Housing Wire

AUGUST 7, 2024

During its second-quarter 2024 earnings call on Wednesday, the company said it added almost 3,000 agents from April through June, a 70% year-over-year rise and a 250% increase compared to Q2 2022. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement. Gross profit came in at $31.9

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Brokerage Agents Technology Housing Market 466

Housing Wire

JULY 26, 2024

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.

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Tools Buyers Agents Contracts 456

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA.

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Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

AUGUST 20, 2024

Keller Williams is doing its best to live up to its reputation as a brokerage firm heavy on agent education. On Monday, the firm announced the launch of an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.” I really wanted to meet people where they are,” Abrams said.

Agents 459

Agents Real Estate Agent Brokerage Real Estate 459

Appraisal Buzz

OCTOBER 31, 2024

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.

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Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. I always think demand comes before supply in this situation,” said Redfin agent Justin Vold, who is based in Los Angeles. “If

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Real Estate Agent Real Estate Agents Buyers 466

Housing Wire

SEPTEMBER 30, 2024

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.

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Agents Real Estate Agent Real Estate Sellers 471

Housing Wire

SEPTEMBER 3, 2024

“Most of the confusion we are seeing is from agents who don’t understand what has happened and even broker-owners who don’t understand changes have occurred.” Living up to its legacy Keller Williams is a franchise known for its agent education efforts. In the days immediately following Aug.

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Brokerage Agents Real Estate Real Estate Agent 433

Housing Wire

SEPTEMBER 23, 2024

Nicole Reed Real Estate & Associates is joining Real, bringing an eight-agent team that serves not only Richmond but the Virginia markets of Fredericksburg, Charlottesville and Hampton Roads, in addition to Atlanta. Real has been on a tear lately in adding agents. Today, Real has more than 16,000 agents.

Brokerage 447

Brokerage Agents Real Estate Finance 447

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

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Agents Buyers Real Estate Agent Sellers 436

Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. in buyer’s agent compensation, down 0.13% from the average prior to the business practice changes.

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Real Estate Agent Real Estate Agents Buyers 443

Housing Wire

SEPTEMBER 12, 2024

In fact, Charlotte’s continued growth and relatively limited inventory have intensified the race to secure listings and represent buyers, putting a spotlight on top-performing agents with the ability to deliver results to buyers and sellers alike. In this type of environment, the cream rises to the top. million in annual sales.

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Real Estate Agents Real Estate Agent Sellers 406

Housing Wire

NOVEMBER 5, 2024

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. This was unambiguous among homebuyers.

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Real Estate Agent Real Estate Sellers Agents 385

Housing Wire

JUNE 25, 2024

If real estate brokerages fail to make changes to their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH.

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Brokerage Agents Realtors Real Estate 459

Housing Wire

AUGUST 19, 2024

But even though O’Koniewski and her agents have spent months preparing for these changes, she said the date did not come without a sense of trepidation. “I Not that individual agents might be struggling or running into things, but I haven’t seen or heard any horror stories or anything awful yet.” I know quite a few agents it hurt.

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Agents Sellers Realty Buyers 462

Housing Wire

NOVEMBER 13, 2024

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes.

Agents 351

Agents Marketing Luxury Properties Real Estate 351

Housing Wire

OCTOBER 9, 2024

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. eXp is one of a few national brokerages that are adding agents and teams at a rapid pace.

Realty 436

Realty Agents Brokerage Real Estate 436

Appraisal Buzz

OCTOBER 29, 2024

USRES’s end-to-end REO asset management services simplify these processes, reducing the administrative burden on agents. This valuation type includes a comprehensive property data collection (PDC) by a RES.NET agent, enhancing the accuracy of property valuations and potentially speeding up the transaction process.

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Real Estate Agent Real Estate Agents Valuation 356

Housing Wire

MAY 6, 2024

Despite all of the changes Abel anticipates will occur he said he firmly believes that the real estate agent will remain “an important part of these transactions.” “It ” He also shared that he has never negotiated down an agent’s commission, despite his last home sale fetching an over $7 million price tag.

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Real Estate Agent Real Estate Agents Realtors 494

Housing Wire

AUGUST 28, 2024

But there was no anxiety inside the Kay Bailey Hutchison Convention Center, the cavernous venue hosting the summit that feels almost cramped due to the hundreds of real estate agents at the event. Instead, agents view the rule changes as an opportunity to better serve their buyers and sellers. It just doesn’t. So I love that.”

Agents 447

Agents Real Estate Realty Real Estate Agent 447

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

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Real Estate Agent Real Estate Agents Modernization 451

Housing Wire

DECEMBER 4, 2024

Following this move, 150 agents are joining Real’s platform and strengthening its presence in ROVI’s areas. CEO Steve Rovithis founded the company to offer agents and clients alternative methods to “traditional franchise models.” Steve Rovithis ROVI Homes arrived on the scene in 2015.

