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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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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

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Majority of recent homebuyers have regrets: survey

Housing Wire

Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. More than 80% of recent buyers asked for at least one seller concession. The survey also delved into the use of real estate agents. Nearly 30% of recent buyers were not represented by an agent.

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GCI: What It Is & Why It Matters to Every Real Estate Agent

The Close

Gross commission income (GCI) is the full amount of money a real estate agent may receive in exchange for representing a buyer, seller, or both in a real estate transaction. But there’s much more to understanding this key calculation and why it matters to every real estate agent. Price negotiations can also affect your GCI.

Agents 94
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Buydowns become key for buyers to beat the market

Housing Wire

Rocket Mortgage has also launched a lender-funded 1-0 rate buydown, dubbed the “inflation buster” program, as well as a seller- or real estate agent-funded 1-0 rate buydown from its wholesale arm Rocket Pro TPO. Erica Davis, Guild Mortgage loan originator and home buyer.

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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

Jesse Allen is an experienced agent who sells homes 52% faster than the average agent in Clarksville, Indiana. He explains that “A flat fee brokerage charges up front, typically a flat fee of $3,000-$5,000.” Then you can calculate your estimated real estate agent commission fees as a percentage of property value.

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How Much Does It Cost to Sell a House?

Redfin

This includes getting the house ready to list, the cost to hire movers, real estate agent commission and fees, and the cost to address any necessary repairs. . They are prepared (at no charge to you) by your real estate agent. Before making any major changes to your home, talk to your real estate agent. Enhancing curb appeal .