Housing Wire

JULY 19, 2023

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. A seller-client permits the property to be foreclosed upon. A seller-client refuses to pay the full amount of the agreed upon commission.

Real Estate 286

Real Estate Legal Brokerage Clients 286

The Robert Weiler Company

DECEMBER 9, 2022

When you think of the terms commercial real estate agent, broker, or realtor, do you use them interchangeably? We often give a name to someone who helps clients buy or sell commercial real estate without considering each unique position, their responsibilities, education, certification or licensing, and expertise.

Real Estate Agent 78

Real Estate Agent Realtors Real Estate Agents 78

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

JANUARY 16, 2024

So, while I make no claim as to the specific deep legal issues, I have some familiarity of antitrust actions and more in the conduct of legal actions in a courtroom. They also testified to the importance and value of the MLS as a core service that agents provide to sellers and buyers.

Agents 331

Agents Law Sellers Legal 331

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 412

Sellers Buyers Real Estate Agents 412

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. Solicitors are legally required when purchasing a home in Ireland.). The costs and other headaches also add up. And expedient.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

MARCH 4, 2022

The state of Oregon grabbed national attention last year for passing a law to ban “love letters” sent from potential homebuyer to homeseller, and often intermediated through real estate agents. This ban, the judge added, specially restricts the speech of agents, who, in practice, write or at least edit the letters in question.

Real Estate Agent 339

Real Estate Agent Law Real Estate Legal 339

Housing Wire

OCTOBER 27, 2023

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. The seller normally pays on the West Coast. Where should homebuyers start? Where should homebuyers start?

Insurance 489

Insurance Real Estate Buyers Real Estate Agent 489

Housing Wire

NOVEMBER 9, 2023

According to Kasper, while the plaintiffs are portraying this outcome as a win for consumers, getting rid of cooperative compensation will only harm homebuyers and sellers. Moving forward, Kasper promised to continue to communicate with members and answer their questions, when information becomes available.

Agents 394

Agents Legal Sellers Clients 394

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I It is kind of like, ‘Who moved my cheese?’ — it is a pivot from the norm of forever in real estate,” Smith said. That is another source of real concern,” Edgerton said. More off-MLS listings?

Brokerage 387

Brokerage Real Estate Agents Sellers 387

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The copycat commission lawsuits have made it to the West Coast.

Realtors 423

Realtors Sellers Buyers Real Estate 423

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions.

Realtors 383

Realtors Contracts Real Estate Agents 383

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? What is Dual Agency in Real Estate?

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Housing Wire

APRIL 5, 2024

However, the DOJ, under new leadership in the Biden administration, withdrew the settlement in July 2021 , stating that the terms of the agreement prevent regulators from continuing to investigate certain association rules that they feel harm buyers and sellers. In late January 2023 , Judge Timothy Kelly of the U.S.

Realtors 536

Realtors Contracts Government Real Estate 536

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

Real Estate 410

Real Estate Realtors Buyers Real Estate Agent 410

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Representatives for Anywhere and Keller Williams declined to comment on the fast-approaching hearing date.

Realtors 323

Realtors Real Estate Agent Real Estate Brokerage 323

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 417

Clients Agents Buyers Sellers 417

Housing Wire

FEBRUARY 28, 2024

According to the CFA, provisions in these contract that allow buyers agents to continue to contact listing agents and ask for additional compensation from the seller beyond what the agent negotiated with their buyer client would result in commission rates staying at their current level.

Buyers 344

Buyers Contracts Agents Realtors 344

Cleveland Appraisal Blog

APRIL 26, 2023

Not only can a realtor help you find the right piece of land and negotiate the price, but they can even help you navigate the legal paperwork. This information can help buyers make informed decisions and avoid potential pitfalls that you might make if you were privy to such information. Should you get a Realtor?

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

CA Realty Training

JULY 19, 2021

That’s how successful real estate agents create successful careers. This method is a set of ethical rules that agents follow to build a trustworthy relationship with clients. So, let’s explore the fiduciary duties of a real estate agent are so you can start building trust. What does fiduciary mean?

