“Believe it or not, there was a time when people needed to be convinced that the internet would matter. In 1995, when web browsers were first becoming commercialized, I had the opportunity to tell the real estate industry that the internet was going to change the way business was done. That turned out to be true.”
What used to be a cooperative system is fragmenting into competing strategies—portals seeking consumer attention, brokers defending inventory, and agents working to secure direct, contractual relationships with buyers.
More importantly, brokerages should review their training programs to caution agents regarding what can be said and what should be avoided in advising buyers as to steps in the loan process – in short, what are the RED FLAGS.
If an advertisement or promotional material described in paragraph (1) is posted on an internet website over which the real estate broker or salesperson, or person acting on their behalf, has control, they shall include the unaltered version of the images from which the digitally altered images were created in the posting
Here’s Saul talking about the value of a skillful negotiator aligned with the buyer’s best interest, whether compensation be by way of hourly, flat, traditional split, or a performance-based model that promotes transparency and trust as buyers can see the direct correlation between the agent’s negotiation efforts and their compensation.
The most difficult questions focused on why the DOJ took the position that the written buyer agreements required to show a property were possibly an antitrust violation.
Expect intense competition to occur among brokers fighting to earn the exclusive representation agreement on the buyside, just like listing brokers always had to sharpen their presentation skills to win the exclusive listing contracts on the sellside.
If we we can package that data up and sell it to other people who might be interested in it in the secondary market, like the capital markets, then we generate enough revenue to where we could compensate the true content providers – the brokers and agents.
Did you know that it was only fifty years ago, in 1974, legal protections were finally put in place that allowed a woman to secure
Building an MLS using a comprehensive and globally accepted data standard creates an agile framework that allows even the smallest real estate markets to plug into the global property search landscape and take advantage of leading innovations in the industry.
One of the sneakiest parts of early stage Alzheimer’s is how ordinary envelopes turn into panic. This week’s Letter from Tim starts with a property tax bill, a very real moment of “Did I forget something huge,” and turns into a practical guide to decoding what that bill actually means if you have a mortgage. Dementia or not, this one hits a lot of kitchen tables.
Learning Real Estate One Word or Phrase at a Time… ACTUARY An actuary is a professional who uses mathematical and statistical methods to assess and
Consumers want speed and convenience, yes. But they also want someone who understands their needs. The “why” behind the documents and decisions. The “how” behind the execution.
