Do real estate agents make too much? Or do they actually make too little, considering that they don't have a base salary, healthcare or other typical corporate benefits? That's just one of the questions Senior Real Estate Reporter Matt Blake looked at this week in his three-part series on real estate commissions.
First, he covers the history of real estate commissions, including how they climbed to 5% of the home price, mostly because of the exclusivity of listings.
Then he looks at the legality of real estate commissions themselves, focusing not just on the Justice Department's recent lawsuit against NAR, but a whole "full-court press" of a half-dozen federal lawsuits, some of which allege a conspiracy to set commission rates.
Lastly, Blake explores what's next for real estate commissions and the alternative business models that might make them irrelevant in the future.
It's a fantastic series, just the latest examples of our HW+ premium content. Not a member yet? Sign up here, or consider signing up for a group membership here, to read this series and so you don't miss any of our HW+ insights.
Nancy Alley, the vice president of product strategy with ICE Mortgage Technology at Intercontinental Exchange, discusses the recent launch of the company's Encompass eClose and what it means for the mortgage industry.
Two white papers explore how lenders can modernize appraisal and closing for a better borrower experience. Using survey data from 1,500 consumers who recently interacted with the mortgage process, they provide actionable recommendations for today's lenders. Download the white papers.
25.7% of single-family homes for sale during the first quarter were new-construction homes, as March housing starts jumped nearly 20% month over month.
iEmergent has outlined a new paradigm for how lenders can increase homeownership—especially to under-served and minority households—that is driven by opportunity and forward-looking, market-based opportunity data. This white paper will cover this paradigm and how lenders can create successful outcomes by turning data into insight and insight into action. Presented by iEmergent
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