Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.

Real Estate 369

Real Estate Legal Clients Brokerage 369

Housing Wire

OCTOBER 16, 2023

Here’s what they had to say: Value Proposition : There’s a recurring theme of agents needing to articulate their value proposition, especially when it comes to representing buyers. This includes understanding the value they provide, how to articulate this value to clients, and how to use buyer-broker agreements.

Real Estate 413

Real Estate Brokerage Training Agents 413

Housing Wire

OCTOBER 12, 2023

AmeriFirst’s sale of loans will not only pay off its secured obligations to Centier Bank and Sound Capital under their warehouse lines but also resolve disputes with Oaktree, court documents showed. Oaktree, AmeriFirst and its legal counsel didn’t respond to requests for comment.

Retail 404

Retail Legal Buyers Mortgage 404

Housing Wire

MARCH 31, 2022

Meek did something big about this last year, shuttling through the Oregon legislature a law that bans “all non-customary documents” from prospective buyer to seller in a real estate deal. The most pressing issue is that Meek’s effort is now in legal limbo after U.S. What would be a satisfactory resolution to both sides?

Law 393

Law Real Estate Legal Sellers 393

Housing Wire

MAY 6, 2024

In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25 As the only U.S.

Brokerage 464

Brokerage Realty Real Estate Agents 464

Housing Wire

MAY 8, 2024

But in court documents filed last week, Anywhere revealed that they had “insisted that the people in the Settlement Class release all their antitrust claims arising from the same alleged conspiracy, including claims they could assert as either sellers or buyers.”

Sellers 406

Sellers Realtors Brokerage Buyers 406

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. 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.

Sellers 424

Sellers Buyers Real Estate Contracts 424

Housing Wire

OCTOBER 24, 2023

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team.

Realtors 414

Realtors Agents Clients Buyers 414

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. An attorney offers valuable protection and knowledge for you as a buyer. The attorney will advocate on your behalf as a buyer to include the most favorable terms to protect you.

Real Estate 67

Real Estate Legal Law Contracts 67

Housing Wire

MARCH 5, 2024

In a document filed on Monday with U.S. The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. In her ruling Wood $5.36

Real Estate 424

Real Estate Real Estate Agent Sellers Realtors 424

Housing Wire

JANUARY 29, 2024

On Wednesday of last week, the plaintiffs filed a document that voluntarily dismissed the two Anywhere Real Estate affiliates, Coldwell Banker Realty and Piatt Sothebys International Realty , that were named in the original suit. The addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 401

Brokerage Realty Real Estate Real Estate Agent 401

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Buyers 414

Buyers Agents Realtors Sellers 414

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

Insurance 390

Insurance Legal Legal Fees HOA 390

Housing Wire

DECEMBER 16, 2022

Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. The buyers purchased title insurance, which turned out to be an excellent investment. Consumers can shop around and should compare policies.

Insurance 464

Insurance Government Legal Fees Real Estate 464

Housing Wire

MAY 9, 2024

Most of this information typically would be provided in a Plan of Allocation, a document routinely provided before the opt-out date.” In a document filed on Wednesday, the Spring Way Center, supported the South Carolina objector’s motion, writing that it was objecting to the “fairness and adequacy” of Anywhere’s settlement amount.

Brokerage 382

Brokerage Realty Sellers Real Estate 382

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

Inspection 67

Inspection Sellers Buyers Agents 67

Housing Wire

DECEMBER 9, 2021

A 2021 Tech100 Mortgage honoree, Stavvy is helping organizations navigate complex financial and legal transactions easily and safely, allowing servicers to put customer experience at the forefront during tough times like a global pandemic. “In Jeremy Potter: We are always most excited about people.

Technology 393

Technology Legal Tools Clients 393

Housing Wire

MAY 8, 2024

However, in court documents filed last week, Anywhere explicitly stated that as part of the settlement, the firm “insisted that the people in the Settlement Class release all their antitrust claims arising from the same alleged conspiracy, including claims they could assert as either sellers or buyers.

Brokerage 414

Brokerage Real Estate Sellers Development 414

Housing Wire

APRIL 6, 2021

Truliant, which serves more than 270,000 members and over 30 member financial centers in North Carolina, South Carolina, and Virginia, met a series of standards relating to eSignatures, eNote documentation, eClosings, eRegistry requirements, and eNote vault requirements, said Todd Hall, Truliant president and CEO.

Mortgage 337

Mortgage Legal Fees Law Legal 337

Housing Wire

OCTOBER 25, 2023

” Ketchmark then moved on to the disclosure documents that show 6% to 10% and other figures on commissions. It’s in the best interest of the seller to have as many buyers as possible.” The seller’s agent then finds a buyer at their local church and receives a $9,000 commission.

Sellers 414

Sellers Realtors Agents Buyers 414

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 424

Inspection Appraisal Appraisal Process Buyers 424

Eppraisal

FEBRUARY 14, 2023

There are many terms used in real estate transactions that home buyers and sellers may not completely understand. Buyers and sellers will often use the terms title and deed interchangeably. Buyers "take title" to a home. Taking title is a concept, not a document. A deed conveys ownership right to a property.

Legal 69

Legal Insurance Sellers Real Estate 69

Housing Wire

MAY 1, 2024

According to court documents, the final approval hearing for NAR’s settlement is set for Nov. We are really concerned about whether the buyer can afford representation in a world where, if a seller doesn’t want to offer anything, then the buyer is on their own,” Dwiggins said. It is not about our own needs.

Realtors 413

Realtors Real Estate Agent Real Estate Brokerage 413

Housing Wire

SEPTEMBER 9, 2020

We recognized the potential of the Notarize platform and have worked with their team to tackle the legal and technical barriers to RON,” said Don Casey, president and CEO of Realogy Title Group.

Insurance 393

Insurance Legal Brokerage Agents 393

Housing Wire

MARCH 22, 2021

Different correspondent investors all have different views on this so legal counsel should be consulted when reviewing MLPAs and seller guides. JH: While relieved of credit risk, the non-delegated lender still assumes the risk for compliance and misrepresentation-related issues.

Business 488

Business Lending Investors Sellers 488

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. It is not clear how many other lenders received the request from Fannie Mae.

Buyers 393

Buyers Sellers Finance Contracts 393

Housing Wire

JANUARY 11, 2023

They’re collecting missing borrower/buyer information such as social security numbers via email, phone, text and then keying it into their production system. Some use their inbox as de facto storage for such information until the time is right to enter it into the proper documents. The continued struggle to collect and store data.

Agents 404

Agents Technology Insurance Business 404

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. How do home buyers get their offer selected? Is that smart?

Buyers 52

Buyers Inspection Contracts Sellers 52

Housing Wire

DECEMBER 7, 2021

In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act. Lenders see the documentation requirement — where lenders would provide a rationale for the program’s targeting — as a record of past failings, according to attorneys who represent mortgage lenders. It was just a logjam of inertia.”.

Lending 433

Lending Law Design Government 433

Will Springer Realtor

NOVEMBER 22, 2022

It’s perfectly legal, as long as buyers properly document the transfer of funds from the relative(s) and follow guidelines from their lender. As long as they can prove they are related by marriage, adoption or another form of legal guardianship, gift money is allowed. Sellers may offer a credit at closing instead.).

Buyers 36

Buyers Legal Real Estate Agent Sellers 36

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

Real Estate 76

Real Estate Sellers Legal Inspection 76

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller.

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Raleigh Realty

MARCH 23, 2021

Buyers want to work with the best local Realtors® to help them when buying a home because it is such a large financial purchase with so many different components involved. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Empire Appraisal Group

OCTOBER 5, 2023

Fair Market Value : Appraisals aim to determine the fair market value of assets, which is defined as the price that a willing buyer and a willing seller would agree upon in an open and competitive market. This documentation is essential for estate tax filings and legal purposes.

Appraisal 78

Appraisal Market Value Valuation Law 78

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. In the case of an impasse, contingencies allow buyers to renegotiate or back out of the sale without penalty.

Contracts 36

Contracts Real Estate Property Taxes Legal 36

Appraisal Hub

NOVEMBER 30, 2023

Informed Decision-Making for Sellers and Buyers: Whether you’re selling or buying a home in Toronto, an appraisal gives you a solid foundation for negotiation. Sellers can set a competitive and realistic asking price, while buyers can ensure they’re making a fair offer.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Movoto

MAY 29, 2024

Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer. As a buyer, you’ll normally just sign papers and correspond with your agent, who will initiate most processes.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36