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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 417
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Real estate commission dispute? Do this.

Housing Wire

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

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How the commission lawsuits may prompt intervention from DOJ and regulators

Housing Wire

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said. Solicitor General Paul Clement to its legal team. “I

Legal 337
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Buy now, pay later: How do mortgage pros deal with ‘phantom debt’?

Housing Wire

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. His team is now “scouring” bank statements, and if they see BNPL loans, they ask clients to pay them off.

Mortgage 347
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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one. Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I More off-MLS listings?

Brokerage 387
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Judge approves brokerage commission lawsuit settlement agreements

Housing Wire

Wood, who is overseeing the Batton suit as well as the Moehrl home seller commission lawsuit , said this request was “neither necessary nor appropriate.” We will continue to focus on what we do best: empowering real estate entrepreneurs so they can deliver exceptional value to their clients.” On Wednesday afternoon, Judge Andrea R.

Brokerage 378
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Texas commission lawsuit names real estate teams and individual broker as defendants

Housing Wire

In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. This would lead to competition among buyer brokers to offer lower commission rates. 13, 2019, to the present.