What Is the Secret to Finding the most effective Real Estate Agent Near Me?

San Lorenzo real estate investments

What Is the Secret to Finding the most effective Real Estate Agent Near Me?

Comprehending Your Needs and Objectives


Discovering the most efficient real estate agent near you belongs to starting a journey where the destination is your desire property or the successful sale of your existing one. What Is the Secret to Finding the most effective Real Estate Agent Near Me? . This procedure needs greater than just a shallow search or counting on a well-placed advertisement. It demands a profound understanding of your own requirements and goals, together with a methodical strategy to vetting prospective agents. The key to success in this endeavor depends on the junction of self-awareness, research study, and personal connection.


Firstly, understanding your requirements and goals is crucial. Are you getting a brand-new home, offering your current one, or both? Each scenario needs different competence and strategies. If you're buying, consider what sort of property you're interested in-- be it a family home, a condominium, or an investment property-- and the features that are non-negotiable for you. If you're selling, consider your timeline, the price you aim to attain, and any kind of specific conditions you may have. Plainly defining these criteria allows you to connect efficiently with potential agents, guaranteeing they are fully equipped to meet your expectations.


As soon as you have a clear understanding of your needs, the next action is detailed research. Begin by requesting referrals from pals, family members, or colleagues that have actually had favorable experiences with real estate representatives in your location. Personal recommendations are commonly one of the most reliable means to locate an agent who is credible and effective. In addition, use online sources to read testimonials and compare representatives. Sites, social networks, and real estate platforms can offer valuable insights right into an agent's track record, specializeds, and customer complete satisfaction.


After narrowing down your options, meeting with prospective representatives is crucial. This is where the personal connection enters into play. An efficient real estate agent need to be someone you feel comfortable with, who listens to your needs, and interacts clearly. Throughout your meetings, inquire about their experience, approaches, and how they intend to aid you accomplish your objectives. Take note of how well they comprehend the regional market and their ability to supply tailored suggestions based on your specific scenario.


Eventually, the trick to discovering the most reliable real estate agent near you is a mix of introspection, diligent study, and developing a significant connection with a specialist that comprehends and appreciates your distinct requirements and goals. This strategy not only guarantees a smoother transaction however additionally enhances the possibility of an effective and satisfying real estate experience. Keep in mind, the ideal representative is not simply a facilitator of a bargain but a partner in among one of the most substantial deals of your life.

Researching Neighborhood Real Estate Markets


Locating one of the most efficient real estate agent in your area belongs to uncovering a clean secret that can significantly influence your home getting or offering experience. As you embark on this trip, investigating regional real estate markets becomes a crucial part of the process, offering you with the understandings needed to make an informed choice.


Most importantly, comprehending the characteristics of your neighborhood real estate market is critical. Newark Realtor Near Me Every neighborhood and community has its very own one-of-a-kind qualities, fads, and cost points. By acquainting on your own with these elements, you can assess the degree of know-how and expertise you require from a real estate agent. For example, if you are aiming to acquire a home in a quickly establishing location, you'll want an agent that is well-informed regarding brand-new growths, future infrastructure plans, and prospective investment opportunities. On the other hand, if you are offering a historic home in a reputable community, you'll desire somebody experienced in marketing heritage residential properties.


As soon as you have a clear understanding of the neighborhood market, the following step is to look for recommendations and perform detailed research on possible agents. Word of mouth stays a powerful tool in finding an effective real estate agent. Speak with good friends, family members, and coworkers who have just recently taken part in real estate transactions. Their direct experiences can provide important understandings right into an agent's professionalism, negotiation abilities, and dedication to customer fulfillment.


Along with personal referrals, utilize on the internet sources to additional vet potential agents. Websites such as Zillow, Realtor.com, and regional real estate boards commonly supply evaluations and rankings of agents in your area. Pay attention to the consistency of positive feedback, as well as any kind of persisting problems stated by previous customers. A representative with a solid on-line visibility and positive testimonials is often a great sign of their commitment and efficiency.


In addition, when researching neighborhood real estate markets, take into consideration going to open residences and community occasions where you can fulfill agents in person. This permits you to observe their social skills, market understanding, and just how they communicate with possible customers. A reliable representative should be approachable, communicative, and willing to address any kind of questions you might have. San Lorenzo real estate investments


Ultimately, the key to finding one of the most effective real estate agent hinges on integrating thorough marketing research with individual communications and recommendations. By understanding the nuances of your neighborhood market and thoroughly reviewing possible agents, you furnish on your own with the tools required to choose that lines up with your real estate goals. A well-chosen agent not just assists in a smoother transaction yet additionally supplies very useful insights and support, guaranteeing a satisfying experience in the vibrant globe of real estate.

Evaluating Agent Credentials and Experience


Finding one of the most efficient real estate agent in your location can be a daunting job, particularly provided the considerable monetary and psychological investment associated with purchasing or offering property. One of the most important facets of this procedure is evaluating the representative's credentials and experience. Understanding how to examine these variables can aid you make an educated choice and inevitably bring about a successful real estate transaction.


Firstly, qualifications are a clear indicator of a representative's formal training and knowledge in the area. Real estate representatives need to be accredited in the state where they run, which needs passing a detailed exam. Nonetheless, beyond this fundamental need, many agents go after added accreditations to boost their proficiency. For example, a Certified Residential Expert (CRS) designation is a mark of sophisticated training and experience in residential property sales. Likewise, an Accredited Buyer's Rep (ABR) qualification shows that a representative has actually focused on dealing with home customers. When assessing potential representatives, it is valuable to ask about their certifications and what they indicate, as these can supply insight right into their areas of know-how and commitment to specialist development.


In addition to credentials, experience plays a critical role in figuring out an agent's performance. A knowledgeable representative has generally browsed various market problems and understands the subtleties of real estate purchases. They are more likely to prepare for potential obstacles and have actually established connect with various other market professionals, such as mortgage brokers, inspectors, and specialists, which can be important during the acquiring or selling process. When examining an agent's experience, take into consideration the variety of years they have been in the business, the number and kind of deals they have finished, and their familiarity with your local market. A representative that specializes in your particular area or sort of property can offer important insights that may not.


Another important aspect of assessing an agent's credentials and experience is their track record of success. Search for representatives that have a background of closing deals comparable to your own. Demand referrals or reviews from previous customers to acquire direct accounts of their experiences. Online testimonials and rankings can additionally supply added viewpoints, though they ought to be considered in the context of the overall responses. Pay attention to just how the representative connects and discusses, as these abilities are crucial in protecting the very best possible result for your transaction.


Lastly, while credentials and experience are considerable, the personal rapport you develop with a potential representative ought to not be underestimated. Real estate purchases can be intricate and taxing, needing close partnership between you and your representative. For that reason, it is essential that you feel comfortable with them and trust their judgment. Throughout

Checking Customer Reviews and Testimonials


Locating one of the most reliable real estate agent near you can be a complicated task, especially given the abundance of choices and the substantial investment involved in buying or offering property. One of one of the most dependable approaches to guarantee you choose the ideal representative is by examining client testimonials and endorsements. These direct accounts give invaluable understandings right into a representative's professionalism and trust, expertise, and capability to deliver adequate results.


Customer testimonials and reviews are important because they supply a peek right into the experiences of previous clients that have actually dealt with the agent. These evaluations often highlight the representative's staminas, such as negotiation skills, market understanding, and responsiveness. As an example, if multiple clients commend a representative for their capability to protect beneficial deals, this is a solid sign of the representative's skills. Alternatively, if testimonials constantly discuss poor interaction or lack of devotion, it might be wise to consider various other alternatives.