Real Estate Agent 53

Real Estate Agent Real Estate Agents Clients 53

Housing Wire

JUNE 10, 2021

The case stems from Zillow changing how it collects the home listings information it publicly displays. Though it chafes at the term, REX is a “discount brokerage” meaning that they give their real estate agents a smaller commission, passing along the savings to consumers.

Real Estate Agent 349

Real Estate Agent Brokerage Real Estate Agents 349

Housing Wire

DECEMBER 27, 2023

ShowingTime said it was informed of this decision on Oct. According to the complaint, this leaves Aligned Showings as the only choice available to agents on those MLS portals. “By This is just the latest lawsuit alleging anticompetitive behavior in the real estate industry. Since the Oct.

Real Estate 487

Real Estate Agents Real Estate Agent Sellers 487

Housing Wire

MARCH 21, 2024

We will also have a concessions field that will be a multi-layered field that will allow for a checkbox if the seller is willing to consider concessions as part of the offer. “We I believe we are positioned well enough that regardless of membership numbers, we can continue giving our members the information they need.”

Realtors 353

Realtors Agents Real Estate Logistics 353

Housing Wire

OCTOBER 31, 2023

Courthouse that the future of real estate agent commissions could potentially be decided. “I Although the verdict has yet to be announced, Stella said he has been seeing changes to how MLS and agents operate over the past few years. Sellers have always had a choice to offer a commission to the other broker.

Agents 408

Agents Buyers Sellers Realtors 408

Housing Wire

DECEMBER 26, 2023

From Ann Arbor to Grand Rapids and Birmingham, MI, we’ve done extensive research to find the leading real estate classes in Michigan to help make your new career a reality. Becoming a Michigan real estate agent is an excellent career choice for anyone who wants flexible working hours and high earning potential.

Real Estate 366

Real Estate Real Estate Agent Design Legal 366

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Eppraisal

FEBRUARY 14, 2024

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. Closing costs are fees and expenses associated with finalizing a real estate transaction. What are Closing Costs?

Sellers 36

Sellers Buyers Property Taxes Real Estate Agent 36

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

Inspection 70

Inspection Sellers Buyers Agents 70

Housing Wire

JANUARY 26, 2024

In regard to the fines related to the MLS listing books, Lamacchia said that he never used a hard-copy listing book during his career, but it makes sense that the information is guarded as it includes sensitive consumer information. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to.

Realtors 405

Realtors Law Agents Real Estate 405

Housing Wire

MARCH 28, 2024

Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?”

HOA 408

HOA Property Management Real Estate Agent Technology 408

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves.

Realtors 367

Realtors Agents Real Estate Real Estate Agent 367

Housing Wire

NOVEMBER 22, 2023

Unfortunately, those ads don’t talk much about the next month or six weeks, the period real estate professionals call the “settlement process.” More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” in question.

HOA 395

HOA Real Estate Agent Technology Real Estate 395

Housing Wire

FEBRUARY 15, 2024

That’s because the deadline for the Department of Justice (DOJ) to file its statement of interest in the MLS Property Information Network (MLS PIN) settlement agreement is at the end of the day Thursday. In mid-December, the DOJ informed Saris that it still had concerns over the second amended settlement that MLS PIN filed.

Brokerage 340

Brokerage Real Estate Agent Buyers Real Estate 340

Listing Spark

OCTOBER 25, 2023

Selling your home can be an exciting and stressful time, especially when you choose to do it as a For Sale By Owner (FSBO) seller. While it may seem like the best approach to save money by avoiding commission fees, it’s essential to be aware of some of the pitfalls that FSBO sellers face when selling their home.

Sellers 36

Sellers Legal Real Estate Real Estate Agent 36

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. Leal also asked Saris to give the DOJ until Feb.

Real Estate Agent 337

Real Estate Agent Real Estate Buyers Realtors 337

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 367

Real Estate Real Estate Agent Law Inspection 367