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

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.

Brokerage 444

Brokerage Real Estate Realtors Real Estate Agent 444

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 434

Brokerage Technology Agents Training 434

Housing Wire

NOVEMBER 14, 2024

Glover U Inner Circle Run by top agent and national coach Jeff Glover, this Facebook group is a great way to get a taste of the training GloverU offers for free. Brokerage-specific FB groups If you’re with a large, national brand, seek out Facebook groups within your company. Join Real Estate Mastermind 5.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Realtors 418

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 434

Brokerage Property Management Agents Real Estate 434

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

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

Training 435

Training Agents Real Estate Brokerage 435

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

Brokerage 397

Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

DECEMBER 27, 2024

This is an experienced agent or broker who provides leads, training, mentorship, support and other resources for the team members. These roles include: Buyers agents: These agents focus on helping clients purchase a new home. Team commission splits are typically lower than those of a traditional brokerage for an individual agent.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 370

Brokerage Mortgage Training Lending 370

Housing Wire

AUGUST 6, 2024

In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to several business practice changes, including a mandate that buyers sign a broker representation agreement prior to going on a home tour with their agent. And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

MARCH 3, 2025

Brokers you better be training your people correctly, so you don’t get a negligence or misinformation claim, Dwiggins wrote in another post. In a 2023 consumer survey , Zillow found that 91% of buyers believe they should be able to see all of their housing options for free and without barriers in a single location.

Legal 332

Legal Sellers Realtors Agents 332

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. ” What’s at stake?

Buyers 482

Buyers Brokerage Agents Realtors 482

Housing Wire

AUGUST 1, 2024

have been busy training and preparing to be ready for Aug. Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS. Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

MARCH 18, 2024

Honing new skills With the settlement agreement including terms like a mandatory buyer agency agreement and a ban on displaying offers of cooperative compensation via listings on the MLS, it is understandable that some agents would like more guidance from NAR on what these terms will look like in practice. More off-MLS listings?

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 493

Buyers Marketing Sellers Loan Officers 493

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models. million.

Agents 459

Agents Brokerage Training Business 459

Housing Wire

JULY 17, 2024

It means sellers’ agents and brokers should prepare to deal directly with the buyer of an REO property whenever possible going forward. Increasingly in post-foreclosure transactions, this is already being initiated by the buyer. Accordingly, it’s time for sellers’ agents and brokers to prepare to deal directly with buyers.

Real Estate 493

Real Estate Training Agents Buyers 493

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 445

Real Estate Brokerage Training Agents 445

Housing Wire

SEPTEMBER 27, 2024

This trend suggests that agents are increasingly less likely to consider switching brokerages as we head into the fall season. Impact of NAR’s new buyer agency rules : The implementation of new National Association of Realtors (NAR) rules around buyer agency appears to have frozen many agents in place.

Agents 431

Agents Brokerage Training Buyers 431

Housing Wire

SEPTEMBER 10, 2024

With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages. Their most customized, fully supported options are expensive, but they are perfect for teams and brokerages with established brands and lead nurturing systems in place.

Real Estate Agent 445

Real Estate Agent Real Estate Brokerage Agents 445

Housing Wire

JANUARY 4, 2024

Treble damages could result in the NAR and brokerages paying roughly $5.36 Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. The defendants have been ordered to pay damages of $1.78 ” “Transparency in commission structure.”

Brokerage 448

Brokerage Real Estate Training Buyers 448

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. Thankfully, 2024 is shaping up to be a much better year for recruiters.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents. It ranked No.

Real Estate 454

Real Estate Brokerage Agents Training 454

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Real estate agents : Real estate agents provided insights based on their direct interactions with buyers and sellers.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Housing Wire

AUGUST 21, 2024

Our family established Baird & Warner more than a century ago with a mission to serve buyers and sellers with transparency and integrity, and we’ve endured many changes in our industry during this time. Doing the right thing is easy in theory, but often the hardest in practice.

Real Estate 435

Real Estate Training Advertising Brokerage 435

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. The participants in the process are generally less emotional and far better trained or educated in the process than many of their counterparts (e.g. buyers and sellers) in a residential deal.

Brokerage 448

Brokerage Real Estate Investors Development 448

Housing Wire

DECEMBER 5, 2024

Offer training, mentorship, and career development plans to support long-term success. Delegate buyer showings, paperwork, and routine tasks to your team members. The key is offering not just a job, but a path for professional growth. Highlight success stories within your team to attract like-minded talent.

Real Estate 370

Real Estate Clients Development Tools 370

Housing Wire

MAY 14, 2024

We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. Even after navigating the climate of higher mortgage rates and a dearth of available listings, 82% of recent buyers had regrets about their purchase, Clever reported.

Real Estate Agent 488

Real Estate Agent Agents Real Estate Buyers 488

Housing Wire

JANUARY 31, 2025

Many brokerages offer a group E&O insurance policy and others may have additional requirements. Therefore, you should do your due diligence on your brokerage before investing in an E&O policy. I started my career as a buyers agent on a RE/MAX team. Does this brokerage offer the training and tools I need?

Real Estate 284

Real Estate Brokerage Insurance Legal 284

Housing Wire

FEBRUARY 28, 2021

The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs. By providing real estate brokers with real-time buyer data, they’re able to stand out against the competition.

Real Estate 448

Real Estate Valuation Brokerage Clients 448

Housing Wire

JUNE 4, 2024

The recent announcement of Homie’s decision to strip its brokerage services and end employment for its real estate agents has once again brought the discussion of alternative models in real estate to the forefront. I pondered how they could offer the assistance that buyers and sellers required at such competitive rates.

Real Estate 459

Real Estate Brokerage Clients Realtors 459

Housing Wire

SEPTEMBER 18, 2024

Agent-to-agent referrals aren’t as commonly mentioned in most real estate lead generation training courses as cold calling or door knocking. According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. They close, and Kathy’s brokerage receives a check.

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

AUGUST 15, 2024

While it might seem incredibly complicated to guide both owned brokerages and franchisees through the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , Anywhere Real Estate views having both models under its umbrella as a blessing. The first is simplicity.

Brokerage 435

Brokerage Agents Legal Buyers 435

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? In our Tennessee form, that clause boils down to paragraph 3.E.

Agents 435

Agents Training Buyers Law 435

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. We don’t want people unrepresented.”

Law 433

Law Agents Brokerage Buyers 433