Listing agents dropped from NAR's controversial attribution proposal
A requirement to display listing firm contact information 'at least as prominently as any other contact information' was stricken from the proposal, which passed on Saturday
by Andrea V. Brambila Nov 15
What to expect at NAR's Realtors Conference & Expo this week
Olympic gymnast Simone Biles and former NFL quarterback Drew Brees to speak at Realtors Conference & Expo in San Diego, plus much, much more
Finance firm backed by Ryan Serhant expands business to South Florida
The company's services are now available to agents and brokerages in South Florida that want to receive their commissions up front
by Daniel Houston Nov 5
Are 0% commissions looming on the horizon?
Opinion
Industry veteran Bernice Ross argues that a business model in which a brokerage makes the majority of its profits from ancillary services like mortgage and title is not sustainable in the long run
by Bernice Ross Nov 4
How not to lose the commission battle with sellers (and the listing)
When it comes to the commission battle, a lot of agents cave into reducing their fees instead of working to persuade sellers otherwise. Here's why sellers make this request and how to overcome it
by Bernice Ross Oct 29
'We can’t be generalists': How broker-owners compete for agents
Technology is essential for any broker-owner — but so is achieving buy-in from agents; two experts discuss the topic at Inman Connect
by Daniel Houston Oct 26
NAR president to DOJ: Step up and honor the agreement
Opinion
In response to the Department of Justice hitting back against a petition from the National Association of Realtors, NAR president Charlie Oppler urged the DOJ to honor their agreement, calling for fair markets, fair housing and a fair chance for small businesses
by Charlie Oppler Oct 22
Consumer watchdog: The real estate industry regulates itself
A report from the Consumer Federation of America found that the vast majority of seats on state real estate commissions are held by industry members and not one is held by a consumer or housing advocate
by Andrea V. Brambila Oct 21
DOJ to NAR: Increased competition could save consumers billions
In court filings, regulator says rules 'restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations'
by Andrea V. Brambila Oct 19
Buyer commissions in — lockboxes out — when NAR votes next month
The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won't consider change to lockbox policy
by Andrea V. Brambila Oct 15
6 reasons NAR's commission rules work
Opinion
Anthony Lamacchia doesn’t see the agent commission 'reckoning' as better for consumers as many are painting it. NAR is doing its job for consumers and Realtors. Here’s why
Inman Top 5: The biggest stories of the week Oct. 1-5, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Inman Oct 8
HomeSmart+ to offer referral income to agents
HomeSmart now offers a new model for referral income and retirement contributions. To participate in HomeSmart+'s revenue-sharing program, agents will forgo the company's traditional 100 percent commission structure for an 80 percent model
by Craig C. Rowe Oct 7
'This is not a blip': Antitrust experts warn RE leaders to work with DOJ
The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, 'It's better to be part of the process ... than having the rules written for you'
REX: 'Outmoded' real estate rules 'struck a vein' with DOJ
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should 'shock the conscience' of anyone interested in equity in housing
Inman Top 5: The biggest stories of the week Sept. 25-30, 2021
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
by Inman Oct 1
Why REX pays buyer agents and uses MLSs — sometimes
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
REX CEO calls on NAR to repeal 'anti-consumer' rules at conference
In an open letter, Ryan alleges the National Association of Realtors' rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November
by Andrea V. Brambila Sep 30
Commission rebates: 'Oh, hell no'
Opinion
Agents flock to Facebook groups to find answers to commission objections only to find a lot of useless chatter. Here's a breakdown of the most common handlers and what works
by Jay Thompson Sep 28
NAR to consider listing attribution, DOJ-inspired policies at big event
Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November
by Andrea V. Brambila Sep 24
NAR vs. DOJ: A timeline of the battle as it stretches into 4th year
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
by Andrea V. Brambila Sep 16
DOJ quietly resumed NAR probe days after settlement withdrawal
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
by Andrea V. Brambila Sep 15
Largest MLS in nation signs off on slew of big changes to listings
California Regional MLS, which boasts more than 108,000 subscribers, has instituted changes on how listing agents and brokers appear on online listing pages
Want a pay raise? 6 tips for increasing your average sales price
Increasing your average sales price is simply a small shift in focus followed by a strategic plan to position yourself as the luxury expert. Here are six steps that will help you do just that
by Jimmy Burgess Aug 27