Moreover, testimonials usually show the degree of customer care an agent offers. In the real estate business, where purchases can be intricate and demanding, working with an agent that is not just knowledgeable but also encouraging and conscientious to your demands is crucial. Evaluations can expose how well an agent pays attention to their customers, addresses their concerns, and guides them through the procedure. An agent that gets positive testimonials for being patient and supportive will likely be a great choice, particularly for new buyers or sellers that may need extra support.


Along with reading reviews on the representative's site, it's suggested to check out third-party testimonial systems such as Google, Yelp, or Zillow. These platforms frequently contain a lot more honest and impartial comments. While checking out testimonials, it's important to look for patterns instead of concentrating on isolated remarks. A solitary negative review in a sea of positive ones might not be a deal-breaker, however consistent adverse responses should elevate red flags.


An additional advantage of client reviews is that they can shed light on the representative's field of expertise and local market know-how. Some agents specialize in certain sorts of properties or areas. Evaluations can disclose whether a representative has efficiently managed transactions comparable to what you are looking for, whether it's acquiring a historic home or marketing a downtown condominium. This specialization can be a considerable benefit, as agents acquainted with the regional market are more likely to supply exact rates approaches and beneficial insights.


In conclusion, while different factors contribute to finding one of the most efficient real estate agent near you, examining client reviews and reviews is a vital action. These testimonials offer an authentic picture of a representative's abilities and customer care approach. By meticulously assessing this feedback, you can make a more enlightened decision and choose a 65

Speaking With Prospective Real Estate Professionals


Finding one of the most effective real estate agent near you can feel like a daunting job, especially when the stakes are high in buying or selling a property. A good real estate agent can make the procedure seamless and successful, while an inadequate selection can result in unneeded stress and possible monetary loss. The key to finding the most effective real estate agent lies in detailed study, critical talking to, and an eager understanding of your very own requirements and choices.


First and foremost, research is critical. Start by collecting recommendations from good friends, family, or colleagues who have actually had favorable experiences with real estate representatives. Individual references usually lead to trustworthy leads because they are based upon direct experiences. Additionally, leverage on the internet resources like real estate internet sites, forums, and social media sites to review testimonials and scores of agents in your location. Focus on agents who constantly obtain full marks for their communication skills, market expertise, and negotiation capabilities.


As soon as you have a shortlist of potential representatives, the following step is to perform meetings. This is your possibility to analyze their know-how and figure out if they align with your goals. Prepare a listing of questions that cover their experience, understanding of the local market, and approach to both buying and selling buildings. Inquire about their current transactions to evaluate their success price and ask about their approach for marketing buildings. A reliable agent should have the ability to supply a clear plan for just how they will represent your interests and achieve your real estate purposes.


It's additionally important to review their interaction design. You want a representative that is receptive, transparent, and aggressive. During the interview, bear in mind of how well they pay attention to your demands and just how plainly they verbalize their solutions. This interaction will give you a good sense of how they will connect once you are interacting.


Trust your impulses when making the decision. A representative may have outstanding qualifications and a strong track record, however if you do not feel comfortable or positive in their capabilities, the collaboration might not achieve success. The appropriate representative must not just be qualified but also a person you really feel secure collaborating with for an extended duration.


Lastly, guarantee that the agent's worths straighten with your own. Whether it's their commitment to honest practices, their availability to meet your timetable, or their dedication to comprehending your special situation, these aspects will contribute to a more productive and acceptable relationship.


To conclude, the trick to discovering one of the most effective real estate agent near you lies in persistent research, careful interviewing, and trusting your instinct. By focusing on these actions, you can choose an agent that will not just meet your assumptions yet additionally

Evaluating Interaction and Responsiveness


When embarking on the journey to acquire or sell a home, among one of the most crucial steps is finding the right real estate agent. This option can significantly influence your experience and the outcome of your real estate venture. To discover the secret to locating one of the most efficient real estate agent near you, it is vital to focus on analyzing interaction and responsiveness, two important aspects that usually establish the success of your partnership.


Reliable interaction is the cornerstone of any type of successful relationship, particularly in real estate transactions where intricate information and large amounts of cash are entailed. An agent that interacts properly will not only keep you informed however will additionally make sure that you recognize every action of the procedure. When assessing potential representatives, take notice of their capability to listen attentively and their willingness to address concerns. An agent that makes the effort to recognize your needs and preferences is more probable to supply individualized service that lines up with your objectives.


Moreover, the agent's ability to clarify complicated real estate lingo in a clear and concise manner is indispensable. You want someone that can break down the market fads, legal requirements, and economic elements right into absorbable details. This will encourage you to make educated decisions, improving your self-confidence throughout the process.


Responsiveness is similarly essential in the hectic globe of real estate. The marketplace can alter quickly, and possibilities might emerge or vanish within an issue of days or perhaps hours. An agent that fasts to reply to emails, calls, or messages demonstrates a commitment to your needs and a positive technique to managing your deal. This level of listening can be the difference between protecting a desire home or losing to a much more active buyer.


When evaluating an agent's responsiveness, consider their schedule and the approaches they use to interact. A highly reliable representative will be flexible, suiting your favored mode of communication, whether it be phone calls, emails, or text. They need to also supply timely updates and follow-ups, guaranteeing that you are never left at night about the condition of your purchase.


To assess these top qualities, take into consideration conducting first interviews with several agents. Prepare a checklist of concerns that test their expertise, experience, and communication style. Pay attention to how they address your problems and whether they provide clear and extensive solutions. In addition, request for referrals from past clients to acquire insight right into their experiences with the representative's communication and responsiveness.


In conclusion, the trick to locating one of the most effective real estate agent near you lies in meticulously reviewing their interaction abilities and responsiveness. An agent who masters these areas will be a valuable ally, assisting

Contrasting Commission Fees and Fees


Discovering the most reliable real estate agent near you can be an overwhelming task, particularly when confronted with a sea of options, each assuring to supply exceptional solution. One of the critical variables to take into consideration when picking the right representative is recognizing and comparing commission prices and costs, as these can significantly influence both your selling and acquiring experiences.


Commission rates are typically a portion of the property's market price and are commonly split between the seller's representative and the buyer's representative. The conventional price hovers around 5% to 6%, yet this can vary relying on the area, market conditions, and the specific representative's policies. While it may be alluring to merely choose a representative with the most affordable commission price, it is essential to think about the old expression, "you obtain what you pay for." A representative that bills less may not provide the level of solution, expertise, or advertising reach that a more costly representative could give.


Moreover, some agents are open to bargaining their commission prices. Prior to settling on an agent, it's worth having a candid conversation regarding their fees and what solutions are consisted of. Some agents may provide a la carte services, allowing you to pay only for what you require, while others use full-service bundles that cover everything from presenting to advertising. Recognizing these distinctions is vital to ensuring you're getting the very best value for your money.


In addition to commission prices, it's necessary to take into consideration any type of additional fees the representative might charge. These can include management costs, marketing costs, or purchase charges, which can accumulate swiftly. Always request for a thorough breakdown of all possible costs upfront to prevent any type of unpleasant surprises in the future.


Another technique to discovering an effective real estate agent is to look for suggestions from buddies, household, or associates that have recently gotten or marketed homes. Personal experiences can offer useful insights into an agent's efficiency and dependability. Additionally, reviewing on-line evaluations and examining their performance history for successful deals can supply a peek right into their track record in the sector.


