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Report warns that percentage-based agent commissions could harm consumers

Housing Wire

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It. The issue is backed by academic research.

Agents 360
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

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?

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How to follow up with unresponsive clients without being pushy

Housing Wire

After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. However, some sellers had complaints. You want to build an authentic, personal bond with the client.

Clients 337
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Compass launches client-facing portal with listings, docs and more

Housing Wire

The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.

Clients 405
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Compass launches resort division for agents in vacation-home markets

Housing Wire

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 370
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How a luxury real estate agent fell for a listing scam

Housing Wire

We discussed the current market conditions and revisited the propertys previous listing history including that the last agent had failed to sell it, eventually pulling it off the market 60 days later. Unfortunately, the prior agents never reported the incident, allowing the scammer to attempt it again this time, through me.

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12 real estate thank you note templates to dazzle your clients

Housing Wire

It adds a personal touch and makes me stand out from all the other agents out there. Ill share my strategies and templates so youll be ready to write amazing thank you notes to your clients and stand out among the real estate agents in your area. Thank you for your professionalism; I can tell you truly care about your clients.