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Where real estate agents fit into Zillow’s grand vision

Housing Wire

Also, we figured they would wake up one day, and say, ‘Hey, we’re a brokerage.’”. Zillow, for years, made money selling leads to real estate agents, a practice that agents like Herrera already felt ambivalent toward. The post Where real estate agents fit into Zillow’s grand vision appeared first on HousingWire.

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Exclusive: Douglas Elliman bets big on visual AI property search

Housing Wire

Heres why I believe AI-powered image search and property curation just might be the future of property search for brokerages. Why ChatGPT-style search falls flat for luxury real estate: The salon problem Dont get me wrong; Zillows ChatGPT-style search is a near miracle of technology that helps people find what they want faster.

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Real estate agents hold breath on commission disclosure

Housing Wire

But the session did not reach a looming inflection point for real estate agents: Whether they must tell homebuyers what commission percentage they stand to make. At issue is unprecedented transparency required out of real estate agents. HousingWire Magazine delivered to your home or office.

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Why there are so few real estate agents of color

Housing Wire

Amy Kong of Trust Real Estate hosts open houses where people ask, “Where is the agent?”. These are instances of racism experienced by Hispanic, Black and Asian real estate agents. But they point to something more specific – homebuyers and sellers surprised to interact with a non-white real estate agent.

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Why brokerages and mortgage lenders are rushing into JVs

Housing Wire

The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp , replies with a few trusted names. HousingWire Magazine delivered to your home or office. Become a member today.

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The DOJ vs. NAR: What’s the impact to real estate agents?

Housing Wire

Many scholars and antitrust lawyers, but not many agents, say U.S. real estate commissions are artificially inflated by an illegal horizontal conspiracy between NAR and brokerages. But more than just representing labor, they also represent management (brokerages) and claim to work in the best interests of consumers.

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Side’s Guy Gal on championing the high-volume real estate agent

Housing Wire

million agents that are licensed and members of the national association, and only about 6% are full-time, experienced high-volume – facilitating at least one transaction a month – professionals. When we looked at the industry, every brokerage that existed served the 1.3 “Across the country today, there are roughly 1.4