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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 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.

Agents 501
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Making offers of buyer broker compensation is a tricky puzzle to solve

Housing Wire

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. The previous system guaranteed buyer agent payment through MLS enforcement.

Buyers 428
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Buyers backing out of purchase agreements at elevated rates: Redfin

Housing Wire

of homes that went under contract. Buyers are getting more and more selective,” Redfin agent Julie Zubiate said in a statement. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. But it’s not the highest percentage ever.

Buyers 436
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Opinion: The death of common sense sparks leadership opportunities in real estate

Housing Wire

Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. Instead, it stems from the need to formally consult and contract with potential buyers before opening any doors. I’ve had a front-row seat to these changes.

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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195
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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. I’ll explain later.) Rate buy-downs are another option I recommend in this market.

Agents 414