Eventually, the secret to locating one of the most effective real estate agent near you hinges on doing comprehensive research and not simply focusing entirely on commission rates and costs. Consider their experience, knowledge of the local market, negotiation abilities, and total compatibility with your demands and expectations. By taking an extensive strategy, you'll be more likely to discover a representative who not only meets your financial factors to consider yet likewise assists you navigate the real estate procedure smoothly and successfully.

Trusting Your Impulses and Deciding


Finding one of the most efficient real estate agent near you belongs to picking a trustworthy companion in a complex journey. This choice, while essential, frequently boils down to one crucial component: trusting your impulses. In an age where information is plentiful and information goes to our fingertips, it might seem counterproductive to lean heavily on intuition. Yet, when it comes to choosing a real estate agent, your sixth sense plays an indispensable function in making the best choice.


Trusting your instincts starts with understanding your own requirements and choices in the real estate trip. Are you purchasing your very first home, or are you a skilled capitalist searching for the next financially rewarding opportunity? The appropriate agent for you will not just understand the local market but will also reverberate with your individual objectives and expectations. Before diving into the search, take some time to reflect on what you absolutely need from a representative. This self-awareness forms the bedrock of trusting your reactions.


As soon as you have quality on your demands, begin collecting recommendations. Individual recommendations from friends, family members, or colleagues can provide a strong starting point. Dublin Real Estate Professionals When a person you trust vouches for a representative, it can be a solid indication of the representative's capabilities and approach. However, it's vital to bear in mind that your experience could vary from their own. Below, your instincts enter play as you examine whether the representative seems like a good fit for you personally.


In the procedure of selecting an agent, take notice of the preliminary interactions. Exactly how does the agent connect? Are they receptive, attentive, and genuinely thinking about your needs? A reliable real estate agent will pay attention actively and ask informative concerns to recognize your one-of-a-kind situation. Trust your impulses when examining these interactions; they can supply beneficial insights right into how the agent will manage your organization relationship in the future.


Moreover, consider the representative's track record and competence. While stats like sales numbers and years of experience are necessary, they shouldn't be the single determining factors. A representative's capability to get in touch with you on an individual level, their understanding of the neighborhood market subtleties, and their readiness to support for your interests are similarly important. Trusting your impulses suggests recognizing when a representative's professional accomplishments line up with your particular requirements and assumptions.


In addition to one-on-one communications, discover on-line evaluations and endorsements. These can offer a broader point of view on the agent's credibility and customer contentment. Nevertheless, approach these reviews with a discerning eye; not every evaluation will precisely reflect the agent's abilities. Utilize your instinct to filter with the comments and identify patterns that reverberate with your own values and

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Tri-Valley
Area of the East Bay
Tri-Valley Landscape
Tri-Valley Landscape
Tri-Valley location in CA
Tri-Valley location in California
Tri-Valley is located in the United States
Tri-Valley
Tri-Valley
Location in the United States
Coordinates: 37°39′45″N 121°52′29″W / 37.66250°N 121.87472°W / 37.66250; -121.87472
Population
 
 • Total
361,000
Time zone UTC-8 (Pacific Time Zone)
 • Summer (DST) UTC-7 (PDT)

The Tri-Valley area is grouping of three valleys in the East Bay region of California's Bay Area. The three valleys are Amador Valley, Livermore Valley, and San Ramon Valley. The Tri-Valley encompasses the cities of Dublin, Livermore, Pleasanton and San Ramon, the town of Danville, and the CDPs of Alamo, Blackhawk, Camino Tassajara, Diablo, and Norris Canyon. The area is known for its Mediterranean climate, wineries, and nature. It is primarily suburban in character. The total population of the Tri-Valley was 400,213 at the 2020 U.S. Census. It offers more affordable living accommodations than the cities of San Francisco and San Jose.[1][2]

History

[edit]

The Ohlone tribe settled the area circa 2000 BC, particularly in the northern part of Pleasanton. In AD 1772, however, Spanish settlers involved with the nearby mission work at Mission San Jose restructured the Ohlone way of life.[3][4]

The area began to be developed when the Gold Rush ended. During this period, the area went from being marshland to agricultural.[5]

Climate

[edit]

The climate of the Tri-Valley is mild. Most rain falls in the winter. Snow almost never occurs, although it sometimes falls on the tops of surrounding mountains, especially Mt. Diablo. Summer days are in the 80s to over 100 °F, but nights are often cool. In winter, daytime temperatures reach the 50s and 60s, while nights are in the 30s and 40s, dipping on rare occasions into the 20s. Mean annual rainfall ranges from about 14 in (360 mm) in Livermore to 23 in (580 mm) in Alamo.[6]

Transportation

[edit]

The Tri-Valley is serviced by WHEELS, operated by the Livermore Amador Valley Transit Authority (LAVTA), a bus agency that operates local bus service throughout Livermore, Pleasanton and Dublin, including service to Hacienda Business Park, Lawrence Livermore National Laboratory, Las Positas College, Stoneridge Mall, the West Dublin/Pleasanton BART Station and the Dublin/Pleasanton BART station.

Two major highways, Interstates 580 and 680 cross the Tri-Valley area. Interstate 580 runs east-west, connecting the area to the Central Valley to the east and the North Bay area to the west. Interstate 680 runs north-south, connecting the area to the South Bay area in the south, and the Concord-Walnut Creek area in the north. The two interstates cross on the border of Dublin and Pleasanton.

The Tri-Valley area is also serviced by BART, offering service to the rest of the San Francisco Bay Area via two stops: West Dublin/Pleasanton and the Dublin/Pleasanton terminus station.[7] The West Dublin/Pleasanton Station opened in 2011, and was the first infill station on an existing line. In 2018, BART cancelled plans[8] to extend the line to Livermore. However, the Tri-Valley–San Joaquin Valley Regional Rail Authority is in the planning process[9] for a rail connection between BART, ACE, and the San Joaquin Valley called the Valley Link.

Corporate office buildings at the intersection of I-580 and I-680
Corporate office buildings at the intersection of I-580 and I-680

Economy

[edit]

The Tri-Valley is home to the corporate headquarters of many companies, including 10X Genomics, 24 Hour Fitness, Architectural Glass and Aluminum, Bay Area News Group, Blackhawk Network Holdings, CallidusCloud, Chevron, The Cooper Companies, Discovery Toys, Ellie Mae, GE Digital, Gillig Corporation, Patelco Credit Union, Prosoft Engineering, Ross Stores, SafeAmerica Credit Union, Safeway, Shaklee, TriNet, Veeva Systems, Visioneer, WANdisco, The Wine Group, Product10x Accelerator, Salestable and Workday.

Major employment centers include Bishop Ranch and Hacienda Business Park.

Lawrence Livermore National Laboratory and Sandia National Laboratories are also major employers in the region.

Aerial view of Schaefer Ranch Park in Dublin, CA
Aerial view of Schaefer Ranch Park in Dublin, CA

Recreation

[edit]

The Tri-Valley features access to many recreational options, including Alviso Adobe Community Park, Blackhawk Museum, Brushy Peak Regional Preserve, Del Valle Regional Park, Dublin Hills Regional Park, Eugene O'Neill National Historic Site, Forest Home Farms, Iron Horse Regional Trail, Las Trampas Regional Wilderness, Little Hills Picnic Ranch, Livermore Valley Wine Country, Morgan Territory Regional Preserve, Mount Diablo State Park, Pleasanton Ridge Regional Park, Shadow Cliffs Regional Recreation Area and The Wave Waterpark.

See also

[edit]
  • East Bay (San Francisco Bay Area)
  • Tri-Valley Community Television
  • Livermore Valley AVA

References

[edit]
  1. ^ CBS (2017). "10 Most Expensive Cities in America". CBS.
  2. ^ CBS (2017). "10 Most Expensive Cities in America". CBS.
  3. ^ "Chapter 9. Ohlone/Costanoans in the United States, 1847-1927" (PDF). Retrieved 11 February 2023.
  4. ^ "History of Pleasanton". pleasanton.com. Archived from the original on November 8, 2017. Retrieved 2018-01-01.
  5. ^ "History of Pleasanton". Museum on Main. Retrieved 2018-01-01.
  6. ^ "Cooperative Climatological Data Summaries". Western Regional Climate Center. Retrieved 2018-11-24.
  7. ^ "Station List | bart.gov". www.bart.gov. Retrieved 2018-01-01.
  8. ^ "Livermore Extension | bart.gov". www.bart.gov. Retrieved 2019-06-13.
  9. ^ "ValleyLink". www.acetobart.org. Retrieved 2019-06-13.

 

 

Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]

History of real estate

[edit]

The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]

One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]

The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]

Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.

Residential real estate

[edit]

Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]

Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]

According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]

Single-family detached house in Essex, Connecticut, United States
Townhouses in Victoria, Australia
Major categories
  • Attached / multi-unit dwellings
    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
    • Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.
    • Housing cooperative (a.k.a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Majority of housing in Indian metro cities are of these types.
    • Tenement – A type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.
  • Semi-detached dwellings
    • Duplex – Two units with one shared wall.
  • Detached dwellings
    • Bungalows
    • Split-level home
    • Mansions
    • Villas
    • Detached house or single-family detached house
    • Cottages
  • Portable dwellings
    • Mobile homes, tiny homes, or residential caravans – A full-time residence that can be (although might not in practice be) movable on wheels.
    • Houseboats – A floating home
    • Tents – Usually temporary, with roof and walls consisting only of fabric-like material.

Other categories

  • Chawls
  • Havelis
  • Igloos
  • Huts

The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.

Real estate and the environment

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Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]

Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.

Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.

Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]

Development

[edit]

Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]

Investment

[edit]

In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]

Professionals

[edit]
  • Real estate agent – North America
  • Estate agent – United Kingdom

See also

[edit]
  • Environmental Surveying
  • Green Development
  • Phase I environmental site assessment
  • Commercial real estate
  • Estate (land)
  • Extraterrestrial real estate
  • Fractional financing
  • Land lot
  • Real estate business
  • Real estate economics
  • Right to property

References

[edit]
  1. ^ "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. ^ James Chen (May 2, 2019). "What Is Real Estate?". investopedia.com. Archived from the original on August 18, 2000. Retrieved May 13, 2019.
  3. ^ a b Real Estate. Funk & Wagnalls New World Encyclopedia, 1. 2018.
  4. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 220. doi:10.1163/15718050-19041026. S2CID 158672172.
  5. ^ Klaasen, R. L. (1976). "Brief History of Real Estate Appraisal and Organizations". Appraisal Journal. 44 (3): 376–381.
  6. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 218–227. doi:10.1163/15718050-19041026. S2CID 158672172.
  7. ^ "Louisiana Purchase: Primary Documents in American History". Library of Congress Research Guides. Archived from the original on 2022-06-25. Retrieved 2022-05-18.
  8. ^ Richardson, Patricia (June 2, 2003). "Father-son team scores big at home; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant force in the area's residential real estate industry, and shows no signs of slowing down or selling out". Crain's Chicago Business.
  9. ^ "History of National Association of Realtors". National Association of Realtors. 13 January 2012. Archived from the original on 13 May 2022. Retrieved 18 May 2022.
  10. ^ Nicholas, T.; Scherbina, A. (2013). "Real Estate Prices During the Roaring Twenties and the Great Depression". Real Estate Economics, 41. 2: 280.
  11. ^ Greer, J. L. (2014). "Historic Home Mortgage Redlining in Chicago". Journal of the Illinois State Historical Society. 107 (2): 204–233. doi:10.5406/jillistathistsoc.107.2.0204.
  12. ^ "A Brief History of the Housing Government-Sponsored Enterprises" (PDF). Federal Housing Finance Agency – OIG. Archived (PDF) from the original on 2023-03-08. Retrieved 2022-05-18.
  13. ^ Taylor, K. Y. (2018). "How Real Estate Segregated America". Dissent. 65 (4): 23–24. doi:10.1353/dss.2018.0071. S2CID 149616841.
  14. ^ "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal. Archived from the original on 2017-07-08. Retrieved 2015-10-04.
  15. ^ Kimberley Amadeo (March 28, 2019). "Real Estate, What It Is and How It Works". thebalance.com. Archived from the original on May 13, 2019. Retrieved May 13, 2019.
  16. ^ "Introduction to U.S. Economy: Housing Market" (PDF). Congressional Research Service. Archived from the original on 2022-07-29. Retrieved 2022-05-18.cite web: CS1 maint: bot: original URL status unknown (link)
  17. ^ Cutting, Robert H.; Calhoun, Lawrence B.; Hall, Jack C. (2012). "'Location, Location, Location' Should Be 'Environment, Environment, Environment': A Market-Based Tool to Simplify Environmental Considerations in Residential Real Estate". Golden Gate University Environmental Law Journal.
  18. ^ "Global status report for buildings and construction". International Energy Agency. 2019.
  19. ^ Frej, Anne B; Peiser, Richard B. (2003). Professional Real Estate Development: The ULI Guide to the Business (2 ed.). Urban Land Institute. p. 3. ISBN 0874208947. OCLC 778267123.
  20. ^ Geltner, David, Anil Kumar, and Alex M. Van de Minne. "Riskiness of real estate development: A perspective from urban economics and option value theory." Real Estate Economics 48.2 (2020): 406–445.
  21. ^ "Why Manhattan's Skyscrapers Are Empty". The Atlantic. 16 Jan 2020. Archived from the original on 13 April 2021. Retrieved 13 April 2021.
  22. ^ Garay, Urbi, Investment Styles, Portfolio Allocation, and Real Estate Derivatives (2016). Garay, U. “Investment Styles, Portfolio Allocation, and Real Estate Derivatives.” In Kazemi, H.; Black, K.; and D. Chambers (Editors), Alternative Investments: CAIA Level II, Chapter 16, Wiley Finance, 3rd Edition, 2016, pp. 401–421.
[edit]
  • The dictionary definition of real estate at Wiktionary
  • Quotations related to Real estate at Wikiquote

 

 

Lawn signs advertising houses for sale

Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.[1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.

Categories of representation

[edit]

A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region.[2]

Real estate licensing and education

[edit]

In most jurisdictions in the United States, a person must have a license to perform licensed activities, and these activities are defined within the statutes of each state. The main feature of the requirement for having a license to perform those activities is the work done "for compensation". Hence, hypothetically, if a person wants to help a friend out in either selling or buying a property, and no compensation of any kind is expected in return, then a license is not needed to perform all the work. However, since most people would expect to be compensated for their efforts and skills, a license would be required by law before a person may receive remuneration for services rendered as a real estate broker or agent. Unlicensed activity is illegal and the state real estate commission has the authority to fine people who are acting as real estate licensees, but buyers and sellers acting as principals in the sale or purchase of real estate are usually not required to be licensed. It is important to note that in some states, lawyers handle real estate sales for compensation without being licensed as brokers or agents. However, even lawyers can only perform real estate activities that are incidental to their original work as a lawyer. It cannot be the case that a lawyer can become a seller's selling agent if that is all the service that is being requested by the client. Lawyers would still need to be licensed as a broker if they wish to perform licensed activities. Nevertheless, lawyers do get a break in the minimum education requirements (for example, 90 hours in Illinois).[3]

Some other states have recently eliminated the salesperson's license, instead, all licensees in those states automatically earn their broker's license.

