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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%.
The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. 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.”
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.
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.
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 Realtorsbuyers and sellers interviewed, 80% have interviewed only one agent. And that’s true.
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.
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.
So, let’s start with the basics: What is a real estate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do?
While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Join Lab Coat Agents 2.
After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.
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’sagent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.
Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. Additionally, RealComp II , which is a “software company that manages the MLS and regulates the use of the MLS by brokers and agents,” is also a named defendant.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.
But because AI is about to reshape how buyers and sellers interact with listings entirely. Search portals charge agents to participate in a system that resells their own leads back to them. Nobody is harmed if AI aggregates listings from multiple sources, sharing them directly with buyers. Agents will always need new business.
Alabama governor Kay Ivey has signed into law a bill that ensures homebuyers only have to sign a buyer brokerage agreement prior to submitting an offer on a property and not before touring a home with an agent. Ivey signed the bill into law on Tuesday after it passed the state Senate earlier this month.
Some Realtors mentioned how they only had time to pack a bag. Velt follows up with a question on Realtors outside the area targeting the Palisades after the wildfires. Are you getting a lot of calls from Realtors in other areas? There is agent behavior that I have found to be despicable. They were Palisades agents.
The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5
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.
From luxury property tours to laugh-out-loud real estate memes, these 21 agents and influencers bring the best of the industry right to your phone. Whether you’re an agent, a real estate investor or just love stunning homes, these real estate Instagram accounts are a must-follow. Thats where The Broke Agent comes in!
Home staging is your chance to transform a property into a home that buyers cant wait to get their hands on. As an agent, you know a beautifully staged home turns into a sold one. Buyers want to be able to see how a home will work for them. Why is home staging important? Make a strong first impression 1.
(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. As Sharran Srivatsaa , the president of The Real Brokerage , sees it, there are two primary agent camps right now.
Fannie Mae and Freddie Mac will not count buyer’sagent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Next, we hope Fannie will provide a similar framework for buyers.
31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. 15, recording the responses of roughly 300 agents across North America. 15, recording the responses of roughly 300 agents across North America. 30 and Sept. 30 and Sept.
Another agent was asking for an open house on the condo for the 3rd weekend in a row. I have tried being a solo agent, team, and everything in between, but lets face it the market is tough right now. I have tried being a solo agent, team, and everything in between, but lets face it the market is tough right now.
The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. Here is an example of how that might work.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.
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. NAR has also advocated for the VA to change its rule around buyer broker compensation.
Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyeragents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.
These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in real estate. Nearly three-quarters of Hispanic and Black sellers reported that their agent recommended using a private listing network, compared to only 24% of white sellers.
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. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.
31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. For us, probably the biggest change has just been a refocus on the engagement that our agents have with the consumer at the inception of a real estate transaction,” Kelly said.
Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.
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.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
The role of the buyer’s agent has been turned on its head and Lone Wolf Technologies wants to help. The real estate software company is launching a “Buyer’sAgent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training.
In the newest episode of the “Real Estate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a real estate broker, trainer and veteran agent at Keller Williams Capital Properties. So, in having conversations with new agents, they’re learning the right way. Vision Course.
Wacksman: That’s the Zillow app for a buyer and a seller. What does the buyer or seller want? Robinson : How would you help agents understand how you are positioning your technology for the good of the industry and for the good of the agent? One has to keep up with where the buyer and seller is going.
According to a recent Redfin analysis, the average buyersagent commission for properties sold in Q4 was 2.37%. When the regulations come into effect on August 17, the average buyersagent commission dropped from 2.38% in July to 2.35% in August. A Redfin-commissioned survey of 500 U.S.
Interior property data company CubiCasa announced the launch of an interactive touring product for listing agents. CubiCasa President Jeff Allen stresses how difficult it can be for most agents to create an engaging home tour. Agents also have the freedom to integrate parts of their new property tour with existing listings.
housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.
The proposed settlement between the National Association of REALTORS ( NAR ) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage.
In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS.
These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyeragents, potentially bringing costs down.
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