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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

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. Our agents see that as a positive, as it encourages more communication upfront and increases transparency around fees.”

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Combating the Financial Hurdles of Homeownership… With Roommates?

Appraisal Buzz

Gen Z homebuyers are paving a unique and cooperative route to homeownership as they face a difficult financial environment characterized by large student loan debt, expensive down payments, and rising real estate costs. This is according to new CoreLogic research , with additional insight from business executive Praveen Chandramohan.

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Real estate coach Skye Michiels on why sell-side commissions might rise and new models could emerge

Housing Wire

Michiels , the former head of coaching at Compass who now runs his own real estate agent coaching firm, With Heart Coaching , said the first six months are going to determine how agents adjust to the many variables. Kleimann: What are you advising seller’s agents and buyer’s agents about the changes?

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Understanding the Law of Diminishing Returns in Pricing: A Guide for Real Estate Agents

Birmingham Appraisal

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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My Top 11 Tips For Realtors When Choosing Comps

Birmingham Appraisal

In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced. Using sales that are inferior, similar, and superior to the subject in some aspect constitutes bracketing.

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Why Agents Should Share Their CMA With The Appraiser

Birmingham Appraisal

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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The Pitfalls of Outlier Sales in Pricing a Listing

Birmingham Appraisal

The market area that the property is located in can definatley support the price but does the price truely reflect the market value of that specific property or does it reflect what a super motivated buyer with available funds is willing to pay? For buyers, it could mean a potential bargain. There is a difference.