Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Appraisal Buzz

FEBRUARY 4, 2025

Listing agents are no longer permitted to unilaterally offer sellers payment of the buyers agent commission in NAR-affiliated MLSs, according to the new regulations. Although there are few exceptions, Redfin agents report that the majority of sellers continue to opt to pay the buyers agent commission. commission. of a $300,000 sale.

Agents 248

Agents Sellers Real Estate Agent Buyers 248

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

FEBRUARY 6, 2025

The duo launched the company as a way of “pushing back on the settlement,” referring to the $418 million settlement agreed to by the National Association of Realtors (NAR) that involved allegations of colluding to artificially inflate agent commissions.

Client Relationships 221

Client Relationships Agents Technology Real Estate 221

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, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

Realtors 459

Realtors Brokerage Agents Buyers 459

Housing Wire

AUGUST 14, 2024

The brokerage utilizes a method it calls “make offer for immediate response,” or MOFIRs. These offers can include providing sellers an immediate cash offer, upfront loans for home improvements, and giving special incentives to essential workers such as police officers, nurses and teachers. It’s gone incredibly well.

Real Estate Agent 435

Real Estate Agent Home Improvement Brokerage Valuation 435

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all?

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

JANUARY 23, 2025

Open house postcards Open house postcard from Wise Pelican Open house postcard from Agents Assemble on Etsy Open house postcard from Agents Assemble on Etsy Open house postcards are a valuable tool in the real estate agent’s arsenal, designed to draw prospective buyers and sellers to your property listings.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

Housing Wire

APRIL 13, 2021

But, ironically, the emerging NAR-Zillow proxy battle comes three months after Zillow announced it is an NAR-member real estate brokerage. ShowingTime has about all the market after they bought Centralized Showing Service,” Fisher said, a reference to ShowingTime’s 2019 acquisition. Real estate agents and LOs: the great collaboration.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Realtors 435

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

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. What is the most important sign home buyers and sellers looking for an agent use as a signal that a real estate agent is a trusted expert?

Agents 469

Agents Real Estate Agent Real Estate Buyers 469

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

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

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Filed in late 2023 in the U.S.

Realty 448

Realty Real Estate Law Brokerage 448

Housing Wire

JULY 20, 2023

Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. Instead, focus on scheduling an appointment.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

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. Despite not requiring NAR membership, Frazier said the brokerage does require agents to follow the NAR Code of Ethics. They were not set commissions,” Wilson said.

Law 435

Law Agents Brokerage Buyers 435

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Real Estate 370

Real Estate Brokerage Lending Clients 370

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. This is [name] with [brokerage]. One of my favorite seller clients was a FSBO who I became friends with.

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

MAY 25, 2023

Dual compensation refers to an instance in which a single individual or entity is in control of both brokerage and loan origination functions and are compensated for real estate transactions in which they represent the buyer or the seller and act as the originator on the mortgage loan used to purchase the home.

Real Estate 397

Real Estate Sellers Brokerage Buyers 397

Housing Wire

OCTOBER 23, 2024

How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. Do this before the appointment, and refer to our list of questions to get specifics. If the seller asks you for your business card, you’ll want to have one handy. Business cards.

Agents 435

Agents Real Estate Sellers Real Estate Agent 435

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

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

Housing Wire

OCTOBER 17, 2023

Plaintiffs allege collusion In their trial brief, the plaintiffs in the suit allege that NAR’s Participation Rule , which they refer to as the Mandatory Offer of Compensation Rule , is “a market-shaping and distorting rule” that stifles innovation and competition.

Sellers 435

Sellers Agents Buyers Realtors 435

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. Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

APRIL 3, 2024

Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4% Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents.

Real Estate 481

Real Estate Agents Buyers Business 481

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

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 447

Real Estate Real Estate Agent Tools Contracts 447

Housing Wire

JUNE 7, 2024

When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.

Advertising 458

Advertising Tools Real Estate Sellers 458

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

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Technology plays a big role.

Real Estate 476

Real Estate Business Valuation Technology 476

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to. Don’t require the seller to pay for it,” Ketchmark said.

Realtors 468

Realtors Law Agents Real Estate 468

Housing Wire

MARCH 21, 2024

The H4P factor HECM for Purchase is a largely underutilized variation of the HECM product, but after the FHA announced a seller credit for the program late last year — to the delight of many reverse mortgage professionals — LOs in different areas of the country are keeping an eye on it as a path toward growth.

Retail 459

Retail Mortgage Real Estate Agent Business 459

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. 74% of sellers say they would use that same agent again, or recommend them to others. It’s not a commission, it’s a brokerage.

Clients 284

Clients Real Estate Open Houses Agents 284

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

Realtors 370

Realtors Real Estate Sellers Buyers 370

Housing Wire

JUNE 26, 2024

My wife and I have worked with the same real estate agent to buy and sell several homes, and we’ve referred her to help more than a dozen friends with their home transactions. One of those costs, surely, is never again doing business with the other broker, agent, buyer, or seller.

Real Estate 302

Real Estate Legal Law Agents 302

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.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488