Buyer agent commissions — the fee paid to a buyer's agent when a house is sold — is the focus of multiple class-action lawsuits. But it turns out that the biggest threat to the traditional structure might be iBuyers, which have been waging a silent, systematic war on buyer's agent commissions.
As interest in urban condos fluctuates and suburban mansions see multiple offers, the shift to decentralized work is disrupting both buying and selling trends across luxury markets. Buyers are adjusting how — and where — they’re opting to live. It’s up to luxury agents to help clients list and acquire properties amid all the uncertainty of remote work.
Successful brokerages want to work with successful companies. Think about that for a second. It’s such a simple concept, but it means so much when it comes to finding the right companies to partner with. Many real estate professionals only scratch the surface before deciding what brokerage they would like to work for.
With Zillow and Opendoor building a totally tech-driven transaction at the expense of real estate agents, agents must figure out how they can come out on top. Those agents who find this scary and those that find it exciting will likely predict who survives and thrives, and who become extinct.
Between today’s rapid-paced market, uncertainty surrounding COVID-19 and a perpetually alarming media cycle, a few things are certain: We’re all tired. We’re all frustrated. And we’re all focused on how little control we have, rather than how we can use our own individual power to get through this. (Gesturing broadly: YES, ALL OF THIS.)
Being an entrepreneur means you have a deep passion for building something from nothing. It also means you are willing to push yourself to the limit to achieve your goals. The entrepreneurial spirit isn’t something you are taught, it’s something you must develop within yourself.
Big-name listing portals continue to bring controversy. In light of recent announcements, the debate over their role in the industry isn’t going away. One of the most contentious topics over the years has been the portals’ use and resale of brokers’ listing data.
Providing a buyer's-eye view is something you, as their agent, need to do whenever they decide to sell. The place to start is, of course, at the curb. Here’s a checklist of curb appeal items to review with your sellers.
There are a lot of hidden costs that go into closing — and many sellers aren't aware of them. That's why it's your job as the listing agent to educate them on what's to come and keep the process running smoothly.
John L. Scott Real Estate, a brokerage with over 110 offices and 3,000 brokers across four states, has teamed up with end-to-end iBuyer platform zavvie to create its new iBuyer platform, Instant Purchase Plus+.