Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. It shouldn’t surprise you that a sizable percentage of newer LOs and real estate agents are washing out in the current market.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

APRIL 16, 2024

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Brokerage 476

Housing Wire

JANUARY 25, 2024

If you’re a new broker or team leader you might not realize just how competitive recruiting was in 2023. The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Smart recruiters don’t sell on the first call. They listen.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. million per agent in 2022 to $2.5

Realtors 435

Realtors Inventory Agents Clients 435

Housing Wire

OCTOBER 31, 2024

Real estate agent commissions have held steady since August, but there’s a divergence at different price points. The data is derived from sales by Redfin agents who have closed a transaction in October or are scheduled to by the end of the month.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

Housing Wire

MARCH 18, 2024

Fast forward to today, and the national average home price checks in at $417,700 as of the fourth quarter of last year, with California coming in more than double that at $843,000, according to data from the California Association of Realtors. Or, they are going back to renting! year-over-year increase to 70,829.

Real Estate Agent 457

Real Estate Agent Housing Market Real Estate Agents 457

Housing Wire

AUGUST 22, 2024

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Notably, seven of the top 10 brokerages in 2023 were not in that group just ten years ago.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Together, BeachesMLS and MIAMI SEFMLS serve more than 103,000 real estate professionals.

Realtors 435

Realtors Real Estate Brokerage Agents 435

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. Mobile-friendly design: Like many of us, homebuyers are constantly on the go.

Real Estate 476

Real Estate Real Estate Agent Agents Tools 476

Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself.

Realtors 271

Realtors Buyers Real Estate Agent Appraisal 271

Housing Wire

APRIL 16, 2024

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.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5%

Marketing 417

Marketing Mortgage Loan Officers Real Estate Agent 417

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. District Court Northern District of Illinois Eastern Division before Judge Andrea R.

Real Estate Agent 458

Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

MARCH 26, 2024

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. The median real estate agent revenue sits at $60,000 per year. Bureau of Labor Statistics data.

Real Estate 476

Real Estate Real Estate Agent Agents Realtors 476

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. In a copycat suit filed last Friday in U.S. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.”

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 435

Renovations Realtors Construction Mortgage 435

Housing Wire

OCTOBER 17, 2024

Mark Spain Real Estate operates in Georgia, Tennessee, North Carolina, Florida, South Carolina and Texas. In 2023, the firm recorded 8,629 transaction sides for $2.8 In settling the commission lawsuit, Mark Spain Real Estate joins several other major industry players.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448

Housing Wire

JANUARY 17, 2023

plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023. A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business.

Mortgage 418

Mortgage Real Estate Real Estate Agent Realtors 418

Housing Wire

NOVEMBER 29, 2023

Ryan Levenson, who is the 2023 president of the East Tennessee Realtors’ Association , is a third-generation real estate agent, following his parents, Rich and Patti Levenson, into the business. 99 agent in Tennessee by sales volume in the RealTrends America’s Best rankings, closing 54.5

Realty 448

Realty Agents Real Estate Agent Real Estate 448

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. Each closed over 50 transaction sides in 2023. As of Sept.

Real Estate 469

Real Estate Agents Marketing Real Estate Agent 469

Housing Wire

SEPTEMBER 17, 2024

In a statement to HousingWire, Curbio said it had implemented many of the changes required in the settlement before the lawsuit was filed in November 2023, thus deeming the lawsuit “unnecessary.” Customers who believe they were wronged ultimately blamed their real estate agent for introducing them to Curbio.

Renovations 434

Renovations Realtors Real Estate Agent Contracts 434

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. Across all generations, the role of real estate agents also remains pivotal.

Marketing 526

Marketing Buyers Sellers Realtors 526

Housing Wire

AUGUST 14, 2023

The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool. The feature , published earlier this month, noted that Rocket embarked on a local LO hiring spree in 2023 to capture purchase market business from real estate agent connections.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

JUNE 21, 2024

West Penn MLS filed its motion to stay the case on Wednesday , noting that it has opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR).

Real Estate Agent 446

Real Estate Agent Realtors Real Estate Agents 446

Housing Wire

DECEMBER 4, 2024

The National Association of Realtors (NAR) may have had its home seller commission lawsuit settlement agreement approved , but that does not mean it is free from the homebuyer commission lawsuits. Last week, as Judge Stephen R.

Real Estate Agent 395

Real Estate Agent Realtors Real Estate Realty 395

Housing Wire

APRIL 12, 2024

Caldwell also noted the National Association of Realtors ’ settlement agreement , writing that “given the broad contours of this new settlement agreement and the changing landscape of the parties’ positions on centralization, we think it wise to deny centralization at this time. 31, 2023, and Dec.

Real Estate 455

Real Estate Real Estate Agent Realtors Realty 455

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 468

Mortgage Real Estate Agent Inventory Housing Market 468

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

Real Estate Agent 488

Real Estate Agent Agents Real Estate Buyers 488

Housing Wire

SEPTEMBER 5, 2024

mortgage market in 2023, up from 14.3% An accessible checklist on the FHA website would give home sellers, buyers, housing counselors, real estate agents and others a reliable source of information, according to the report. of the U.S. in 2022, according to HUD. ”

Buyers 475

Buyers Real Estate Agent Inspection Real Estate 475

Housing Wire

MAY 13, 2024

Compass is continuing to expand its presence in the Southeast, announcing Monday that Tennessee -based Parks Real Estate has merged with the firm This is Compass’ second major merger and acquisition deal in the second quarter of 2024. Parks Real Estate includes the Pilkerton Realtors brand and is led by CEO Hunter Connelly.

Brokerage 397

Brokerage Real Estate Agent Real Estate Agents 397

Housing Wire

JANUARY 27, 2023

Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers. The goal for the lender is to have half of its production volume come from investment properties in 2023 — up from the current 10 to 15%.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I I never had to work with realtors, but now I spend a lot of time working with realtors – supporting them and partnering with them,” Nguyen said in an interview with HousingWire.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

OCTOBER 20, 2023

The world of real estate is constantly in flux, yet one thing remains true: Lead generation is one of the most important requirements for maintaining a successful real estate business. Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5%

Real Estate 448

Real Estate Tools Open Houses Advertising 448

Housing Wire

AUGUST 23, 2024

The latest data reflected in the Agent Movement Index (AMI) for July 2024 indicates a notable shift in the real estate agent landscape, highlighting a cooling trend in agent movement and an emerging caution in the market.

Agents 434

Agents Marketing Real Estate Agent Brokerage 434

Housing Wire

DECEMBER 6, 2024

Real estate agents are no strangers to going out of their way to help their local communities. According to the National Association of Realtors (NAR) Community Aid and Real Estate (CARE) Report published in May, nearly 70% of all NAR members reported that they volunteered at least eight hours a month in 2023.

Realtors 370

Realtors Real Estate Real Estate Agent Agents 370

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 448

Agents Real Estate Agent Brokerage Realty 448