Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue.

Law 401

Law Agents Realtors Contracts 401

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Get input from a qualified attorney Seek legal advice, especially when dealing with contractual matters.

Real Estate Agent 395

Real Estate Agent Real Estate Inspection Tools 395

Hank Miller Team

NOVEMBER 8, 2021

It’s closing day and the buyers walk the home before heading to the attorney’s office. Can a home buyer terminate on closing day because of condition and refuse to close? The most common problems are changes in the home from contract to close and agreed upon repairs. The entire contract includes the disclosures.

Buyers 95

Buyers Contracts Sellers Legal 95

Housing Wire

MAY 3, 2021

Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage. The couple contend that they never saw these terms of engagement upon joining Compass, and instead were presented with a 1 ½ page contract that they electronically signed.

Agents 393

Agents Brokerage Real Estate Agent Real Estate 393

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 423

Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

NOVEMBER 15, 2023

But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves. And you eliminate the current buyer agent comp system (sellers pay) and the consumer will really suffer.” “We Said another: “Buyers agents should earn additional commission for a lower purchase price.

Realtors 367

Realtors Agents Real Estate Real Estate Agent 367

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Buyers may walk away from the purchase.

Renovations 221

Renovations Buyers Appraisal Investing 221

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue. I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 344

Training Realtors Agents Real Estate 344

Housing Wire

OCTOBER 31, 2023

Davis also discussed the MLS and how the National Association of Realtors’ Clear Cooperation Rule impacts both buyers and sellers during her time on the stand. Like the defendants who testified before her, Davis noted that buyers’ agents help both buyers and sellers, as they help bring qualified buyers to the bargaining table.

Agents 373

Agents Sellers Buyers Law 373

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

The Robert Weiler Company

SEPTEMBER 19, 2022

A simple conservation easement definition is a legal contract to protect private land, permanently. A contract between the landowner and the buyer is legally binding. The land can also be taxed because the buyer privately owns the property. The entity controls the land according to the terms of the contract.

Easement 148

Easement Legal Government Contracts 148

McKissock

JULY 6, 2022

In fact, most clients now believe a buyer should be able to identify one of three home options, negotiate a favorable sales price, and close on that property in half an hour just like they do on TV! Customize your presentation to fit the concerns you most often encounter with your clients. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

Raleigh Realty

MARCH 23, 2021

Buyers want to work with the best local Realtors® to help them when buying a home because it is such a large financial purchase with so many different components involved. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. Home appraisals are also ideal for buyers because it determines if the seller is asking for more money on a home than the home is worth.

Appraisal 148

Appraisal Appraisal Process Real Estate Agent Renovations 148

Movoto

MAY 29, 2024

After an offer is accepted when buying a home , the sale will enter the under-contract phase leading up to the final real estate closing day. Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36

Housing Wire

DECEMBER 29, 2021

Caballero does not have to guide these corporate clients through the legal and administrative work — and emotional heft — of selling a home. But what they do need is for the realtors that have buyers to have the complete and accurate information about their homes. So that those agents will bring their buyer to the builder.

Realtors 302

Realtors Real Estate Agent Agents Real Estate 302

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Listing Spark

OCTOBER 25, 2023

Many homeowners make the mistake of overpricing their property, which can lead to less interested buyers and an extended time on the market. Market research is instrumental in understanding buyer behaviors, the current demand, and the right pricing strategy for your home. 97% of all homebuyers used the internet in their home search.

Sellers 36

Sellers Legal Real Estate Real Estate Agent 36

GoForrmz

DECEMBER 12, 2022

In an ideal world, everything in your business runs without disruption; no paperwork is ever lost, no data is ever incorrect, and every signature is legally binding and captured quickly. But legally binding signatures aren’t always required for your documents either. But how many businesses live in that ideal world?

Legal 78

Legal Business Contracts Tools 78

Housing Wire

OCTOBER 22, 2023

You’ll need to enroll in and complete the following TREC-approved, qualifying real estate courses: Principles of Real Estate I Principles of Real Estate II Law of Agency Law of Contracts Promulgated Contract Forms Real Estate Finance Each course is 30 classroom hours, for a total of 180 hours.

