Remove Brokerage Remove Legal Remove Open Houses Remove Realty
article thumbnail

Brokers prepare for changes after Sitzer/Burnett commission lawsuit verdict

Housing Wire

Pearson also has concerns about what this will now mean for how she and her agents handle client meetings or how to word things on open house fliers. “I I am working with an attorney to figure out how we are going to talk to people that come into open houses and what language we use on open house fliers,” Pearson said.

article thumbnail

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

Housing Wire

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 439
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. forty-eight hours later we had an offer for $430,000. It is not easy to get top dollar when selling a home in bad condition.

article thumbnail

9 Takeaways: What is Dual Agency in Real Estate?

Raleigh Realty

Another example of dual agency is if Rob and Mary are represented by different real estate agents, but both real estate agents work for the same brokerage company. A third example is if a real estate agent is hosting an open house and meets a buyer who is interested in buying the home.

article thumbnail

What is Dual Agency in Real Estate?

CA Realty Training

You may find a buyer who comes to your open house , loves the listing and asks you on the spot if you can help them buy the home. . Legally, we know that this isn’t true. A fiduciary duty is a legal obligation for one party to act in the best interest of another. appeared first on CA Realty Training.

article thumbnail

Hit list: Inside CoStar’s all-out war against Zillow

Housing Wire

StreetEasy has been biting the hand that feeds it for too long,” said Frederick Peters, CEO of New York City brokerage Warburg Realty. In a 2018 article, The Real Deal chronicled CoStar’s legal war waged against Xceligent , once CoStar’s biggest rival for commercial property listings.

Brokerage 399
article thumbnail

The ‘double-edged sword’ of dual licensing

Housing Wire

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.