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Redfin has conducted a survey of its agents across the industry to gauge key insights into the challenges and opportunities facing todays realestate professionals. In its 2025 Industry Survey , Redfin dug deeper into how realestateagents view their careers, the housing market, and other hot-button industry issues.
Growing dissatisfaction among realestateagents , concerns over declining commissions , and shifting views on the National Association of Realtors (NAR) are among findings in Redfin’s 2025 Industry Survey. Declining satisfaction, economic worries Agent morale has dropped 5% since last year, with just 21.2%
To answer that, we’ll take a deep dive into the differences between the many types of realestate professionals, including a realestateagent and a realestate broker. Summary What is a realestateagent? What does a realestateagent do? Let’s dive in!
As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their realestateagents , but the rapidly rising cost of insurance premiums is changing that. Before, insurance was kind of an afterthought. nationwide in 2023, with Farmers Insurance Group of Cos.
Realestate referrals are the lifeblood of most top producers’ businesses. This is evident when you ask any highly successful agent where they find their clients. Inevitably, their answer will be “my past clients and sphere.” Sometimes, a realestateagent may choose not to work with a specific buyer or seller.
While the slowdown has resulted in a return to pre-pandemic levels of market activity, realestateagents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.
Andy Mooers, a Maine-based realestateagent who has worked for 45 years to link retirees with realestate in the northern part of the state, told the outlet that people develop a fondness for the region after vacationing there from more urban and suburban areas.
In light of that, HousingWire sat down with Peter Paglia, Chief Strategy Officer at HomeBinder, to discuss how to create a “Client for Life” in this environment. HousingWire: As the refi boom simmers down, why should lenders focus on creating clients for life? HW: How does HomeBinder help lenders establish Clients for Life?
Obtain insurance Most states will require you to carry both liability insurance and errors and omissions (E&O) insurance for your brokerage. Your vision statement should be 1-2 sentences and should include what you and your team want to achieve for your clients. The 5-step recruiting plan: Identify your ideal agents.
While tax planning is a year-round task, realestateagents can take some specific actions before the New Year to significantly cut their taxable income. Identify business deductions Every business has ordinary and necessary costs, such as office equipment, marketing , accounting, and insurance , that are tax-deductible.
Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.
Realestateagents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. In this article, weve compiled 49 compelling realestate newsletter ideas and subject lines.
Florida is experiencing a slowdown as the state faces rising home insurance costs, HOA fees, and increasing risks from natural disasters. Some realestateagents are advising buyers to monitor homes they missed out on, as deals are falling through at a higher rate. Las Vegas 17.9% Houston 17.8% Jacksonville, Fla.
Realestateagents are no strangers to going out of their way to help their local communities. According to the National Association of Realtors (NAR) Community Aid and RealEstate (CARE) Report published in May, nearly 70% of all NAR members reported that they volunteered at least eight hours a month in 2023.
UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. No other wholesale lender in the country is offering this, meaning independent mortgage brokers now have a significant advantage with consumers and realestateagents.
In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”
We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement. The CFPB alleged that between 2019 and 2024, the brokerage incentivized realestateagents to direct business to Rocket-affiliated companies.
Walk before you run: Build long-term relationships Partner with new realestateagents that you can learn and build together. Be selective: every agent you work with should match your commitment to doing the work and building a sustainable business. Everything else is a distraction.
The company recently launched a mortgage brokerage firm that offers a plug-and-play program for realestateagents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.
After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. That never happens when a VA loan is involved.
As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data. The product is marketed toward realestateagents to help them build trust and credibility with their clients, a joint news release states. “In
Property documents offer realestateagents and their clients crucial insights; however, they are often long, full of legalese, and poorly formatted, making them extremely tedious to review and understand,” James Rogers, co-founder and CEO of RealReports, said in a statement. “Now
Through partnerships with Bubble Insurance Solutions and New American Funding , realestateagents at The Agency will have access to mortgage lending services and insurance services for their clients. NAF offers numerous home financing options including conventional, jumbo , non-QM, as well as others.
The Insurance Commissioner for the state of Washington apparently concluded that Modus offered realestateagents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.
Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed realestateagents.
.” Compensation model fell short The primary innovation of the Redfin business model was to offer agents a salaried W2 position, as opposed to a traditional commission split or serving as a franchisee. Agents got benefits like health insurance, a 401(k), vacation time and a more predictable stream of income.
Of the survey respondents that reported receiving fraudulent communications, 26% reported that it came from a potential buyer or seller, 22% came from a realestateagent, 15% from a lender, 14% from an attorney working on the transaction and 12% from the client’s title agency.
Through consistent and strategic prospecting, agents can create a steady flow of leads, ensuring continuous business opportunities. The objective is to build relationships, understand the needs of potential clients, and position yourself as a go-to resource when they are ready to buy or sell realestate.
The company also anticipates launching a version of Leo for clients later this year. Its fintech platform, Real Wallet, is expanding, allowing agents to apply for business checking accounts through Reals partnership with Thread Bank. million after accounting for just under $3 million in 2023.
2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.
According to a report published Thursday by wire fraud prevention firm CertifID , realestateagents , brokers and title companies are increasingly being held accountable if a consumer loses money.
AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. In 1983 Jim Campbell launched what is believed to be the first joint venture experiment between a realestate brokerage and a title and settlement firm. Image was created using MidJourney.
Buyside helps realestateagents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.
Title agents historically have felt like they played second fiddle to other players in the buying and selling of realestate. Regulators were suddenly curious about what exactly the industry contributed to a realestate transaction. Is it having a happy client who will be a great reference?
The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance. At Rocket Homes where Wallace worked from Feb.
In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in an underrepresented profession,” according to the WIFS National website. “I
Indianapolis-based High Alpha has launched Shaker , a collaborative CRM and realestate transaction management platform. Through the platform, Shaker offers a suite of tools to streamline client communication and collaboration, including transaction management, client communication, predictive insights and a built-in referral engine.
Endpoint was launched last November by First American, a provider of title insurance, settlement services and risk solutions for realestate transactions. Our team is committed to supporting realestateagents and their clients as they navigate this process, while rapidly and conveniently completing their transactions.”.
As a realestateagent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Luke Babich is the CEO and co-founder of Clever RealEstate.
” Realestateagents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire realestate purchasing process. “I had one client in St. She relocated to New York.” As work-from-home became the norm throughout the U.S.
Here’s a financial checklist that realestateagents and mortgage professionals should complete before the end of the year for more success and financial security in 2024. Insurance: Premiums for various coverages like errors and omissions, commercial auto and a business owner’s policy.
Brooklee Han: Right now in the realestate industry, we are seeing a tremendous amount of adoption of artificial intelligence at a time when we are also seeing many parties questioning the value of a realestateagent. How is RE/MAX working to meet this moment?
The total estimated cost of getting a Colorado realestate license ranges from $1,080 to $1,800, depending on the realestate course you choose and the cost of your E&O insurance. It can also give your clients peace of mind to know youve planned for any incidents. Read on to learn more.
As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.
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