Housing Wire

SEPTEMBER 18, 2024

The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. Perhaps the client wishes to make a purchase that isn’t in the agent’s geographical area or their wheelhouse of expertise. What are the benefits of referrals?

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

Housing Wire

MARCH 7, 2025

We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement. The CFPB alleged that between 2019 and 2024, the brokerage incentivized real estate agents to direct business to Rocket-affiliated companies.

Mortgage 221

Mortgage Real Estate Agent Insurance Clients 221

Housing Wire

NOVEMBER 21, 2024

As a real estate brokerage leader with decades of experience, I know firsthand that every connection counts, so having the right words at your fingertips is essential. With its smart CRM, automated follow-ups, and easy-to-use marketing tools, you’ll never miss a chance to turn potential sellers into clients. Give Market Leader a try!

Real Estate 370

Real Estate Real Estate Agent Sellers Clients 370

Housing Wire

OCTOBER 1, 2024

. “No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.” ” 12 U.S.C.

Agents 435

Agents Real Estate Real Estate Agent Brokerage 435

Housing Wire

JANUARY 23, 2025

Knowing this, real estate agents should always find friendly, conversational ways to stay on their potential clients minds year-round. As a bonus, postcards can also serve as a heartfelt extension of your gratitude for the working relationship with past clients.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

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. Many limited service brokerages have faced similar hurdles in their quest to disrupt the status quo.

Real Estate 459

Real Estate Brokerage Clients Realtors 459

Housing Wire

JULY 20, 2023

There have been numerous studies done on client retention over the years, and while the exact figures vary, most suggest that it can be anywhere from five to 25 times more expensive to acquire a new client than to keep an existing one. Set, and stick to, client retention goals. Repeat client business doesn’t happen by accident.

Clients 284

Clients Real Estate Open Houses Agents 284

Housing Wire

FEBRUARY 6, 2025

The Rayse platform is designed to make agent-client relationships transparent in an evolving real estate market. Agents can also use the platform from a marketing perspective to showcase their value to potential clients. It offers features such as buyer presentations, client portals and closing reports.

Client Relationships 221

Client Relationships Agents Technology Real Estate 221

Housing Wire

JANUARY 31, 2025

Continuously refer back to the exam topics. It can also give your clients peace of mind to know youve planned for any incidents. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims. However, hold off on paying this upfront.

Real Estate 338

Real Estate Brokerage Insurance Legal 338

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Law 435

Housing Wire

SEPTEMBER 6, 2024

And 90% of agents at what Stephens refers to as “traditional” brokerages — which includes firms like RE/MAX , Anywhere , Keller Williams , Compass and Douglas Elliman — reported being fully or somewhat prepared. A majority of agents (82%) reported that their brokerages either completely or mostly prepared them for the changes.

Agents 448

Agents Real Estate Agent Brokerage Realty 448

Housing Wire

NOVEMBER 15, 2024

Real estate license reciprocity means an agent or broker’s ability to get licensed and operate or practice in a new state, whereas real estate license portability refers to an agent or broker’s ability to conduct a single transaction across state lines. What is real estate license portability? Consider this more of a short-term solution.

Real Estate 370

Real Estate Training Agents Real Estate Agent 370

Housing Wire

JULY 20, 2023

A trustworthy Client Relationship Management (CRM) system is an important asset, allowing agents to effectively manage and track interactions with clients. Additionally, making a compelling weekly email newsletter using platforms like MailChimp keeps you relevant in the eyes of clients.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 417

Real Estate Valuation Brokerage Property Management 417

Housing Wire

JANUARY 22, 2025

Newhart allegedly attempted to disguise the kickbacks as stock sales and cash to referring real estate professionals. The buyers were unaware of the scheme.

Real Estate Agent 397

Real Estate Agent Mortgage Real Estate Brokerage 397

Housing Wire

AUGUST 14, 2024

He wanted to expand and switch the company to a brokerage model. Lamacchia highlights his ability to educate viewers through his relationships with Fox affiliates as a means to attract valuable attention from clients. “We He leveraged that commentary to scale his company and establish relationships with brokerages across the country.

