Housing Wire

SEPTEMBER 18, 2024

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?

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

MARCH 31, 2021

The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. Incredibly, that median listing price of $92,000 is up 15.8%

Buyers 418

Buyers Investors Realtors Agents 418

Appraisal Buzz

FEBRUARY 4, 2025

According to a recent Redfin analysis, the average buyers agent commission for properties sold in Q4 was 2.37%. That is down marginally from 2.45% a year ago, prior to the announcement of the new National Association of Realtors (NAR) commission standards , but it is practically unchanged from 2.36% in Q3, when the new rules went into effect.

Agents 248

Agents Sellers Real Estate Agent Buyers 248

Housing Wire

OCTOBER 3, 2024

On the RealTrending podcast produced by HousingWire , host Tracey Velt chats with San Antonio-based Realtor Jessica Conrad in the final installment of JPAR Real Estate ’s four-part Settlement Strategy Playbook series. 17 business practice changes mandated by the National Association of Realtors ‘ (NAR) commission lawsuit settlement.

Sellers 448

Sellers Agents Training Clients 448

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 526

Marketing Sellers Buyers Realtors 526

Housing Wire

SEPTEMBER 23, 2024

In that case, they can refer that individual to an agent in exchange for a portion of the commission. Consider this scenario: A homebuyer clicks to connect with a Realtor through Zillow. If the buyer ultimately purchases an $800,000 home, Zillow could pocket up to $9,600, while the agent assumes all the risk and performs all the work.

Real Estate 491

Real Estate Agents Clients Advertising 491

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? Conflicts between the buyer and buyer agent are inevitable.

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

SEPTEMBER 18, 2020

And, since a National Association of Realtors survey showed that 53% of buyers in 2019 used an agent that was either referred to them or was someone they used in the past, that means that about half of all buyers (47%) are available to any agent willing to compete for them. Friedman HW+ Columnist.

Real Estate Agent 482

Real Estate Agent Real Estate Agents Technology 482

Housing Wire

FEBRUARY 6, 2025

It offers features such as buyer presentations, client portals and closing reports. According to REsides CEO Colette Stevenson , the new partnership couldn’t have come at a better time as buyer and seller expectations of transparency soar to new heights. Rayse is led and operated by Christian and James Dwiggins.

Client Relationships 221

Client Relationships Agents Technology Real Estate 221

Housing Wire

FEBRUARY 12, 2025

Buyer after closing Dear (Buyer Name), It was a pleasure working with you! Anyone who sends you a referral Dear (Referrer Name), Thank you SO much for referring me to (Lead Name)! We ended up receiving (X number) of offers, so many buyers still want to be in this neighborhood/building! I look forward to working together!

Real Estate 359

Real Estate Clients Real Estate Agent Open Houses 359

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 448

Real Estate Sellers Realtors Real Estate Agent 448

Housing Wire

SEPTEMBER 23, 2024

Like Sitzer/Burnett, at the center of the QJ Team suit is the National Association of Realtors’ (NAR) Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS.

Brokerage 459

Brokerage Agents Realtors Realty 459

Housing Wire

APRIL 4, 2025

Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS). This means that a significant portion of homes for sale may not be visible to the vast majority of buyers who rely on public MLS data.

Brokerage 221

Brokerage Inventory Agents Sellers 221

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

Buyers 448

Buyers Sellers Agents Real Estate 448

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. The development is intriguing for a few reasons. Presented by: Propertybase.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Realtors 435

Housing Wire

AUGUST 3, 2023

Originally filed in 2019, the lawsuit won class-action status shortly after, and alleges that some NAR rules, including one that requires listing brokers to offer buyers’ brokers a commission in order to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Realtors 370

Realtors Real Estate Sellers Buyers 370

Housing Wire

JUNE 4, 2024

I pondered how they could offer the assistance that buyers and sellers required at such competitive rates. When Homie arrived in town, I recognized the need to differentiate myself by offering a level of service and representation that buyers and sellers would be unable to find at a limited service brokerage.

Real Estate 459

Real Estate Brokerage Clients Realtors 459

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

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. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does.

Law 435

Law Agents Brokerage Buyers 435

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

Training 448

Training Realtors Agents Real Estate 448

Housing Wire

AUGUST 14, 2024

Ryan Young, owner of the Ohio-based brokerage The Young Team , stressed the importance of building, maintaining and engaging with a database of buyers and sellers. It separates us from the other Realtors and puts us in the driver’s seat to get the listing.” This allows for an ongoing dialogue with potential leads.

Real Estate Agent 435

Real Estate Agent Home Improvement Brokerage Valuation 435

Housing Wire

OCTOBER 25, 2023

It has been an eventful and drama-filled 24 hours in Kansas City, Missouri, for the Sitzer/Burnett class-action antitrust buyer broker commission lawsuit. On Tuesday afternoon, after the National Association of Realtors finished its defense, HomeServices of America took the floor.

Sellers 435

Sellers Realtors Real Estate Design 435

Housing Wire

DECEMBER 29, 2021

Ben Caballero : Our service supports builders, sales, their marketing and then management as it relates to marketing their homes to realtors. What builders don’t need is a realtor to list their homes in a traditional way. So that those agents will bring their buyer to the builder. I never talk to a buyer.

Realtors 417

Realtors Real Estate Agent Agents Real Estate 417

Housing Wire

AUGUST 14, 2024

But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday. “We At this point I don’t even want to touch it and I’d be thrilled if I didn’t have to even talk about it.

Agents 448

Agents Sellers Buyers Contracts 448

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. In addition to the already publicized $83.5 In the Sept. The $55 million is… laughably small. “NAR

Agents 435

Agents Brokerage Realtors Real Estate 435

Housing Wire

MARCH 29, 2024

In its proposed brief, CMLS writes that in its statement of interest, the DOJ is looking for “an injunction that prohibits offers of buyer broker compensation by MLS PIN participants.” Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 459

Sellers Real Estate Buyers Contracts 459

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 435

Brokerage Property Management Agents Real Estate 435

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

OCTOBER 17, 2023

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough.

Sellers 435

Sellers Agents Buyers Realtors 435

Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

APRIL 3, 2024

Many in the industry believe the National Association of Realtors ‘ proposed $418 million settlement of the commission lawsuits will help CoStar to reach its goal. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 481

Real Estate Agents Buyers Business 481

Housing Wire

OCTOBER 9, 2023

I know the one-stop-shop thing is cliché, but if you do it right, that can be a major benefit not only to the Realtor and the title company as ancillary income, but to the consumer who it is benefiting from efficiencies and better pricing through economies of scale,” LaRosa said. But the joint venture model may soon be on the way out. “To

Real Estate 468

Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R. Bough of U.S.

Real Estate 345

Real Estate Brokerage Property Management Buyers 345

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 448

Agents Real Estate Agent Brokerage Realty 448

Lamacchia Realty

NOVEMBER 11, 2024

Lamacchia Realty's Top Producing REALTORS® for October 2024! has released its “Top Producing REALTORS®,” for October 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.

Realtors 69

Realtors Realty Real Estate Clients 69

Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” What does it mean for buyers, sellers?

Mortgage 418

Mortgage Sellers Buyers Housing Market 418