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.

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Sellers Agents Training Clients 448

Housing Wire

APRIL 23, 2024

“TomAI is helping me more than any other AI tool out there,” Tracy Duggan, a Memphis-based agens and Tom Ferry coaching client, said in a statement. A beta version of the tool launched in August 2023 for Tom Ferry coaching clients. or 8 p.m.”

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Tools Real Estate Training Real Estate Agent 433

Housing Wire

JANUARY 3, 2024

The vast majority of respondents reported that they have yet to receive any questions about the commission lawsuits and those who have, have only been asked by a handful of clients. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. Always will too,” one wrote.

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Agents Realtors Clients Real Estate 458

Housing Wire

JANUARY 10, 2024

As we come out of the holidays, we’re cleaning up, throwing out tired-looking decorations and looking for a place for presents in the closets or cabinets. However, if you’re like many Americans, you’re probably planning to take at least some of those presents back to the store for a refund or exchange.

Real Estate 462

Real Estate Clients Retail Client Relationships 462

Housing Wire

DECEMBER 12, 2023

8, 2019, and the present. In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states.

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Realtors Sellers Real Estate Buyers 476

Housing Wire

NOVEMBER 8, 2023

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs.

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Real Estate Realtors Sellers Agents 459

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. The complaint argues that NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor affiliated MLS, is the “cornerstone of [the] defendants’ conspiracy.” “If

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Real Estate Real Estate Agent Realtors Buyers 468

Housing Wire

FEBRUARY 27, 2024

Among other services, buyers’ agents help clients navigate the extensive paperwork and negotiate the sales price of a home. But clients often are not well educated on the value of these services, Keller argued. In turn, this reinforces the need for buyer agency agreements. “If You are being accused of not being transparent. “If

Buyers 448

Buyers Agents Real Estate Agent Clients 448

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association.

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Law Agents Realtors Contracts 459

Housing Wire

JULY 24, 2024

The National Association of REALTORS (NAR) membership numbers highlight this impact, with a sharp decline from a peak of nearly 1.4 This relative stability is good news and presents a unique set of opportunities for real estate agents. As of mid-April 2024, the National Association of Realtors had about 1.5

Real Estate 476

Real Estate Real Estate Agent Agents Client Relationships 476

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In 13, 2019, to the present.

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Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

JULY 15, 2024

They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners. The messages you convey to clients, referral partners, and even yourself can significantly impact your success. An informed client is a confident client.

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Loan Officers Clients Design Tools 433

Housing Wire

NOVEMBER 9, 2023

In her first video appearance since the jury verdict in the Sitzer/Burnett commission lawsuit , National Association of Realtors president Tracy Kasper told NAR members that she shares their disappointment in the decision. As she has stated previously, NAR plans to appeal the verdict and that Sitzer/Burnett saga is far from over.

Agents 459

Agents Legal Sellers Clients 459

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements.

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Agents Advertising Real Estate Sellers 468

Housing Wire

NOVEMBER 15, 2023

Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effective marketing , ultimately growing your book while others’ shrink. Below are a few ways originators can best present themselves to real estate agents and stand out in a saturated market.

Real Estate Agent 448

Real Estate Agent Marketing Mortgage Real Estate 448

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

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Realty Real Estate Law Brokerage 448

Housing Wire

AUGUST 1, 2024

Like the athletes in Paris, Realtors and brokers across the U.S. 17, the date on which the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement are set to go into effect. have been busy training and preparing to be ready for Aug. And the agents are scared,” Lamacchia said.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

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 447

Real Estate Sellers Realtors Real Estate Agent 447

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.

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Inventory Agents Real Estate Sellers 448

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Presented by: MCS . Now they’re already listing and making the move just because they can afford more now with interest rates so low.

Housing Market 468

Housing Market Marketing Inventory Realty 468

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. 4, 2019 and the present. Both lawsuits are seeking class-action status.

Realty 459

Realty Realtors Brokerage Real Estate 459

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. ” What’s at stake?

Buyers 482

Buyers Brokerage Agents Realtors 482

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Clients 435

Housing Wire

AUGUST 1, 2024

Neuberger’s first job as a coder started with a company that designed websites and applications for clients. The company often worked with clients in real estate and Neuberger’s interest in the field grew as he learned more about their marketing plights.

Buyers 447

Buyers Real Estate Agents Clients 447

Housing Wire

NOVEMBER 17, 2023

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy.

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Training Realtors Agents Real Estate 448

Housing Wire

DECEMBER 29, 2021

Caballero is like any real estate listing agent, on the hunt for clients. But instead of individual homesellers his clients are homebuilding companies including Toll Brothers , Trophy Signature Homes , and Historymaker Homes. What builders don’t need is a realtor to list their homes in a traditional way. I never talk to a buyer.

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Realtors Real Estate Agent Agents Real Estate 417

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

Real Estate 448

Real Estate Brokerage Sellers Law 448

Housing Wire

OCTOBER 28, 2022

Speakers: Debbie Hoffman, Managing Associate, General Counsel, Western Union Laura Escobar, President, Lennar Mortgage Kim Lanham, Senior Vice President Marketing, Public Relations, Client Services, Digital Risk Sarah Wheeler, Editor in Chief, HW Media. Presented by: Heather Siegel, Lender Account Director, Qualia.

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Lending Development Finance Technology 435

Housing Wire

NOVEMBER 1, 2024

PRO TIP You may see the terms “real estate agent” and “Realtor” used interchangeably. While a Realtor is indeed an agent, the term doesn’t work both ways. To be a Realtor, an agent must be a member of the National Association of Realtors® (NAR). How do real estate agents get paid?

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

OCTOBER 31, 2023

He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee. It seems we are headed toward a future where each agent will be paid by their own client.

Real Estate 448

Real Estate Realtors Agents Buyers 448

Housing Wire

MARCH 13, 2024

I’ve had clients who just don’t want to deal with the premium costs on certain properties and say they will just find something else.” For real estate agents, this means they’re having to discuss insurance options with their buyer clients a lot sooner than they did previously. nationwide in 2023, with Farmers Insurance Group of Cos.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% Presented by: Radian. But broker Renee Humme, with Prime Mountain Properties , said the lower property taxes, mountains and surrounding scenery, and low cost of living are the main draws for most of her clients.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

OCTOBER 3, 2023

Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry. But you do so at your own risk. Imagine that.

Agents 435

Agents Buyers Training Law 435

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. According to Inman News , 22 of the non-Realtor affiliated MLSs opted out. If they didn’t make an offer, a listing couldn’t be posted.

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Legal Realtors Agents Brokerage 482

Housing Wire

JUNE 25, 2024

Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. It’s important to share your understanding of this process with your clients. There are three stages that agents and their clients need to be aware of. This stage is critical.

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Appraisal Sellers Real Estate Agent Appraisal Process 397