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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Redfin refers to these listings as “stale inventory.” The homes that went under contract took 43 days to do so the slowest pace since 2019. Some agents attribute stale inventory growth to unreasonable prices that repel would-be buyers from pursuing certain listings. ” According to the report, 54.5%

Inventory 488
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

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Top five questions to ask a potential real estate agent

Housing Wire

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. Do you have any references I can contact? More for Real Estate Enthusiasts.

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To sue or not to sue: How buyer’s agents should prepare for commission disputes with clients

Housing Wire

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? Conflicts between the buyer and buyer agent are inevitable.

Clients 482
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Real Estate Referral Fees: The Ultimate Guide for 2024

Housing Wire

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. It’s a win-win! How much are real estate referral fees?

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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195
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Dustin Owen schools agents on key tips for the mortgage financing process

Housing Wire

Owen emphasizes the importance of understanding these principles whether an agent is new or experienced, allowing them to focus on helping the buyer. Unfavorable contract terms may also burden condo buyers with a higher interest rate or a larger lender point requirement.

Finance 448