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Co-ownership Model Works for Independent Broker

September 19, 2019
Janene Johnson is one of eight owners of a boutique brokerage in a ski town, and she says the model has worked remarkably well. Most of the eight owners of Real Estate of Winter Park in Winter Park, CO, previously were affiliated with national firms. They formed the company with a goal of pooling resources…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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Startup Brokerage Markets Fee-For-Service Model

August 22, 2019
Attorney and entrepreneur Michael Talkow believes traditional listing agents charge too much for their services. His startup, Listingly, promises to list properties on the multiple listing service for a fee of just $9 a month. That price includes a for-sale sign and Realtor forms and contracts, not to mention exposure on Zillow, Trulia, Realtor.com, and…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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As VA Streamlines Loans, Mortgage Program Becomes More Attractive

August 8, 2019
Some agents would rather go to boot camp than work with a buyer or seller using a VA loan. But proponents of the program say loans backed by the U.S. Veterans Administration are becoming far more user-friendly for buyers, sellers, and agents. That helps explain why VA loans make up a growing share of the…To read more — login/sign up

 

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Lawsuit Claims “Conspiracy” Keeps Commissions Artificially High

July 25, 2019
A Minnesota company has filed two lawsuits accusing the real estate industry’s biggest players of illegally conspiring to maintain high fees for buyers’ agents. The suits, filed in federal court in Chicago, name as defendants the National Association of Realtors, Realogy, HomeServices of America, RE/MAX, and Keller Williams. In recent years, much of the competition…To read more — login/sign up

 

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August 2019

Realtor association revenue, executive pay on the rise — The nation’s 60 largest Realtor organizations pulled in more than $700 million in revenue in 2017, and they paid their CEOs more than $23 million. View interactive graphics showing revenue and compensation. ...

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Do Open Houses Sell Homes?

July 12, 2019
The conventional wisdom in real estate holds that an open house is a nearly useless marketing tool, at least when it comes to moving the property that’s being shown. But a new report from Redfin might poke holes in that long-held assumption, or at least add some regional nuance. The Seattle-based brokerage analyzed nationwide transactions…To read more — login/sign up

 

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