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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. In the script the agent responds: “Let me explain what happens when you reduce a commission.

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The 2022 housing market: A tale of two halves

Housing Wire

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The 2002 housing market has been a tale of two halves,” said Green. over asking price.

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The Similarities Between 2007 and Today

Appraisal Buzz

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends.

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What 5% mortgage rates mean for the housing market?

Housing Wire

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. We will see if we get some more buyers with the seasonal rise in inventory every year.

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Understanding Snow Removal Laws: A Helpful Reminder

Lamacchia Realty

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica's Law Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her.

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Reminder About Snow Removal Laws

Lamacchia Realty

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Jessica’s Law was passed in 2002 after ice broke off a moving truck, hit a second truck, and caused it to crash into Jessica Smith’s vehicle, then 20 years old, killing her. Jessica's Law.

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