Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The agent movement reflects the relative mobility of experienced agents between brokerages.

Agents 421

Agents MLS Brokerage Industrial 421

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Proptech companies could hire sales associates to sell their products in the B2B space.

Industrial 384

Industrial Loan Officer Loans Branding 384

Housing Wire

APRIL 23, 2024

“We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients.

Sales 412

Sales Residential Branding Brokerage 412

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Potentially, the seller’s agent may have more of a voice than they historically have had in terms of recommending a title provider,” Frasier said.

Title 421

Title Industrial Purchase and sale agreement Agents 421

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

Agents 421

Agents Staging Industrial As-is 421

Housing Wire

MARCH 25, 2024

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. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

Purchase and sale agreement 441

Purchase and sale agreement Agents Seller concession MLS 441

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. “Homebuyer survey data may provide some clues.”

Agents 479

Agents Purchase and sale agreement Brokerage Finance 479

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Similar to the arguments made by the plaintiffs and their attorneys in the commission lawsuits, the authors of the paper argue that despite technological advances, agents still take a “high percentage commission.”

Agents 431

Agents Banks Sales Technology 431

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 421

Agents Brokerage MLS Technology 421

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 410

Debt-to-income ratio Sales Purchase and sale agreement Loans 410

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Agents 432

Agents Sales Finance As-is 432

Housing Wire

FEBRUARY 14, 2024

successfully closed on the sale of this luxury, 4,700-square-foot property on Park Avenue on the Upper East SIde of Manhattan for $13 million. Working in real estate sales for a few years, and now you want to challenge yourself and raise the stakes? Visit Agent Image 3. Kayla Lee of SERHANT.

Agents 421

Agents Branding Design Development 421

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. A wise agent right now is talking to buyers and sellers,” Brown said.

Agents 432

Agents Industrial Closing costs As-is 432

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?

Pre-approval 458

Pre-approval Agents Loan Officer Seller concession 458

Housing Wire

FEBRUARY 23, 2024

These results came as the number of existing home sales dropped 18.7% agent count, meanwhile, fell from 58,719 at end of 2022 to 55,131 at end of 2023. The company’s global agent count is up 0.6% The company’s global agent count is up 0.6% agent count and to expand its mortgage business. RE/MAX’s U.S.

Agents 410

Agents Brokerage Branding Investor 410

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. He has a background in managing sales operations and brokering transactions between clients in the U.S.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

FEBRUARY 8, 2024

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. So let your personality shine.

Agents 410

Agents Construction Design Branding 410

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. Those people harm consumers as well as industry professionals by wasting time, making mistakes and driving up acquisition costs, they’ll tell you. trillion and $1.4

Agents 370

Agents Loan Officer Loans Industrial 370

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? trillion to $7.9

Agents 370

Agents Technology Development Industrial 370

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. AI will not take your job, but people who know how to use AI will,” Svoboda said.

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Title Industrial Land Technology 410

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. billion,” Gardiner said.

Industrial 315

Industrial Mortgages Technology Loan Officer 315

Housing Wire

AUGUST 15, 2023

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas , Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo , in a thunderstorm, alongside a motivational message for agents. Our industry is in a recession,” Keller said.

Agents 370

Agents Marketing Staging Industrial 370

Housing Wire

NOVEMBER 29, 2023

However, the tactical approach of regular check-ins and focusing on retention as a cornerstone of fortifying your real estate agent ranks is often underestimated or overlooked. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 441

Agents Brokerage Technology Staging 441

Housing Wire

SEPTEMBER 19, 2023

A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. Why are appraisals important?

Agents 450

Agents Inspection Sales Commercial 450

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. Congratulations!” And that was that!

Agents 410

Agents Brokerage Loan Officer Closing 410

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next.

Agents 410

Agents MLS Brokerage Equity 410

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. “But agent commissions have never been a closing cost from a buyer perspective. Nobody’s ever had to ask the question, ‘Are buyer’s agent commissions considered closing costs?’ Grant said.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years.

Agents 450

Agents Equity New Construction Days on market 450

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 397

Industrial Residential Mortgages Investor 397

Housing Wire

SEPTEMBER 26, 2023

The city’s top agent by both sales volume and transaction sides in 2022 is joining the firm, according to an announcement on Tuesday. Chris Smith, a 20-year industry veteran, is leaving Latter & Blum for Keller Williams New Orleans. Keller Williams New Orleans is getting a major boost.

Agents 410

Agents Brokerage Industrial As-is 410

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today.

Agents 370

Agents Brokerage Technology Industrial 370

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable. And before getting my real estate license in 2009, I had the same opinion, too.

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Purchase and sale agreement Agents MLS Brokerage 332

Housing Wire

OCTOBER 25, 2023

Long known for its salaried compensation for agents, Redfin is trying a new pay model in two of the nation’s largest housing markets to help boost its market share. According to Redfin CEO Glenn Kelman , the other aim of this change is to create million-dollar agents. “We

Agents 410

Agents Staging Investor Technology 410

Housing Wire

MARCH 8, 2024

She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read.

Agents 432

Agents MLS As-is Title 432

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 397

Agents Loan Officer Lending MLS 397

Housing Wire

AUGUST 25, 2023

The franchisor just announced a significant adjustment to its profit sharing program, aimed at rewarding agents who stay with the company and punishing vested agents who left for competitors. Previously, vested “former” agents benefited from a 100% profit share distribution even after their departure.

Agents 370

Agents Brokerage Industrial As-is 370

Housing Wire

OCTOBER 10, 2023

The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Now more than ever, sellers expect an agent who will confidently create a plan to get them top dollar for their home.

Agents 458

Agents Renovation Inspection Construction 458