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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.
Whether you’re looking to start a career in realestate, already have one or are involved in realestate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a realestate broker vs. an agent? Why become a realestate broker?
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%
It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping realestate deals in their tracks. Their study included data across more than 9,000 ZIP codes.
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. In this article, you’ll find nine tried-and-true ways to start and grow your realestate referral business. Summary What is a realestate referral?
Obtain a realestate broker license Your new chapter begins with ensuring you meet all legal requirements to operate as a broker. Educational prerequisites Most states mandate completing 60 to 150 hours of realestate coursework to become a broker. Related articles Realestate broker vs. an agent?
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.
The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Big payouts from natural disasters are driving insurers to raise rates and pull back on coverage,” the report stated. They sell for just under $3 million.
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. So, where do you start?
The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential realestate market, including realestateagents, brokers, attorneys, title insurance companies and settlement agents.
Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for realestateagents, insuranceagents, tax professionals and other financial professionals who are also licensed to originate mortgages.
has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, realestate , homebuilding and title insurance industries. The reverse mortgage division of Fairway Independent Mortgage Corp.
Clever RealEstate also partners with Valon to match buyers and sellers with local realestateagents who offer cash rebates, commission discounts and other products. Valon’s platform offers traditional purchase and refinance products, alongside alternative products like home equity lines of credit ( HELOCs ).
Thats when I came across a realestate investment series on VHS by Carlton Sheets (remember VHS?). It inspired me to get my realestate license and pursue a career in realestate. citizen The Colorado Division of RealEstate (part of the state Dept. I opted for the latter. hours to complete it.
Most realestate professionals understand that the RealEstate Settlement and Procedures Act (RESPA) was created keeping customers in mind. RESPA has strict rules for realestate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Let’s know about them.
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.
HousingWire recently spoke with Propertybase CEO Vance Loiselle about realestate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey. HousingWire: What role has the increase in technology played for both businesses and consumers in the realestate space?
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.
But that benefit is beginning to be offset by a surge in insurance costs and HOA fees caused by intensifying natural disasters ,along with rising property taxes. Retirees understand the risks of moving to Florida, but many believe the pros still outweigh the cons, said Rafael Corrales, a Redfin Premier RealEstateAgent in Miami.
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.
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.
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.
Realestate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. There are numerous methods an agent can use to prospect, some traditional and others that leverage technology. In this article What is realestate prospecting?
Realestateagents are in the clear when it comes to dealing with changes to the Telephone Consumer Protection Act (TCPA) thanks to a last-minute ruling by the Eleventh Circuit Court of Appeals late Friday night.
As an introverted realestateagent and coach, I know firsthand how challenging networking can be. I started Move Over Extroverts to teach other agents how to face their fears and clear this common hurdle. Buddy up with a mortgage lender, insurance rep, or realestate attorney and work the room together.
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.
in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. For realestateagents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country.
Never in her decades-long career did Giguiere think she might be responsible for monitoring and reporting potential criminal activity in the realestate market. “It It is just ridiculous to put that on realestateagents and companies,” Giguiere said. That is not the role of a realestateagent.
Check out these nine downloadable realestate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed realestate professional with (your brokerage). Access to a hyper-local agent is more important now than ever. Great news!
Since starting his career in the realestate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the realestate industry, the rules around residential transactions have become very complex.
Indianapolis-based High Alpha has launched Shaker , a collaborative CRM and realestate transaction management platform. Even in today’s highly digital world, realestate software, and especially software built for teams, is still antiquated and clunky,” Shaker’s Cofounder and CEO Chris Lucas said in a statement. “We
In a brightly lit men’s restroom Friday afternoon, adjacent to where the inaugural Crypto & RealEstate Summit was convening, one conference attendee asked another, “Are you a realestateagent?”. Realestateagents, on the other hand, would benefit from blockchain transactions, the company has claimed.
The news is filled with talk of realestate. realestate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype. residential realestate market is valued at about $40 trillion in aggregate.
Are you looking to get licensed as a realestateagent in Arizona? We’ve reviewed all the key information to determine the best Arizona realestate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona realestate school. out of 5 stars Rating: 4.5
Realestate is an attractive field for experienced and aspiring entrepreneurs alike. The urge to innovate in realestate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process. There’s been no shortage of effort, in other words. Emotions run high.
will pay a $1 million fine for improper benefits given to California realestateagents. The marketing representative was identified as Eugene Bleecker, now a former First American employee, who was providing said benefits to his Los Angeles-based group Advisory Group RealEstate Network. First American Title Co.
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.
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.
As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.
The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. The post Blend breaks into title insurance with latest acquisition appeared first on HousingWire. Cooper’s original name prior to rebranding) in 2015. .
Analysis of millions of pieces of disparate data informs nearly every decision made involving residential realestate. For realestate investors, homebuyers, appraisers, insurance companies, mortgage lenders and other financial institutions, a deep understanding of the risks associated with a property and a community is essential.
Few things affect the realestate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. However, there could be some fluctuations in housing expenses due to changes in taxes or insurance.
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.
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