The term "agent" is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.

In all states, the real estate licensee must disclose to prospective buyers and sellers the nature of their relationship [4]

Specific representation laws

[edit]

Some U.S. state real estate commissions – notably Florida's[5] after 1992 (and extended in 2003) and Colorado's[6] after 1994 (with changes in 2003) created the option of having no agency or fiduciary relationship between brokers and sellers or buyers.

As noted by the South Broward Board of Realtors, Inc. in a letter to State of Florida legislative committees:

"The Transaction Broker crafts a transaction by bringing a willing buyer and a willing seller together and provides the legal documentation of the details of the legal agreement between the same. The Transaction Broker is not a fiduciary of any party, but must abide by the law as well as professional and ethical standards." (such as NAR Code of Ethics).

The result was that, in 2003, Florida created a system where the default brokerage relationship had "all licensees ... operating as transaction brokers, unless a single agent or no brokerage relationship is established, in writing, with the customer"[7][8] and the statute required written disclosure of the transaction brokerage relationship to the buyer or seller customer only through July 1, 2008.

In the case of both Florida[8] and Colorado,[6] dual agency and sub-agency (where both listing and selling agents represent the seller) no longer exist.

Other brokers and agents may focus on representing buyers or tenants in a real estate transaction. However, licensing as a broker or salesperson authorizes the licensee to legally represent parties on either side of a transaction and providing the necessary documentation for the legal transfer of real property. This business decision is for the licensee to decide. They are fines for people acting as real estate agents when not licensed by the state.

In the United Kingdom, an estate agent is a person or business entity whose business is to market real estate on behalf of clients. There are significant differences between the actions, powers, obligations, and liabilities of brokers and estate agents in each country, as different countries take markedly different approaches to the marketing and selling of real property.

The difference between salespersons and brokers

[edit]

Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees now help buyers through the legal process of transferring real property. Legally, however, the term "salesperson" is still used in many states to describe a real estate licensee.[citation needed]

Real estate broker (or, in some states, qualifying broker)

[edit]

After gaining some years of experience in real estate sales, a salesperson may decide to become licensed as a real estate broker (or Principal/qualifying broker) in order to own, manage, or operate their own brokerage. In addition, some states allow college graduates to apply for a broker's license without years of experience. College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed. Upon obtaining a broker's license, a real estate agent may continue to work for another broker in a similar capacity as before (often referred to as a broker associate or associate broker) or take charge of their own brokerage and hire other salespersons (or broker licensees). Becoming a branch office manager may or may not require a broker's license. Some states allow licensed attorneys to become real estate brokers without taking any exam. In some states, there are no "salespeople" as all licensees are brokers.[9]

Types of services that a broker can provide

[edit]

Real Estate Services are also called trading services [10]

Real estate brokers and sellers

[edit]

Flat-fee real estate agents

[edit]

Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example,[11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the property and negotiating a sales price.[11] The result is the seller pays less commission overall (roughly half) when the property sells.[11] This is because a seller will pay a percentage of the sales price to a buyer's agent but not have to pay a percentage to a seller's agent (because there isn't one; the seller is representing himself).

Brokerage commissions

[edit]

In consideration of the brokerage successfully finding a buyer for the property, a broker anticipates receiving a commission for the services the brokerage has provided. Usually, the payment of a commission to the brokerage is contingent upon finding a buyer for the real estate, the successful negotiation of a purchase contract between the buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller. Under common law, a real estate broker is eligible to receive their commission, regardless of whether the sale actually takes place, once they secure a buyer who is ready, willing, and able to purchase the dwelling.[12]

Economist Steven D. Levitt famously argued in his 2005 book Freakonomics that real estate brokers have an inherent conflict of interest with the sellers they represent because their commission gives them more motivation to sell quickly than to sell at a higher price. Levitt supported his argument with a study finding brokers tend to put their own houses on the market for longer and receive higher prices for them compared to when working for their clients. He concluded that broker commissions will reduce in future.[13] A 2008 study by other economists found that when comparing brokerage without listing services, brokerage significantly reduced the average sale price.[14]

RESPA

[edit]

Real estate brokers who work with lenders can not receive any compensation from the lender for referring a residential client to a specific lender. To do so would be a violation of a United States federal law known as the Real Estate Settlement Procedures Act (RESPA). RESPA ensures that buyers and sellers are given adequate notice of the Real Estate settlement process.[15]

Realtor

[edit]

In the United States, the term realtor is trademarked by the National Association of Realtors, which uses it to refer to its active members, who may be real estate agents or brokers.[16][17][18] In Canada, the trademark is used by members of the Canadian Real Estate Association.[19] Both organizations advise against the use of realtor as a generic synonym for real estate agent.[19]

Continuing education

[edit]

States issue licenses for an annual or multi-year period and require real estate agents and brokers to complete continuing education prior to renewing their licenses. For example, California licensees must complete 45 hours of continuing education every 4 years in topics such as agency, trust fund handling, consumer protection, fair housing, ethics, and risk management.[20]

Organizations

[edit]

Several notable groups exist to promote the real estate industry and to assist professionals.

  • The National Association of Realtors (NAR)
    • The Realtor Political Action Committee (RPAC) is the lobbying arm of the NAR.
  • The National Association of Real Estate Brokers (NAREB)
  • The Real Estate Institute of Canada (REIC)[21][22]
  • The Real Estate Roundtable[23]

Notable agents and brokers

[edit]
  • Alice Mason[24]

See also

[edit]
  • Buyer brokerage
  • Closing (real estate)
  • Estate (land)
  • Exclusive buyer agent
  • Flat-fee MLS
  • Home inspection
  • Index of real estate articles
  • Investment rating for real estate
  • Listing contract
  • Mortgage broker
  • Property manager
  • Real estate contract
  • Real estate development
  • Real estate investing
  • Real estate settlement company
  • Strata management

