Realty Biz

AUGUST 25, 2022

If you’re in the market to buy a home, you may be wondering what the difference is between buyers’ agents and real estate agents. Buyers agents represent buyers exclusively and work to get them the best deal possible on a home. Real estate agents, on the other hand, work for the seller.

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Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Next, we hope Fannie will provide a similar framework for buyers.

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Agents Seller concession VA loan Finance 527

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This paradigm shift significantly benefited all parties involved.

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Debt-to-income ratio Agents Equity Closing costs 471

NAR: Economic Outlook

FEBRUARY 7, 2024

Buyers of New Homes Want Agent Representation New home buyers value agents' help in understanding the buying process, helping with negotiation, and shortening home search time. By: Jessica Lautz

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Agents 128

Realty Biz

MAY 2, 2023

As a real estate agent, one of your primary goals is to attract home buyers to your real estate website. Showcase your properties with high-quality photos and videos Attractive and high-quality visuals are essential for attracting home buyers to your real estate website.

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Agents Branding Pre-approval Design 104

Housing Wire

MARCH 15, 2024

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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Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan. As of Jan.

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MLS Agents Design As-is 466

Realty Biz

NOVEMBER 21, 2022

Whether you’ve just gotten into the real estate business or you’ve been an agent for years, you should know employing effective marketing techniques will be crucial to your success. Today, we will talk about marketing to potential buyers and answer the question, “What is home buyers’ marketing?” once and for all.

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Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. The DOJ believes that by eliminating it, affordability will improve for all.

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Equity Agents Industrial Land 453

Better Dwelling

SEPTEMBER 2, 2021

Canadian real estate agents and brokerages are accused of working against their clients. Not by some rando either, but the claims came from the Real Estate Council of Ontario (RECO). This tactic means some buyers may have bought real […].

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Real Trends

NOVEMBER 21, 2022

Johnson Tsai’s business is usually 50-50: evenly split between representing buyers in and doing rental deals in New York City. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” said Tsai, an agent at brokerage REAL New York. eXp Realty agent Stacy Pulliam.

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Agents Mortgages Commercial Property Management 100

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same.

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Brokerage Agents Residential Sales 356

Housing Wire

MARCH 29, 2024

The real estate industry is facing yet another commission lawsuit , but this time the plaintiff is not seeking class-action status. Additionally, Wang wrote in his complaint that as a repeat buyer, he did not rely on his agents for advice or recommendations on inspectors, contractors, mortgage brokers or electricians.

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Purchase and sale agreement MLS Agents Residential 407

Housing Wire

APRIL 11, 2024

As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers remain in the dark about crucial aspects of agent payments.

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Agents MLS Industrial As-is 407

Housing Wire

MAY 16, 2024

Property documents offer real estate agents and their clients crucial insights; however, they are often long, full of legalese, and poorly formatted, making them extremely tedious to review and understand,” James Rogers, co-founder and CEO of RealReports, said in a statement. “Now

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Seller disclosure Brokerage Inspection Technology 333

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That revenue concentration seems to be what had investors heading for the exits on Friday.

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Investor Residential Agents MLS 402

Housing Wire

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. We think this is an outdated and a misguided model that breeds agent discontent. million members.

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Lending Brokerage Agents Industrial 431

Housing Wire

MAY 3, 2024

As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data. The product is marketed toward real estate agents to help them build trust and credibility with their clients, a joint news release states. “In

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MLS Brokerage Agents As-is 384

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. NAR also sent a letter to the U.S.

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VA loan Closing costs MLS Loans 417

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The DOJ may also file charges separately to prevent any display of buyer agent commissions on any platform.

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Brokerage MLS Agents Branding 438

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I They are going to be going a lot for negotiation,” Edgerton said.

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Industrial Brokerage MLS Agents 399

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% The buyer will receive the refund at closing.

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Purchase and sale agreement Agents Closing Brokerage 461

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. Don’t panic. The executives said they received more than 150 questions.

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Purchase and sale agreement Agents Seller concession MLS 395

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

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Agents MLS Sales Branding 380

Housing Wire

MAY 1, 2024

district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” Lutz is being represented in the suit by Randall P. “

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MLS Brokerage Agents As-is 394

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. of them including an offer to pay 3% of the sales price to the buyer’s agent. of them including an offer to pay 3% of the sales price to the buyer’s agent. needs to change.

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Agents Banks Sales Technology 370

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Carlson cited RealTrends Verified data to illustrate how productive RE/MAX agents are. to 143,287 agents.

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Agents Industrial Development Investor 340

Realty Biz

JUNE 3, 2022

Real estate is an ever-changing business that is subject to frequent market fluctuations. Agents who can adapt their strategies in response to these changes can thrive, but those who fail to keep up risk being left behind. It also makes it possible to attract potential buyers for their listings. What is Video Marketing?

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Agents Marketing Branding Sales 87

Housing Wire

APRIL 25, 2024

Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence -powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. The tool helps match buyers with the ideal property while providing insights into market trends and property values.

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Agents Technology Residential Industrial 348

Housing Wire

MAY 1, 2024

The simple answer is that Zillow is wholly focused on solving real consumer problems with software. According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” he posited.

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Industrial Technology Agents Finance 349

Housing Wire

MARCH 12, 2024

million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% In total, more than 9.5

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FHA loan Loans Finance Lending 445

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Access to a hyper-local agent is more important now than ever.

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Brokerage Investor Agents Pre-approval 349

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. While this seems obvious, I hear time and time again how agents are trying to “convince” people to work with them.

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Purchase and sale agreement Agents MLS Brokerage 284

Housing Wire

APRIL 22, 2024

According to Florance, the capabilities Matterport offers real estate agents, which are not just limited to floor plans, will allow homebuyers to view properties without staging or with their own furniture in the property. In turn, this will allow agents to provide even more value to their clients.

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Branding Brokerage Staging Residential 321

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. Anthony Djon, CEO of Anthony Djon Luxury Real Estate , said his company gets 90% of its leads from listing portals Zillow and Realtor.com.

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Brokerage Title MLS Commercial 345

Housing Wire

APRIL 3, 2024

Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy. The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow.

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MLS Residential Agents Industrial 373

Housing Wire

APRIL 17, 2024

Real Estate Lead Generation 6 best places to buy real estate leads in 2024 Mar 18, 2024 By Megan DeMatteo, Meghan Thibault and Megan DeMatteo, Meghan Thibault We recommend the best places to buy real estate leads to give you a shortcut to the closing table.

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Marketing Brokerage Agents Closing 385