Key Highlights
Inman’s 2020 Agent Appreciation survey dives deep into agent compensation models
Part II of this multi-part series focuses on themes of non-compensation income modelsand pressure on compensation
Inman just released its second annual.2020Agent Appreciation survey. Because agent and brokerage compensation is such a hot topic, we are focusing on summarizing the rich diversity of compensation models in the real...
Key Highlights
As of two weeks ago, Zillow’s website now officially powered by IDX feed
Shift to IDX falls on heels of Zillow’s shift to becoming brokerage in September 2020
Zillow recently announced a shift to MLS Internet Data Exchange (IDX) for its listing data as a “…mission to simplify and streamline real estate transactions and deliver a more integrated experience to customers,”...
Key Highlights
New lease signings in Manhattan fell -13% in December 2019
According to Jonathan Miller, president of Miller Samuel Appraiser, rents surpassed “threshold of affordability” in December 2019
New lease signings in Manhattan hit +94% in December 2020
Like most everything else, New York City’s real estate market in 2020 was “unprecedented.” Once March’s pandemic shutdown took hold of NYC’s...
When you listen to today's Real Estate Coaching Radio featuring Tim and Julie Harris you will learn their exclusive buyer agent system. The goal of this system it to present to the buyer why they want to work exclusively with you. What are your USPs (unique selling propositions)? What happens if the buyer wants to buy a FSBO? What...
Key Highlights
According to latest Inman research, there is great variability in agent commission models
New commission models evolving
Intense downward pressure on commissions
Inman research defines main themes of agent commissions
Commissions are always hot conversational topics in the real estate industry. Since, according to the latest research by Inman for its second annual Agent Appreciationsurvey,both agents (87%) and brokerages (81%) make...
Key Highlights
US Labor Department reported 961,000 workers filed first-time claims for state unemployment benefits
One year ago during same comparable week, initial unemployment claims totaled 282,000
Initial claims for Pandemic Unemployment Assistance program hit 424,000 claims compared to 285,000 claims previous week
New Claims For Unemployment Benefits
New claims for unemployment benefits remained high with a total of 961,000 workers filing initial...
Key Highlights
eXp World Holdings (EXPI)announces 2-for-1 stock split
EXPI already earned 10-bagger status and considered “Bull of the Day” prior to 2-for-1 stock split announcement
Stock split aimed at lowering share price to allow more employees and investors to purchase shares
In January 2020, the share price of eXp World Holdings, or EXPI on the Nasdaq, was $11/share. In January 2021, the share...
WARNING: This is not your normal Real Estate Coaching Radio podcast. Tim and Julie Harris do a 'special' podcast every Sunday where they 'defrag' from the previous week. Today they drill down in the biggest success killing myths that so many agents believe are true. Such as: You have to have PASSION to be successful, You have to know...
Key Highlights
Millionacres surveyed 1,500 renters and some 140 landlords to learn what renters want from landlords and what landlords think renters want
In many areas, renters and landlords on same page
In other areas, there are many discrepancies
If you and/or your clients are either already landlords or are considering becoming landlords, it’s important to know what tenants prioritize...
Key Highlights
Compass, a residential brokerage, filed draft IPO registration statement with US Securities and Exchange Commission
LoanDepot filed for initial public offering (IPO) within last week as well
Both Compass and LoanDepot announced this last week that the respective companies had filed statements with the US Securities and Exchange Commission (SEC) to “go public” via Initial Public Offerings or...
