Author Archives: Andrea V. Brambila

‘I am not a tour guide’: How to nail tough commission conversations

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Panelists Smita Singh, Cindi Hagley, and Kraig Klaus discussed client requests to negotiate or cut their pay at Inman Connect Las Vegas on Wednesday Continue reading →

Everyone is coming after agent commissions, DelPrete tells ICLV

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During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models. Continue reading →

Homebuyers sue REX after losing $140K in wire fraud scam

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The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage’s title company and sent the buyers fraudulent wiring instructions. Continue reading →

Realtor income rose by double digits in 2021, says NAR’s Member Profile

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The trade association’s 2022 report finds that the median gross income for Realtors overall grew 25.3 percent last year, but the increase was smaller for sales agents Continue reading →

NAR chief economist: Don’t expect big changes in mortgage rates

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Speaking at NAR’s Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said “inventory is turning” and the housing market is heading back toward a pre-COVID normal. Continue reading →

Commission study paid for by HomeServices comes under fire

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The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading →

Northwest MLS to directly spell out homesellers’ commission obligation

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Effective Oct. 3, NWMLS’s forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid. Continue reading →

North Carolina Regional MLS now covers 51% of the state

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A wholesale cooperative model has spurred NCRMLS to rapid growth, serving 449 cities and towns in 49 counties by adding the MLS of Roanoke Valley Lake Gaston Board of REALTORS. Continue reading →

New MLS company will sell data, pay brokers for their listings

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REdistribute, formed by California Regional MLS and Bright MLS, is a joint venture that plans to deliver aggregated MLS data to financial institutions starting in 2023. Continue reading →