Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 392

Buyers Agents Loan Officers Real Estate 392

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 403

Contracts Brokerage Law Real Estate Agent 403

Housing Wire

DECEMBER 20, 2023

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.

Loan Officers 449

Loan Officers Clients Law Legal 449

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. She also agreed that every HomeServices agent in Missouri is a member of the MLS and that the firm advocates for clear cooperation.

Law 423

Law Agents Realtors Contracts 423

Housing Wire

MAY 10, 2024

Additionally, the board also voted to change Article 4’s first standard of practice, which currently reads: “For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by Realtors prior to the signing of any contract.” represent their firm or any broker or agent thereof 4.

Realtors 359

Realtors Finance Agents Legal 359

Housing Wire

MARCH 11, 2022

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. accessing “password-protected” company computers to steal client data. and 5:30 a.m. and 5:30 a.m.

Real Estate 357

Real Estate Realty Real Estate Agent Legal 357

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. Legal disputes.

Real Estate 403

Real Estate Legal Tenants Clients 403

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 400

Contracts Brokerage Law Real Estate Agent 400

Housing Wire

OCTOBER 20, 2023

According to Ketchmark, the buyer’s agent portion of the commission on Ellis home sale accounted for 20.55% of her net equity, meaning the commissions for both agents ate up roughly 40% of the equity she had accumulated on the property. “It We had no problem paying for an agent to sell our house,” Burnett said.

Contracts 401

Contracts Agents Buyers Real Estate 401

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 414

Sellers Buyers Real Estate Agents 414

Housing Wire

DECEMBER 8, 2023

Are you looking to get licensed as a real estate agent in Arizona? Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. out of 5 stars Rating: 4.5 out of 5.

Real Estate 375

Real Estate Contracts Law Real Estate Agent 375

McKissock

JULY 6, 2022

One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). Most agents quickly realize that “coordinating the chaos” is a major part of their role in a given transaction. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 423

Sellers Real Estate Buyers Contracts 423

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. I actually do still believe in our organization.

Realtors 422

Realtors Agents Brokerage Contracts 422

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

Real Estate Agent 388

Real Estate Agent Realtors Real Estate Sellers 388

Housing Wire

SEPTEMBER 26, 2023

Mr. Cooper says that on or about April 23, 2021, ACI and/or its agents sent instructions to depository institutions of its customers that initiated ACH [automatic clearing house] debits for multiple monthly mortgage payments without the servicer’s knowledge or authorization. district court in Texas on Sept. million ACH withdrawals.

Mortgage 371

Mortgage Legal Fees Legal Contracts 371

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently. 2] DID YOU KNOW?

Real Estate Agent 406

Real Estate Agent Real Estate Agents Brokerage 406

Housing Wire

FEBRUARY 16, 2024

According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed.

Sellers 424

Sellers Buyers Real Estate Contracts 424

Housing Wire

APRIL 23, 2024

Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing education (CE) and licensing renewal. CE bundles price range: $135 to $469 Visit Aceable Agent Upgrade Pick Kaplan 50+ years as a leading education provider Self-paced, interactive content accessed via an online format.

Real Estate 426

Real Estate Agents Best Value Design 426

Housing Wire

NOVEMBER 17, 2023

During the podcast episode, which is from September 2019, Dalton is asked if he has a technique for when clients ask him to cut his commission. He tells listeners that he uses the following script: “There’s no bleeping bleeping way I’m going to cut my bleeping bleeping commission[.

Training 396

Training Realtors Agents Real Estate 396

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. MLS system underpins that American Dream, and I have hundreds of clients who would agree. experience.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

Realty 401

Realty Real Estate Law Brokerage 401

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. With this being said, it’s so important to understand exactly what a REALTOR® is and how they differ for real estate agents, before making this crucial decision.

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. Caballero is like any real estate listing agent, on the hunt for clients. So that those agents will bring their buyer to the builder. Ben Caballero.

Realtors 357

Realtors Real Estate Agent Agents Real Estate 357

McKissock

SEPTEMBER 20, 2021

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. Keep reading to learn how to improve real estate risk management, and avoid getting into trouble with the law, by putting your clients’ interests first.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.

Agents 78

Agents Appraisal Real Estate Realtors 78

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. Because in both instances, they first had their homes valued by real estate agents, not appraisers. If a real estate agent can price a home, surely, they can value it.

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

Housing Wire

NOVEMBER 3, 2023

But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario. billion in commissions they paid to buyers’ agents in the past eight years. Will they still use a buyers’ agent to find a house? “All our our consumer research points to yes,” says Murray.

Real Estate 316

Real Estate Brokerage Buyers Property Management 316

Birmingham Appraisal

SEPTEMBER 26, 2023

Whether you’re a seasoned real estate agent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. The Temptation of Outlier Sales in Pricing a Home At first glance, outlier sales might seem like a goldmine of information for agents.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

CA Realty Training

JULY 19, 2021

You have to build strong relationships with your clients to have a long, lucrative career in real estate. . The top producing agents earned their fame and fortune because of the people they know. When your clients like working with you, they will recommend your services to other people they know. It’s called fiduciary duties.

Real Estate Agent 53

Real Estate Agent Real Estate Agents Clients 53

Housing Wire

NOVEMBER 30, 2023

From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

Real Estate 408

Real Estate Real Estate Agent Brokerage Agents 408

Raleigh Realty

MARCH 23, 2021

The founder of forsalebyowner.com used a Real Estate Agent to sell his home after trying to sell it himself and failing to do so - imagine that. There are pros and cons to going the for sale by owner route, but it is strongly advised to work with a trusted real estate agent throughout the process.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. This does not mean you should allow clients to walk all over you.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Clients 368

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 411

Realtors Contracts Real Estate Agents 411