Tag Archives: commissions

Opendoor can’t hang on to profitability as Q3 revenue craters

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The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading →

Redfin CEO: With commissions in peril ‘cooperation may crumble’

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Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading →

Sitzer | Burnett closing arguments wrap as judgment day approaches

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In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions. Continue reading →

The activity with best ROI? It’s old-school networking, Intel poll shows

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Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time. Continue reading →

‘Rabbit gets the gun’: The essential guide to Week 1 of Sitzer | Burnett

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Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri. Continue reading →

As objection handlers come under fire, these 7 ChatGPT ideas hold up

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Although you need to be careful with ChatGPT and other AI platforms, they can offer a great resource for idea generation. We asked for ideas on handling objections and got some surprisingly solid suggestions.
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Agents steer buyers to homes with better commissions, study claims

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The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell. Continue reading →

Chris LeBarton: How the Inman Intel Index changes the game

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Inman Director of Research Chris LeBarton is tracking industry sentiment at a major inflection point. He shared what he’s learned from results of the inaugural Intel survey — and what’s to come. Continue reading →

‘Modest’ commission proposals are insufficient, says watchdog

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Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions. Continue reading →

In ‘sudden’ reversal, NAR says listing brokers can offer 0%

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An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a “stunning admission of guilt” on the eve of a class-action trial set to start Oct. 16. Continue reading →