eXp Realty Leads the Pack in the RealTrends 500, Capturing Top Honors in Five Categories lolita, 05/09/2024 eXp Realty Industry-leading residential real estate brokerage firm dominates in the prestigious rankings eXp Realty Leads the Pack in the RealTrends 500, Capturing Top Honors in Five Categories Industry-leading residential real estate brokerage firm dominates in the prestigious rankings BELLINGHAM, Wash., March 22, 2024 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its latest milestone – securing the top spot in five categories on the coveted RealTrends 500 report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent . The company also moved up to No. 3 in two categories: Volume and Billionaires’ Club. The RealTrends 500 is a highly respected barometer for performance in the residential real estate sector, reflecting eXp’s commitment to excellence and a relentless pursuit of customer satisfaction. The report ranks the performance of the top residential real estate brokerage firms in the US each year based on previous year data. “These rankings are a testament to the strength of our unique agent-centric model, the passion of our affiliates, and our innovative approach to the real estate … Continue Reading
Austin realtors react after historic settlement axing commissions lolita, 03/09/2024 The National Association of Realtors is doing away with the standards commission for agents as part of a $418 million lawsuit settlement. AUSTIN, Texas — Real estate agents could soon be entering a whole new market. In a historic $418 million settlement, the National Association of Realtors decided to do away with the standard of a long-standing commission set for agents. The move will allow buyers and sellers to negotiate fees and potentially save them more with lower commission costs. The standard percentage reported is 6%. The trade commission has set these policies for home sales since the 1990s. Although this will ultimately affect how agents are compensated, some Austin-based real estate groups welcome the pending changes. Lesley Estes is the Director of Sales for the Byrne Real Estate Group in West Lake. She explained the excitement the team is feeling following the announcement because, according to Estes, this will give the group a chance to have more upfront conversations. “The difference now is that the consumer’s going to be informed of that. They’re going to be aware that there’s options on the table,” Estes said. “I think this is the perfect opportunity for us, as agents, to bring our … Continue Reading
How Realtors are compensating may change lolita, 16/08/2024 The way Realtors are paid may change if courts uphold an agreement the National Association of Realtors made March 15 to pay $418 million in damages to settle lawsuits. Homeowners said in a class action lawsuit against the real estate trade group that its rules forced them to pay large fees, according to The New York Times. Rory Dubin, president of the Northeast Florida Association of Realtors, said the industry is waiting on a federal court ruling. Dubin “It’s not guaranteed that it will be accepted, but it probably will the way it looks,” he said. If accepted, rules are expected to change in July. At the heart of the matter are Realtor commissions. Dubin said that if passed, brokers representing buyers will no longer be allowed to post their commission on the Multiple Listing Service, or MLS, which lists available homes for sale in a region. Brokers representing buyers have used the information to help determine which homes to show prospective buyers. Most often, the selling broker splits the commission with the buyer’s broker. Those commission fees are usually paid by the seller. The commissions are added to the sale price of the home when it is listed. With … Continue Reading