Kurt Carlton
Dallas, Texas, United States
12K followers
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T3 Sixty
The industry is split on the Clear Cooperation Policy (CCP). NAR needs to take a decision on what Clear Cooperation should be, and work to unite the industry behind this vision. Read the Opportunity Report now to better understand the industry's leaders' perspectives and opportunities when it comes to organized real estate. Download your copy FREE: https://lnkd.in/eXptWQJk
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Pareto
In the competitive landscape of real estate, every connection counts. A study by NAR revealed that agents with earnings over $100,000 annually saw a third of their business coming from referrals by past clients, with another 34% from repeat business. This level of success hinges on one critical factor: maintaining consistent communication with clients. But here's the challenge: the hustle of the industry often means that valuable contacts slip through the cracks. In a city like Nashville, where residents move on average every 7 years, the opportunity for repeat business is immense—but only if you remain top of mind. Enter byPareto. Our platform ensures that you never miss a beat with your client base. We automate the personal touch that your clients expect, from timely greetings to market insights that matter to them. Pareto is more than a tool; it's your strategic ally in turning every client into a lifelong business opportunity. With Pareto's innovative system: ✅ No client is ever forgotten. ✅ Every special occasion is an opportunity to reconnect. ✅ Market changes become seamless conversation starters. ✅ We do the work for you ✅ Your clients will begin reaching out to you In a world where the personal touch is becoming increasingly scarce, Pareto brings it to the forefront of your business strategy. Pareto is like having a personal marketing assistant for a fraction of the cost. Let's make sure that when it's time for your Nashville clients to make their next move, you're the one they call. 🔑 #RealEstate #ClientRetention #NashvilleHomes #RelationshipMarketing #Pareto #NeverMissAnOpportunity
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KATIE DOOLEY CURRAN
What is NAR'S Clear Cooperation Policy? Please click the link below, Robert Reffkin explains why this is NOT in the Seller and Buyers best interest. Robert is a huge advocate for all of us, including YOU! https://lnkd.in/gE46DV7B This sums it up, take a listen. Conflict "The Clear Cooperation Policy forces Realtors to comply with MLS-mandated rules even when they conflict with the first sentence of the first article in the Code of Ethics. Clear Cooperation can require Realtors to act against their clients’ best interests when clients want to market their homes publicly for more than one day without placing them on the MLS. The assumption that every client desires maximum exposure for their listing is mistaken: Many clients don’t believe that more exposure equals a higher price. If more exposure equals a higher price, why do home builders sell hundreds of thousands of homes off-MLS each year? If more exposure equals a higher price, why do hundreds of thousands of companies not sell their products on Amazon, where there is the most exposure? Some clients care more about privacy than price. They shouldn’t be forced to surrender their privacy to sell their home. Examples where the client may not want to market on the MLS A family member is seriously ill, and the family wishes to maintain privacy to avoid additional stress. A couple going through a divorce prefers to avoid public attention until their affairs are settled. An individual is moving for a confidential job opportunity. The property is undergoing recommended improvements; the owner wants feedback on how the improvements may impact sales price before showcasing it to potential buyers. Sellers want to test the asking price privately without accumulating unnecessary “days on market.” In these instances, Realtors must question whether complying with the Clear Cooperation Policy is truly in line with their ethical responsibilities. Realtors must balance marketing and cooperation on the MLS with the duty to prioritize their clients’ best interests. When these two priorities conflict, client interests must precede MLS policy. Moreover, state law says, “A seller’s agent has, without limitation, the following fiduciary duties to the seller: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account.” Clear Cooperation is forcing agents to break the law (fiduciary duty) by forcing them to push their clients to list in the MLS, even if their clients believe that marketing outside the MLS will result in a higher price or desired privacy. Furthermore, it damages the relationship between agents and MLSs, fining them up to $5,000 for doing what their clients asked. The Clear Cooperation Policy should be removed so that NAR ethical rules can provide more flexibility to account for a wide variety of clients’ interests when marketing their homes." Please take one second to sign. https://lnkd.in/gNfpzZY4 Inman article
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Keaton McNeely
Agent Commission Rates Continue to Slip Post NAR Settlement The average commission rate for U.S. real estate agents has dropped to 5.32%, the lowest national level in five years, according to recent research by Clever Real Estate. This rate reflects a 0.17% decrease from 2023's 5.49%, potentially signaling early effects of the National Association of Realtors (NAR) commission rate settlement, implemented in August. The NAR's $418 million settlement addresses high commission costs that placed an outsized burden on sellers, removing the obligation for sellers to cover the buyer's agent commission. Among surveyed agents, commission rates varied between 3.22% and 5.86%, depending on location, real estate firms, and market trends, with the rates typically open to negotiation. For a home priced at the national median of $361,300, the current average 5.32% commission rate would equal around $19,222 in total fees. Typically, the seller's agent would receive approximately 2.74%, or $9,900, while the buyer's agent would receive 2.58%, or about $9,322. "This slight reduction in commission rates could have broader implications for the real estate sector in the coming years," said Jon Stubbs, lead researcher on the commission report. "Agents are adapting their business models to stay competitive as the market adjusts to these new regulations." Sellers looking to cut commission costs can choose companies like Clever that offer pre-negotiated lower rates with top agents, such as a 1.5% commission. "Many sellers don't realize how flexible commission negotiations can be," Stubbs added. "This is a critical time for sellers to learn about their options, as even small commission reductions can result in significant savings." -THE WORLD PROPERTY JOURNAL ™
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Sara Mayer Consulting
🚀 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞𝐝 𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 (𝐀𝐂𝐌): 𝐘𝐨𝐮𝐫 𝐁𝐥𝐮𝐞𝐩𝐫𝐢𝐧𝐭 𝐭𝐨 𝐄𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬 𝐒𝐮𝐜𝐜𝐞𝐬𝐬! 🏡💼 Real estate agents, it’s time to: 🔧 Build, Fuel, and Run a system designed for effortless closings. 🔥 Focus on the essentials that drive results and boost your income—no burnout, just success. ACM isn’t a theory; it’s a proven system built from real-world experience. The same blueprint that launched a six-figure business can now help YOU achieve consistent, high-income results. 📈 Ready to simplify, streamline, and succeed? Say hello to the tool that makes every action count. 💻 Click the link to learn more and transform your real estate journey today! https://lnkd.in/gdcGYs6u #proudaffiliate #RealEstateSuccess #AcceleratedClosingMachine #EffortlessClosings #RealEstateAgentTools #HighIncomeBlueprint #boldgoalcrushers #timemanagement #goalachieved #GoalSetter #timemanagementskills #saramayerconsulting #bettertimemanagement
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OnSight Real Estate
💼 Ready to take your real estate career to the next level? Becoming a six-figure agent doesn’t happen by chance—it requires the right strategies, mindset, and tools. We’ve put together an essential guide for new agents looking to break into the world of high earnings. 📈 Here’s what you’ll find in this free eBook: Proven lead generation techniques to build your clientele 🎯 Sales and negotiation tactics to close more deals confidently 💪 How to leverage technology for efficiency and growth 💻 Tips on scaling your business for long-term success 📊 Whether you're just starting out or looking to accelerate your earnings, this guide gives you actionable steps to hit that six-figure income mark. 💡 Download your free copy now and start your journey to six figures! 👇 https://lnkd.in/eCdgU-Nm #RealEstateSuccess #LeadGeneration #SalesTips #BusinessGrowth #RealEstateAgents
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Jerry Glass
A message to all who are contemplating a career in the real estate industry.... ~ Future trends will depend upon several factors ~ Business practices, mortgage affordability, seller concession trends, condition, location & curb appeal will continue to impact for years to come! Effective August 17, the real estate industry across the United States will change & begin to measure how many sellers opt to withhold both the paying of a buyer agent's compensation & resistance to reduce that amount from their sales price expectations! Though lending practices are beginning to allow consumers to pay that particular cost of the home purchasing experience, more than a 1/3 of the consumer pool is NOT capable of including that additional cost towards their dream of homeownership. Consider the following reality, a seller says no to pay a buyer agent's compensation yet does not reduce their sales price expectations by any reasonable amount and requires the consumer to pay twice for that cost of doing business! Consumers are SAVVY and aware that the cost of buyer agent compensation has been baked into the sales price & appraisal process for decades! Consumers will learn quickly how best to manage unreasonable expectations especially when led by competent professionals. How a seller markets their most valuable asset, through their real estate professional, will accomplish the following; marketing to the broadest consumer pool to realize a highest and best sales price, conducting business in good faith & directly reassuring the consumer they support their need for housing throughout the local marketplace. Good faith & ethical behavior will continue to be tested! https://lnkd.in/gqd9jPs8
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Phillip Sann
🏡✨ Big Changes Mean BIGGER Benefits for You! ✨🏡 At eXp, we believe in transparency, trust, and your success! The recent NAR settlement is shaking things up in a way that enhances clarity and builds stronger relationships between agents and clients. 🤝🌟 The settlement means clearer communication, defined responsibilities, and a greater focus on YOUR needs—whether you're buying your dream home or selling with confidence! Here's what this means for YOU: 💬 More Open Conversations: You'll know exactly where you stand, every step of the way. 🔍 Greater Transparency: Understanding fees and agent responsibilities has never been easier. 🏆 Stronger Relationships: With clarity and honesty, we can build trust that lasts! Have questions about how these changes impact your buying or selling journey? Let's chat! ⬇️ What do you value most in a real estate transaction? 🏠 Drop a comment below or DM me to discuss how this new level of transparency can work for YOU! 📝 #eXp #eXplife #realestate #realestatelife #trust #transparency #realestatenews #luxuryhomes #clientconfidence
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Real Estate Professional
For agents adapting to evolving market dynamics, community is the cornerstone of success. In the ever-evolving real estate landscape, where technology and trends shape the industry’s trajectory, one aspect remains timeless: the importance of community. As top real estate agents navigate the intricacies of the US market, recent insights from Sarah Friar, CEO of Nextdoor, shed light on the pivotal role of neighborhood connections and community engagement. https://hubs.ly/Q02DH8Rx0 #RealEstate #CommunityEngagement #NeighborhoodConnections #RealEstateAgents #AuthenticMarketing #CommunityActivists #RealEstateTips
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Real Estate Backstage
🎙️ Today on Real Estate Backstage we cover the intensifying debate over the Clear Cooperation Policy, NAR's recent petition filed with the Supreme Court, and the most recent inflation date from September's Consumer Price Index. #realestatebackstage #podcast #realestate #mortgage #insurance #entrepreneur #area #nar #clearcooperationpolicy
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Grant Cardone
Limited time deal opportunity at Cardone Capital. Text "DEAL" to 305-407-0276 to start investing. CardoneCapital.com You can INVEST with your IRA/401k. Call or text to see if you qualify #CardoneCapital #realestatetips #MultifamilyInvesting #realestateinvesting #billionaire #grantcardone #10x #realestatetips #millionairementor #wealthcreation #wealthy This is not an offer; offers will be made only by means of the Regulation D Offering Documents (available at https://lnkd.in/g9YqipZS) or the Regulation A Offering Circular (available at https://lnkd.in/eYH39xSs), either of which may be updated or amended from time-to-time with the most recent Offering Circular or Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only. For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit https://lnkd.in/eed7KWVz
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19 Comments -
REAL VA PROS
🏡🔍 The 2024 NAR Settlement transformed the real estate landscape! With its approval, innovative business models are on the horizon, encouraging flexible commission structures. It's time for agents to explore fresh avenues for service fees and lead the change in this dynamic market! 💼💡 #RealEstate2024 #NARSettlement #InnovateAndAdapt
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Damien Rubanick
Not All ‘First-Time Homebuyers’ Are Who You Think – Key Insights for Real Estate Agents from NAR's Latest Guide Did you know that ‘first-time homebuyers’ aren’t always buying for the first time? NAR’s latest guide reveals that first-timers could be former homeowners or solo buyers after a joint purchase. In this video, we break down what this means for real estate agents: why understanding this definition matters, how to guide these buyers through financing options, and the crucial role of mandatory buyer agreements. Get ready to meet the needs of today’s diverse first-time buyers with these must-know insights! Don’t forget to subscribe for more real estate updates. #realestate #realestateagent #realestateagents #realtor #realestatenews
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Propellent Real Estate Data
The recent NAR settlement is set to reshape the real estate landscape, potentially impacting how buyers interact with real estate professionals. Let's break down the key points and explore how the new legislation might affect these trends: Buyer-Agent Relationships in Flux Currently, 89% of buyers purchase homes through real estate agents or brokers. However, the NAR settlement could shift this dynamic. Potential Impact: With the new rules prohibiting listing agents from advertising buyer agent commissions on MLS, buyers may become more aware of agent compensation. This transparency could lead to more direct negotiations between buyers and their agents, potentially altering the 89% statistic. Agent Selection Process 43% of buyers find their agents through personal referrals, while 13% return to agents they've worked with before. Only 7% find agents through online property inquiries or websites. Potential Impact: The NAR settlement may encourage buyers to be more proactive in agent selection. As commission structures become more transparent, buyers might: Research agents more thoroughly online Compare services and fees more explicitly Seek out agents who offer flexible commission models This could reduce reliance on personal referrals and increase the percentage of buyers finding agents through online channels. Single Agent Interviews A striking 71% of buyers interview only one agent during their home search. As awareness of agent compensation grows, buyers might: Interview multiple agents to compare services and fees Seek out agents who offer innovative pricing models Be more likely to negotiate terms with potential agents This could lead to a decrease in the percentage of buyers who stick with the first agent they meet. Agent Loyalty and Satisfaction An impressive 90% of buyers would use their agent again or recommend them to others. While high satisfaction rates are positive, the NAR settlement might introduce new factors into buyer-agent relationships: Buyers may become more discerning about the value they receive relative to agent compensation Agents who adapt quickly to the new landscape, offering transparent pricing and clear value propositions, may see increased loyalty Looking Ahead The NAR settlement aims to increase transparency and competition in the real estate market. As these changes roll out, we may see: More diverse agent compensation models Increased emphasis on agent value proposition and service quality Greater buyer awareness and involvement in the agent selection process As the market adapts to these new rules, we'll likely see evolving trends in how buyers interact with real estate professionals. #realtor #nar #realestate #realestateagent #housing #housingmarket
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Keaton McNeely
NAR offers new advice for sellers on agent compensation With industry rule changes now in effect, the National Association of Realtors has been doubling down on education and outreach to buyers and sellers. The National Association of Realtors is growing its series of post-settlement guides for consumers, with the most recent addition aimed at helping sellers understand their options for choosing — or not — to make an offer of compensation. What NAR is telling consumers about agent pay: The new seller guidelines start with a brief summary of what an offer of compensation is and the typical costs. But ultimately, NAR is taking a clear stand on reaffirming the practice changes for agents and ensuring consumers that they are the ones in the driver's seat. "It is up to you to determine if making an offer of compensation is the best approach for selling your property," one guideline states, while another adds that agents can "only offer compensation or make a payment to a buyer's agent if they have your written approval and sign-off on the amount." Educating sellers on different types of compensation: While NAR has emphasized that commissions have always been negotiable, that's news to some consumers — especially younger sellers. An NAR report earlier this year found that nearly a quarter of millennials did not know they could negotiate agent fees. That may be due to the fact that historically, the vast majority of sellers have paid 5-6% commission, shared between the listing and buyer agent. But with cooperative compensation no longer set in stone, NAR is being more direct when communicating with consumers, reinforcing the idea that commissions are negotiable and sellers can choose to compensate agents in different ways. "There are many options available to you as a seller to discuss with your agent," NAR wrote in its latest guide. "These could include a flat fee paid directly to the buyer's agent or allowing your agent to share a part of their compensation with the buyer's agent." The NAR clarifies that concessions, such as closing costs and property repairs, help reduce buyers' upfront expenses and make homeownership more accessible. However, while concessions can cover some transaction costs, buyer agent fees are not specifically mentioned. Communicating concessions has been a tricky issue for some MLSs. In the spring, the country's two largest MLSs, CRMLS and Bright MLS, added concessions fields that allowed agents to include an amount sellers were willing to offer. Bright MLS also gave agents the option of specifying, at closing, the type of concessions offered — including the payment of buyer-broker fees. CRMLS ultimately changed its field to say only that sellers were willing to consider concessions, and Bright soon followed suit, while also removing any mention of buyer agent fees. - REAL ESTATE NEWS
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Cardone Capital
Don’t Be The Boss, Be The Investor! CardoneCapital.com Text to 305-407-0276 to start investing. You can INVEST with your IRA/401k. Call or text to see if you qualify #CardoneCapital #realestatetips #MultifamilyInvesting #realestateinvesting #billionaire #grantcardone #10x #realestatetips #millionairementor #wealthcreation #wealthy This is not an offer; offers will be made only by means of the Regulation D Offering Documents (available at https://lnkd.in/g9YqipZS) or the Regulation A Offering Circular (available at https://lnkd.in/eYH39xSs), either of which may be updated or amended from time-to-time with the most recent Offering Circular or Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only. For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit https://lnkd.in/eed7KWVz
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1 Comment -
Grant Cardone
Are you ready to take actions? Text “INVEST” to 305-407-0276 now and get started. CardoneCapital.com Text to invest 305-407-0276 You can INVEST with your IRA/401k. Call or text to see if you qualify #CardoneCapital #realestatetips #MultifamilyInvesting #realestateinvesting #billionaire #grantcardone #10x #realestatetips #millionairementor #wealthcreation #wealthy This is not an offer; offers will be made only by means of the Regulation D Offering Documents (available at https://lnkd.in/gt6wXG2R) or the Regulation A Offering Circular (available at https://lnkd.in/eH_NBccy), either of which may be updated or amended from time-to-time with the most recent Offering Circular or Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only. For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit https://lnkd.in/e96qcfyK
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Jimmy Burgess / Real Estate Agent and Team Builder
A lot of uncertainty in the marketplace right now post NAR's proposed settlement. This video shares what to say to buyers and sellers, along with the 3 main things agents should be doing now to position themselves to win in the new market environment. I hope it helps! https://lnkd.in/eyDvufuR
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