Flipping the Model to Put Agents on Top: Realty Group Inc.
(L to R) Long Doan, Broker/CEO, and Mike Bernier, President/Co-owner, Realty Group Inc. For Long Doan, broker and CEO of Minnesota’s fast-growing Realty Group Inc., success is measured by the achievement of his partner-agents. “Every one of our agents is the CEO of their own business,” he says. “They don’t work for me. I work […]
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Builder Confidence Healthy in July
Builder confidence is healthy, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading is 68; an above-50 reading indicates more builders have a positive outlook than a negative one. “Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains […]
Supporting Agents on Their Quest to Build Successful Careers
In the following interview, Mark Pessin, former managing broker and now vice president of Learning at Realty ONE Group in Carlsbad, Calif., discusses agent development, including mentoring, recruiting and training. Region Served: Laguna Niguel, Calif. Years in Real Estate: 20 Number of Offices: 1 Number of Agents: 120 What’s your first goal as you transition […]
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Down, but Not Out: Buyers See Some Success
Against discouragingly inadequate inventory and high prices, buyers are finding a way, according to a new survey. Fifty-one percent of homebuyers did not pay above asking price, despite concerns over multiple-offer scenarios, 42 percent made one or two offers, at most, and 34 percent were “unfazed” by the increases in prices and rates, according to […]
Housing Starts: Ground-Breaking in June Plummets
Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts. Additionally, approvals for builds fell 2.2 percent to 1.27 million permits; however, approvals for single-family […]
The Biggest Homeownership Hurdles for Millennials
Millennials should be making a sizable stamp in homeownership, but they have been largely absent from the housing space. Why is it that the largest generation in U.S. history isn’t participating in real estate as heavily as its predecessors? There are many difficulties standing in their way, according to new research. A recent report by […]
.realtor™ + .realestate: For Your Agents and Everything They Do
NAR PULSE—When your agents do well, your brokerage does well. On September 18, NAR will be launching .realestate, a new unrestricted top-level domain to support everything you and your company does. From Beachfrontproperty.realestate to Luxuryseattle.realestate, the possibilities are endless. Be first in line to swoop up .realestate domains for the neighborhoods and areas of expertise […]
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First-Timers: Better Chances in Colorado and Texas
The housing market today is unprecedented, and buyers are contending with cost pressures and short supply—but, according to a recent report by WalletHub, there are cities where conditions are more favorable for first-time homeowners: Broken Arrow, Okla. Tampa, Fla. Centennial, Colo. Boise, Idaho Grand Rapids, Mich. Thornton, Colo. Frisco, Texas McKinney, Texas Cary, N.C. Gilbert, […]
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Traditional Real Estate and the ‘New Normal’
This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses the evolution of the industry’s “new normal.” Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Sherry Chris, CEO, Better Homes and Gardens Real Estate, Madison, N.J. Joan Docktor, President, Berkshire Hathaway […]
Cryptocurrency, Cyber Fraud Focus of Trump Task Force
On an executive order by President Trump, four agencies established the Task Force on Market Integrity and Consumer Fraud last week, charged with guiding “the investigation and prosecution of cases involving fraud on the government, the financial markets and consumers, including cyber fraud and other fraud targeting the elderly, service members and veterans, and other […]
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