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The role of the realestateagent 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. This was unambiguous among homebuyers.
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional realestateagent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional realestateagents are still the best option and 6% favor discount agents.
While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for realestateagents 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.
Commissions paid to realestateagents 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’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.
As an agent, you know a beautifully staged home turns into a sold one. Its important to communicate to your sellers the value of home staging for realestate by taking out the personalization of the home while keeping the home’s personality and what makes it unique. Pro Tip Dont leave the cleared-out spaces blank.
AgentCoach.AI , an AI-powered realestate coaching company, is launching a new training platform for realestateagents. The new platform will leverage specialized training bots to help agents prepare for business. Productivity tools are also available to keep agents on track. said in a statement.
So, let’s start with the basics: What is a realestate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of realestate professionals, including a realestateagent and a realestate broker. Summary What is a realestateagent?
Understanding that realestate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. This year’s inaugural rankings feature agents and teams from 50 cities across the U.S., However, Leading RE agents and team bested the sales volume.
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.
While many agents are all-in on Instagram, TikTok, or YouTube, theres another social media platform thats incredibly powerful: LinkedIn. Using LinkedIn for realestate is a hidden gem for connecting with local business professionals. Related article How to write a lead-winning, memorable realestateagent bio (+ examples) 2.
-based Consumer Policy Center (CPC) warns that the common practice of percentage-based realestate 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.
A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever RealEstate. That will likely make it a busy year for realestateagents.
According to HomeLight ‘s Top Agent Insights report released this week, realestateagents are feeling this and are being forced to switch up tactics to attract buyers. HomeLight is an Arizona -based realestate platform designed to connect agents with clients. 30 and Nov. 30 and Nov.
An expensive housing market doesn’t necessarily translate into a lucrative one for realestateagents. That’s according to a new report from Clever RealEstate , a company that connects homebuyers and sellers with agents. in terms of how friendly they are to agents. of the overall rating.
Realestate referrals are the lifeblood of most top producers’ businesses. This is evident when you ask any highly successful agent where they find their clients. That’s wonderful and something to be admired, yet I’ve had many agents who are earlier in their careers ask me HOW these agents built this referral machine.
Realestateagents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. I always think demand comes before supply in this situation,” said Redfin agent Justin Vold, who is based in Los Angeles. “If
Redy , an online marketplace that rewards home sellers for selecting a realestateagent who best aligns with their sales goals, announced its launch in five markets on Tuesday. The Redy online platform is now available to home sellers in Atlanta , Dallas , Orlando , Phoenix and San Diego.
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. Younger millennials (90%) were the most likely to use an agent.
Rocket Companies has announced that it has entered into an agreement to purchase digital realestate brokerage Redfin in an all-stock transaction for a value $1.75 Founded in 2004, Redfin operates a home search platform with more than one million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.
NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market. Role of agents Eighty-eight percent of buyers used a realestateagent to purchase their home, with younger millennials the most likely to do so (90%).
Watch any of the glamorous pseudo-reality realestate shows on TV, and you might be tempted to become a part-time realestateagent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. In my first few years in realestate, I regularly logged 50+ hour weeks.
In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by realestate technology firm Clever RealEstate.
While they may not be as trendy as they once were, a well-crafted realestateagent Facebook page is still the best way to generate leads on social media. Your Facebook page can help you build your personal brand, network with other agents across the country (hello, referral partners!)
The realestate market is constantly shifting, and today’s market calls for agents to return to the more tried-and-true marketing strategies. In this article, we’ll take a look at why digital sign-in sheets matter and how savvy agents are using them to maximize their lead-generation strategies.
In a world enamored with all things digital and AI , one would think that realestateagents don’t serve any purpose, but it’s totally untrue. Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the realestate industry.
In my circle, I hear this often about realestateagents as well (“They hardly do anything and get 6%!”). In a later article, I will devote pages and vent my spleen at those who thus insult teachers and farmers, but here I will do so in favor of the much maligned realestateagent. Is this fair?
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” Since the new terms went into effect nationwide on Aug.
In the newest episode of the “RealEstate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a realestate broker, trainer and veteran agent at Keller Williams Capital Properties. This conversation has been edited for length and clarity. 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.
Predictive analytics in realestate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Realestateagents can use this data to identify motivated sellers and people who are likely to buy a home.
So read through these realestate statistics, commit them to memory and use them as fuel in your realestate conversations. Why are realestate statistics important for agents? The market action index is 37, indicating that there is a slight seller’s advantage.
While some in the realestate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI realestateagent.
As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their realestateagents , but the rapidly rising cost of insurance premiums is changing that. The rate increases are dramatic,” said Thompson, who previously worked as a Keller Williams agent for 17 years.
The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. This choice is allegedly removed due to NARs Clear Cooperation Policy , which requires agents to list the property on the MLS within 24 hours of marketing it.
According to a recent Redfin analysis, the average buyers agent commission for properties sold in Q4 was 2.37%. When the regulations come into effect on August 17, the average buyers agent commission dropped from 2.38% in July to 2.35% in August. A Redfin-commissioned survey of 500 U.S.
In addition to all the benefits of a traditional home sale, our customers gain access to multiple sales pathways tailored to their unique situation, support from a local realestateagent and our dedicated Concierge team, a curated nationwide buyer network, and much more.
Valon’s platform — the first of its kind to provide end-to-end mortgage servicing — was designed to boost efficiency and transparency for home buyers and sellers. Clever RealEstate also partners with Valon to match buyers and sellers with local realestateagents who offer cash rebates, commission discounts and other products.
Agents, Lenders Assist Purchasers During Complex Homebuying Process With 86% of all purchasers using their services—the most of any information source—realestateagents were vital to the homebuying process. The most helpful source of information during the house hunt was the agents themselves.
Economic uncertainty also plays a role in sellers’ hesitation, with 29% saying they would delay selling in the event of a major downturn. Nearly half of respondents said they would feel more secure selling if they had already secured a new home (45%), received a cash offer (44%), or were working with a trusted realestateagent (43%).
To help you find the best realestate website builder for your needs, our team of agents, brokers, and tech experts researched and ranked the best realestate website builders for 2024. Instead of learning to code or wrestling with WordPress, you can get your website up and running in an afternoon.
For Linda O’Koniewski , the broker-owner of Leading Edge RealEstate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. The seller basically told them to drop dead,” O’Koniewski said. “So,
Realestateagent commissions have held steady since August, but there’s a divergence at different price points. The data is derived from sales by Redfin agents who have closed a transaction in October or are scheduled to by the end of the month. Redfin agents say the biggest difference since Aug.
Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. To find the listings right now you need to find the sellers that have to move. Who are the must sell sellers? My suggestion is to choose 1 area of the must-move seller opportunities I have shared.
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. For the most part, that hasnt happened. That can take many forms.
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