 406

Real Estate Clients Real Estate Agent Agents 406

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 Should be Included in Real Estate Sales Agreements? Parties Involved.

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Contracts Real Estate Property Taxes Legal 36

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 421

Sellers Buyers Real Estate Agents 421

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? While a land contract might be ideal for you, there are important details you need to know, first.

Contracts 143

Contracts Tenants Legal Sellers 143

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. How much is a part-time real estate agent salary?

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

MAY 20, 2022

A professional appraiser or real estate agent can help you figure out how much to list your home for. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Hire a Real Estate Agent.

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Real Estate Agent Tenants Real Estate Agents 401

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. Compare all that to the U.S.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

NOVEMBER 7, 2023

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. Be one step ahead of the process once they’re under contract. This is where being proactive matters. Overcommunicate.

Clients 406

Clients Buyers Real Estate Agent Real Estate 406

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? Can a Buyer sue a Seller if they refuse to close? What used to be infrequent is becoming more common; Sellers backing out of contracts. If that happens, what can a Buyer do?

Sellers 52

Sellers Buyers Contracts Legal 52

Lamacchia Realty

MAY 18, 2021

FINDING A GOOD REAL ESTATE AGENT. Real estate agents are trained and experienced at negotiating for the client to get the most out of each transaction and to ensure each step of the process is done with great attention to detail. You should do the same thing before choosing a real estate agent!

Real Estate Agent 59

Real Estate Agent Real Estate Agents Realty 59

Housing Wire

AUGUST 28, 2020

billion in VC funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its “Home Reserve” iBuying platform, according to Inman , which spotted a jobs posting Friday morning. The firm is testing two different models with agents in Phoenix, the spokesperson said.

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Brokerage Real Estate Agent Agents Real Estate 536

Housing Wire

OCTOBER 23, 2023

Under questioning, Goffstein said that each agent has a contract that includes NAR rule clauses and that the contract also tells agents that NAR membership dues are needed by January. In addition, the contract stipulated that agents must join their local Realtor association. million of them are NAR members.

Law 427

Law Agents Realtors Contracts 427

Housing Wire

SEPTEMBER 15, 2023

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. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

Buyers 416

Buyers Mortgage New Listings Real Estate Agent 416

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Hank Miller Team

MAY 9, 2023

When a seller develops a fondness for certain things defined as real estate fixtures, things can get sticky. However, some sellers have a deeper attachment to certain items, going as far as removing them prior to closing. The seller that removed the rain shower heads from all of the bathrooms in the home.

Sellers 52

Sellers Real Estate Contracts Real Estate Agent 52

Housing Wire

NOVEMBER 29, 2023

is a go-to for real estate agents aiming to boost their marketing with eye-catching postcards. It offers a multichannel online advertising service that finds and attracts potential leads, leveraging search intent targeting and social information to engage with potential buyers and sellers. ProspectsPLUS!

Real Estate 397

Real Estate Buyers Tools Real Estate Agent 397

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Overall, Zillow reported $9.6

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Has the drip run dry?

Real Estate Agent 397

Real Estate Agent Buyers Real Estate Clients 397

McKissock

SEPTEMBER 20, 2020

As a real estate agent, your income is determined by your ability to close the deal. To successfully master the art of real estate negotiations, you’ll want to find the most creative and powerful strategies available. Check out our post: Best Books for New Real Estate Agents.

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Real Estate Agent Real Estate Agents Contracts 73