Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 8, 2019, and the present. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. The copycat commission lawsuits have made it to the West Coast.

Realtors 421

Realtors Sellers Buyers Real Estate 421

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. ” What’s at stake?

Buyers 446

Buyers Brokerage Agents Realtors 446

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations. We’ve spent the last six months wrapping our heads around it all,” Smith said. More off-MLS listings?

Brokerage 384

Brokerage Real Estate Agents Sellers 384

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

Business 334

Business Marketing Real Estate Legal 334

McKissock

JULY 6, 2022

The reality, however, is many agents struggle to properly set and manage the client’s expectations of how the chaos is going to work and how the process is going to play out. Managing client expectations is critical, and sadly, often overlooked as part of the agent/client relationship. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. 9, 2020, and the present, and paid a buyer broker commission. Yet another copycat commission lawsuit has hit the court dockets.

Real Estate 401

Real Estate Real Estate Agent Realtors Buyers 401

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 322

Real Estate Sellers Realtors Brokerage 322

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 388

Real Estate Brokerage Sellers Law 388

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

Realty 350

Realty Real Estate Law Brokerage 350

Housing Wire

APRIL 23, 2024

“I think you are going to see a lot more dual agency and a lot more unrepresented buyers, especially during this flex time where buyer’s agents are kind of figuring out how they are going to discuss and present the structure of what this new relationship with a buyer looks like,“ said Pete Voss, the founder and owner of 3% Listing Co. ,

Brokerage 289

Brokerage Sellers Buyers Agents 289

Housing Wire

NOVEMBER 14, 2023

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. 13, 2019, to the present. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 401

Real Estate Realtors Realty Buyers 401

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

Realty 410

Realty Realtors Brokerage Real Estate 410

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. The objective is to build relationships, understand the needs of potential clients, and position yourself as a go-to resource when they are ready to buy or sell real estate.

Real Estate 383

Real Estate Tools Real Estate Agent Open Houses 383

Housing Wire

NOVEMBER 15, 2023

The point being, there’s no consensus among real estate agents and brokers regarding what happens next, how the industry should respond or even how agents should talk to clients. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves. We wanted to hear from them.

Realtors 363

Realtors Agents Real Estate Real Estate Agent 363

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 370

Buyers Agents Loan Officers Real Estate 370

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

OCTOBER 26, 2023

He told the jury that sellers also benefit because it brings more foot traffic and attention to their listings. On Friday, Schulman stated that home sellers have no reason to pay buyers’ agents, whom he claimed do not provide much value. He also noted that buyers’ agents provide valuable services for sellers and buyers.

Buyers 352

Buyers Sellers Agents Law 352

Housing Wire

OCTOBER 31, 2023

According to Stella, as recently as a year ago he could print off a form from MLS Property Information Network (MLS PIN), his local MLS which is a defendant in the Nosalek commission lawsuit , for his sellers with no fields showing what the offered buyer agent compensation was going to be. I just don’t see it,” he said. “As

Agents 405

Agents Buyers Sellers Realtors 405

Housing Wire

FEBRUARY 9, 2021

The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process. Both sellers and buyers have a lot to lose. Presented by: Motto Mortgage. Are you solving for the seller, the buyer, the agent, or another industry pro?

Real Estate 464

Real Estate Agents Technology Sellers 464

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

Inspection 423

Inspection Appraisal Buyers Appraisal Process 423

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 288

Real Estate Brokerage Buyers Property Management 288

Hank Miller Team

NOVEMBER 16, 2022

Here’s a fun fact, real estate agents in GA have no fiduciary responsibility to their client or customer. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. It’s incumbent upon both buyers and sellers to do their part as well. Some may ask, “what does that mean”?

Real Estate Agent 52

Real Estate Agent Real Estate Agents Clients 52

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. 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

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. But there are concerns from a sellers’ perspective.

Real Estate 41

Real Estate Sellers Law Buyers 41

Raleigh Realty

FEBRUARY 19, 2022

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. Your mortgage lender informs you of the next step in the process: the home appraisal.

Appraisal 148

Appraisal Appraisal Process Real Estate Agent Renovations 148

McKissock

AUGUST 5, 2020

Answer: No, because it violates the NAR Code of Ethics Article 12, which requires Realtors® to “present a true picture in their advertising and representations to the public.” The buyer after closing complained to the Board of Realtors® that the seller failed to disclose he was a real estate broker in his sign and negotiations.

Advertising 95

Advertising Realtors Real Estate Agents 95

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Presented by: Quicken Loans Mortgage Solutions. Now is the time to double down on diversity and inclusion efforts.

Law 480

Law Government Finance Mortgage 480

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. However, a desk review can not verify the accuracy of the data presented in the report. Reinforces Clients’ Confidence. Field Review.

Real Estate 36

Real Estate Appraisal Valuation Clients 36

CA Realty Training

JUNE 28, 2021

The first thing you have to do is to sit down and talk with your sellers. Explain to your sellers how their property should be presentable for their prospects. . Remember to work from the place of helping your client. A clean house attracts prospective clients. Sellers can have unrealistic expectations.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Advertising 36

Housing Wire

FEBRUARY 14, 2022

Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. I did a nine to five job – inventory analysis – in my mid-to-late 20’s,” said Goldberg, presently a Redfin agent in Charlotte. “It One was accepted.

Business 359

Business Brokerage Real Estate Agent Agents 359

The Robert Weiler Company

APRIL 20, 2021

The appraiser must refer to the company’s past net earnings performance and process that figure by capitalizing this number to a present value. If the business does not have a long history, this becomes the preferred valuation method; it relies on projected earnings that are discounted, to obtain a present value of future revenues.

Valuation 147

Valuation Business Buyers Market Value 147

McKissock

AUGUST 13, 2021

However, that information could also have been provided to the appraiser without seeing the contract, by the lender (or client) stating in their engagement letter to “Appraise the property subject to replacing the roof or HVAC, etc.”. What is an appraiser expected to analyze and give an opinion on?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

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. CoStar also grew through acquisitions, and, at times, intellectual property litigation.

Brokerage 316

Brokerage Agents Real Estate Real Estate Agent 316

Realvals

JUNE 18, 2023

I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. This can be presented to the bail bondsman to demonstrate your ability to cover the bond amount.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

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?”…

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

APRIL 14, 2023

The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. It is a place where we can show our clients just how valuable an appraisal can be. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52