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Part 3: Broker Launches iBuyer Platform

December 5, 2019
December 5, 2019 — Real Estate Broker’s Insider has been focusing its coverage on broker/owners who are trying new approaches to stay ahead of the fast-changing industry. In Tampa Bay, FL, Kenny Hayslett of RE/MAX Action First created an iBuying program. Offerpad, Opendoor, and Zillow Offers are buying homes in the Tampa market. So far, the…To read more — login/sign up

 

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Part 2: Broker Ditches Realtor.com

November 21, 2019
Real Estate Broker's Insider has been focusing its coverage on broker/owners who are trying new approaches to stay ahead of the fast-changing industry. In Tinton Falls, NJ, RE/MAX Select has given up Realtor.com leads. For years, RE/MAX Select was one of the most active buyers of leads from Realtor.com However, President Rob Lyszczarz says the 17-year…To read more — login/sign up

 

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December 2019

Contrarian broker sees iBuyers as fools waiting to be fleeced — The arrival of deep-pocketed iBuyers has left many traditional brokers fearing that major disruption finally has arrived. That's not the case with Greg Swann. Read his controversial e-book. ...

Consumer group faults real estate industry for lack of transparency in commissions — Read the Consumer Federation of America report, Hidden Real Estate Commissions: Consumer Costs and Improved Transparency. ...

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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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