Are real estate commissions going down? Not so much
Opinion
If home prices are at an all-time high, how can we say that commissions are going down? Here's what agents might not be noticing when it comes to their commission
by Teresa Boardman Aug 12
DOJ intervenes in REX antitrust suit against NAR and Zillow
The federal agency says NAR can't use a 2008 consent decree to shield itself from investigation of its rules
by Andrea V. Brambila Aug 10
Homes listed in the MLS sell faster and for nearly 17% more: Study
Bright MLS looked at 442,829 home sales across its 6-state Mid-Atlantic footprint that sold over a 24-month period
by Andrea V. Brambila Jul 30
22 common ways agents violate the Realtor Code of Ethics
Broker and ethics hearing officer Barbara Betts details the ways agents misrepresent themselves and the transaction, sometimes inadvertently
by Andrea V. Brambila Jul 27
Inman Review: Can iBuyers get you leads? They can with Zoodealio
Opinion
Not quite an iBuyer, Zoodealio does in some instances buy a seller's home, but the software's experience is clearly developed around getting agents more listing leads
by Craig C. Rowe Jul 23
Dueling NAR and REX op-eds hint that DOJ will target commissions
National Association of Realtors: 'The Administration has publicly signaled a lack of understanding about the MLS system and the associated commission structure'
by Andrea V. Brambila Jul 22
Defend your commission: 5 reasons you're worth it
To handle the commission objection with utmost confidence, you have to first know your value. These five reasons that illustrate why you’re worth every penny are truly just the tip of the iceberg
by Darryl Davis Jul 22
Zillow, NAR formed 'group boycott' to enforce commission rule: REX
REX alleges that the National Association of Realtors and Zillow use NAR's segregation rule to hinder competitors who don't comply with NAR's commission rule
by Andrea V. Brambila Jul 21
3 ways Biden could change real estate
Real estate experts share how President Biden's latest executive order could impact real estate from licensing to noncompete agreements to antitrust lawsuits
by Marian McPherson Jul 19
Zillow, NAR slam REX's alleged use of antitrust as a business strategy
Real estate giants ask court to toss the discount brokerage's lawsuit over optional MLS rule
by Andrea V. Brambila Jul 14
NAR, stop fighting for commissions — make better Realtors
Opinion
NAR has been fighting for commission while letting the industry slide in the public’s opinion. Here's what we should be doing
by Bret Weinstein Jul 12
Agent commissions expected to soar to record high in 2021
Total commission revenue in 2021 could ultimately top $100B for the first time ever, according to a new report from Knock
by Jim Dalrymple II Jul 12
NAR 'cut a deal' with Trump DOJ to undermine commission suits: CFA
The National Association of Realtors countered that the Consumer Federation of America's assertions are 'wrong and misleading' and 'commissions are very much negotiable'
New agents, it’s not about the split
So many new agents choose a brokerage by going with the one that offers the highest split. This can not only be a huge mistake, but it can set a newbie up for failure
by Carl Medford Jul 7
Is this the right fit? Here's how to bet on the right brokerage
As a new agent, choosing a brokerage is a vital and nerve-wracking decision. To help ensure a good fit, print out these questions, and make sure to ask them during your interview
by Bernice Ross Jul 3
With new FTC chair, expect greater scrutiny on the real estate industry
Lina Khan's appointment at the Federal Trade Commission last week appears to indicate the Biden administration plans to take an aggressive approach to antitrust regulation
by Andrea V. Brambila Jun 29
'You have to manufacture your own inventory': RE/MAX CEO
RE/MAX CEO Adam Contos spoke to Inman about what agents can do when new homes are slow to hit the market and revealed his thoughts on his brokerage's commission splits
Connecting with Veronica Figueroa: Our new normal demands world-class service
Ahead of Inman Connect, the eXp Realty team leader says agents have the chance to offer service that keeps clients coming back
Top Agent Network takes aim at office exclusives in NAR pocket listing policy
Top Agent Network argues that office exclusives result in less inventory, less exposure for listings and less consumer choice while benefitting large brokerages
by Andrea V. Brambila May 27
'Double-dipping agents' overcharge consumers billions in commissions
The Consumer Federation of America says dual agency should be banned, but double-ending should not be so long as agents discount their commission and act as facilitators
by Andrea V. Brambila May 27
Cash-offer startup Homeward scores $371M in funding
The funding is split between $136M in equity and $235M in debt and will go toward expanding the company's scale
by Jim Dalrymple II May 27
The New Normal: What if agent pay was more than just commissions?
Commissions are still king, but more and more agents are looking for alternative revenue streams in the form of stocks and profit sharing
by Jim Dalrymple II May 26
Agent/broker perspective: How can brokers resolve frustrations over uneven commission splits?
