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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Despite not requiring NAR membership, Frazier said the brokerage does require agents to follow the NAR Code of Ethics. We don’t want people unrepresented.”

Law 372
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 401
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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

At issue is an NAR policy that the seller’s agent of a home must split their commission equally with a buyer agent. Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. NAR appeared first on HousingWire.

Brokerage 342
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Real estate tech roundup: Shaker, zavvie and Homie

Housing Wire

iBuying platform zavvie has launched zavvie Pro , with the goal of helping real estate agents turn homeowners into home sellers. The participating brokerages give homeowners the ability to see offers from iBuyers buy-before-you-sell options from bridge solution providers and compare that to the sales price with an open market listing.

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Have you clearly defined your brokerage’s value proposition?

Housing Wire

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. In 2015, according to RealTrends data, gross margins were at 16.4% for the largest brokerage companies in the United States. Another factor is that leading market-share brokerage ?rms

Brokerage 373
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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Co-opetition.’” It is for example purposes only,” Bailey said. “We

Training 394
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How scammers are using AI to commit new fraud in real estate

Housing Wire

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.