Real Estate 351

Real Estate Real Estate Agent Agents Brokerage 351

Housing Wire

JULY 12, 2022

A certification lightens the legal liability of bias. Alternative appraisals, however, rely more on objective data and an “arm’s-length” process between the appraiser and the homeowner or buyer, sometimes assisted by technology, a spokesperson for the GSE said. Presented by: Reggora. The seller accepts it; they go into contract.

Appraisal 401

Appraisal Inspection Real Estate Agent Training 401

Will Springer Realtor

JULY 27, 2021

In real estate, love letters attempt to convey a buyers “love” of a property for which they wish to purchase from a seller. Now, sellers can see how the video is produced and whether buyers are speaking candidly to the camera or reading from a prepared message. Introducing: the video love letter.

Real Estate 41

Real Estate Sellers Law Buyers 41

Cleveland Appraisal Blog

JUNE 18, 2022

Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast. Recession-Proof Your Money Part 1 – It’s a Good Life Podcast with Brian Buffini. Top Reason For House Rules – The Folson Group Blog.

Appraisal 309

Appraisal Law Development Valuation 309

Eppraisal

DECEMBER 23, 2022

Earlier this week we explored the real estate transaction from the perspective of the Buyer. Listing and Showings After you have listed your home for sale and your listing agent has all the marketing and advertising in full swing, you will start having "showings" Be sure that all buyers are accompanied by licensed real estate agents.

Real Estate 36

Real Estate Sellers Inspection Contracts 36

Eppraisal

FEBRUARY 25, 2022

A critical step in the home buying process is the final walkthrough of the house, before it officially and legally becomes yours. The purpose of a final walkthrough is to be sure the home is in the same or better condition than it was when you signed a contract. Successful walkthroughs are the goal for all buyers.

Inspection 36

Inspection Contracts Buyers Agents 36

The Robert Weiler Company

SEPTEMBER 16, 2021

Now consider the buyer of a residential property, typically an individual looking for a place to call home. The most critical factors for commercial property investors are not the same as the typical home buyer. Independent and not contracted with any third party, institution, or broker. The primary concern is a place to live.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Will Springer Realtor

SEPTEMBER 14, 2021

Buyers preparing to pay for their new home must plan to ensure all funds are liquid – or ready – to complete the purchase. The primary legal document with your seller is the purchase and sale agreement. To be sure, a buyer may pull from various contingent sources of funds. Buyers are not usually required to disclose those funds.

Buyers 36

Buyers Legal Sellers Contracts 36

Will Springer Realtor

FEBRUARY 1, 2022

In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers. Buyers often present an offer with an expiration date earlier than the sellers’ review date. Why does this happen?

Real Estate 36

Real Estate Sellers Buyers Legal 36

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” This Case Interpretation of Article 7 involves an undisclosed dual agency, where the listing agent accepted compensation from the seller and buyer without disclosing it to the seller.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. In other words, the 30 percent price rise wasn’t a “bid up” by wealthy buyers; it was a massive shift in the type of housing stock that was being created and sold.

Real Estate 370

Real Estate Law Development Investors 370

The Robert Weiler Company

APRIL 20, 2021

Here, buyers are trying to determine commercial valuation according to whether it is worth the investment to purchase the existing business, factoring in all assets and liabilities. The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value.

Valuation 147

Valuation Business Buyers Market Value 147

AmeriMac

JULY 25, 2022

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. It is an easy way of asking the buyer to pay how much it would cost to build the property from the ground up. Methods of Conducting Appraisals.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

Appraisal Today

DECEMBER 8, 2023

Rather, it is merely to present them for discussion and analysis. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… percent from 7.37 percent from 7.54

Appraisal 67

Appraisal Real Estate Contracts Design 67

Housing Wire

DECEMBER 23, 2021

In a 2018 article, The Real Deal chronicled CoStar’s legal war waged against Xceligent , once CoStar’s biggest rival for commercial property listings. The platform presently charges $6 a day for listing rental properties. One part of that $42 million is Homesnap Pro contracts with MLSs. One person has the listing. Florance said.

Brokerage 320

Brokerage Agents Real Estate Real Estate Agent 320