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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Buyers have heard horror stories on the news, and it’s up to us as real estate professionals to clearly and concisely explain how buyer agents are compensated. Remuneration will vary from state to state and brokerage to brokerage, so be sure to check with your broker for the details. If they say it’s their forever home, great!

Agents 396
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@properties Launches National Franchise Program

RIS Media

Chicago-based @properties announced that it is launching a national franchise brand to offer broker/owners and agents access to the firm’s technology, marketing, training and business-development systems that have made it one of the top 10 brokerage firms in the country as an independent. 1 seller of new construction).

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Survey: Luxury Real Estate Beats Out Other Investments

RIS Media

1 global preference, however, is new construction in a newly developed neighborhood as it commands the highest price among the luxury buyer segment, according to the report. – Luxury buyers want to work with a reputable brokerage that offers basic, quality offerings with a focus on customer service, while offering new technology.

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How Much Are Closing Costs in Michigan?

HomeLight

Title search fee $250 Property taxes (May need to pay back buyer) Varies Wire transfer fees $30 Outstanding amounts (utility bills, HOA fees) Varies Compliance fee (paid to seller’s brokerage) $375 Typical seller closing cost total (7%-8%) $15,176-$17,344 *Example estimate based on a $216,800 median-priced Michigan home.

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10 data sources to inform your real estate strategy

Real Trends

The company’s Homeowner Equity Report , for instance, provides a quarterly overview of the distribution of equity across all US single-family properties with a mortgage. Reporters like Logan Mohtashami are turning out daily news on the data that matters to real estate professionals. HousingWire. City-Data.com.

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Power Broker Perspectives: Strategies for the Road Ahead

RIS Media

Triggered by the pandemic, changes to the way brokerages must operate and the way consumers need—and expect—to be served, have caused brokers to rapidly adapt in order to reap the current rewards and navigate the longer-term effects. This new dynamic has created a clarion call for us as business leaders.

Brokerage 106
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What Costs Are Involved in Selling My House?

HomeLight

In turn, they compensate their affiliated brokerage houses, which might be a 70/30 split. Since Kennedy worked in new construction for 13 years before going into brokerage, he usually does a walkthrough to generate a list of easy-to-fix, low-cost items that should be fixed prior to listing (such as a leaky faucet).