The Shifting Dynamics of Buyer-Agent Relationships in Real Estate

In the ever-evolving realm of real estate, the age-old question of whether to hire a buyer's agent is gaining renewed prominence, fueled by recent lawsuits that seek to shift compensation structures. As aspiring homeowners embark on their journey to property ownership, the necessity of engaging an agent is coming under increased scrutiny. Our latest research report, titled "How buyers feel about working with agents" delves into the services homebuyers value most and the imperative for agents to articulate the value they bring to the table in today's dynamic market.

By |2024-01-03T09:04:23-08:00January 3rd, 2024|Broker-Agent Information, Industry Observations, Reports, Research, Suveys and Research, WAV Group Research|Comments Off on The Shifting Dynamics of Buyer-Agent Relationships in Real Estate
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Real AI: AI fairness is a huge hurdle, AI can’t count, fast facts, top headlines and Quote of the Week

Real AI: AI fairness is a huge hurdle, AI can’t count, fast facts, top headlines and Quote of the Week By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 18 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. AI fairness is a huge hurdle Of all the obstacles AI faces to continue its rocket-speed integration into our lives, the largest one it will need to overcome is fairness. In 2023, “responsible AI” became a [...]

By |2024-05-14T14:36:27-07:00December 22nd, 2023|Artificial Intelligence, Fair housing, PropTech, Real Estate Technology, Research, Technology|Comments Off on Real AI: AI fairness is a huge hurdle, AI can’t count, fast facts, top headlines and Quote of the Week
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Real AI: Fannie Mae embraces CV, Claude.ai gets better, AI facts and top headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 15 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. Fannie Mae embraces computer vision Craig Rowe at Inman News did a solid job with his recent piece on Fannie Mae embracing AI and computer vision or CV. It’s important because when Fannie Mae makes a move, the mortgage industry follows. In June, Fannie Mae announced the use of "image recognition" to detect incorrect quality and [...]

By |2024-05-14T14:41:30-07:00December 1st, 2023|Artificial Intelligence, Computer Vision, News, PropTech, Research|Comments Off on Real AI: Fannie Mae embraces CV, Claude.ai gets better, AI facts and top headlines
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Real AI: Unlocking real estate data, ChatGPT for real estate intel, 5 facts and AI headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 14 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. Using AI to unlock real estate data Content creation continues to dominate how real estate professionals use AI. AI helps agents create better blogs, website content, flyers, social posts, listing descriptions, property photos, marketing ideas, business plans, video scripts, and more. Using AI to perfect content has become part of many real estate agents' workflow in [...]

By |2024-05-14T14:42:35-07:00November 24th, 2023|Artificial Intelligence, Business Intelligence, Computer Vision, PropTech, Real Estate Technology, Research, Technology|Comments Off on Real AI: Unlocking real estate data, ChatGPT for real estate intel, 5 facts and AI headlines
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Real AI: AI and driverless cars (or not), AI fast facts and top AI headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 12 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. AI and driverless cars: Is AI failing the trust test? Cruise, the autonomous taxi firm backed by GM, is in trouble, The Hustle reports. This is despite the announcement by GM a couple of weeks ago that it is partnering with Honda to launch its robotaxi service in Japan by 2026. Cruise also plans to expand [...]

By |2024-05-14T14:44:59-07:00November 10th, 2023|Artificial Intelligence, News, PropTech, Real Estate Technology, Research, Technology|Comments Off on Real AI: AI and driverless cars (or not), AI fast facts and top AI headlines
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Real AI: 2024 The Year of AI, AI fast facts and top headlines

By Kevin Hawkins with Korey Hawkins | Vol. 1 Post 10 Real AI is a 100% human-created weekly roundup of all things AI in real estate and emerging AI innovations in other sectors likely to impact real estate, posting a new edition every Friday. 2024: The Year of AI The accelerated growth we are seeing and experiencing in artificial intelligence continues to be unlike any other game-changing technology ever. When it comes to Generative AI and Large Language Models, it’s just a baby about to turn into a teenager. If you think AI in 2023 has been incredible, just wait [...]

