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NAR settles commission lawsuits for $418 million

Housing Wire

NAR’s legal counsel approved the settlement agreement early Friday morning. According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers. The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. It has yet to be filed in court.

Legal 540
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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

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. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]

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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two.

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5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Agents can also explain why some sales are not comparable.

Agents 78
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143
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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

When it comes to nuisance neighbors, I try to visit with real estate agents who have recently sold properties that are within close proximity to the property I am appraising, if possible. Most agents are great to visit with about things like this and are generous with their time, at least in my experience.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This is especially the case if your goal is to break into real estate. Decide on How to Proceed.

Investing 332