Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Industrial Seller concession Purchase and sale agreement Agents 513

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

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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.

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MLS Agents Brokerage As-is 472

Housing Wire

SEPTEMBER 3, 2024

As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. 17, the firm launched an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.”

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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. NAR has also advocated for the VA to change its rule around buyer broker compensation.

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VA loan Agents Loans MLS 523

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

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Brokerage Agents Industrial As-is 436

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said. The way Saunders views it, today’s consumers are more savvy.

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Housing Wire

AUGUST 5, 2024

Brokerage stocks were especially mixed. The Real Brokerage and Anywhere fell by 5.2% But of course there’s still a large cohort of buyers (like Boomers and empty-nesters) that buy off cycle.” The global stock selloff that began overnight in Asia rolled through U.S. We’d argue that U.S. loanDepot rose 2.3% RE/MAX shed 4.7%

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Brokerage Marketing Mortgages Technology 439

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

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Brokerage MLS Agents Branding 459

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same.

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Brokerage Agents Residential Sales 358

Housing Wire

AUGUST 6, 2024

In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to several business practice changes, including a mandate that buyers sign a broker representation agreement prior to going on a home tour with their agent. And as the clock continues to count down to the Aug.

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Brokerage MLS Agents As-is 448

Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

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Brokerage MLS Branding Agents 438

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Debt-to-income ratio Agents Equity Closing costs 497

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. Your home sellers and buyers research you online. Digital-first analysis, distribution, and discovery.

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Brokerage Branding Agents As-is 406

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

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MLS Agents Brokerage As-is 436

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch.

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Brokerage Agents As-is Industrial 421

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It This will leave the professional, high-performing agents to take care of the buyers who wish to have representation. 17 — are top of mind. Tomasello asked. ”In

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Brokerage Agents Industrial Technology 367

Housing Wire

SEPTEMBER 18, 2023

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. RE/MAX’s settlement agreements, as well as the earlier settlement agreements reached by Anywhere Real Estate , must be approved by the U.S. million for both lawsuits.

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MLS Branding Agents Brokerage 505

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. What’s at stake may be much bigger than that.

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MLS Brokerage Agents Residential 474

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

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Brokerage Property Management Agents Industrial 366

Housing Wire

MAY 9, 2024

Judge Stephen Bough has granted final approval to the commission lawsuit settlement agreements reached by Anywhere , RE/MAX and Keller Williams on Thursday. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 million , $55 million and $70 million , respectively.

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Brokerage MLS Agents As-is 388

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% Buyers are picky and they don’t want to pay a dollar more than they need to,” the report said. the month prior.

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Mortgages Principal Brokerage Finance 499

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

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MLS Agents Design As-is 476

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

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Brokerage Purchase and sale agreement Title Industrial 363

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

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Purchase and sale agreement MLS Agents Brokerage 427

Housing Wire

AUGUST 26, 2024

Not only do you have young families and investors looking at starter homes, you also have buyers who have been forced to consider less-expensive options due to near-record home prices. This is being “aided by significant spikes in inventory,“ the brokerage reported. Sale prices for starter homes rose 4.2% in the middle-priced segment.

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Sales Brokerage Investor Closing 418

Housing Wire

AUGUST 7, 2024

The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” which was filed in the Batton 1 suit that consists of the same plaintiffs but a different group of brokerage defendants.

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Brokerage Staging Branding Agents 337

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Industrial MLS Sales 417

Housing Wire

MARCH 18, 2024

Honing new skills With the settlement agreement including terms like a mandatory buyer agency agreement and a ban on displaying offers of cooperative compensation via listings on the MLS, it is understandable that some agents would like more guidance from NAR on what these terms will look like in practice.

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Industrial Brokerage MLS Agents 408

Housing Wire

SEPTEMBER 30, 2024

The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric. Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. When comparing income to the cost of monthly mortgage payments, the typical buyer now earns 8.9%

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Mortgages Brokerage Sales Loans 433

Housing Wire

JUNE 28, 2024

The new buyer Today’s statement from DMAR and SMDRA say the new buyer, Burks, is “a leader in the real estate industry for more than 40 years.” This decision and action were taken as a result of the violation of the board of directors’ signed obligations to maintain confidentiality.”

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MLS Due diligence Brokerage Equity 385

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. We knew there had to be an efficient way of handling this sort of communication.” From this, HomeKick was born.

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MLS Technology Agents Design 427

Housing Wire

DECEMBER 9, 2024

In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and ancillary solutions for brokerage growth in 2025. Velt: What would be your best practices for the buyer consultation?

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Brokerage Title Industrial As-is 239

Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

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MLS Brokerage Agents Design 390

Housing Wire

DECEMBER 26, 2023

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. With mortgage rates trending downward in recent weeks and economists expecting them to further recede in 2024, analysts are feeling guardedly optimistic about how the publicly traded brokerages will perform in 2024.

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Brokerage Mortgages Agents Industrial 426

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? One of the researchers, Will Fried, had a hunch. One of the researchers, Will Fried, had a hunch. ” Their findings, published online as a draft on Oct.

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Agents Sales As-is Finance 446

Housing Wire

OCTOBER 31, 2024

The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. The merger combines the strengths of both companies, allowing us to better support agents, buyers, and sellers in the Dayton area while enhancing our leadership in the market.” The financial terms of the deals are not being disclosed.

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Brokerage Agents Closing Sales 324