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? You have to make sure you are on the same page.”

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

MARCH 14, 2025

This proves your expertise to clients and allows you to provide them with knowledge about the real estate market. The market action index is 37, indicating that there is a slight seller’s advantage. 89% of sellers used an agent to sell their home. 70% of sellers are repeat sellers, 30% are first-time sellers.

Real Estate 357

Real Estate Marketing Real Estate Agent Sellers 357

Housing Wire

MARCH 28, 2025

Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?

Real Estate 354

Real Estate Tools Real Estate Agent Sellers 354

Housing Wire

DECEMBER 27, 2024

However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients. This can sometimes take the focus off client service, though it doesnt have to. This enables the team to handle more clients and close more deals than any individual agent could do alone.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

FEBRUARY 28, 2025

Economic uncertainty : Concerns about tariffs , layoffs, and federal policy changes are making buyers and sometimes sellers hesitate. These markets remain seller-friendly, with low inventory and limited buyer alternatives. With less competition, some buyers are backing out during the inspection period, hoping for a better deal.

Inspection 371

Inspection HOA Buyers Real Estate Agent 371

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

Sellers 448

Sellers Buyers Agents Law 448

Housing Wire

JANUARY 29, 2024

Imagine if you could bottle the enthusiasm your clients have for working with you and use it to capture new business in 2024. In this article, we’ll show how to procure top-notch client testimonials, where and how to share them, and how to leverage them to bolster your reputation and close more deals in 2024.

Real Estate 435

Real Estate Clients Real Estate Agent Agents 435

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

MAY 20, 2024

While the settlement does not address this issue directly, the Department of Justice (DOJ) Statement in the Nosalek lawsuit does: Buyers would have the ability to request in their purchase offer that the sellers pay a specified amount to the buyer broker from the proceeds of the home sale. In a seller’s market, that may well occur.

Buyers 466

Buyers Agents Counter Offer Sellers 466

Housing Wire

JULY 18, 2024

CFA has already shown that some revised contracts are very anti-consumer while others are much fairer to buyers.” The criteria consist of 15 factors real estate leaders should consider when creating a buyer representation contract. The criteria are primarily focused on the form and content of the contract.

Buyers 497

Buyers Contracts Realtors Real Estate 497

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

JANUARY 23, 2025

Knowing this, real estate agents should always find friendly, conversational ways to stay on their potential clients minds year-round. As a bonus, postcards can also serve as a heartfelt extension of your gratitude for the working relationship with past clients.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

Housing Wire

APRIL 30, 2024

Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent. But if the agent is representing both the buyer and the seller in the transaction — also known as dual agency — a written buyer broker agreement is needed.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

MARCH 26, 2025

Door knocking is exactly what it sounds like: walking around a neighborhood to knock on the doors of potential clients. Tip 2 – Dress comfortably It might be tempting to step out in your fanciest outfit to show potential clients youre the agent with the mostest, but resist the urge. What is door knocking in real estate?

Real Estate 368

Real Estate Real Estate Agent Agents Clients 368

Housing Wire

MARCH 20, 2025

Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. “These are highly valuable buyers and sellers with a strong intent to transact. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle.

Mortgage 276

Mortgage Real Estate Brokerage Loan Officers 276

Housing Wire

AUGUST 9, 2024

Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an excellent experience for their clients in an uncertain market. Dwiggins ties his example into real estate with a pointed statement. “I

Real Estate 448

Real Estate Advertising Legal Agents 448

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Real Estate Brokerage 482

Housing Wire

NOVEMBER 23, 2022

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 493

Buyers Marketing Sellers Loan Officers 493

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

JULY 10, 2024

Research market data Your work begins once you and your client have set an appointment to meet. You may also want to research the client on social media to understand their needs and circumstances. 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

AUGUST 28, 2020

A spokesperson for Opendoor told HousingWire that the company is looking to staff its Home Reserve platform with independent contract agents, not salaried agents. Home Reserve , launched in May, enables Opendoor to list sellers’ homes while purchasing and reserving their next home with all-cash offers.

Brokerage 538

Brokerage Real Estate Agent Agents Real Estate 538

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Housing Wire

AUGUST 12, 2024

Despite the firm’s name Voss says the brokerage works with both buyers and sellers, but on the sell-side he and his agents only charge clients for their services. “We I really struggled with that dynamic of why would I, as a seller, want to offer money to somebody who is going to actively try and get me to gain less?”

Brokerage 448

Brokerage Agents Sellers Buyers 448

Housing Wire

OCTOBER 1, 2024

While it’s unclear exactly how home buyers and sellers are reacting to the situation, a startup tech company called Rayse is “pushing back on the settlement” with a new communication platform that allows prospective buyers to track what their agents are doing in real time. But Rayse also plans integration for seller agents sometime in 2025.

Agents 448

Agents Real Estate Agent Real Estate Brokerage 448

Housing Wire

AUGUST 22, 2024

Sellers keep selling In the first month, nearly 98% of sellers continued to offer compensation to buyer’s agents—some agents even reported an increase in income by clearly defining their fee structure upfront and with each offer. Many who rarely answer phones are responding to calls, texts, and emails.

Real Estate 476

Real Estate Realtors Contracts Agents 476

Housing Wire

AUGUST 16, 2024

The Indigo platform looks much like a search portal but allows buyers to bid on listings provided by agents, which are boosted by the AI to include the preferences of the seller. The company said that buyer agents can produce compliant offers and contracts in seconds, from any digital device, with its Contracts AI tool.

Real Estate 468

Real Estate Real Estate Agent Contracts Brokerage 468

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Real Estate 459

Real Estate Sellers Buyers Agents 459

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 448

Realtors Contracts Real Estate Agents 448

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 448

Inventory Agents Real Estate Sellers 448

Housing Wire

OCTOBER 23, 2023

In the deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked Warner to comment on a training script from HomeServices CEO Gino Blefari in which he said that when he was an agent, he was supremely confident and would tell prospective clients that while commissions are negotiable “they only go up from 6%.”

Law 459

Law Agents Realtors Contracts 459

Housing Wire

MARCH 28, 2024

The class encompasses home sellers across 20 local MLSs. In its filing, HomeServices asked for a review of an August 2023 ruling by the Eighth Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The suit obtained class certification in March 2023.

Real Estate Agent 458

Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

Buyers 448

Buyers Realtors Agents Sellers 448

Housing Wire

FEBRUARY 16, 2024

“The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

SEPTEMBER 9, 2020

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. “The client went to highest and best on Monday at 5 p.m., and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 million and we got it.” and condos at 41.3% – 54.5%

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

FEBRUARY 28, 2024

This is why creating an avatar of your ideal client and creating content for them (and only them) should be your primary goal on social media. To generate leads from your social media posts, you need to know your ideal client’s fears, desires, and understand the problems you can solve for them. Visit Coffee & Contracts 3.

Real Estate 482

Real Estate Marketing Tools Contracts 482