Inman

FEBRUARY 28, 2024

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Contracts 191

Contracts Buyers Realtors Brokerage 191

Housing Wire

JULY 27, 2022

According to a Q2 analysis by MISMO-certified wire and prevention fintech FundingShield , there was a 40.69% increase in wire-related issues compared to Q1 2022, as well as a 107% increase in closing agent insurance policy coverage gaps and a nearly 10% increase in CPL issues.

Contracts 362

Contracts Marketing Law Agents 362

Inman

FEBRUARY 12, 2024

Frances Katzen and Courtney Poulos talk with moderator Dana Cadena about the importance of buyer representation, understanding your contracts, professionalism in the industry and more at ICNY.

Contracts 165

Contracts Buyers Agents 165

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have.

Agents 423

Agents Realtors Clients Real Estate Agent 423

Inman

JANUARY 25, 2024

Frances Katzen and Courtney Poulos spoke with moderator Dana Cadena about the importance of buyer representation, challenges to professionalism in the industry and more during an ICNY panel on Thursday.

Contracts 172

Contracts Agents Buyers Real Estate 172

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Real Estate Agent 475

Real Estate Agent Real Estate Agents Brokerage 475

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 443

Buyers Contracts Agents Realtors 443

The Appraiser Coach

FEBRUARY 22, 2022

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

Contracts 195

Contracts Legal Inspection Advertising 195

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. As of Jan.

Buyers 475

Buyers Contracts Real Estate Agents 475

Housing Wire

JANUARY 23, 2024

Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years. There was a more laid-back approach to the market with interest rates so high.

Real Estate Agent 446

Real Estate Agent Real Estate Buyers Agents 446

Housing Wire

NOVEMBER 13, 2020

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task. Do I have to sign a contract and, if so, how is it structured?

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

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 417

Contracts Brokerage Law Real Estate Agent 417

Inman

APRIL 6, 2023

Providing the highest level of client service means understanding the ins and outs of real estate contracts. Broker Teresa Boardman breaks down the most problematic and error-prone contract elements for you.

Contracts 147

Contracts Real Estate Clients Agents 147

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. The lender and LO can make or break the transaction.”

Agents 395

Agents Buyers Loan Officers Real Estate 395

Inman

AUGUST 30, 2023

From financing to contingencies, Eric Bramlett walks you through creating a compelling contract to come out on top in multiple offer scenarios.

Contracts 169

Contracts Finance Agents Marketing 169

Housing Wire

APRIL 4, 2024

Jutla notes that while Redfin no longer requires its agents to be members of NAR or local Realtor associations, all of the agents she worked with during her transactions were NAR members. She used Redfin agents for both listing and buying purposes.

Realtors 426

Realtors Agents Sellers Real Estate 426

Inman

MAY 8, 2023

Solid communication, attention to detail and a willingness to go the extra mile are all necessary to create a well-thought-out contract package.

Contracts 148

Contracts Brokerage Agents 148

Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. The following day, Bueker, a former KW agent from 2003 to 2011, filed a similar complaint in the U.S. “To Moulder, David L. Bueker and Robert E.

Brokerage 497

Brokerage Legal Agents Realty 497

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. But that policy did not impact agents who joined before April 1, 2020.

Legal 437

Legal Brokerage Agents Real Estate 437

Inman

MARCH 24, 2023

Terms of the contract were not disclosed. The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards.

Contracts 165

Contracts Brokerage Agents 165

Appraiserblogs

FEBRUARY 16, 2024

The lender and the AMC could have applied that veto to the sales agents, using the appraisal as proof positive that the agents derailed this deal. The answer is the listing agents pricing strategy and the buyers agents buying strategy. It's… The post The Sales Agents Derailed This Deal! What is the ROV for?

Agents 110

Agents Market Value Appraisal Contracts 110

Housing Wire

MARCH 13, 2024

The DOJ argued that changes similar to those proposed in the settlement agreement — including the lowering of the required compensation amount to $0 or abandoning the requirement for listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list on the MLS — have done nothing to decrease agent commissions.

Legal 437

Legal Contracts Sellers Buyers 437

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 407

Contracts Agents Buyers Real Estate 407

Inman

MARCH 1, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Contracts 168

Contracts Brokerage Agents 168

Housing Wire

AUGUST 31, 2022

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. The legacy CMA process is 25 to 30 years old and takes a great deal of time to perform manually. geniusprice technology is not a CMA.

Agents 369

Agents Real Estate Technology Clients 369

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. An incentive to go back to Keller Williams remained.

Brokerage 446

Brokerage Agents Legal Real Estate 446

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. I’ll explain later.) Rate buy-downs are another option I recommend in this market.

Agents 407

Agents Buyers Sellers Inventory 407

Housing Wire

FEBRUARY 29, 2024

In its statement, the DOJ advocated for the prohibition of cooperative compensation, meaning that “sellers would be responsible for determining only the compensation of their own broker in the listing contract … [and] buyers would be responsible for determining the compensation of their own broker in a buyer-broker representation contract.”

Legal 417

Legal Contracts Sellers Buyers 417

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. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

Real Estate Agent 417

Real Estate Agent Real Estate Agents Brokerage 417

Housing Wire

AUGUST 28, 2020

But the agent with TeamBarham, Keller Williams Homewood didn’t expect the grub question. As Americans ditch urban cores for roomier abodes in the suburbs, real estate agents say the list of must-haves has changed: buyers are looking for pools, home offices and makeshift learning centers. The post Two home offices?

Real Estate Agent 475

Real Estate Agent Real Estate Agents Buyers 475

Housing Wire

APRIL 22, 2024

Tager said that his company thinks about AI by having domain expertise in residential real estate, but the processes that eat up a lot of time for managers and agents help point to key streamlining opportunities particularly when it comes to maximizing time to talk with more customers. Who does AI help the most or least in that paradigm?

Real Estate 417

Real Estate Tools Brokerage Agents 417

Housing Wire

APRIL 22, 2024

To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates. Djon said these leaders are “at the top,“ with the ability to recruit other agents and override what the unit does, which is a way to retain these top-performing employees.

Brokerage 406

Brokerage Real Estate Realtors Real Estate Agent 406

Housing Wire

FEBRUARY 12, 2024

The team’s 16 agents are SERHANT.’s A core focus for The Home Squad has always been agent development and empowerment, and we believe this mutual philosophy that we share with SERHANT. The firm is facing multiple lawsuits alleging that agents and teams stole trade secrets when they moved to SERHANT. s first in Orlando.

Real Estate 407

Real Estate Marketing Brokerage Realty 407

Housing Wire

APRIL 4, 2024

In the past few weeks, six agents formerly affiliated with Keller Williams — Jerri L. Alper’s complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. But that policy did not impact agents who joined before April 1, 2020.

Brokerage 412

Brokerage Legal Agents Contracts 412

Housing Wire

OCTOBER 23, 2023

We usually represent the sell side of the deal and work with firms that range in size from small, one-office, 10-agent shops to the largest in the nation. This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more.

Real Estate 414

Real Estate Brokerage Valuation Contracts 414