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Opendoor Predicts Falling Commissions, Hopes to Benefit From Settlement

USA Real Estate News-RISMedia - Fri, 2024-05-03 09:32

Opendoor, the largest and oldest iBuyer, is still struggling to adjust its business model to a more restrictive, sluggish market but is carefully watching the recent National Association of REALTORS’® (NAR) settlement as the company ramps up home purchases and looks for profitability “across seasons and market environments.” On an earnings call yesterday, Opendoor CEO…

The post Opendoor Predicts Falling Commissions, Hopes to Benefit From Settlement appeared first on RISMedia.

Beautiful minds wanted: Nominate Inman Innovators before the cutoff

USA Real Estate News-Inman - Fri, 2024-05-03 04:00
Now more than ever, real estate needs innovators like you. Nominations for the 27th annual Inman Innovator Awards close May 17. Don't let the industry's next great idea fall through the cracks.

How to own your value in a post-NAR settlement world

USA Real Estate News-Inman - Fri, 2024-05-03 03:00
As we move forward together, eXp's Kendall Bonner writes, demonstrating a higher level of knowledge and expertise is essential for conveying your worth to potential clients.

Viral ‘save-the-day’ TikTok trend turns every day into a good one

USA Real Estate News-Inman - Fri, 2024-05-03 03:00
Trainer Rachael Hite looks at this viral TikTok trend and makes some recommendations about how agents can save their own day on their worst days with this simple new habit.

Rocket Mortgage picks up market share — and turns a tidy Q1 profit

USA Real Estate News-Inman - Thu, 2024-05-02 16:45
On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion.

RE/MAX revenue drops for 7th consecutive quarter

USA Real Estate News-Inman - Thu, 2024-05-02 15:53
Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts' expectations for revenue to fall by 9.5 percent.
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