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eXP’s Glenn Sanford is “concerned” about the commission lawsuit’s impact on buyers

Housing Wire

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. I’m concerned, quite frankly, about what this might mean to buyers who may not be able to afford representation if things change up too much.”

Buyers 388
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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 377
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

Legal 367
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Three in four baby boomers don’t use homebuyer resources

Housing Wire

But a significant portion of this generation remain renters and are utilizing homeownership tools less frequently than younger age groups. Even as many boomers remain in the long-term renter pool, they were also the nation’s largest demographic of homebuyers in 2022. NeighborWorks surveyed some 2,200 adults from Jan.

Tools 456
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Zillow or CoStar? NAR settlement terms could determine a winner

Housing Wire

Many in the industry believe the National Association of Realtors ‘ proposed $418 million settlement of the commission lawsuits will help CoStar to reach its goal. 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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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. managing director of Opteon, said in the statement.

Appraisal 362
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The current challenges to increasing the homeownership gap

Housing Wire

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.