An Agent's Guide to Choosing a Brokerage
Posted by Liv Real Estate on
It's astounding how many different business models exist in our highly regulated industry. As a real estate agent, how do you determine which is the best model and brokerage for you?
There are two main business models for brokerages: desk fees and commission split. From there, you can find combination models, employee (salaried) models, multi-level models (where agents are rewarded for recruiting other agents) and more. In general, desk fee or "100%" brokerages charge a monthly fee, a deal fee, and additional fees for just about everything you can imagine from paper clips to training to answering calls. Meanwhile, commission split brokerages share in your success by taking a portion of your commissions (typically anywhere from 10-50%).…
2211 Views, 0 Comments
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 618 (549, 497, 488)
# Sales: 269 (276, 295, 302)
Ratio: 44% (50%, 88%, 62%)
# Price Changes: 459 (441, 383, 420)
Expired/Off-Market Listings: 321 (282, 232, 465)
Net loss/gain in listings this week: 28 (-9, , -171, -279, 22)
Active single-family home listings: 4278 (4202, 4226, 4179)
Active condo listings: 2411 (2425, 2413, 2399)
Homes 4-week running average: $435k ($431k, $429k, $426k)
Condos 4-week running average: $226k ($225k, $217k, $215k)
Have a great weekend!
The real estate market was busier than I expected in July in Edmonton. Nearly every one of our agents reported being in multiple offer situations on more than one occasion in the month of July. There are a number of stats that suggest the bottom of the current market cycle was a couple of months ago... Sales are up 20% over last July while inventory is down 10%. The absorption rate is at 4.73 months - the lowest it's been in two years. While prices are still down on a year over year basis, the benchmark price is down 3% compared to last year, while the past few months it was down 4-4.5%. Here is our monthly infographic on the greater Edmonton real estate market:
Looking at benchmark prices, you can get an apartment-style condo for 13% less and a…
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 488 (495, 530, 586)
# Sales: 302 (283, 319, 329)
Ratio: 62% (57%, 60%, 56%)
# Price Changes: 420 (471, 500, 497)
Expired/Off Market Listings: 465 (190, 219, 239)
Net loss/gain in listings this week: -279 (22, -8, 18, -192)
Active single family home listings: 4179 (4325, 4310, 4298)
Active condo listings: 2399 (2509, 2496, 2510)
Homes 4-week running average: $426k ($420k, $417k, $421k)
Condos 4-week running average: $215k ($213k, $225k, $227k)
Have a great weekend!
We haven't had much summer in Edmonton yet this year but we're getting a taste of it now, and if you're like me, I'm counting on my a/c in this warm weather. Regular maintenance of your HVAC system, including the air conditioner, can prevent major breakdowns and repair costs. Review this air conditioner maintenance checklist and ensure your AC is getting serviced annually.
In the meantime, here are some warning signs that something is wrong with your air conditioning and what you can do about it: