Remove 2012 Remove Real Estate Agent Remove Training
article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

article thumbnail

Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. In the book, Keller also mentions that each side in a real estate transaction gets an average of a 3% commission. I do believe training is essential.”

Training 459
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reverse mortgage veteran reflects on his career: ‘Everyone has a story to tell’

Housing Wire

Chris Clow/RMD: Jim, you were a real estate agent and then a forward mortgage professional before jumping into the reverse arena. In August 2004, I went out to Boston for a week of reverse mortgage training. However, eight or nine months later, in April 2012, MetLife also bailed out.

Mortgage 440
article thumbnail

Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

She also agreed that every HomeServices agent in Missouri is a member of the MLS and that the firm advocates for clear cooperation. In her testimony, she noted that training modules receive very few views. He also noted that the is no requirement that a real estate agent has to join the trade organization.

Law 459
article thumbnail

FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Real estate agents in particular understand local properties extremely well.

Appraisal 370
article thumbnail

How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

Most years that number is closer to 30%, said Ullmann, who’s been an LO since 2012. Nurturing referral partners, training agents Mortgage origination volume for 2023 are expected at around $1.64 About half of Ullmann’s production in 2023 came from VA and FHA loans as well as mortgages that require down payment assistance.

Business 459
article thumbnail

Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray.