Housing Wire

OCTOBER 15, 2024

This is especially true when various MLSs, brokerages and agents are taking their own approaches to dealing with the business practice changes. As Sharran Srivatsaa , the president of The Real Brokerage , sees it, there are two primary agent camps right now. Would sellers suddenly stop offering buyer’s agent compensation?

Real Estate 448

Real Estate Brokerage Sellers Agents 448

Housing Wire

DECEMBER 12, 2024

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). Co-owners Gloria Grimshaw and David Callahan acquired the brokerage from founder Lucille Jordan in 2007.

Real Estate 369

Real Estate Brokerage Agents Realty 369

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

OCTOBER 17, 2024

In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). JA: With agent commissions poised to drop, a recent study showed that many brokerages would not be profitable at lower rates.

Real Estate 459

Real Estate Brokerage Agents Real Estate Agent 459

Housing Wire

MARCH 10, 2025

Now, as brokerages experiment with private listing networks (PLNs) and MLS s push back, another fight has emergedwho should control where and how listings are shared. But because AI is about to reshape how buyers and sellers interact with listings entirely. Brokerages hoard exclusive listings to drive traffic to their own sites.

Realtors 348

Realtors Real Estate Brokerage Agents 348

Housing Wire

NOVEMBER 20, 2024

As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes. million members in 2025, at 8% smaller decline than many had expected.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

Housing Wire

OCTOBER 31, 2024

What has changed for real estate brokerages since then? 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. “I’m Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so.

Real Estate 448

Real Estate Brokerage Agents Training 448

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same.

Brokerage 448

Brokerage Training Real Estate Real Estate Agent 448

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Housing Wire

OCTOBER 28, 2024

It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. Monestier’s objection also looks at the required buyer representation agreements.

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Although this news is positive for agents and brokerages that need the revenue to support their already tight margins, they appear to be anticipating a shift to slightly lower commissions.

Sellers 511

Sellers Buyers Agents Brokerage 511

Housing Wire

DECEMBER 3, 2024

Once the process starts, nearly half of home buyers report shedding tears at some point. Fortunately, home buying doesn’t have to remain confusing for new buyers. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments. How much home can I afford?

Tools 397

Tools Finance HOA Property Taxes 397

Housing Wire

DECEMBER 11, 2024

According to a company statement, this move will strengthen the brokerage’s presence in the Carolinas. United President Rick Haase credited United Queen City for driving this expansion with excellent management practices and brokerage growth. For-sale inventory is up 17.1% in the state compared to a year ago.

Real Estate 369

Real Estate Brokerage Agents Realty 369

Housing Wire

OCTOBER 15, 2024

Title valuation , brokerage and consulting services firm Title Success, which is powered by Bowe Digital , announced Monday that it has launched a newly designed website. Buyers looking to expand their agency’s footprint can easily access a vetted network of companies eager to sell.”

Business 434

Business Design Insurance Valuation 434

Housing Wire

OCTOBER 15, 2024

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant.

Brokerage 434

Brokerage Sellers Realty Realtors 434

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

NOVEMBER 11, 2024

It lets buyers see all of their options,“ Samuelson said. “If But the cool response Reffkin received during the panel would suggest fewer agents than his brokerage believes are actually supportive of changing the policy. I think when we talk about consumers, we often talk a lot about buyers and not enough about sellers.

Sellers 370

Sellers Brokerage Agents Buyers 370

Housing Wire

MARCH 6, 2025

You achieved incredible growth to become one of the largest independent brokerages in Colorado. How do you really see it impacting brokerages and agents now and over the next five years? I’d like to have more of a conciergelevel of service over a full-service brokerage.” Velt: You founded Your Castle in 2004.

Buyers 255

Buyers Brokerage Real Estate Real Estate Agent 255

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The VA said it will develop a more permanent policy “as the real estate brokerage market restabilizes and new practices take hold.”

Buyers 523

Buyers Real Estate Real Estate Agent Brokerage 523

Housing Wire

AUGUST 22, 2024

.” The company noted that if it had “been allowed to compete with Defendants and their co-conspirators, it would have gained market share at Defendants’ expense while posing a competitive check on Defendants’ ability to charge exorbitant prices for brokerage services to consumers.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

AUGUST 15, 2024

The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them.

Brokerage 448

Brokerage Training Agents Clients 448

Housing Wire

NOVEMBER 13, 2024

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

Agents Marketing Luxury Properties Real Estate 370

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. It created a buyer representation certificate for agents. Hanna said this led the company to revamp some of its agent education.

Real Estate 370

Real Estate Brokerage Agents Buyers 370

Housing Wire

JUNE 18, 2024

Invariably, these same articles classify all real estate brokerages and models as identical. Perhaps there are internal policies within some of the companies that are standardized, but the categorization of all brokerages as identical showcases the ignorance of the author. That’s a 20% reduction in revenue for the brokerage.

Brokerage 459

Brokerage Real Estate Agents Clients 459

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

SEPTEMBER 3, 2024

As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. 17, the firm launched an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.”

Brokerage 468

Brokerage Agents Real Estate Real Estate Agent 468

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

SEPTEMBER 23, 2024

The Real Brokerage has expanded its footprint into the Richmond, Virginia , area. On its second-quarter 2024 earnings call, the brokerage reported adding almost 3,000 agents between April and June, up 70% from the same period last year and up 250% from Q2 2022. Real has been on a tear lately in adding agents.

Brokerage 448

Brokerage Agents Real Estate Finance 448

Housing Wire

NOVEMBER 30, 2024

There’s been multiple studies showing that compensation is starting to decrease — especially on the buyer’s agent side. We don’t know if agents are signing buyer representation agreements before they show property. The lack of training and guidance by brokerages is horrible.

Real Estate 370

Real Estate Training Agents Brokerage 370

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It This will leave the professional, high-performing agents to take care of the buyers who wish to have representation. 17 — are top of mind. Tomasello asked. ”In

Brokerage 448

Brokerage Business Agents Buyers 448

Appraisal Buzz

OCTOBER 31, 2024

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. In relatively competitive housing markets, agents are seeing more negotiation over who pays the buyer’s agent, and how much they are paid.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

AUGUST 7, 2024

The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” which was filed in the Batton 1 suit that consists of the same plaintiffs but a different group of brokerage defendants.

Brokerage 448

Brokerage Realtors Real Estate Buyers 448

Housing Wire

AUGUST 5, 2024

Brokerage stocks were especially mixed. The Real Brokerage and Anywhere fell by 5.2% But of course there’s still a large cohort of buyers (like Boomers and empty-nesters) that buy off cycle.” Rocket Mortgage, which has a huge refinance business, added 3% in value. loanDepot rose 2.3% RE/MAX shed 4.7% gain) and Compass (0.6%

Brokerage 488

Brokerage Marketing Real Estate Mortgage 488

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

Brokerage 476

Brokerage Agents Realtors Real Estate 476

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

Sellers 468

Sellers Buyers Agents Advertising 468