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.

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Buyers Contracts Agents Realtors 434

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions.

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Real Estate Agent Law Real Estate Bracketing 87

Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing.

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Real Estate Agent Real Estate Agents Marketing 433

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. NAR also sent a letter to the U.S.

Real Estate Agent 441

Real Estate Agent Sellers Buyers Agents 441

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? billion in Missouri alone.

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Clients Agents Buyers Sellers 424

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

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Real Estate Agent Real Estate Inspection Tools 456

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.”

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Buyers Agents Loan Officers Real Estate 393

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

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Real Estate Agent Real Estate Realtors Buyers 457

Housing Wire

MAY 1, 2024

district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” “

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Sellers Realtors Real Estate Agent Real Estate 432

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. A copycat commission lawsuit has been filed in Los Angeles. It was filed on Wednesday in U.S. 17, 2020, and the present.

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Realtors Brokerage Realty Real Estate 529

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

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Sellers Buyers Agents Real Estate Agent 422

Housing Wire

AUGUST 1, 2023

Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children? of respondents said privacy concerns are common,” the report said.

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Real Estate Agent Buyers Law Real Estate 359

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

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Real Estate Brokerage Sellers Law 414

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. The National Association of Realtors will respond to this complaint in court.”

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Sellers Brokerage Real Estate Realtors 414

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.

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Realtors Sellers Buyers Real Estate 442

Housing Wire

JANUARY 16, 2024

The first was a motion for judgement as a matter of law and the second was a motion for a new trial. They also testified to the importance and value of the MLS as a core service that agents provide to sellers and buyers. These actions by the three firms are all a matter of public record. This court ignored all those precedents.

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Agents Law Sellers Legal 410

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. Defendants’ conspiracy inflated buyer broker commissions, which in turn inflated the total commissions paid by Class Members. Filed on Thursday in U.S. 18, 2020, and the present.

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Realtors Real Estate Real Estate Agent Buyers 414

Housing Wire

NOVEMBER 8, 2023

Like the Sitzer/Burnett, Moehrl and Nosalek lawsuits, the Gibson suit accuses the defendants of conspiring to inflate real estate agent commissions in violation of the Sherman Antitrust Act. Redfin was likely named because its salaried agents offer standard commission rates to buyer brokers.

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Real Estate Sellers Realtors Real Estate Agent 424

Housing Wire

APRIL 11, 2024

“They could certainly intervene in the settlement negotiations, but they are not a party — they are just a party of interest,” said Paul Rogers, a professor of law who specializes in antitrust at Southern Methodist University’s Dedman School of Law. “It

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Real Estate Law Realtors Legal 467

Housing Wire

NOVEMBER 9, 2023

Unlike Murray, Marx Sterbcow, the managing attorney at Sterbcow Law Group, believes that the settlement agreements will be approved, but he supports Murray’s assertion that the DOJ will step in. In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency.

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Legal Real Estate Real Estate Agent Law 418

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

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Real Estate Real Estate Agent Brokerage Agents 422

Housing Wire

OCTOBER 3, 2023

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

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Agents Buyers Training Law 404

Housing Wire

DECEMBER 20, 2023

Like the other commission lawsuits, the plaintiffs in the Moehrl suit allege that the real estate industry has colluded to artificially inflate real estate agent commissions. NAR’s policies expressly prohibit MLSs, associations, and brokers from setting or suggesting real estate commissions or fees.

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Real Estate Sellers Realtors Brokerage 408

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

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Inspection Real Estate Agent Real Estate Insurance 404

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. The filing also warns of obstacles the company might face in employing agents.

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Agents Real Estate Agent Real Estate Sellers 404

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. According to a recent survey, 73% of real estate firms reported an increase in seller impersonation attempts this year. We can reverse this trend.

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Sellers Real Estate Agent Real Estate Insurance 370

Housing Wire

JANUARY 26, 2024

Lamacchia also stressed that it is impossible to claim that the system is rigged because sellers can choose how much compensation they offer the buyers’ broker, or whether they even want to offer cooperative compensation. He is constantly undermining what Realtors do, and undermining the value of a real estate agent or Realtors.”

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Realtors Law Agents Real Estate 433

Lamacchia Realty

DECEMBER 13, 2023

A REMINDER ABOUT SNOW REMOVAL LAWS Winter is fast approaching, which means the snow is soon to arrive! Here is a reminder of the crucial snow removal laws if you’re a property owner in Massachusetts , New Hampshire , or Connecticut! Some Massachusetts property owners are still unaware of this law that went into effect in July 2010.

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Law Real Estate Agent Legal Realty 66

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

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Real Estate Realtors Realty Real Estate Agent 464

Appraiserblogs

NOVEMBER 3, 2023

It appears that this recent lawsuit that the NAR LOST has exposed antitrust, collusion and price fixing between agents. We will call it an “AGENT MANAGEMENT COMPANY”. We will create a buffer per say between the buyers agent and the sellers agent thereby protecting the buyer and seller. Ensure they are fully.

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Agents Real Estate Agent Tenants Real Estate 113

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. How do you help real estate agents?

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Mortgage Buyers Agents Real Estate Agent 433

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. over asking price. High octane stuff. Those trends are likely to continue in 2023.

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Housing Market Marketing Real Estate Agent Real Estate 523

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.

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Real Estate Legal Clients Brokerage 365

McKissock

SEPTEMBER 20, 2020

As a real estate agent, your income is determined by your ability to close the deal. To successfully master the art of real estate negotiations, you’ll want to find the most creative and powerful strategies available. Check out our post: Best Books for New Real Estate Agents.

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Real Estate Agent Real Estate Agents Contracts 73

CA Realty Training

JULY 19, 2021

That’s how successful real estate agents create successful careers. This method is a set of ethical rules that agents follow to build a trustworthy relationship with clients. So, let’s explore the fiduciary duties of a real estate agent are so you can start building trust. What does fiduciary mean?

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Real Estate Agent Real Estate Agents Clients 53

Lamacchia Realty

JANUARY 7, 2022

A REMINDER ABOUT SNOW REMOVAL LAWS. Here is a reminder if you’re a property owner in Massachusetts: by law, you must remove or treat snow and ice on walkways and plow parking lots. Some Massachusetts property owners are still unaware of this law that went into effect in July of 2010. The law isn’t limited to city dwellers.

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Law Real Estate Agent Realty Insurance 74

Housing Wire

APRIL 23, 2024

Additionally, all fields displaying broker compensation on MLSs must be eliminated, and there is a blanket ban on the requirement that agents subscribe to MLSs in order to offer or accept compensation for their work. Sears announced that the plaintiffs have asked for a final approval hearing for the settlement on Nov.

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Realtors Brokerage Agents Real Estate 409