Opinion
A buyer's agent is upset about listing agents demanding a larger piece of the sales commission. How should her broker react?
by Anthony Askowitz May 18
NAR: 'The MLS is under attack'
Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating
by Andrea V. Brambila May 11
10 new construction gotchas agents should watch out for
Navigating new construction is like walking through a field of landmines right now. You can never really be certain of the ground you are setting foot on because all continues to change at a rapid pace
by Cara Ameer May 11
NAR: Don't work without a written listing agreement
Trade group says agents and brokers want to avoid MLS policies and rules, but are taking on major risks
by Andrea V. Brambila May 10
Divorcing? Here's what agents should know about spousal, child support
For salaried employees, child or spousal support depends on the parties' combined income. However, for agents with fluctuating income based on commissions, how is that support figure calculated?
by David Glass May 6
Compass faces fourth lawsuit since initial public offering
Former Compass agents Todd and Lisa Sheppard have filed a class-action suit against the brokerage for allegedly price-fixing and making unfair commission deductions
by Marian McPherson May 4
8 things agents need to know about filing 2020 taxes
North Carolina-based tax professional Dalaine Bradley shares what real estate agents need to know about filing taxes in the midst of a pandemic
by Marian McPherson Apr 27
Ethics violation, lawsuit or worse: 10 situations that get agents in trouble
Even earnest agents make false steps that end up in an ethics violation, a suit or revocation of a license. Check out Inman's handy charts to learn the consequences of 10 situations
by Lillian Dickerson Apr 26
Salaried agent model is a 'game changer' says former Realogy leader
Charlie Young, who left Coldwell Banker last year, is joining the board of a flat-fee brokerage that pays its agents a base salary rather than a conventional commission
by Jim Dalrymple II Apr 14
5 big challenges for REX Real Estate in 2021
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
by Andrea V. Brambila Mar 29
Commission, appraisals, inventory: 11 challenges agents face today
Opinion
Last year forced real estate agents to adapt in an ever-evolving landscape. Here are the top challenges agents face daily
by Kuba Jewgieniew Mar 24
NAR-DOJ rule changes won't come for months
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March
by Andrea V. Brambila Mar 23
Compass, Sotheby's roped into latest suit alleging 'inflated' commissions
The new antitrust lawsuit, filed Friday in California, also names the National Association of Realtors, Realogy, Keller Williams, RE/MAX and several other companies as defendants
by Andrea V. Brambila Mar 23
Listen: REX releases recordings of agent steering
One agent told the discount brokerage: 'I won't bother to show [the listing]. Who's your local agent though because I'll make sure to tell people not to work with them'
by Andrea V. Brambila Mar 18
NAR claps back on commission attacks
Trade group's president accuses commission detractors of duplicity 'for a payout' under the guise of protecting consumers
by Andrea V. Brambila Mar 18
How high exactly are Compass' agent commission splits?
Compass has 'Berkshire Hathaway’s cost structure and eXp’s revenue structure' an industry source told Inman
by Patrick Kearns Mar 17
10 questions to answer before you build a team
Panelists at Inman Connect Now discuss how to tell if you're ready and how to make sure your team doesn't fail
by Andrea V. Brambila Mar 16
IBuyers continue to see massive financial losses: DelPrete
Opendoor’s record-low selling costs dropped from 3% to 2.1%, which is likely the result of Opendoor continuing to push down buyer's agent commissions offered on its houses
by Mike DelPrete Mar 10
11 objection-handling scripts agents need today
When it comes to working with buyers, objections are buying signs. Your role is to uncover their concerns, address them and move your clients forward in making the purchase. Here are a few important scripts to keep handy
by Bernice Ross Mar 10
50% of agents will leave: One broker predicts real estate's future
Opinion
As an industry, we should stop obsessing over things we can’t or won’t fix and take a look inward at the things that make us special as individual agents and organizations. Here's why
by Ryan Rodenbeck Feb 26
Redfin: Real estate commissions will drop due to iBuyers, public display
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
by Andrea V. Brambila Feb 25
Nearly half of real estate regulatory agency websites ignore consumers
41% of state real estate regulatory agency websites present 'poor' information to homebuyers and sellers while devoting themselves entirely to real estate professionals, according to a new report by the Consumer Federation of America
by Andrea V. Brambila Feb 24
5 reasons to give your transaction coordinators a raise
From getting the most out of your transaction software to being the master of the office calendar, a transaction coordinator's value to an ever-more digital office environment is more valuable than ever before
by Craig C. Rowe Feb 20
Considering a brokerage change? Ask yourself these 3 questions first
Thinking of making a switch and moving your business? As you evaluate the brokerage you're currently with and consider exploring new horizons, keep these points in mind
by Amy Galvin Feb 17
California Regional MLS allows display of buyer agent commissions
Listing brokers and agents will not be able to opt out of having the compensation they're offering made public, according to the California Regional MLS
by Andrea V. Brambila Feb 12
WATCH: How to get ahead in real estate (really!)
