The takeaways from the graph above will be different for different people. Not suggested: Those who did negotiate probably didn't get much of a discount. Most buyers and sellers were satisfied their agent was worth it. Better agents are prevailing. Why is it important...
Nykia Wright, the CEO of the National Association of Realtors, said this week that she expects a $32 million drop in revenue next year. The NAR agent fee is $156 per year, so she must expect 205,128 realtors to retire/quit by 2026 - which would be about 15% of the...
Compass agent Ben Faber started a discussion: JtR: If you find a halfway-decent home, it will probably be in the first seven days it’s been on the market. It’s when the listing agent goes into full defensive mode and all communication turns vague because they are so...
Howard Hanna Real Estate Services is the largest family-owned-and-operated real estate brokerage in the United States with 15,000+ agents and staff in 471 offices. (Compass has 33,000+ agents and 400+ offices). Their owner feels the same way about the Clear...
Buyers aren't crazy about signing a three-month contract just to see homes for sale - and neither are the buyer-agents. Every problem with home sales will get solved by cutting out the buyer-agent, even though it's bad for buyers....
https://www.nar.realtor/magazine/real-estate-news/nar-ceo-nykia-wright-meets-with-house-speaker-mike-johnson-congressional-leaders We are in Dallas for two days only and we'll be back home tonight. We came to the inaugural Summit Event here last year and it was jammed...
Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
The Compass CEO, Robert Reffkin, is a vocal opponent of the Clear Cooperation Policy. Those in the business call him names and say his only motivation for opposing the CCP is to promote in-house sales. The point that gets trampled over is that consumers and agents...
Fellow realtor Paul left this comment earlier: Thank you Paul! Why don't realtors adopt the full-transparency idea? Since the beginning of time, there has been an old wife's tale that agents can't divulge anything about the offers they've received. It's a bunch of...
