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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Recruiting real estate agents: A complete roadmap for 2024

Housing Wire

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. If you want to learn how to recruit agents, now is the time.

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Meet The Real Estate Tech Entrepreneur: Michael Bonacina from Virtual Staging AI

GeekEstate

In this week’s founder interview, we’re bringing you Michael Bonacina from Virtual Staging AI. I am the Co-Founder and CEO of Virtual Staging AI. We’re a startup from the Harvard Innovation Lab that developed a proprietary AI model to do virtual staging automatically. What problem does your product/service solve?

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Staging Plays Crucial Role in Accelerating House Sales

RIS Media

One effective strategy to enhance a property’s appeal and facilitate a quicker sale is through the art of home staging. In fact, 97% of agents surveyed said they believe home staging… The post Staging Plays Crucial Role in Accelerating House Sales appeared first on RISMedia.

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Industry reacts to Redfin-NAR split: ‘It’s a crack in the wall’

Housing Wire

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. That is really when we started the process of evaluating where we can drop memberships for our agents. There is a lot of unwinding to do there.”

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HomeServices appeal rejected as October commission trial looms

Housing Wire

Originally filed in 2019, the lawsuit won class-action status shortly after, and alleges that some NAR rules, including one that requires listing brokers to offer buyers’ brokers a commission in order to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

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