Business & Money

How Agents Can Thrive Under New Real Estate Rules

Published

8 months ago

July 26, 2024

The real estate industry is undergoing significant changes due to recent legal settlements and new regulations. These shifts present both challenges and opportunities for agents. By adapting strategies and focusing on value-added services, real estate professionals cannot only survive but thrive in this new landscape.

Here’s how:

Understand the Key Changes

Sellers are no longer required to pay buyer’s agent commissions.
Written agreements with buyers detailing services and costs are now mandatory.
Offers of compensation for buyer’s agents will no longer be listed on Multiple Listing Services.
These will be required before touring homes.

6 Strategies for Success

1. Educate Clients and Yourself

Stay informed about the latest changes and be prepared to explain them clearly to clients. This knowledge will position you as an expert and trusted advisor. Consider creating educational materials or hosting seminars for potential clients to demonstrate your expertise.

2. Diversify Your Service Offerings

With buyers potentially facing higher out-of-pocket costs, consider offering a range of service levels at different price points. This could include:

- Full-service representation
- À la carte services
- Flat-fee options for specific tasks

3. Emphasize Your Value Proposition

With increased transparency, it’s crucial to clearly articulate the value you bring to transactions. Develop a strong personal brand and marketing strategy that highlights your unique skills, local market knowledge, and track record of success.

4. Embrace Technology

Leverage technology to streamline your processes and offer enhanced services to clients. This could include:

- Virtual tours and 3D property walkthroughs
- Advanced market analysis tools
- Client relationship management (CRM) systems

5. Focus on Building Relationships

With fewer buyers potentially working with agents, focus on building strong, long-term relationships with clients. Provide exceptional service that leads to referrals and repeat business.

6. Develop Negotiation Skills

As commission structures become more flexible, strong negotiation skills will be crucial. Invest in training to enhance your ability to advocate for your clients and your own interests.

Data Insights

While specific data on the impact of these new rules is still emerging, some trends are worth noting:

The average commission rate for real estate agents has been declining. In 2022, the average rate was 5.37%, down from 5.61% in 2015 (Source: Real Trends).
A 2023 National Association of Realtors survey found that 26% of buyers did not use an agent, up from 17% in 2012.

These trends suggest that agents who can adapt to the new landscape and demonstrate clear value will be best positioned for success.

The changes in real estate regulations present an opportunity for innovative and client-focused agents to differentiate themselves. By embracing transparency, offering flexible service models, and continually educating both themselves and their clients, agents can thrive in this new era of real estate.

Remember, as one industry professional noted, “Never a better time to get into the business. Agents are scared of change. It’s the best time to capitalize on the changes and adapting. As agents drop out they leave behind market share that you can pick up.”

By viewing these changes as an opportunity rather than a threat, and by focusing on providing exceptional value to clients, real estate agents can navigate this shifting landscape successfully and build thriving, sustainable businesses.

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Business

The Last of Us” Season 2: Cast and Creators Share Insights at SXSW

Published

2 hours ago

March 9, 2025

Bolanle Media Staff

The cast and creators of the highly anticipated second season of “The Last of Us” gathered at SXSW to discuss the upcoming season. The panel featured cast members Pedro Pascal (Joel), Bella Ramsey (Ellie), Gabriel Luna (Tommy), Kaitlyn Dever (Abby), Isabela Merced (Dina), and Young Mazino (Jesse), along with co-creators Neil Druckmann and Craig Mazin.

Navigating Expectations and Surprising Fans

With the immense success of season one, Druckmann and Mazin acknowledged the pressure to deliver a worthy follow-up. Mazin emphasized their approach to cater to both fans of the game and newcomers to the series. “We try and think about the people who have played the game and make sure that we keep them on their toes and a little bit surprised,” Mazin stated. Druckmann highlighted the emotional weight of adapting “The Last of Us Part II,” emphasizing the dedication of the entire production team to doing justice to the source material.

A Glimpse into Season 2

Attendees were treated to a trailer for season two, offering a glimpse into the evolving relationship between Joel and Ellie five years after the events of the first season. Ramsey described the changed dynamic, hinting at a rift between the characters. Pascal added that their relationship is in “a different place” and that it is “fucking heartbreaking”.

Big Ideas: Tribalism, Love, and Loss

The creators delved into the central themes of season two, including tribalism, the destructive nature of love, and the consequences of loss. Druckmann explained that the season explores the complexities of community and the dehumanization that can occur when groups clash. Mazin emphasized the escalation of these themes, highlighting the potential for isolation and the lengths characters will go to protect their loved ones.

New and Expanded Characters

The panel also touched on new characters and expanded roles in season two. Gabriel Luna discussed Tommy’s evolution into a father, emphasizing how it solidifies his purpose and strengthens his commitment to protecting his family and community. The introduction of new characters like Gail, played by Catherine O’Hara, and the expansion of existing characters like Isaac, played by Jeffrey Wright, promise to add depth and nuance to the narrative. Additionally, the inclusion of Joe Pantoliano as Eugene, a character mentioned but not seen in the game, offers a rewarding experience for longtime fans.

Music as a Binding Force

Music continues to play a significant role in “The Last of Us,” particularly in the relationship between Joel and Ellie. Ramsey shared that music serves as a bonding experience for the characters, mirroring the connection between the actors on set. The guitar, a symbol of Joel’s promise to teach Ellie, takes on a more prominent role in season two.

Diving into the Game

The actors discussed their individual approaches to engaging with the source material. Kaitlyn Dever shared her experience playing the game with her father, while Young Mazino admitted to playing the second game up to a certain point.

How to Find More Free Events

SXSW Official Schedule: Use the SXSW website to filter for free events.
Eventbrite: Browse listings for unofficial SXSW events, many of which are free or low-cost.

Whether you’re a badge holder or not, SXSW 2025 offers something for everyone. From delicious food to live music and interactive experiences, there’s no shortage of fun to be had without spending a fortune. So, grab your friends and enjoy the best of Austin without a badge!

Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life

Business

No Badge? No Problem: Free SXSW Events

Published

2 hours ago

March 9, 2025

Bolanle Media Staff

SXSW, one of the world’s most vibrant festivals, is underway in Austin, Texas, from March 7 to 15, 2025. While official badges can be pricey, there are plenty of free events and activities that allow everyone to join in on the fun without breaking the bank. Here’s a guide to some of the best free events at SXSW 2025:

Free Food and Drinks

Argentinian Barbecue at Tech N’ Fest
- Enjoy a fusion of Argentinian and Texas barbecue, along with complimentary wine and beer, at Buenos Cafe on March 7.

Love is Blind at Lucille
- Celebrate the fifth anniversary of Netflix’s “Love is Blind” with free coffee and cocktails at Lucille on Rainey Street.
Free Pastries and Non-Alcoholic Beer
- Handsome’s and Helium Mobile are hosting a gathering with free pastries and non-alcoholic beer, featuring DJ Jah Karma.
Mionetto Salone
- Experience Italian culture with free spritzes and Prosecco at the Mex-Ar Museum.

Interactive Experiences

Whataburger’s Museum of Art
- Explore hundreds of pieces of fan art and interactive features at Wanderlust Wine Co. on March 8-9.
Barbie Birthday Cake Mochi
- Enjoy free mochi ice cream at the SX Registrant booth from March 7 to 12.
Artisan Mercado@SXSW
- Discover local artisans and their wares at 419 Congress Ave. on March 7..

Music and Entertainment

Rolling Stone’s Future of Music Showcase
- Catch live music performances at ACL Live from March 11 to 14.

Taiwan Beats Day Party
- Enjoy Taiwanese hip-hop performances and cuisine at Seven on East 7th Street.
Something To Feel X SXSW Rnb Party
- Dance the night away at 612 W 4th St on March 7.

Networking and Community Events

K-Content Night 2025 @ SXSW
- Enjoy free dinner and drinks at Parlor & Yard on March 8.
SXSW Creator & Publisher Happy Hour
- Network with industry leaders at Chisos Boot Company on March 8.

How to Find More Free Events

SXSW Official Schedule: Use the SXSW website to filter for free events.
Eventbrite: Browse listings for unofficial SXSW events, many of which are free or low-cost.

Business

A New Approach to Family Planning in Houston

Published

3 weeks ago

February 18, 2025

Bolanle Media Staff

Houston families are increasingly turning to pre-planning funerals, a trend that reflects a growing awareness of the benefits of advance preparation. This shift is driven by several key factors that are reshaping how Houstonians approach end-of-life planning.

Financial Considerations

Pre-planning offers significant financial advantages. The median cost of a funeral with viewing and burial in 2023 was $8,300 nationally, while a funeral with cremation cost $6,280. By pre-planning, Houston families can lock in current prices, potentially saving thousands of dollars. In Texas, the funeral industry is expected to grow to $1.4 billion by 2025, indicating rising costs that make early planning even more crucial.

Emotional Benefits

Pre-planning alleviates the emotional burden on families during a difficult time. A survey revealed that 63% of policy owners have recommended pre-arranging to others or plan to do so, highlighting the peace of mind it brings. By making decisions in advance, families can focus on celebrating their loved one’s life rather than struggling with last-minute arrangements.

Customization and Choice

Houston’s diverse community brings unique perspectives to legacy planning. Pre-planning allows individuals to tailor their final arrangements to their personal preferences, cultural traditions, and religious beliefs. This customization ensures that one’s final wishes are honored and can include choices about burial, cremation, or even emerging options like green funerals, which 68% of people expressed interest in exploring.

Industry Trends in Houston

Houston is at the forefront of funeral industry innovation, particularly in the natural burial movement. The city’s funeral homes are adapting to changing consumer preferences, with 52% of people nationally having attended a funeral at a non-traditional location. This trend is likely to continue, with Houston funeral homes offering more diverse and personalized services.

Steps to Pre-Plan

Reflect on personal preferences for service type, burial or cremation, and cultural customs.
Discuss plans with family members to ensure understanding and agreement.
Research local funeral providers, considering reputation and pricing.
Prepare necessary documents, including advance directives.
Make arrangements with a chosen funeral home, selecting specific details of the service.

By taking these steps, Houston families can ensure their legacies are preserved while reducing the emotional and financial stress on their loved ones. As the funeral industry in Texas continues to grow, with 1,738 funeral homes employing 8,650 people statewide2, pre-planning emerges as a wise decision for those looking to secure peace of mind for themselves and their families.