Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Wire

FEBRUARY 29, 2024

Through this partnership, agents will have a choice to either refer their sellers to Opendoor or represent them in deals with the iBuyer. “The Opendoor option will be part of every single one of my listing presentations going forward. You never know what someone’s going to say yes to until you ask them.”

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Realty Agents Clients Sellers 406

Housing Wire

MARCH 29, 2024

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

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Sellers Real Estate Buyers Contracts 406

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

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Buyers Sellers Agents Law 356

Housing Wire

OCTOBER 25, 2023

This “technique” is a script Dalton claimed to use in response to a seller asking him to cut his commission. The filing also takes issue with comments attributed to Ketchmark in articles published by Inman News , including statements that MacGill was trying to “trick” and “fool” the home seller plaintiffs in his questioning.

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Sellers Realtors Real Estate Design 334

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Lower demand means that homes often sit on the market longer than usual.

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Real Estate Agents Marketing Sellers 421

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Sellers Real Estate Appraisal Appraisal Process 82

Housing Wire

DECEMBER 20, 2023

The suit takes aim at NAR’s Participation Rule, which is referred to as the Cooperative Compensation Rule in this suit, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list the property on a Realtor-affiliated MLS.

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Real Estate Sellers Realtors Brokerage 325

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? Can a Buyer sue a Seller if they refuse to close? What used to be infrequent is becoming more common; Sellers backing out of contracts. The seller, not wanting to wait for resolution, initiates termination.

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Sellers Buyers Contracts Legal 52

Housing Wire

JULY 20, 2023

While that’s one method of finding a home for your would-be sellers to buy, you can’t end the conversation there and expect to do any business this year. Here are 10 solutions for sellers who what to buy that go beyond waiting and watching for magic inventory to appear. Who are your go-to leasing agents? You have to ask!

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Sellers Clients Inventory Agents 273

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

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Brokerage Sellers Buyers Agents 545

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line. More for Real Estate Enthusiasts.

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Real Estate Agent Real Estate Agents Contracts 545

San Jose Real Estate

JANUARY 3, 2022

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a “seller rent back” after close of escrow. This is often referred to as “seller in possession after close of escrow” (often shortened to SIP) or “seller occupancy after sale” […].

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Sellers Contracts 62

Housing Wire

JULY 20, 2023

Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. Instead, focus on scheduling an appointment.

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Housing Market Marketing Real Estate Client Relationships 354

Housing Wire

OCTOBER 17, 2023

Plaintiffs allege collusion In their trial brief, the plaintiffs in the suit allege that NAR’s Participation Rule , which they refer to as the Mandatory Offer of Compensation Rule , is “a market-shaping and distorting rule” that stifles innovation and competition.

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Sellers Agents Buyers Realtors 384

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

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Sellers Construction Real Estate Finance 350

Housing Wire

APRIL 3, 2023

Borrowers who opt to use their own agent can also qualify to receive a smaller closing credit if the agent refers them to Rocket Mortgage, equal to 0.25% of their loan amount. .” Rocket says there are more than 20,000 partner agents through its Rocket Homes business. Those borrowers are eligible to receive an additional 0.5%

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Agents Buyers Real Estate Agent Mortgage 382

San Jose Real Estate

APRIL 20, 2023

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a seller rent back after closing. A rent back refers to the seller staying in possession of the home after it’s been sold to the […] What does this mean? What is a rent back?

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Sellers Contracts 36

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

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Realtors Brokerage Agents Buyers 404

Housing Wire

NOVEMBER 9, 2023

Your database of past clients and sphere of influence Statistically, when you have regular and real conversations with your list, 10% will either do business with you or refer business to you every year. Expired listings Expireds are near the top of the list because these sellers want to sell and many have to sell. When have you asked?

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Real Estate Agent Real Estate Agents Open Houses 361

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

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Realtors Real Estate Buyers Sellers 310

Housing Wire

MAY 25, 2023

Dual compensation refers to an instance in which a single individual or entity is in control of both brokerage and loan origination functions and are compensated for real estate transactions in which they represent the buyer or the seller and act as the originator on the mortgage loan used to purchase the home.

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Real Estate Sellers Brokerage Buyers 312

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. According to the motion, at least some of the putative class members in the suit would be bound by their seller agreements to arbitrate claims, similar to HomeServices’ claims.

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Realty Real Estate Law Brokerage 353

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. 74% of sellers say they would use that same agent again, or recommend them to others. Most importantly, you must be available and responsive.

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Clients Real Estate Open Houses Agents 220

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.

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Agents Sellers Buyers Law 373

Hank Miller Team

APRIL 12, 2023

Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. What happens if a home seller lies on the disclosure varies; every situation is different.

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Sellers Easement Inspection Real Estate Agent 40

Housing Wire

FEBRUARY 13, 2024

Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

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Agents Sellers Buyers Law 327

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to. Don’t require the seller to pay for it,” Ketchmark said.

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Realtors Law Agents Real Estate 405

Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 361

Housing Wire

JULY 27, 2023

Refer to our podcasts and other articles about how to speak with your sphere of influence. 10% of the people in your database will do business with you or refer business to you every year, assuming you communicate with them. For example: ‘Sherry Seller. It’s a great excuse to make that first — or next — contact.

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Business Real Estate Real Estate Agent Clients 322

Walitt Solutions

MAY 21, 2024

Rather than following rumor or unsubstantiated anecdote, refer to the appropriate professional source documents to fully understand your obligations. Users of this reference material is responsible for ensuring information is up-to-date and valid. If we don’t know what those requirements are, we have a problem!

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Valuation Appraisal Sellers Clients 74

Housing Wire

JUNE 24, 2021

What the legislation refers to is, in real estate lingo, a “love letter” from prospective buyer to home seller. House Bill 2550 , which the Oregon legislature passed earlier this month and is before Gov. Kate Brown, contains a single, bolded sentence that would change existing law. “In This content is exclusively for HW+ members.

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Real Estate Real Estate Agent Sellers Law 299

Housing Wire

OCTOBER 5, 2022

” And, she said, “there’s just going to be more hurdles in reference to who’s using what vendor or certifying authorizer.” “In the markets where it is currently accepted, we’re experiencing that about 10% to 15% of sellers use it, but about 1% to 2% of buyers use it,” he said.

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Law Sellers Buyers Technology 358

Housing Wire

APRIL 3, 2024

Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

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Real Estate Agents Buyers Business 356

Housing Wire

OCTOBER 26, 2023

Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents. According to Frazier, homebuyers working with ReeceNichols agents sign a buyer agreement that if the seller doesn’t pay the buyer agent’s fees, then the buyer will pay the fee themselves. They were guidelines.

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Law Agents Brokerage Buyers 336

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

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Real Estate Real Estate Agent Tools Agents 323

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Satisfied clients are more likely to refer you to their friends, family, and colleagues, helping you expand your client base organically.

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Real Estate Agent Real Estate Agents Clients 346