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Low-fee brokerage firms could give sellers considerable savings: CPC

Housing Wire

Consumers listing a $400,000 property for sale could save up to $10,000 in broker fees by using a “low-fee” brokerage firm, according to a report published Monday by the Consumer Policy Center (CPC). to list a property will spend $6,000 less in brokerage fees to sell a $400,000 home compared to a seller who uses an agent that charges 3%.

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AI usage is becoming the new standard for most brokerages

Housing Wire

The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Delta’s annual real estate leadership survey explores insights from brokerage leaders on AI, marketing technology and forward-thinking insights. Delta Media considered these brokerages to be “medium to large.”

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Two Idaho brokerages, agents named in RICO suit

Housing Wire

Real estate agents at two Bonner County, Idaho -based brokerages are facing charges of breaching fiduciary duty and engaging in a racketeering scheme with developers to sell defective homes. The lawsuit also names several real estate agents at both brokerages as well as employees of the developers and TitleOne as defendants.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Now, it’s time to join a brokerage. But keep in mind that licenses will need to be renewed.

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‘No legitimate justification’: California broker sues NAR over ‘anticompetitive’ dues

Housing Wire

He claims this limits a broker’s ability to compete with larger firms by imposing undue financial pressure that disproportionately impacts small brokerages. He said the result of the policy is “reduced consumer choice, artificial inflation of business costs and market foreclosure for alternative business models in real estate brokerage.”

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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause. Funny you should ask.

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14 lucrative jobs in real estate with high earning potential

Housing Wire

Brokers, also known as managing brokers, designated brokers or brokers-in-charge, are typically owners or supervisors of real estate brokerages. You must have a leadership mentality and the ability to see the bigger picture to grow your brokerage. It allows you the opportunity to be in charge of other agents and run a business.