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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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Home sale cancellations hit record high in January

Housing Wire

With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Im seeing more homebuyers back out of deals than usual, and Im hearing the same from other agents and mortgage lenders in the area, said Sam Brinton, a Redfin Premier agent in Salt Lake City. Las Vegas 17.9% Houston 17.8%

HOA 374
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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. Funny you should ask.

Agents 435
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Pending Home Sales Falling Through at Record Rates as Buyers Recoil From Sticker Shock

Appraisal Buzz

of homes that went under contract that month, up from 13.4% As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house. One in seven pending home sales in the U.S.

Buyers 273
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How L.A.’s Wildfires Are Impacting the Housing Market 

Appraisal Buzz

Redfin agents say would-be homebuyers and sellers in the Palisades and Altadena have adopted a wait-and-see approach. Many homeowners kept their homes off the market because they were worried values would diminish, and some house hunters canceled contracts because they were nervous about insurance costs and potential future fires.

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How agents are winning bidding wars in America’s most competitive markets

Housing Wire

” With the suburbs seeing record volume , agents and brokers like Harrison, who runs Compass’ operations in Westchester alongside her husband Zach, are counseling their clients on how to prevail in a fierce bidding war. Vickie Mox, an agent with RE/MAX Dallas Suburbs , covers the Collin County area, north of Dallas.

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