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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

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CoStar Group finds success through the sale of Homes.com memberships

Housing Wire

During CoStar’s earnings call on Tuesday, Florance insisted that consumers and advertisers prefer a real estate portal with digital twins. “We The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients. per share in cash and $2.75

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Cooperative compensation is still legal,” Papasan stressed.

Agents 434
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MLSs, local associations help members navigate changes tied to NAR settlement

Housing Wire

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 420
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BHHS CEO Gino Blefari: ‘Doesn’t agree with it one bit’ about commission conspiracy

Housing Wire

As Ketchmark began his questioning, he tried to show that the structure of HomeServices as the parent company of so many affiliates and franchises had the effect of enforcing the National Association of Realtors’ commission and Clear Cooperation policies. “Maybe the local company or the MLS does, but we don’t,” Blefari testified.

Sellers 417
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Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them.

Agents 446
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Real Estate Risk Management: Putting Clients’ Interests First

McKissock

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Overview of NAR Code of Ethics: Articles 1–13.