The MLS company in Washington state is looking to help with the transition of how buyer-agents get paid. I'm not sure the agents appreciate it though! Could this help sellers see that paying a bounty to buyer-agents would incentivize a sale? The NWMLS, with its...
We are witnessing the demise of buyer-agents. The squeeze is coming from several directions, and all are rooted in the fact that there isn't enough business to go around. Thankfully, half of the realtors are of retirement age, and will drift away naturally. The...
I picked a great day to start the mortgage-rate tracker in the right-hand column! >>>> Mortgage rates haven't been in the 6% range since 2008: How many agents have operated in a 6% environment? It will be less than half of the active agents today. To...
Previously I said that buyer-agents are getting cut out of the action. There are so many reasons why: Commissions are grinding down. Buyer-agents have to sell more, to make the same $$. Working at higher price-points requires advanced skills. Can agents improve? Are...
The part that disrupters overlook is that the people doing the work need to be really good at advising and transacting real estate sales. It's not as easy as it looks! Real estate brokerage REX Homes became famous in recent years for spearheading an anti-trust lawsuit...
This is all we got?
https://journal.firsttuesday.us/sales-and-broker-population-2/61530/ More people continue to get their real estate license. It looks like there have been around 8,000 new licensees in each of the last 2-3 quarters! There are somewhere between 15,000 and 20,000...
Hoping for a big finish today - I'll be there 12-3pm!
A remarkable achievement considering that Compass has only been a nationwide company for 3-4 years. It will matter more later too. CoStar is going to change the search-portal landscape, and if they spend enough advertising money to get all the eyeballs, the...
Instead of pushing a Code of Ethics that is 109 years old and is unenforceable, the National Association of Realtors should do the same thing and require a similar bill of rights. Besides, once you ban blind bidding, then open auctions would evolve naturally!...
