Housing Wire

MARCH 18, 2024

Due to this, Edgerton and other industry leaders believe it is essential for agents to focus on training and education as the mid-July deadline looms just a few months away. If the seller is willing to have that discussion, then you and your buyer can see what they would be willing to cover.” More off-MLS listings?

Brokerage 418

Brokerage Real Estate Agents Sellers 418

Housing Wire

OCTOBER 18, 2023

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 In the script the seller asks the agent if he or she can reduce their commission, stating that they would like to save money. I do believe training is essential.” billion in damages.

Agents 431

Agents Training Real Estate Real Estate Agent 431

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%.

Sellers 418

Sellers Realtors Agents Buyers 418

Housing Wire

NOVEMBER 28, 2023

Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers. The calculations reached by CubiCasa technology are aligned with American National Standards Institute standards and the technology can be used without prior training by anyone with a smartphone.

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Tools Technology Real Estate Training 397

Housing Wire

OCTOBER 23, 2023

During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.” Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

Legal 388

Legal Training Real Estate Realtors 388

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.

Mortgage 355

Mortgage Marketing Loan Officers Real Estate Agent 355

Housing Wire

APRIL 24, 2024

I knew the first thing we needed to do was to combine our training and marketing approach,” he said. But without necessary resources such as a training team, and having only a few marketing professionals, implementation was a challenge. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgage 371

Mortgage Loan Officers Training Business 371

Housing Wire

FEBRUARY 27, 2024

He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements. 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.

Agents 384

Agents Brokerage Buyers Training 384

Housing Wire

APRIL 8, 2024

Filed in late 2023 in Missouri by Daniel Umpa, a Maryland home seller, the Umpa suit , like the other commission lawsuits, accuses real estate industry players, including Real, of conspiring to artificially inflate real estate agent commissions. “We

Brokerage 378

Brokerage Real Estate Agent Real Estate Clients 378

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. Those details are clearly established in the listing agreement between your brokerage and the seller.

Agents 405

Agents Buyers Training Law 405

Housing Wire

SEPTEMBER 28, 2023

It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training. The Boones are planning on opening a third Ocala office later this fall, which will focus on assisting buyers and sellers of equestrian properties.

Brokerage 394

Brokerage Technology Agents Training 394

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. Only 1% of respondents say they are restructuring their compensation model.

Real Estate 393

Real Estate Brokerage Agents Training 393

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 404

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 26, 2023

Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. He added that ReeceNichols, which has roughly 2,000 agents spread out over 21 offices in Kansas City, created its own policies and procedures, and that it was responsible for the training of the firm’s agents.

Law 388

Law Agents Brokerage Buyers 388

Housing Wire

OCTOBER 23, 2023

In the deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked Warner to comment on a training script from HomeServices CEO Gino Blefari in which he said that when he was an agent, he was supremely confident and would tell prospective clients that while commissions are negotiable “they only go up from 6%.”

Law 430

Law Agents Realtors Contracts 430

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 388

Housing Wire

OCTOBER 17, 2023

In agent training videos, Blefari said he pre-writes a 6% commission into all his listing agreements and that he only negotiates commissions if they go up. “I NAR does, however, note that it sellers are able to negotiate the commission rate with their agent, and agents are able to negotiate with one another.

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Sellers Agents Buyers Realtors 408

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing.

Buyers 458

Buyers Brokerage Agents Realtors 458

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.

Real Estate Agent 419

Real Estate Agent Real Estate Sellers Buyers 419

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!

Real Estate Agent 434

Real Estate Agent Real Estate Agents Sellers 434

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 362

Brokerage Mortgage Training Lending 362

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.

Real Estate 447

Real Estate Sellers Technology Real Estate Agent 447

Housing Wire

JANUARY 31, 2024

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 457

Real Estate Agent Real Estate Realtors Agents 457

Housing Wire

NOVEMBER 23, 2022

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

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.

Finance 455

Finance Real Estate Agent Real Estate Insurance 455

Housing Wire

MARCH 13, 2024

Automated chatbots can help you field calls, texts, emails and website inquiries to qualify incoming leads and segment buyers and sellers by their areas of interest in your CRM — all before you even pick up your phone to call or text those prospects. Need more examples?

Real Estate Agent 404

Real Estate Agent Tools Real Estate Agents 404

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.

Realtors 438

Realtors Law Agents Real Estate 438

Housing Wire

MAY 8, 2024

Third, Compass agents have doubled down on training to help them better communicate their value proposition. Reffkin’s confidence came from what he called “five facts.” First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. in 2003. “For

Agents 346

Agents Brokerage Real Estate Clients 346

Housing Wire

APRIL 22, 2024

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. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent.

Real Estate 392

Real Estate Open Houses Brokerage Real Estate Agent 392

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 Canada.

Inspection 408

Inspection Real Estate Agent Real Estate Insurance 408

Housing Wire

JANUARY 11, 2024

And he is not alone in this train of thought. Haber said this is where the conversation around potentially creating a new NAR alternative started. Mauricio Umansky , the founder of The Agency , has met with Haber to discuss the creation of another trade group. Mauricio and I have been in touch about collaborating,” Haber said.

Real Estate Agent 441

Real Estate Agent Real Estate Buyers Agents 441

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 421

Real Estate Brokerage Valuation Clients 421

Housing Wire

OCTOBER 12, 2022

The integration also aims to tackle the payment procedure during a real estate closing, in which several parties receive payments through sources like broker/agent commissions, underwriter fees, title search fees, taxes, payoffs and seller proceeds. To boot, check fraud is also on the rise.

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Architecture Real Estate Training Design 391

Housing Wire

JUNE 19, 2023

While we regret any transaction in which we fall short of our high standards, we must view these instances within the larger context of the nearly 150,000 seller experiences we have provided during our nearly 30-year history,” the response said in part. “We A duo of bipartisan U.S.

Business 358

Business Advertising Sellers Legal 358

Housing Wire

MARCH 21, 2024

The H4P factor HECM for Purchase is a largely underutilized variation of the HECM product, but after the FHA announced a seller credit for the program late last year — to the delight of many reverse mortgage professionals — LOs in different areas of the country are keeping an eye on it as a path toward growth.

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Retail Mortgage Real Estate Agent Business 398

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 433

Mortgage Buyers Agents Real Estate Agent 433