The DRE has finally issued 'guidance' on the Coming Soons. Ignored are these facts about agents making off-market deals with no MLS exposure: We see top agents doing it regularly, There is no enforcement whatsoever, and You give us the forms to CYA (last paragraph)....
Today, Ryan Gorman, the CEO of NRT which owns Realogy (Coldwell Banker, Century 21, Corcoran, etc.) took a major shot at Compass. He released this two-page 'questionnaire' for his agents to use when interviewing with Compass, but he sure comes off as desperate and...
According to the Realtors Confidence Index national survey, 89% of home sellers were at least 35 years old, and two-thirds were selling their primary residence: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Of those who bought a home, 72% were at least 35 years...
Our broker-cooperation model of sharing listings though the MLS has been the lifeblood of selling homes since the early 1960s. But it is breaking down right before our eyes. It's not going to happen all at once, or even happen out in the open. Instead, the sharing...
More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....
Below is the evidence put forth by a Bay Area realtor to show two things: Redfin home-value estimates are tied to the list price, and their estimates are increased as they gauge the traffic. Buyers are assuming the Redfin estimates to be accurate, and rely on them...
They charge even less in America, and you need good help to handle the load: "Broke" real estate agents are quitting British disrupter Purplebricks in droves as the fixed-fee agency's low-margin, high-turnover business struggles to achieve enough sales amid a slowing...
The idea of disrupting realtors has been around for years, but now several companies, backed with mega-millions in VC money, are making a dent. They may not be taking a lot of the business away (yet), but they are being noticed. It appears some of the big...
https://twitter.com/bradInman/status/1011730002570719232 For an industry that has been stagnant and mostly unaffected by disintermediation/disruption over the last couple of decades, you get the feeling that change might be afoot now. It's asking a lot, but what we...
The FTC and DOJ conducted a workshop this week about the competitiveness in real estate. There hasn't been much press coverage, but Rob has summed up the bulk of it here: [button link="http://www.notorious-rob.com/2018/06/brief-reflections-on-the-doj-ftc-panel/"...
