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Nevada real estate firms hit with second commission lawsuit

Housing Wire

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present. 16, 2020, and the present.

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Next, we hope Fannie will provide a similar framework for buyers.

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Anywhere Real Estate settles buyer broker commission lawsuits

Housing Wire

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. Anywhere is just one of the many defendants in these lawsuits, which also include Keller Williams , RE/MAX , HomeServices of America and the National Association of Realtors.

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Virginia Realtors: Zillow’s touring agreement may not be legal

Housing Wire

Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. This agreement must be signed prior to an agent taking a buyer to tour a home. This agreement must be signed prior to an agent taking a buyer to tour a home. According to Laura M.

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47 Texas real estate firms, associations get hit with second commission lawsuit

Housing Wire

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

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Planning for retirement: Essential strategies for real estate agents

Housing Wire

As a real estate agent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But it can be even more difficult for real estate agents since many are self-employed.

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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

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