AgentsHow are agents paid? Don’t ask buyersMore than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.AJ LaTraceApril 11, 2024
By the NumbersWith no rate cuts expected soon, financing a home remains toughAs the U.S. economy continues to show strength, mortgage rates could stay in the 7% range this homebuying season.Dave GallagherApril 11, 2024
AgentsAgents should use this ‘old school’ prospecting strategyDuring a webinar hosted by T3 Sixty, consultants and guests discussed how tried-and-true tactics like geo-farming can help agents get more deals.AJ LaTraceApril 11, 2024
BrokeragesBrokerage Beat: News from Lamacchia, Compass, The Agency, Real, ERA, BHGRELamacchia teams up with Sears; top dealmaker returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates.Real Estate News StaffApril 10, 2024
Industry3 things to know about the UWM mortgage lawsuitThe mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases. Dave GallagherApril 10, 2024
MLS/AssnNAR president talks ‘stability’ — and dollars and centsDuring a podcast, Kevin Sears said interim CEO Nykia Wright will remain through the end of the year, and shared the financial realities behind NAR’s settlement.Cheryl Reid-SimonsApril 9, 2024
By the NumbersInvestors feeling optimistic, buying record share of homesA pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.AJ LaTraceApril 9, 2024
By the NumbersBuyers are adjusting to a higher-rate environmentWhile consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.”Dave GallagherApril 9, 2024
IndustryConsumer group predicts 20-30% drop in commissionsThe NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.AJ LaTraceApril 8, 2024
BrokeragesReal Brokerage makes $9.25 million deal to settle commissions suitThe company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.Dave GallagherApril 8, 2024
BrokeragesLawsuits over KW profit-sharing changes continue to multiplyAt least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.Dave GallagherUpdated April 8, 2024
MLS/AssnThe North American MLS as a model for the worldIn the second of a three-part series, RESO CEO Sam DeBord offers a look at the MLS outside the U.S. and Canada.Sam DeBordApril 7, 2024
AgentsAgents Decoded: How to train agents for when deals fall throughMost real estate training is based on the assumption that all deals close. When they don’t, too many agents are ill-equipped to handle it. J. Philip FarandaApril 6, 2024
BrokeragesBrokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell BankerMore than a dozen new offices for Real; The Agency expands in Texas and The Hamptons; ERA adds Colorado affiliate; Briko and iList join eXp; a return to CB.Real Estate News StaffApril 6, 2024
AgentsBeverly Hills agent and TV veteran remembered as ‘a force’Jennifer Berman most recently served as COO of Direct Offer and was a cast member on the CNBC series “Listing Impossible.”AJ LaTraceApril 5, 2024
MLS/AssnDOJ can reopen its investigation into NAR, appeals court rulesRuling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.Dave GallagherApril 5, 2024
BrokerageseXp Realty promotes Leo Pareja to CEOThe brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.AJ LaTraceApril 5, 2024
TechUnderstanding online lead generation in the age of AIA new study from T3 Sixty and PrimeStreet surveyed brokerages on their lead-gen practices and use of online and AI tools. The latter has produced mixed results.AJ LaTraceApril 4, 2024
By the NumbersMortgage rates remain steady, but for how long?Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.Dave GallagherApril 4, 2024
By the NumbersPrice cuts hit a five-year highThere are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.Dave GallagherApril 4, 2024