Commissions under pressure Average commission rates for real estate agents fell nearly 1% in 2017 and this trend is appearing in the National Association of REALTORS® 2018 member profile. The median gross income for surveyed REALTORS® dropped 6% from $42,500 to $39,800. While this decrease clearly impacts REALTORS®, for the majority of brokers– whose business […]
The team model is one of the most powerful ways to do business in real estate, and for good reason. Real estate agents have to wear many hats (three guesses which my favorite is — see my profile photo), and not every agent is good at every aspect of the business. Teams free up individuals […]
We’ve all been smacked with the crude awareness that a transaction that started all warm and fuzzy has suddenly turned very sour. How do you deal when things go south with your clients? Find out here. Source: click here
Home price appreciation is growing at its slowest rate since August 2014, according to Redfin’s latest market report. U.S. home prices grew 4.7 percent in August, year-over-year and home sales fell 2.4 percent over the same time frame. Rebecca Walter, a Redfin agent in Portland quoted in the release, thinks it could be the price […]
Homeowners can breathe a small sigh of relief: property crime is on the decline, according to a report released by the FBI on Monday. Source: click here
The founder of The Agency and Western World Insurance are embroiled in a lawsuit involving the son of an African president and a seaside mansion in Malibu. Source: click here
This post has been reposted with permission from Mike DelPrete. Earlier this month, The Real Deal published an excellent article about Compass, and the article included one of my favorite things: numbers. Why it matters: Opinions aside, the latest numbers allow us to compare Compass to its peers and really answer dual questions: Is Compass doing anything […]
The largest RE/MAX franchise in the country has a new leader with a long history at the company: RE/MAX Results just promoted Brenda Tushaus to chief executive officer. Source: click here
As a team leader and the national director of the Compass Sports & Entertainment Division, Kofi Nartey is well-versed in helping his luxury real estate clients manage their wealth portfolios. “The biggest challenge we face, I think, is helping clients understand our role as a wealth adviser — because they already have wealth advisers,” Nartey […]
Despite the massive growth of online home search portals, many more consumers find their agents through referrals from friends or family, according to NAR data. Source: click here
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