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Real estate agents continue to change brokerages: Relitix

Housing Wire

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. respectively.

Brokerage 345
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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. The free market establishes broker commission costs based on things like service quality, value for price and market conditions.

MLS 457
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Subtle shifts in real estate agent dynamics in March: Relitix

Housing Wire

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. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead.

Agents 403
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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

I think a lot of agents just sort of relied on the MLS to dictate what they were going to make. They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” There is going to be a lot more conversations happening around off-MLS considerations.”

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Why the US MLS system is the envy of other countries

Housing Wire

Multiple Listing Services (MLS) by those trying to disparage the system. This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. And that home rental between closings? An additional $6,400.

MLS 382
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Recruiters turn to AI in their quest to lure top agents

Housing Wire

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 324
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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

Another known fact is that at least one firm, Redfin , which gets over 50 million unique visitors on its website each month and offers discounted listing and lower-cost buy-side commissions, is available in most of the metropolitan markets in the United States. Despite that, it has less than 1% market share of all transactions.

MLS 423