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Broker to Broker • Brokers Best • Web Extras

Part 1: Nimble Brokers Adapt, Try New Approaches

November 7, 2019
In a fast-changing industry, brokers who don’t adapt disappear. Real Estate Broker’s Insider has been focusing its coverage on broker/owners who are trying new approaches to stay ahead of the change. They are launching their own ibuyer platforms, ditching Realtor.com leads, aggressively wooing teams, and more. In one example, Century 21 New Millennium wooed and landed the…To read more — login/sign up

 

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Broker’s “Trade-In” Model Generates Thousands of Transactions

October 24, 2019
The business model being tested by Knock is often compared to the iBuying platforms of Opendoor and Offerpad. Disruptive strategy? Check. Hundreds of millions of capital on hand for buying homes? Check. A pitch to consumers who crave convenience and certainty? Check. But there are crucial distinctions between Knock and the iBuyers, says Sean Black,…To read more — login/sign up

 

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October 2019

Home purchases by foreign buyers fall sharply — NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 estimates that foreign buyers purchased $77.9 billion worth of U.S. existing homes from April 2018 through March 2019. That’s a 36 percent decline from the $121 billion in sales the previous year.  ...

Three steps for standing out in a fast-changing market — Billions in capital are flowing into real estate, and that has created no shortage of angst among traditional real estate professionals. Real estate coach Brian Buffini offers a three-step guide for staying relevant. ...

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IBuyers Insist They’re Not A Threat, Agents Are Not Convinced

September 5, 2019
The new generation of iBuyers sees well-funded companies such as Opendoor, Offerpad, and Zillow Offers snapping up thousands of homes in Phoenix, Atlanta, and other markets. "We really noticed that consumer expectations were changing," says Josh Swift, senior vice president at Zillow Offers. "They want to click a button and have magic happen." The convenience…To read more — login/sign up

 

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September 2019

Realogy sues Compass, accuses it of theft — In a complaint filed in state court in New York, Realogy, the nation’s largest brokerage, accuses Compass of “unfair business practices and illegal schemes to gain market share at all costs and to damage, or even eliminate, competition.” ...

Co-living trend takes hold in pricey cities — First came co-working. Now shared living spaces are attracting tenants in pricey cities such as New York, San Francisco, Seattle, and Washington, DC. Read Cushman & Wakefield’s report on co-living. ...

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