References

[edit]
  1. ^ "Real Estate Professionals Explained: Agent, Broker, REALTOR". Real Estate News and Advice | Realtor.com. 2014-03-10. Retrieved 2018-12-27.
  2. ^ "How Much Is Real Estate Agent Commission?". Bankrate. Retrieved 2018-12-20.
  3. ^ "FAQs". www.illinoisrealtors.org. Illinois Realtors. Retrieved August 16, 2018.
  4. ^ "Realtor Code of Ethics - Disclosure" (PDF). Real Estate Association Standards of Business Practice.
  5. ^ "Statutes & Constitution :View Statutes : Online Sunshine". Leg.state.fl.us. Retrieved 2014-02-10.
  6. ^ a b "Outline of types of representation available in Colorado, including Transaction Brokerage" (PDF). Dora.state.co.us. Retrieved 2014-02-10.
  7. ^ Evans, Blanche (2 July 2003). "Florida Implements Default Transactikn Brokerage Statute". realtytimes.com/. Realty Times. Retrieved 2 February 2014.
  8. ^ a b The 2007 Florida Statutes. Chapter 475 Real Estate Brokers — Part I; Real Estate Brokers, Sales Associates, and Schools (ss. 475.001-475.5018), Section 475.278 Authorized brokerage relationships; presumption of transaction brokerage; required disclosures (1) Brokerage Relationships: (a) Authorized brokerage relationships. — A real estate licensee in this state may enter into a brokerage relationship as either a transaction broker or as a single agent with potential buyers and sellers. A real estate licensee may not operate as a disclosed or non-disclosed dual agent ... (b)Presumption of transaction brokerage. — It shall be presumed that all licensees are operating as transaction brokers unless a single agent or no brokerage relationship is established, in writing, with a customer."
  9. ^ "Real Estate Broker's License: Examination and Licensing Application Requirements". New Mexico Administrative Code. State of New Mexico Commission of Public Records. 21 January 2021.
  10. ^ "Real Estate Laws Website". BC Real Estate Laws - Pat 1 Trading Services.
  11. ^ a b c Quigley, John M. (2000). "A Decent Home: Housing Policy in Perspective". Brookings-Wharton Papers on Urban Affairs. 2000 (1): 53–88. CiteSeerX 10.1.1.369.6806. doi:10.1353/urb.2000.0011. ISSN 1533-4449. S2CID 154714417.
  12. ^ "Getting a Brokerage Commission Paid | New York Law Journal".
  13. ^ Daniel Gross (20 February 2005). "Why a Real Estate Agent May Skip the Extra Mile". The New York Times. Archived from the original on 29 May 2015.
  14. ^ B. Douglas Bernheim; Jonathan Meer (13 January 2012). "Do Real Estate Brokers Add Value When Listing Services Are Unbundled?". The National Bureau of Economic Research. Working Paper Series. doi:10.3386/w13796. Retrieved 3 September 2016.
  15. ^ "CFPB consumer laws and regulations RESPA" (PDF). Consumer Financial Protection Bureau. Retrieved 13 October 2021.
  16. ^ Buch, Clarissa (20 April 2023). "What Is a Realtor? A Member of the National Association of Realtors". Realtor.com. National Association of Realtors. Retrieved 17 June 2023.
  17. ^ "Understanding the Difference Between a Realtor and a Real Estate Agent". The CE Shop. Retrieved 19 June 2023.
  18. ^ Colestock, Stephanie (August 13, 2021). "Realtor vs. real estate agent: What's the difference?". Fox Business. Retrieved 20 June 2023.
  19. ^ a b "Using the REALTOR® Trademark in Advertisements - CREA". 12 November 2020.
  20. ^ "Continuing Education Requirements". Ca.gov. California Department of Real Estate. Retrieved 26 June 2023.
  21. ^ "Professional Recognition of our Programs". Real Estate Division at Sauder, UBC. January 8, 2019.
  22. ^ "Real Estate Institute of Canada (REIC)". Thomson Reuters Canada Limited. Retrieved 8 January 2019.
  23. ^ "Lobbying Spending Database: National Assn of Realtors : 2007". Retrieved 2008-10-25.
  24. ^ Kodé, Anna (10 November 2024). "A Real Estate Queen and the Secret She Couldn't Keep Hidden". New York Times.
[edit]
  • Media related to Real estate agents at Wikimedia Commons

 

 

Realtor.com
Industry Real estate
Founded 1995
Headquarters
Austin, Texas
,
United States
Key people
  • Damian Eales (CEO)
  • Bryan Charap (CFO)[1]
  • Bryan Ellis (CRO)
  • Arthur Chapin (Chief Growth Officer)
  • Mickey Neuberger (CMO)
  • Chris Patalano (CTO)
  • Kat Koutsantonis (Chief People Officer)
  • Mausam Bhatt (CPO)[1]
Parent Move, Inc.
Website www.realtor.com

Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Austin, Texas. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.

The site launched as the Realtor Information Network in 1995, serving as a closed network for members of the National Association of Realtors. It relaunched in 1996 as a public website displaying property listings. Since then, Realtor.com claims to be the largest real estate website in the United States, and in 2016 was valued at $2.5 billion by Morgan Stanley.

Operations

[edit]

Realtor.com is operated by the real estate network Move, Inc.,[2] which is owned by News Corp.[3] Ryan O'Hara served as chief executive officer (CEO) of both realtor.com and Move until June 18, 2019.[4]

Following the announcement of O'Hara's departure, News Corp's President of Global Digital Real Estate Tracey Fellows was named acting CEO in June 2019. David Doctorow was named the CEO in January 2020.[5] In June 2023, Doctorow was succeeded by Damian Eales as CEO.[6][better source needed]

The website is licensed to operate by the National Association of Realtors (NAR), the real estate industry's largest trade association.[3][7] The company's business model is built around selling referral-based solutions, leads, and advertising to agents, brokers, and others in the real estate industry.[8] Realtor.com covers 80 countries.

History

[edit]

Early history and public listing

[edit]

Realtor.com first launched in 1995 as the Realtor Information Network (RIN), which at that time was a closed network providing proprietary information to members of NAR.[9][10]

In 1996, the hosting site became public, allowing any Internet users to search for property listings, and expanded with the addition of Regional Multiple Listing Service (RMLS) listings in August.[11] RIN grew from 32,000 property listings in December 1995 to nearly 400,000 properties by October 1996.[12][13]

The site was relaunched with the name "Spot Realtor.com" at the same realtor.com domain name in November 1996.[14][15] The site's management was assumed by a company called RealSelect,[15] in a new partnership with NAR, funded by investment from venture capital firms.[14] RealSelect later changed its name to Homestore, and continued to operate the realtor.com site with NAR as a partner.[16]

Starting in 1997, Realtor.com became the exclusive online real estate listings source for several companies, including USA Today,[17][18] NBC,[19] and America Online (AOL).[20][21] Realtor.com also entered into a partnership with Better Homes and Gardens Real Estate Service, beginning in 1998.[22]

With more than 1.3 million listings by 1999,[23][24] Realtor.com had become the largest website for real estate listings, and expanded services to include virtual tours of properties.[25]

Homestore went public in August 1999, raising $140 million in the process. NAR retained a significant equity position, but Homestore negotiated agreements with multiple listing services and brokerages to secure direct feeds of listings.[26]

News Corp era

[edit]

News Corp purchased Realtor.com's parent company, now called Move, for $950 million in September 2014.[4][27] According to comScore, Realtor.com was receiving 34.1 million unique visitors per month at the time.[28] New partnerships were formed with Airbnb, to focus on encouraging potential home buyers to stay in neighborhoods of interest to them;[2] and with Yelp, to provide users with information about listed properties' neighborhood amenities.[29]

Originally located in San Jose, California, the company moved to Santa Clara in 2016. [4]

Move acquired interior design and lifestyle website Remodelista and outdoor spaces and garden design website Gardenista in 2016 as part of Realtor.com's marketing strategy. At the time of purchase, the two sites represented 1.5 million monthly readers.[30] In June, 2019 the company sold back the websites to founder Julie Carlson and husband Josh Groves and are now independently operated by Remodelista LLC.[31]

As of 2016, Realtor.com claimed to display 97 percent of residential properties for sale in the United States,[32] and reportedly received 36.7 million unique monthly visitors.[4] The company was valued by Morgan Stanley at $2.5 billion.[33]

Features for augmented reality and image recognition in listings were added to the Realtor.com mobile apps in January 2017.[3][34] Also, the site began offering 3D tours from Matterport on its iOS app, and began offering the same technology on its website and Android app.[35]

Move acquired Opcity, the Austin, Texas-based real estate technology company, for $210 million in 2018. The company, which developed a platform that uses artificial intelligence and machine learning to match potential home buyers with agents,[36] continued to operate as an independent business until being integrated in 2019–2020.[37][38][39]

In 2018, Realtor.com introduced Local Expert, a digital marketing service for targeting ads to agents and prospective buyers on both the company's website and Facebook.[40] Local Expert was expanded in 2019 to allow ad purchases for searches at the city level in addition to the ZIP Code level.[41][42]

Another marketing product, Market Reach, launched in early 2020.[43] During 2019 and early 2020, Realtor.com added a number of features to improve search options, including a commute time filter,[44] noise overlay map,[45][46] and automated value model comparisons.[47]

