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Can my agent get a better deal than others? The data says probably not

Housing Wire

The landmark antitrust lawsuit settlement agreed to by the National Association of Realtors (NAR) in March has put the practices of real estate agents in the spotlight for both regulators and clients alike. Now, with agent commissions starting to decline, agents naturally want to convey the value of their services to buyers and sellers.

Agents 488
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Working with buyers in the nation’s hottest housing market

Housing Wire

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Real estate commissions, brokerage models, and the consumer

Housing Wire

It does not reveal the actual commission paid by the seller at the closing table. On an 80/20 split the agent would receive $8000 (80%), and the brokerage would take $2000 (20%). All of it negotiated directly and transparently between the agent and the client with zero interference from the brokerage. Yeah, that’s scientific.

Brokerage 459
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Why the US MLS system is the envy of other countries

Housing Wire

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 997 American Mortgage Mortgage 594% 2019 A 100% employee-owned company providing solutions to mortgage industry challenges, which benefit clients and employees.

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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. 30-Year Fixed Mortgage Rates from 2000 to today. Check out this video of the world’s only sourdough library! Pretty cool! Others have expressed concerns that we are headed for a housing crash, like in 2008.

Inventory 243
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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Does Illinois have real estate license reciprocity with any other state?