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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Referral agent: A referral agent is a real estate agent who refers clients to other agents in exchange for a referral fee. citizen or legal resident and be 18 years of age or older. Now, it’s time to join a brokerage. Depending on the brokerage, agents may pay anywhere from $25-$500 per month to be a part of the brokerage.

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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

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.

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How to get a Colorado real estate license — Tips from a mega broker

Housing Wire

Continuously refer back to the exam topics. It protects you from potential legal claims that a mistake on your part caused someone financial harm. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

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Most agents felt prepared for the NAR settlement changes: Stephens

Housing Wire

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
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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

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.

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Side seeks to dismiss Texas copycat commission suit

Housing Wire

While many brokerages have made the decision in recent weeks to settle the commission lawsuits , white-label brokerage Side is taking a different tack. On Friday, the firm filed a motion to dismiss the QJ Team copycat commission lawsuit.

Brokerage 459
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Your listing, your lead: The principle driving Home.com’s agent-friendly portal

Housing Wire

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