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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. It dehumanizes Realtors and turns us into money-making machines.” In response, Ketchmark said that he does not want to dehumanize Realtors. “I

Realtors 405
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Days on market increased slightly but remained below historic averages.

Mortgage 346
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Dave Mele exits as Homes.com president

Housing Wire

Prior to CoStar’s acquisition, Homes.com sold buyer leads to agents but ceased this practice after the deal. In the first quarter , the sales team for Homes.com generated nearly $40 million in net new bookings. We wish him the best of luck in his future endeavors.“

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Buyers flock to Bay City, Michigan for ultra-low home prices

Housing Wire

The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. “I’m booked all the way until 2022,” he said.

Buyers 393
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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. In the book, Keller also mentions that each side in a real estate transaction gets an average of a 3% commission.

Agents 407
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CoStar CEO: ‘We had zero involvement’ with commission lawsuits

Housing Wire

We learned about it from NAR long after it started,” Florance said in an interview with HousingWire at the National Association of Realtors NXT convention in Anaheim on Wednesday. As a public company, we’re a pretty open book.” What moron would shoot themselves in the head by doing that?” Florance said. “We

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The art of gift-giving in real estate: A personal touch

Housing Wire

John Ruhlin’s book Giftology sheds light on creating a strategic and thoughtful approach to gift-giving, offering real estate professionals a unique perspective on how to create positive impressions that last beyond the closing table and set you up for return and referral business.