As the debate over the Clear Cooperation Policy (CCP) and the proliferation of private listings has heated up, the term “fiduciary duty” has been bandied about. But could listing a client’s property on a private network instead of the MLS really be considered a breach of fiduciary duty? HousingWire consulted legal and consumer advocacy experts to find out.
We all know what we need to do to grow our business. It’s about making meaningful connections and creating a network of people who know, like, and trust you—not just as a loan officer, but more importantly, as a person.
Sounds easy enough. But how do you actually build that network?
The real estate industry is facing another change. This isn’t the first time, and it won’t be the last.
In the face of change, the industry has always innovated on behalf of buyers and sellers. This time, it’s about updates to the Clear Cooperation Policy.
As a real estate professional, it’s fair to say that you’ll have plenty of opinions regarding the properties you show buyers. Depending on your time in the industry, you may have seen hundreds, even thousands of listings at a wide variety of price points. Over time, you’ll cultivate a personal opinion about properties, sometimes within seconds of stepping over the threshold. But when should you share your opinion with a buyer? It’s not always appropriate to tell them what you think, but in other cases, sharing your thoughts is required by law. Here’s how to walk that line.
With the numbers showing a slight dip in commission percentages, one might assume the impact of the NAR settlement is minor. However, agents are discovering that the challenges are about more than just the amount of commission they are earning.
There is a growing trend in the real estate industry that puts sellers at a serious disadvantage: private, or “off-market,” listings.
While many brokerages promote private listings as a premium service, sellers are being misled by sacrificing maximum exposure and higher offers in exchange for a strategy that primarily benefits the brokerage and agent.
A real estate agent’s guide to fearless proactive lead generation By Tim and Julie Harris
When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. It is the rise of the educated homebuyer, which is now in its infancy but will become the new norm within the next ten years.
Industry debate around off-market listings — or pocket listings — has become increasingly heated.
For some agents, these private transactions are tools of exclusivity and strategy. For others, they’re a disservice to sellers and a potential breach of fiduciary duty.
Coldwell Banker Realty has launched a national rollout of its Transaction Concierge program, a back-office support system designed to assist real estate agents with administrative tasks during the homebuying process.