In July 2020, Realtor.com introduced Sellers Marketplace to help consumers with iBuying by providing homeowners with information for comparing selling options.[48][49]

In August 2020, Realtor.com launched a digital tool to help people assess the risk of flooding to a home over the course of a 30-year mortgage. In May 2022, Realtor.com added wildfire risk data to the online tool. Both integrations were a result of collaboration with the First Street Foundation, a nonprofit research and technology organization that uses data and technology to predict climate-related risks.[50][51][52][53]

As of mid-2020, Realtor.com was receiving approximately 68 million unique users per month[54] The same year, Move purchased software company Avail. Avail provides tools used by landlords such as creating and marketing listings as well as collecting rent and maintenance requests.[55]

In 2021, it was reported as the number one real estate listings website[failed verification] and second most visited.[56]

In June 2022 Move acquired UpNest.com to expand its seller strategy. UpNest algorithmically matches real estate customers with multiple agents in their area. Since UpNest's launch in 2013 approximately 1 million agent proposals have been submitted on the UpNest platform.[57] In 2018 and 2019, UpNest was ranked on Deloitte's Technology Fast 500 as #85 and #116, respectively.

On February 10, 2025, it was reported that Realtor.com had relocated its headquarters from Santa Clara to Austin, Texas.[58]

Marketing

[edit]

Elizabeth Banks became a spokesperson for Realtor.com in 2015,[59][60] appearing in the company's YouTube series targeting millennials buying their first home.[61][62][63] Her first commercial for the company was directed by Fred Savage.[64] A subsequent campaign, "The Home of Home Search", launched in April 2018.[65]

Realtor.com's 2021 advertising campaign, "Homes for Every Home Buyer" uses the tagline "to each their home". One ad features rapper Big Boi in "Our First Big Boi House", which depicts first-time homebuyers of color and celebrates Black homeownership.[66][67] The website's advertising campaigns have been recognized by Adweek,[68][69] the Online Marketing Media and Advertising (OMMA) Awards,[70][failed verification][71] and the Webby Awards for their creativity, use of talent, and digital advertising.[72]

References

[edit]
  1. ^ a b "Leadership at Realtor.com". Realtor.com. Retrieved July 27, 2020.
  2. ^ a b Trejos, Nancy (June 24, 2015). "Airbnb, Realtor.com team up to let you try before you buy". USA Today. ISSN 0734-7456. Retrieved July 7, 2017.
  3. ^ a b c Levy, Nat. "Realtor.com's new features bring augmented reality, image recognition to home-buying". GeekWire. Retrieved July 7, 2017.
  4. ^ a b c d Scheinin, Richard (May 18, 2016). "Q&A: Realtor.com CEO Ryan O'Hara talks online real estate". The Mercury News. Retrieved July 7, 2017.
  5. ^ Falcon, Julia. "News Corp picks new CEO to run Move, realtor.com". HousingWire. Retrieved July 27, 2020.
  6. ^ "Realtor.com® Leadership - realtor.com®". www.realtor.com. Retrieved 2023-08-03.
  7. ^ Collins, Jeff (June 7, 2016). "Zillow to pay Realtor.com $130 million over trade secrets". Orange County Register. Anaheim, California: Digital First Media. ISSN 0886-4934. OCLC 12199155. Retrieved July 7, 2017.
  8. ^ Wiggin, Teke (November 15, 2016). "Realtor.com overhauls listing ad offering". Inman.com. Retrieved September 25, 2017.
  9. ^ Kopecki, Dawn (December 9, 1996). "Realtors Hope Web Untangles Costly Effort". The Washington Times. Washington, D.C. ISSN 0732-8494. OCLC 8472624. Archived from the original on December 22, 2017. Retrieved July 11, 2017.
  10. ^ Rebchook, John (March 16, 1998). "Sealed with a Click More People Using Web to Search for and Buy Real Estate". Rocky Mountain News. Denver. Archived from the original on December 22, 2017. Retrieved July 11, 2017.
  11. ^ Gendler, Neal (August 1, 1996). "Regional Multiple Listings on Web; But Edina Realty decides not to participate in the Twin Cities project". Star Tribune. Archived from the original on December 22, 2017. Retrieved July 11, 2017.
  12. ^ Perkins, Broderick (December 7, 1995). "Real estate industry trumpets its frenzied arrival on the information superhighway". Archived from the original on November 15, 2018. Retrieved July 11, 2017.
  13. ^ Napach, Bernice (October 28, 1996). "Web sites that can help you relocate". Medical Economics. Archived from the original on March 11, 2018. Retrieved July 11, 2017.
  14. ^ a b Gendler, Neal (November 13, 1996). "Partnership to keep Realtors' listing site available on World Wide Web; RIN accumulated millions of dollars in debt in 18 months". Star Tribune. Archived from the original on February 18, 2018. Retrieved July 11, 2017.
  15. ^ a b Timmons, Heather (November 19, 1996). "Reluctant Realtors Finding It Pays to Go On-Line". American Banker. Observer Capital. ISSN 0002-7561. Archived from the original on February 18, 2018. Retrieved July 11, 2017.
  16. ^ Gaw, Jonathan (August 2, 1999). "HomeStore.com Plans to Turn Internet Real Estate Into Equity". Los Angeles Times. ISSN 0458-3035. OCLC 3638237. Retrieved July 11, 2017.
  17. ^ "'USA Today' adds commerce partners". Advertising Age. Apr 16, 1997. Retrieved July 10, 2017.
  18. ^ "Realtor.com guides home shoppers on Web". Courier News. Somerville, New Jersey. August 15, 1997. p. 46. Retrieved July 10, 2017 – via Newspapers.com.
  19. ^ "Cyber-tv: NBC Joins Rival in Making Move to an Interactive Neighborhood". Chicago Tribune. April 9, 1997. ISSN 1085-6706. OCLC 60639020. Retrieved July 10, 2017.
  20. ^ "Digital City Brings Realtor.com Into Fold". Wired. May 21, 1997. Retrieved July 10, 2017.
  21. ^ "Digital City adds real estate section". Advertising Age. September 17, 1997. Retrieved July 10, 2017.
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Driving Directions in Alameda County


Driving Directions From Holiday Inn Dublin-Pleasanton, an IHG Hotel to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Dublin to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From La Quinta Inn & Suites by Wyndham Dublin - Pleasanton to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Barnes & Noble to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Hyatt House Pleasanton to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Four Points by Sheraton Pleasanton to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Apple Stoneridge Mall to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Best Western Plus Pleasanton Inn to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Macy's to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Alameda Naval Air Museum to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From The Meyers House and Garden to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From USS Hornet - Sea, Air and Space Museum to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Shoreline Park to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Museum on Main to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Robert W. Crown Memorial State Beach to Ralph Hurtado REALTOR | EXP Realty
Driving Directions From Alameda Museum to Ralph Hurtado REALTOR | EXP Realty

Reviews for Ralph Hurtado REALTOR | EXP Realty


Tina Chang

(5)

Ralph Hurtado has been my realtor for over 12 years and I have referred him to all my family and friends. Personally, he has helped me sell 3 and purchase 2 of my homes. He is honest, hard working, and someone who has high integrity and morals. When I asked for his guidance on whether we should sell my parents' home which would result in a pretty large commission payment to him, he proposed that we rent it out for a few years first before putting it on the market in order to save us money. Ralph will always put his client's interest first over his own because he genuinely cares about you. He has also made each sale or purchase stress free for me because he helps coordinate everything behind the scenes like scheduling the home inspection, house cleaning, photography, staging, etc. He keeps me informed on every stage of the process. I can call or text him numerous times throughout the day and he will respond within minutes. Even when it was a buyer's market, he manages to secure the best terms and prices for my properties, often receiving asking price or above asking. I have never worked with anyone who has gone above and beyond like he has. Ralph is an expert in his field and I highly recommend him for all of your real estate needs.

