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Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

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? On the East Coast, the buyer typically pays.

Insurance 491
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. They were not set commissions,” Wilson said.

Law 345
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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Today, both sellers and buyers expect to handle a majority of the process online. Presented by: 1 Percent Lists.

Landlords 457
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

Relatedly, discount brokerages have promised big savings to sellers for decades. The legal threat that looms largest is what’s known as the “Moehrl case.” The plaintiffs essentially argue that sellers are subsidizing buy-side agents and it’s an anti-competitive practice that lacks transparency. They were wrong.

Agents 393
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Zillow believes the evolution of the industry will only help it grow

Housing Wire

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement. Eighty-percent of all real estate transactions across the U.S.

Agents 343
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The doxing saga of Michael Arrington’s Miami mansion?

Housing Wire

As a result of this leak, Arrington tweeted that he and his family have been forced to move out of the house as their security team “could not find a way to make it work” and that they are taking ongoing legal action. The home was originally designed in 2015 by Florida-based architect Cesar Molina.

Agents 306
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The doxing saga of Michael Arrington’s Miami mansion?

Housing Wire

As a result of this leak, Arrington tweeted that he and his family have been forced to move out of the house as their security team “could not find a way to make it work” and that they are taking ongoing legal action. The home was originally designed in 2015 by Florida-based architect Cesar Molina.

Agents 299