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Warren Buffett: Real estate agent commission structure “has worked out very well”

Housing Wire

Despite all of the changes Abel anticipates will occur he said he firmly believes that the real estate agent will remain “an important part of these transactions.” “It ” He also shared that he has never negotiated down an agent’s commission, despite his last home sale fetching an over $7 million price tag.

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More real estate agents are switching brokerages: Relitix

Housing Wire

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

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.

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Subtle shifts in real estate agent dynamics in March: Relitix

Housing Wire

These metrics serve as critical indicators for brokerage firms and real estate professionals looking to navigate the ever-evolving real estate landscape. Trends in the relative movement of experienced real estate agents between brokerages are an important strategic consideration for brokerage and franchise leaders.

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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

However, a significant majority of buyers (80%) financed their home purchase in 2023, up from 78% in 2022 but still down from 87% two years ago, according to the survey. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home.

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DataDigest: What happens if 1 million real estate agents disappear?

Housing Wire

. “A key question, however, is whether consumer inertia and agent entrenchment will outweigh economic theory,” the analysts wrote. ” If you’re a real estate agent, hearing about a potential 30% decline in commission volume and rates dropping by 200 bps is quite scary.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. For real estate professionals, this option presents an opportunity to capture more sales. What is reverse purchase financing? Yet staggeringly few are aware of its existence.

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