Steve Mapes

(5)

Had very little to do with real estate agents before meeting Ralph Hurtado. I was a general contractor, acquiring the land and building houses during the week and preferred to put my for sale signs out and sell them on the weekend myself. Constant increasingly complicated real estate contracts that were difficult for me to understand and the advent of a growing real estate fraternity with their sophisticated methods of advertising, etc., convinced me that employing a real estate agent would be the best method to get the highest sale's price while staying out of legal problems. I interviewed many real estate agents that I saw around town before choosing Ralph Hurtado to sell my house in Union City. I did what Ralph told me to do to the house that would give it the most sale's appeal and we set ( mostly him ) the sale's price accordingly. Obtained a buyer in a short amount of time at full sales price. I was very happy with the outcome, don't think I left anything on the table concerning the sale's price and I liked the ease of that transaction so much that I had Ralph find a duplex in San Leandro that I bought and renovated. Again I was also very satisfied with the outcome. What I like about Ralph is that he is always available ( not two days later as often is the case these days ) to respond to concerns and questions that I have about real estate. For instance, how much do I increase the rent on my rental units. He keeps me informed on what is happening in the real estate world. For instance, he encouraged me for renters to get rental insurance because protects both landlord and renter. In fact, he must get tired of all my questions, but never does. Square shooter who covers all my bases; therefore, he is and will continue to be my real estate agent..

gavin c

(1)

Non-stop spam calls from this guy. Stop calling me!!

Frequently Asked Questions


The value of your home depends on location, condition, current market trends and comparable sales of similar properties. In order to get a fairly accurate picture of the current market value of your home, I would recommend either I come out and do a 15 minute walk through and can offer a no obligation Comparative Market Analysis (CMA) – contact me today!

Every sale comes with certain difficulties which demand decisions to be made one sale at a time. However, for starters: Ensure you have clear goals and expectations of the sale you want to achieve on the home. Know what is going on in the local market and know your list price. Prepare your home (clean, de-clutter, repairs list, stage). Set up a process for showing the property to potential buyers and stick to a schedule. (As much as you can make it easy for buyers to view). Post with professional marketing (photos, videos, online exposure). Act on and negotiate on the offers you get and do so quickly. Know the close of escrow timeline.

The real estate agent receives his or her fee based on the sale of the property. First of all, brokers keep the same price for the service no matter how your house has been sold and you include the fact you have found the buyer yourself. Our system offers you total choice. On the other hand, there is an idea; don’t pay for something you might not require. Our fee structure is flexible and tailored to your specific situation, which means you only pay for what you use.

An appraisal is a professional evaluation conducted by a licensed appraiser to determine a home's market value. It is required by lenders to ensure the home is worth the purchase price amount and protects both the buyer and lender from overpaying. Factors influencing an appraisal include recent comparable sales, home condition, location, and market trends. If the appraisal comes in lower than the purchase price, buyers may renegotiate the price with the seller, challenge the appraisal, or increase their down payment to meet the lender’s requirements.

Yes! Some strategies are contingent offers, bridge loans, and rent backs. I am a specialist at smooth transitions—what will I do next?

The following are considered fixed items and will usually remain with the house; light fixtures, built-in appliances, window treatments, and landscaping. The personal items such as furniture and decorations can only be removed except for the situations mentioned above or the buyer can be allowed to do so or the items can be sold during the escrow period.

In 2024, the average time it took for homes in Tri-Valley & Tri-city areas to sell was 17 days. The time from listing to sale varies with market conditions, price, and home condition.

A seller disclosure is a legal requirement that provides information to the buyer about the property. These may be structural issues, water damage, previous repairs, environmental hazards, or even neighborhood conditions that may affect the value of the home. To protect both the buyer and the seller in the transaction, sellers in California are required to provide full transparency. It is important to note that not disclosing material defects is legal consequences. The disclosures are usually in the form of standard reports which are the Transfer Disclosure Statement (TDS) and the Natural Hazard Disclosure (NHD) report. It is therefore important to read these documents and understand their content before making a purchase decision.

An as-is sale indicates the home remains in its present state and the seller provides no guarantees about its condition. The scope of work could attract investors or buyers who seek projects but has two drawbacks: it restricts buyer demand and influences the market price. While most homebuyers will require inspections which can lead to a re-negotiation of price based on repairs required, there are situations where the as-is sale can be quite useful. Those who want to avoid the process of repair and restoration before they can make a profit off of a home may find it helpful to understand the implications of an as-is sale.

Sellers can do a pre-listing inspection to uncover issues before listing. Buyers also have the right to pay for and should be advised to get their own inspections.

No. However, staging makes houses sell more quickly and bring in higher prices. To really make a home shine and help it sell quickly, focus your staging efforts on the living room, kitchen and master bedroom. Some strategies can help you make your home really appealing!

1. Clean house thoroughly and remove all clutter. (Exterior pressure washing and window cleaning.) 2. Make small repairs (This makes the buyer believe the home has been well taken care of.) 3. Improve the look of the outside (If a buyer has to like the exterior first, then they will have to walk in and they will have to continue liking what they are seeing)) 4. Stage key rooms (Staging makes the buyer have a vision of living in your property)

We serve the following areas: Alameda, Contra Costa, Santa Clara Counties.

Home buying & selling, Probate & Trust sales, Real Estate Investing, Market Analysis & Pricing Strategy.

Call 877-740-0009, or book online at ralphhurtado.com

Yes, I can assist you with that. I can assist you with getting pre-approved for a mortgage and even help you compare and find the best mortgage rates.

For example, I perform a Comparative Market Analysis (CMA) using similar sales, current market trends, and property condition to come up with a value or pricing. However, each property is unique in its value based on factors that include location, architectural style, upgrades, and neighborhood desirarity. No two homes are exactly the same and that's why I take detailed approach to pricing. I make sure that your home value is well portrayed in the current market through the use of comparable sales analysis and including distinctive features. The listing price is at the discretion of the sellers, based on their objectives and market situation, and the final sales price is determined by the buyers through their bids and negotiation. There are appropriate strategies for pricing a property that will increase the chances of more people being interested and as a result, the sale price being higher.

Here is our business hours M-F 8 AM–6:30 PM, Sat 8 AM–6 PM, Sun 8 AM–5:30 PM

Call 877-740-0009, or book online at ralphhurtado.com

Yes! I provide video walkthroughs for buyers.

I've been selling Real Estate since 2004.

Homes sell in about 17 days, depending on pricing and market conditions.

Yes! Check out client reviews on ralphhurtado.com, LinkedIn, Zillow, Etc.

Real estate markets never stand still because they are in a constant state of change. I can share some general trends and information, but then that can be misleading because every home and neighborhood has certain factors that make it special and therefore its value and desirosity. General market reports may not capture the detailed dynamics of your property or local market. To help you make informed decisions, I offer a unique market analysis based on your goals, so you can better navigate the market whether it’s rising or falling. Just contact me to find out what’s happening in your neighborhood and property.

Yes! New communities, shopping centers, and infrastructure projects are underway. Contact me for the latest updates!

Pleasanton, Livermore & Dublin are warmer in the summer months, while those closer to the bay have cooler temperatures and occasional fog. I believe the city of Hayward brings a balance to both.