By |2024-05-14T14:48:22-07:00October 27th, 2023|Artificial Intelligence, Industry Observations, PropTech, Real Estate Technology, Research, Technology|Comments Off on Real AI: 2024 The Year of AI, AI fast facts and top headlines
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How Does the Offer of Buyer’s Compensation Impact Broker Recruiting?

Know your worth and understand that the percentage of broker dollars is highly impacted by the commission offered by the seller to the listing and buyer’s agent.

By |2023-09-13T16:59:35-07:00September 14th, 2023|Broker-Agent Information, Business Intelligence, Our Services, Research|Comments Off on How Does the Offer of Buyer’s Compensation Impact Broker Recruiting?
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Navigating Multiple Bids and Fair Housing: Insights From WAV Group’s Latest Survey

Recently, WAV Group conducted a survey targeting individuals who embarked on the journey to purchase a home. This survey aimed to explore their experiences in the context of Fair Housing. Here are some preliminary findings from the study, with the complete results are available in the Fair Housing Survey Report now avaialable.

By |2023-09-19T13:06:23-07:00September 13th, 2023|Research, Suveys and Research, WAV Group Research|Comments Off on Navigating Multiple Bids and Fair Housing: Insights From WAV Group’s Latest Survey
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WAV Group Consumer Migration Study: Consumers who moved during the Pandemic are staying put.

The COVID-19 pandemic brought about significant changes to our lives, reshaping the way we work, socialize, and even where we call home. As remote work became the new norm, many individuals seized the opportunity to reassess their living situations and make a move. In this study, we aimed to explore migration patterns during the pandemic and understand the factors influencing relocation decisions. The Boomerang Effect: Relocating Back to Pre-Pandemic Homes? In our initial hypothesis, we postulated the existence of a boomerang effect, suggesting that individuals who had moved during the pandemic might eventually change their minds and desire to return [...]

By |2023-06-22T07:26:26-07:00June 22nd, 2023|Research, Suveys and Research, WAV Group Research|Comments Off on WAV Group Consumer Migration Study: Consumers who moved during the Pandemic are staying put.
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NNRMLS study reveals that properties promoted on the MLS sell for more than off-MLS homes on average.

On average, a listing on the multiple listing service yielded a 17% premium in sales price over similar properties sold off-MLS independent of other variables. For a typical home, this resulted in a $55,250 increase in sales price. This study is consistent with studies conducted in other markets as well. It makes sense that a property promoted by hundreds of IDX feeds enabled by the Multiple Listing Service, plus the exposure to the most qualified network of industry professionals in the local MLS region would generate the most buyer interest.

By |2023-05-02T08:30:38-07:00May 2nd, 2023|MLS, MLS Insights, Press Releases, Research|Comments Off on NNRMLS study reveals that properties promoted on the MLS sell for more than off-MLS homes on average.
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Not all Consumers Believe Commissions are a Mystery

Reading the disturbing news about yet another Class Action Lawsuit facing our industry is upsetting to all of us, needless to say. For those that are losing sleep over the implications of the potential outcomes of these lawsuits to their bottom-line, I thought you might want to read a bit of reassuring news, directly from consumers.

By |2023-04-11T07:34:43-07:00March 30th, 2023|Broker-Agent Information, Industry Observations, Research|Comments Off on Not all Consumers Believe Commissions are a Mystery
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WAV Group Releases 2023 Brokerage Technology Study

In today’s fast-paced real estate market, technology has become a crucial component of broker success. WAV Group’s 2023 Broker Technology Study captured broker technology usage patterns and their perceived impact on business and agent success.   Technology plays a significant role in the success of brokers and MLSs in today’s real estate market. While brokers are generally supportive of their technology stacks, they do believe that technology is not being leveraged to its fullest extent. There is room to better promote why and how agents will benefit if they fully embrace technology offered by their brokerage. 

By |2023-03-28T11:35:35-07:00March 28th, 2023|Broker Information, Broker Technology Research, Real Estate Technology, Research|Comments Off on WAV Group Releases 2023 Brokerage Technology Study
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