Real Estate 446

Real Estate Marketing Brokerage Realtors 446

Housing Wire

DECEMBER 13, 2021

Lenders and search companies alike need to look for trusted agent partners to provide the client with the experience they deserve. All our agents have an incredible amount of accountability to each of our partners to make sure all clients have a world-class real estate experience.”. Technology plays a vital role in this.

Real Estate 448

Real Estate Real Estate Agent Agents Clients 448

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. ” Inman News first reported the planned license revocation. billion.

Insurance 459

Insurance Real Estate Agent Real Estate Brokerage 459

Housing Wire

OCTOBER 9, 2023

In 1983 Jim Campbell launched what is believed to be the first joint venture experiment between a real estate brokerage and a title and settlement firm. First, certain disclosures must be made to the consumers who are being referred. AI-generated image of two lawyers scrutinizing title insurance joint venture agreements.

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

JULY 30, 2024

But the buyer may not be represented yet and then the listing agent can earn a referral fee by referring the buyer to another agent in their brokerage to earn an additional commission. Of course, the agent receiving the referral is likely to return the favor generating future buyer agency commissions for the listing agent.

Agents 469

Agents Real Estate Agent Real Estate Buyers 469

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing.

Real Estate 370

Real Estate Brokerage Lending Clients 370

Housing Wire

FEBRUARY 27, 2024

Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. It remains unknown whether the court will grant any of these motions.

Realty 448

Realty Real Estate Law Brokerage 448

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. Gorman’s comments confuse me.”. Justice Department antitrust inquiry into NAR. Filed with the court on Nov.

Real Estate 418

Real Estate Brokerage Agents Real Estate Agent 418

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Of course, CAR is examining all of its options to make sure that data integrity and CAR’s high standards of privacy for its members and their clients are protected.”.

Agents 397

Agents Brokerage Real Estate Agent Realtors 397

Appraisal Buzz

FEBRUARY 4, 2025

real estate agents from various brokerages conducted by Ipsos between December 13, 2024, and January 8, 2025, found that approximately half (48%) of these agents believe that the average agent commission in their region has stayed relatively constant since the NAR settlement went into effect. A Redfin-commissioned survey of 500 U.S.

Agents 248

Agents Sellers Real Estate Agent Buyers 248

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 448

Real Estate Sellers Realtors Real Estate Agent 448

Housing Wire

JANUARY 19, 2021

Bob takes a huge amount of pride in the presentation and marketing of a property, and he works with clients personally from the pre-listing stage all the way through to the closing. He keeps his clients fully informed on listing and market activity throughout the process. To get more clients. Not in a million years. They’re not!

Real Estate Agent 476

Real Estate Agent Real Estate Agents Clients 476

Housing Wire

JULY 24, 2023

Today, the Massachusetts-based Cobalt Group has its core team of agents who operate as a traditional real estate team, but it also has other independent agents who work under the group’s overall umbrella, a key characteristic of what many in the real estate industry are now referring to as “teamerages.” That depends on who you ask.

Brokerage 370

Brokerage Agents Real Estate Training 370

Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. .” In the Sept. The $55 million is… laughably small. Practically speaking, the difference between an offer of $1 or even one penny and $0 is negligible,” he wrote.

Agents 435

Agents Brokerage Realtors Real Estate 435

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019. For example, Realfinity pays LOs 1.4%

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

FEBRUARY 26, 2024

and ensuring that potential clients have the reverse mortgage option visible is a key focus for Bruser. I’m working with a couple of brokerage firms on a multi-part agent training series,” Borg said. “I’ve Florida is already an extremely popular retirement destination in the U.S.,

Marketing 448

Marketing Business Training Clients 448

Housing Wire

OCTOBER 30, 2024

Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. A NAR advisory committee has recently refused to make a decision on CCP, referring the issue to its leadership team. Compass ’s plan for future success?

Real Estate 345

Real Estate Inventory Brokerage Agents 345

Housing Wire

SEPTEMBER 11, 2023

In the past, we’ve always been dependent upon the real estate brokerage community, referring us to deals as loan officers,” Watanasuparp said. But the client gets to benefit from that.” We plan to use bots in terms of automation for our disclosures.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

JULY 10, 2024

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Research market data Your work begins once you and your client have set an appointment to meet. What is their family size?

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 345

Real Estate Brokerage Property Management Buyers 345