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Agents Brokerage Real Estate Technology 370

Housing Wire

DECEMBER 19, 2024

The move will add 400 agents to Real’s network and strengthen its presence in Las Vegas’ luxury real estate scene. Tina Urban Nest started operations in 2012 with a strong focus on putting agents first, Real explained. And in November, Real added the 400-agent team at Amerivest Realty. billion in 2023. .

Brokerage 380

Brokerage Realty Agents Real Estate 380

Housing Wire

DECEMBER 23, 2024

RE/MAX frequently touts the experience and productivity of its agents, 135 of which made the 2024 RealTrends Verified + Tom Ferry The Thousand more than any other brokerage. In 2025, however, the real estate franchisor is looking to welcome in and foster the next generation of top agents.

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Agents Tools Technology Brokerage 306

Housing Wire

OCTOBER 24, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. One constant has been questions over agent commissions , which were at the center of the legal battle. If both agents and consumers anticipate that commissions will decline, that belief could lead to reality, in our view.”

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Agents Real Estate Sellers Brokerage 428

Housing Wire

OCTOBER 1, 2024

The role and value of real estate agents has come under scrutiny since the National Association of Realtors (NAR) settled a bevy of antitrust lawsuits related to offers of agent compensation on Realtor-owned multiple listing services (MLSs). What we want to do is be able to bring to light everything the agents are actually doing.”

Agents 424

Agents Real Estate Agent Real Estate Brokerage 424

Housing Wire

AUGUST 5, 2024

While brokers across the country agree that they and their agents will no longer be advertising an offer of buyer broker compensation for any listing on the MLS, that is where the similarities end, as it seems each broker is taking a slightly different tact.

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Sellers Buyers Agents Advertising 446

Housing Wire

AUGUST 22, 2024

According to their announcement, the three veteran agents plan to grow the team throughout the southeastern U.S. . “They embody the spirit of homegrown leadership and community service, and we’re excited to see them grow their business with us.” The newly formed team currently has more than $350 million in active and pending listings.

Agents 445

Agents Real Estate Brokerage Clients 445

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? You have to make sure you are on the same page.”

Clients 446

Clients Agents Buyers Sellers 446

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

Agents 406

Agents Marketing Sellers Buyers 406

Housing Wire

SEPTEMBER 13, 2024

At the recent Keller Williams Mega Agent Camp , the shaky economy was a common topic of conversation. Whether you believe these predictions or not, agents need to start preparing — yesterday — to avoid washing out the next time a recession hits. As a top-producing agent during the 2008 recession, I was unprepared.

Agents 444

Agents Real Estate Real Estate Agent Sellers 444

Housing Wire

DECEMBER 6, 2024

Brokerage giant eXp Realty is adding a superstar agent to its ranks. The company announced the recruitment of Phoenix -based agent Joshua Smith, a high producer who closed 297 transactions in 2023. Smith is the latest addition to eXp Realty’s expanding global agent network. agents by the The Wall Street Journal.

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Realty Agents Real Estate Brokerage 316

Housing Wire

OCTOBER 28, 2024

In an environment where technology is increasingly becoming a recruitment tool for brokerages, eXp Realty has partnered with a data provider in an effort to give its agents an advantage over the competition. This strategic relationship allows us to extend these successful strategies to all our agents and teams at no additional cost.”

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Realty Agents Brokerage Tools 329

Housing Wire

NOVEMBER 4, 2024

The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform. Amerivest was built on the foundation of empowering agents with the tools and technology to succeed,” he said.

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Realty Agents Brokerage Tools 379

Housing Wire

SEPTEMBER 25, 2024

With the affiliation of the RealD2D Team, Real is adding 40 agents to its footprint in 13 different states, providing the company with the relatively rare opportunity to expand in more than one metropolitan area. RealD2D is led by agent and coach Duane Richins, who brought a unique background to his real estate career that began in 2016.

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Brokerage Agents Client Relationships Real Estate 397

Housing Wire

SEPTEMBER 2, 2024

As these shifts unfold, real estate agents face both challenges and opportunities. Amplify buyer representation Buyer agents will be among the first to feel the impact of these changes. Working together with other agents can open new opportunities and stabilize your business during market fluctuations. Transparency is key.

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Real Estate Agents Marketing Real Estate Agent 433

Housing Wire

NOVEMBER 22, 2024

The real estate market is constantly shifting, and today’s market calls for agents to return to the more tried-and-true marketing strategies. In this article, we’ll take a look at why digital sign-in sheets matter and how savvy agents are using them to maximize their lead-generation strategies.

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Open Houses Agents Real Estate Tools 337