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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

It was the highest share of all-cash transactions recorded since 2014. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.

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San Francisco-based OWN Real Estate makes the leap to Keller Williams

Housing Wire

San Francisco-based real estate team OWN Real Estate joined Keller Williams , the company announced on Wednesday. Founded by Wilson Leung, the team has 19 real estate agents and six staff members. In 2022, OWN Real Estate sold 80 homes, amounting to more than $107.1

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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Top California indie team FresYes joins The Real Brokerage

Housing Wire

FresYes Realty , one of California ‘s top real estate agent teams, has left the indie ranks to join The Real Brokerage. Jason Farris and his 50-agent team were the top large team in California by sides in 2021, according to the RealTrends 2022 rankings. They recorded 539 transactions in 2021 worth $203.7

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A record year for real estate brokerage firms

Housing Wire

The 2021 real estate market was one for the ages: record low interest rates and housing inventory gave way to record high home prices and sales. Agents with RT500 firms had an average of 7.9 transactions per agent. The average number of agents per RT500 firm was 1,138, up from 1,025 last year. and sales volume.

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Christian Wallace joins Real as the chief of integrated home services

Housing Wire

2023, she oversaw business development, back-end operations as well as the partner real estate agent network. Wallace kicked off her real estate career in 2014, after working at FedEx as a regional sales manager for a decade. At Rocket Homes where Wallace worked from Feb. 2022 to Oct.

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Washington-based indy firm joins RE/MAX

Housing Wire

Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release. “The

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