Appraisal Buzz

OCTOBER 31, 2024

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. The National Association of Realtors reported this week that existing-home sales in August fell by 2.5%

Real Estate Agent 511

Real Estate Agent Real Estate Agents Buyers 511

Housing Wire

MAY 17, 2024

As a real estate agent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But it can be even more difficult for real estate agents since many are self-employed.

Real Estate Agent 459

Real Estate Agent Real Estate Agents Investing 459

Housing Wire

JULY 22, 2024

Watch any of the glamorous pseudo-reality real estate shows on TV, and you might be tempted to become a part-time real estate agent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. As a real estate coach, I hear this question all the time.

Real Estate Agent 448

Real Estate Agent Real Estate Clients Agents 448

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. On nearby Chincoteague Island, Virginia, Long & Foster Real Estate agent Meghan O.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

Real Estate Agent 468

Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

APRIL 17, 2024

Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward. The broader impact of the National Association of Realtors (NAR) settlement is still unfolding.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved.

Real Estate Agent 488

Real Estate Agent Real Estate Agents Buyers 488

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

Real Estate Agent 459

Real Estate Agent Real Estate Agents Clients 459

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. To help, we put together this guide to walk you through our nine-step system to recruit, nurture, and retain producing agents in 2024. They listen.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

SEPTEMBER 10, 2024

To help you find the best real estate website builder for your needs, our team of agents, brokers, and tech experts researched and ranked the best real estate website builders for 2024. Their main selling point as a real estate website builder is that they’re built on the industry standard WordPress CMS platform.

Real Estate Agent 448

Real Estate Agent Real Estate Brokerage Agents 448

Housing Wire

FEBRUARY 21, 2024

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. Later that year, Curbio won the “pitch battle” segment at NAR’s second annual Innovation, Opportunity & Investment (iOi) summit that took place in Seattle.

Home Improvement 435

Home Improvement Realtors Real Estate Agent Inspection 435

Housing Wire

APRIL 16, 2024

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Brokerage 476

Housing Wire

JULY 24, 2024

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area.

Realtors 468

Realtors Tools Real Estate Agent Real Estate 468

Housing Wire

OCTOBER 31, 2024

Real estate agent commissions have held steady since August, but there’s a divergence at different price points. The data is derived from sales by Redfin agents who have closed a transaction in October or are scheduled to by the end of the month.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

Housing Wire

AUGUST 22, 2024

Up-Leveling to a Top Listing Agent and Profit Powerhouse: Strategies for Maximizing Profit and Building a Successful Business These courses will be taught by Anthony Marguleas, the founder of Amalfi Estates ; Brett Jennings, founder of Real Estate Experts ; Danielle Lazier, founder of Vivre Real Estate ; Kelli Griggs, founder of Navigate Realty ; and (..)

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

AUGUST 1, 2024

It is fitting that the 2024 Summer Olympics in Paris are the backdrop for the final two weeks leading up to when the real estate industry will undergo its largest structural change in decades — a feat of near-Olympic proportions. Like the athletes in Paris, Realtors and brokers across the U.S.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

NOVEMBER 1, 2024

To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do? Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

NOVEMBER 22, 2024

Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. Additionally, RealComp II , which is a “software company that manages the MLS and regulates the use of the MLS by brokers and agents,” is also a named defendant.

Realtors 370

Realtors Real Estate Real Estate Agent Agents 370

Housing Wire

SEPTEMBER 13, 2024

Terrie Suit, who served as CEO of Virginia Realtors for the past 11 years, has announced her retirement, according to a company announcement on Friday. Virginia Realtors, which has a membership base of 38,000, named Martin K. She has been a Realtor since 1985 and also spent 20 years in mortgage lending.

Realtors 434

Realtors Real Estate Landlords Tenants 434

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. million per agent in 2022 to $2.5

Realtors 435

Realtors Inventory Agents Clients 435

Housing Wire

DECEMBER 12, 2024

Travis Kessler will retire from his role as CEO and president of the Texas Association of Realtors. Kessler, a 48-year real estate industry veteran, served as Texas Realtors’ CEO and president for 14 years. Texas Realtors experienced growth across several key areas under Kessler’s leadership.

Realtors 370

Realtors Real Estate Clients Development 370

Housing Wire

AUGUST 22, 2024

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Defendants in the lawsuit, which was filed in U.S.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents 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.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

Realtors 468

Realtors Law Agents Real Estate 468

Housing Wire

FEBRUARY 12, 2024

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions. In the Sitzer-Burnett case, plaintiffs successfully argued that real estate commission rates were too high.

Real Estate Agent 435

Real Estate Agent Realtors Real Estate Brokerage 435

Housing Wire

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 468

Real Estate Agent Real Estate Realtors Agents 468

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.”

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Buyers 532

Buyers Agents Real Estate Agent Sellers 532

Housing Wire

JULY 24, 2024

The real estate market has witnessed significant fluctuations over the years, and the accompanying challenges for real estate agents can offer valuable insights and opportunities. The aftermath of the 2008 crisis led to significant attrition among real estate agents.

Real Estate 476

Real Estate Real Estate Agent Agents Client Relationships 476

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.”

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Agents 488

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

JULY 16, 2024

The National Association of Realtors is adding another partnership to its NAR Realtor Benefits Program. Working alongside NAR opens the door to many collaborative initiatives, including positioning RentRedi as the go-to property management tool for real estate agents and their clients.”

Landlords 433

Landlords Tenants Real Estate Agent Property Management 433

Housing Wire

MARCH 26, 2024

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. The median real estate agent revenue sits at $60,000 per year. Bureau of Labor Statistics data.

Real Estate 476

Real Estate Real Estate Agent Agents Realtors 476

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. The suit was filed on Monday in U.S.

Realtors 476

Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

JULY 24, 2024

Alisande Heriyanto , vice president of product and tech support at The Corcoran Group , which focuses on the luxury home market, said on stage during HousingWire ‘s AI Summit in Dallas on Tuesday that the company is adopting AI in its product ecosystem to bring more efficiency to real estate agents.

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Agents Brokerage Real Estate Agent Real Estate 468