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Redfin expands 1% listing fee to 18 new markets

Half a percent might not seem like much, but Redfin has gotten a lot of mileage out of snipping that from its 1.5 percent list-side commission in some markets. Now the high-tech brokerage, which went public at the end of July, has rolled out this lower 1 percent fee to 18 additional markets, including New […]

Better Homes and Gardens Real Estate names new COO

Rich DeNicola Rich DeNicola has real estate in his blood. The newly named COO of Better Homes and Gardens Real Estate jokes that he was doing floor duty by the time he was five years old. “Mom would sub-contract me out to do mailings,” said DeNicola, who grew up in a real estate family and […]

Real estate digital currency startup charged with fraud

As buzz builds around the future of real estate transactions facilitated with digital currency, the Securities and Exchange Commission has charged two cryptocurrency companies — both owned by businessman Maksim Zaslavskiy — with defrauding investors through illegitimate initial coin offerings (ICOs) supposedly backed by real estate investments and diamonds. In July Zaslavskiy raised funds for […]

Markets ignore Trump tax proposal

The biggest news of last week is what did not happen. The Trump administration rolled out its tax plan, and markets ignored it. The plan has expanded from one page last spring to nine pages but is still just a list of principles, not detail. Markets did not react partly because there was nothing new, […]

Agents’ best defense against low inventory is great service

We’re in the midst of an intense listing shortage, but does that mean agents should ride this wave passively? Not if they want to stay competitive. Modernize your value proposition, help clients understand the market and do your best to make the transaction easier for your clients. Watch Chief Economist Danielle Hale, Joe Rand […]

Realtor wounded in Las Vegas mass shooting now stable

Andrew Gudmunson Andrew Gudmunson, a beloved young real estate agent with local Century 21 Action Realtors of Minot, North Dakata, is recovering from surgery in critical but stable condition after being shot and wounded by a gunman who opened fire at a Las Vegas concert Sunday night. The former University of North Dakota baseball and […]

Eliot Spitzer better hope the East River doesn’t wreck his new buildings

Eliot Spitzer, the former governor of New York and former state attorney general perhaps best known for his high-profile sex worker scandal, has lately taken the reins of his family’s storied real estate company Spitzer Enterprises (following in the footsteps of his late father Bernard). Arguably the most conspicuous new project Spitzer has going these days is […]

Fast-growing 100% commission brokerage acquires another of its kind

Frisco, Texas-based JP & Associates Realtors (JPAR), a 100 percent commission brokerage, has acquired Austin-based firm Private Label Realty (PLR). The deal, announced today by Real Trends, takes the combined firms to a total of over $2 billion in 2017 sales volume. The acquisition will bring JPAR’s total number of agents to 1,100. Twelve-year-old PLR of […]

Eye-catching twilight photos without the hassle

VHT Studios, the nation’s largest real estate photography studio, has added Virtual Twilight to its suite of virtual staging and editing services. With this debut, agents are able to showcase their listings in the very best light possible — literally. As a convenient alternative to traditional twilight photo shoots, the image specialists at VHT take […]

Agent as investor: How to blur the line and snag listings

Thomas Cafarella is absolutely crushing it in the Boston real estate market. Cafarella and his team pull in between 50-100 listing appointments per week with a simple strategy: reach out to sellers with cash offers in hand. Thomas Cafarella By reaching out to sellers with cash offers, you’ll have no trouble getting their attention and […]

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