High-earning luxury brokers Rayni Williams and Dawn McKenna shared the keys to success at Connect. Here, watch the entire video as a special Select subscriber benefit
by Inman Feb 5
Stay the course: How to help agents hit their new year goals
It's one thing to set goals, but those goals are pointless if they're forgotten by Q2. However, there are easy ways to help your agents keep their eyes on the prize
by Troy Palmquist Feb 4
Should agents offer reduced commission rates? It's complicated
Opinion
Despite the fact that commission rates are how you make a living, there are certain clients who will ask for a discount, while other clients might warrant a reduced rate. Here, we break down the pros and cons of offering a reduced rate
by Luke Babich Feb 4
Upgrade your business: 8 areas every agent should invest in
At its core, real estate is a sales job, but staying relevant requires many skills, like marketing, creativity, technological innovation and more. To step up your game and elevate your business, here's where you need to invest time and money
by Marco Del Zotto Feb 3
Realogy beats back commission fraud lawsuit from investors
Judge says pointing to antitrust lawsuits and a Department of Justice investigation 'is insufficient' to show anticompetitive behavior
A commission suit with a twist: It's the buyers who are getting screwed
A new lawsuit filed earlier this week sits in stark contrast to 3 previous homeseller suits that allege commission sharing between cooperating brokers inflates seller costs
by Andrea V. Brambila Jan 29
How to get ahead: Know your strengths, and don’t take vacation
High-earning luxury brokers Rayni Williams and Dawn McKenna shared the keys to their success during Inman Connect Thursday, with Williams telling attendees, 'If you don't work 24/7, you're just not going to be great'
by Lillian Dickerson Jan 28
Tech brokerages see bundling, salaries as the future of real estate
During an Inman Connect session on Thursday, executives from Homie and Orchard advocated an approach that includes bundling more services under one roof, and treating consumers — not agents — as brokerages' primary customers
by Jim Dalrymple II Jan 28
8 ways real estate agents can combat commission compression
Keller Williams trainer Dana Cadena and Compass Texas sales manager Bryan Pacholski share how agents can garner the commissions they deserve
by Marian McPherson Jan 27
Agents see income, satisfaction rise despite pandemic: Inman survey
Inman's Agent Appreciation survey shows more respondents are now making six figures than when a similar survey went out last year. Satisfaction with compensation is also up
by Jim Dalrymple II Jan 19
Inman Handbook: Paying attention to getting paid
Most agents today make commissions, but there are many ways those commissions can actually work
by Jim Dalrymple II Jan 18
Recordings of Houston agents by rival brokerage reveal commission steering
REX CEO Jack Ryan said he believed the recordings contributed to getting the US Justice Department's antitrust lawsuit against the National Association of Realtors off the ground
by Lillian Dickerson Jan 12
Take Inman's second annual Agent Appreciation survey here
As we begin a new year, Inman wants to know how you're feeling about your career, your compensation and your life
by Jim Dalrymple II Jan 11
Are you a top performer? 13 questions to ask yourself
What’s the difference between a top performer and everyone else? Even more importantly, how can you know where you stand? Here are a few questions that’ll help you figure out how you’re doing — and what you need to improve in 2021
by Bernice Ross Dec 30
Be prepared! 11 reasons agents might leave your brokerage in 2021
Every year, new agents join the office, and others leave. Your job as broker or manager is to look for red flags and identify which issues, life events or frustrations can affect your agents and staff members right now. Here are a few to watch out for
by Erica Ramus Dec 29
Stop it! 7 things not to say when defending your commission
Being asked to cut your commission is no fun. There are good ways to handle it, and there are bad ways. Here are the ways agents typically defend themselves — and the arguments that are best left unsaid
by Jay Thompson Dec 23
Defend your commission! 3 steps for showing sellers you’re worth it
Opinion
Here's how to differentiate and showcase your value from the get-go at the listing appointment
by Carl Medford Dec 14
Streamline new agent engagement with Guru Solutions
Opinion
The butts-in-seat model of building a brokerage may make a lot of money, but it rarely makes top producers. Doing better by your new recruits starts with better onboarding.
by Craig C. Rowe Dec 11