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The role of the realestate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. This was unambiguous among homebuyers.
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional realestate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional realestate agents are still the best option and 6% favor discount agents.
Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%
Despite 2025 housing market predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. 26 in Dallas to hear her full session on realestate brokerage economics. What should Realtors know about this information?
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? Summary What is a realestate agent?
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. Choi: If you look at how many Realtors buyers and sellers interviewed, 80% have interviewed only one agent. Are they asking about it?
Confusion and chaos are still a reality for some realestate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. Although the world didn’t end for the realestate industry on Aug. Approaching the Aug.
While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for realestate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Join Lab Coat Agents 2.
What has changed for realestate brokerages since then? 31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. 31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country.
Commissions paid to realestate 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. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.
The goal of realestate staging is to highlight all its best features. Its important to communicate to your sellers the value of home staging for realestate by taking out the personalization of the home while keeping the home’s personality and what makes it unique. Make a strong first impression 1.
In a new episode of the “RealEstate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in realestate and Zillow’s “ Super App.” What does the buyer or seller want?
In the newest episode of the “RealEstate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a realestate broker, trainer and veteran agent at Keller Williams Capital Properties. Robert Morris: I would say this is the best time to be in realestate.
The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. Its 100% true.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.
The seller mentioned they were now living out of state and wanted to re-evaluate their approach with a new agent, potentially adjusting both the price and marketing strategy. Additionally, many deals fail to verify seller identity upfront, allowing fraudulent transactions to slip through the cracks unnoticed often until its too late.
In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a realestate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). Jeff Andrews: You and Jason Haber recently launched the American RealEstate Association, a trade group alternative to NAR.
Youve likely heard about realestate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how realestate teams work for you to decide whether its the right career move for you. How do realestate teams work?
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Summary What is a realestate newsletter?
According to new research from Clever RealEstate , a St. Louis-based realestate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.
There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
As realestate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. Lowering commissions will not cause sellers to reduce their prices.
In this weeks episode of the RealTrending podcast, host Tracey Velt sits down with Ohio Realtors President Michelle Billings , an agent at Coldwell Banker Realty in Montgomery, Ohio. They explored affordability issues in today’s realestate market and how agents should leverage their knowledge for success.
For years, the realestate industry has been caught up in battles over commissions, lead generation, and who controls access to listings. But because AI is about to reshape how buyers and sellers interact with listings entirely. Having a listing reach buyers directly through AI will be a win for buyers, sellers and agents.
Realestate thank you notes are an easy, underutilized tool in the realestate world. Ill share my strategies and templates so youll be ready to write amazing thank you notes to your clients and stand out among the realestate agents in your area. Think about the last email you received. Youre the best!
After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.
In realestate, knowing the keys to a successful negotiation is essential. After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on their behalf. Negotiation is not just a skill its an art.
Realestate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process.
But as soon as you get over that anxiety, the sooner youll realize how door knocking in realestate is a tried-and-true lead generation technique that will build your business. The National Association of Realtors reports that online realestate conversion rates are between 0.4% Try between 10 a.m. and 11:30 a.m.
According to HomeLight ‘s Top Agent Insights report released this week, realestate agents are feeling this and are being forced to switch up tactics to attract buyers. HomeLight is an Arizona -based realestate platform designed to connect agents with clients. 30 and Nov.
Using LinkedIn for realestate is a hidden gem for connecting with local business professionals. Keep reading to learn why LinkedIn for realestate agents is so important, plus tips to optimize your profile and how to get realestate leads on LinkedIn. For your headline, be clear and geographically specific.
When I first started in realestate , I thought my job was solely about helping buyers and sellers. Realestate agents have the privilege of guiding people through one of their biggest life decisions. Use your network for good : As realestate professionals, we know a lot of people.
This is the future of realestate. Informal alliances: The Uber of realestate One of the best approaches to collaboration is the rise of showing services that operate much like Uber. This not only strengthens their pitch to sellers but also provides a level of assurance that the advice is well-rounded and informed.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” It is no secret that many first-time homebuyers are struggling.
A newly released episode of the RealEstate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn explained how he would approach a seller in the new market.
In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Miller believes that agents who push sellers to use private listing networks are not doing their fiduciary duty.
Believe it or not, good old-fashioned postcards are still one of the most effective realestate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a realestate agent well before they hit ENTER on their first Google search. But where do you start?
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule. Lane offered more thoughts in her op-ed.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Younger millennials (90%) were the most likely to use an agent.
Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.
We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. It is still a sellers’ market, just not the frenzy that it has been. Below I share some of my scripts for having those tough conversations with your sellers.
The housing market in 2024 was about as frustrating for the realestate industry as you can imagine. In the current climate, homebuilders have advantages over existing-home sellers. Theyre also more responsive to demand than home sellers, as they can build at a pace to match demand. Consider the numbers.
It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere RealEstate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. Homie filed the suit in mid-August.
Under what NAR is calling its MLS Listing Options for Sellers policy , sellers will have the option to delay marketing their listing publicly as long as they sign the required disclosure. They didnt come up with a solution, they just side stepped the whole issue. NWMLS is not NAR affiliated.)
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