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Here’s what buyers and sellers want from their real estate agent

Housing Wire

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. Help negotiating with buyers registered at just 13%.

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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyersagents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. Advocates also argue that buyers will benefit from “reduced home prices.”

Buyers 321
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Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional real estate agents are still the best option and 6% favor discount agents.

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More first-time buyers rely on mortgage rate buydowns to afford homes

Housing Wire

According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers. HomeLight is an Arizona -based real estate platform designed to connect agents with clients. 30 and Nov. 30 and Nov.

Buyers 481
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Illinois Realtors’ leaders discuss market challenges and growth opportunities

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. Choi: If you look at how many Realtors buyers and sellers interviewed, 80% have interviewed only one agent. And that’s true.

Realtors 436
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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. The meeting focused on the implications for Black homeowners and agents. Several Black agents with personal and professional ties to heavily impacted neighborhoods in Altadena also attended.

Realtors 344
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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit. And that is positive.

Legal 365