Trying to do my best to educate, educate, and then educate some more. There is a huge difference in real estate brokerage models, and it’s NOT all about the money. It IS all about the consumer, and the agent's freedom to deliver what the consumer demands. Shout out to HousingWire and RealTrends for publishing my most recent article. #BeBetterBeBenchmark #DiscoverBenchmark #BenchmarkRealty #realestate #RealEstateBrokerage
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I'm really curious to see how these changes to real estate commissions will ultimately impact the consumer. At a high level, these changes seem like they cut both ways. Does this mean pocket listings are now OK? Those aren't good for consumers. Also, removing the ability to advertise the commission also means that low commission firms can't advertise the fact on their listings. My guess would be that most agents continue to charge typical fees, but there seems to be less transparency now. Curious to hear thoughts. I once held my license and was a (small-time) real estate investor/developer, and I'm dipping my toes back into RE investments- but there are far more knowledgeable folks out there and I'd love to hear opinions. #realestate #rei #investing #realestateinvesting
Our Q3 Market Report is officially here! While we currently find ourselves in a cycle of high prices, rising interest rates, and strong buyer demand, it’s important to remember the saying, “this too shall pass.” Opportunities exist in every market, and owning a home is always a worthwhile endeavor for building equity and net worth. We've put the latest data and a brief analysis to keep you informed about the real estate market. View the digital report using this link: https://lnkd.in/eErQzExF #realestate
The real estate brokerage industry is undergoing a major transformation. In the past, real estate agents were the gatekeepers to the market, but today, more and more people are turning to online tools and resources to find homes. This shift is forcing real estate brokerages to adapt their business models and find new ways to add value to their clients. Here’s what you need to know how things are changing and what this means for the industry.
A substantial transformation in the real estate market is looming as an expert suggests a potential 30% reduction in the massive $100 billion that Americans pay annually in real estate commissions. This development could bring significant changes in how transactions are conducted in the industry. Read more below. https://lnkd.in/gPGYiXwe
The Clever Real Estate survey unveiled a compelling insight: sellers who partnered with an agent saw an average profit increase of $46,603 compared to those who went without professional representation in both 2022 and 2023. The equation is clear — trust, fiduciary responsibility, market expertise, an arms-length approach, and time investment all contribute to maximizing the dollars in your pocket. It's a trade-in of tangible dollars for the invaluable returns of intangible benefits. #bestapproach #mheagneyhomes
In recent years, property transactions have experienced delays, Landmark Information Group data found that it took an average of 29 days longer to complete a purchase in 2022 than in 2019. In the latest ESTAS newsletter, Ben Robinson, Director of Introducers explores the value sitting within the buying chain – and the answer lies in creating more certainty and removing delays. Read the full article here: https://lnkd.in/eSNp252A #PropertyTransactions #HomeBuying #EstateAgents #PropertyUK #LandmarkData #LandmarkInformationGroup
If “Home buying is not a transaction. It’s an investment in one’s future self. It shapes one’s sense of purpose, social connections, physical well-being, financial security, and more. It’s foundational to healthy longevity.” Then how will we deal with the effects of the new rule?
CEO @ Here | Healthy Longevity x Place | Place Planning | Speaker | Bestselling Author | Strategy Consultant
In light of the recent news, the distinction between a transaction-minded real estate broker and a solution-oriented real estate professional will soon never be so pronounced, and the economic viability between the two will never be so stark. Friday’s ruling with the National Association of Realtors (NAR) is leading to rampant speculation on the future of the real estate brokerage field. Norm Miller, a professor emeritus of real estate at the University of San Diego, predicts this ruling “will blow up the market and would force a new business model.” Others claim that this is the biggest change to real estate since the measures related to the New Deal nearly 100 years ago. What remains unchanged is the gravity of finding a home – the right home – which is often a complex and always crucial decision. Real estate professionals can (continue to) differentiate themselves from real estate brokers by providing key value in at least the following ways: ☞ Help Clients Understand the Importance of Making the Right Decision. Home buying is not a transaction. It’s an investment in one’s future self. It shapes one’s sense of purpose, social connections, physical well-being, financial security, and more. It’s foundational to healthy longevity. Real estate professionals can assist their clients in making wise decisions about place. Unwinding bad decisions is often difficult and always costly. ☞ Provide High Customer Service Matching their Clients’ Needs. Real estate professionals understand their role as quarterbacks of the process and transaction. A client’s problem is their problem. Having a broad network of experts to bring in to provide counsel or content becomes increasingly important. ☞ See Beyond the Transaction. The average American adult moves a dozen times. With increasingly long lives, there will likely be more moves at mid-life and beyond. These moves can be especially complex. A trusted real estate professional on one’s team will be increasingly valuable. No one has a crystal ball on how exactly the ruling will impact the real estate industry. We do know that the historical real estate brokerage system rewarded mediocrity. Transaction-minded real estate brokers were compensated the same as solution-minded real estate professionals. There will always be a need for real estate professionals – especially in a world of increasing complexity and change – and I bet that the strong ones will stand out and have a business model that rewards them for the value they provide.
Ottawa based realtor specializing in unique homes and equestrian life. Find your dream home today! 🗝️
EXTRA, EXTRA, read all about it. The NUMBER 1 name in Real Estate. https://ow.ly/xqes50Qyv9g #realestate #remax #trustedrealestateagents
#RealEstateChanges Fascinating tidbit -the economy is made up about 1/5 of it with real estate?! The changes in the housing market continues to be fast-moving in many ways. This is just one more change in the #realtor world for now. #BrokerCommissions Vikram Marashani in a an article yesterday really dove deep into what the changes might mean for the industry and how it might pan out. #TodaysRealtor
Just a week ago, the National Association of REALTORS® and others got hit with a big court ruling in the Burnett v. NAR case. This shakes up how agents get paid. This case has generated significant buzz and is reshaping the way clients and real estate professionals approach real estate transactions. Buying and selling homes can be tricky, and people need smart agents to help them. If you can show you're really good at your job, you can succeed in this new way of doing things. Check out our new blog for tips on how to be a better agent and build trust with your clients: https://hubs.la/Q027ZfXq0 #realestatechanges #innovation #realestateagents #realestate #realtors
Founder/CEO at The Holden Agency, THA Brands, Mortgage, Title, Capital, Holden property management, former professional athlete, Author, motivational speaker
3wAlways thank you for the great information!