Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. In fact, the U.S.

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Buyers Realtors Agents Real Estate 487

Housing Wire

SEPTEMBER 5, 2023

Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? For best results, present information in many different ways.

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Real Estate Sellers Buyers Clients 417

Housing Wire

NOVEMBER 3, 2023

eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications.

Buyers 405

Buyers Realty Real Estate Realtors 405

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. While it’s fun to dream, the reality is that buyers are not looking to expend operating capital for major purchases. Conversations are being had and deals are being made.

Real Estate 369

Real Estate Buyers Sellers Brokerage 369

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively.

Buyers 454

Buyers Brokerage Agents Realtors 454

Inman

FEBRUARY 7, 2024

Hawaii State Senator Brenton Awa has presented a bill aimed at banning foreign buyers from purchasing or investing in property on the island. The senator said the bill, if passed, would be an important to improving affordability for residents.

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Buyers Investing Real Estate Marketing 161

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

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Agents Buyers Loan Officers Real Estate 395

Housing Wire

OCTOBER 5, 2021

Homeowners are able to track tours and buyer feedback on their home through the Redfin Owner Dashboard. Presented by: Flueid. When an ADT outfitted home is purchased through Redfin, the buyer keeps the pre-installed smart lock, ADT security panel, and sensors, which are valued at $899. Learn more here.

Buyers 395

Buyers Agents Real Estate Technology 395

Housing Wire

FEBRUARY 1, 2023

While mortgage rates have been trending lower, rates are still higher than 12 months ago, but some experts anticipate that the downward pressure on rates will provide opportunities for buyers. Rising interest rates and elevated mortgage rates present another homeownership hurdle for the current renter pool,” Barry said.

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Buyers Mortgage Landlords Law 395

Inman

OCTOBER 12, 2023

Today's real estate market can present an intimidating and emotional challenge to hopeful buyers and sellers. Mauricio Umansky shares strategies for helping educate and reassure them so that they can get their needs met.

Buyers 169

Buyers Real Estate Sellers Marketing 169

Housing Wire

SEPTEMBER 30, 2022

Presented by: FormFree. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. The post With mortgage rate volatility, buyers can save by shopping around appeared first on HousingWire. Not yet anyway.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

APRIL 8, 2021

Presented by: Citibank. “As we look ahead to the expected growth in the purchase market, which will be driven by millennials and first-time home buyers, credit availability to qualified borrowers will play an important role in supporting this demand,” said Kan. A homebuyer’s guide to a competitive housing market.

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Buyers Mortgage Housing Market Government 512

Housing Wire

APRIL 11, 2022

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. Presented by: Stewart Title. The post Buyers rush to lock mortgages as rates move fast and furious appeared first on HousingWire. in March from February, rate-term refi originations fell 15.4%

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Buyers Mortgage Home Value Sellers 370

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

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Agents Advertising Real Estate Buyers 436

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. As work-from-home became the norm throughout the U.S.

Buyers 469

Buyers Real Estate Agent Real Estate Brokerage 469

Housing Wire

MAY 28, 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. Presented by: Move Sales. But that’s not slowing down buyers. The post Redfin: Over half of buyers are going above asking price appeared first on HousingWire. from a year ago.

Buyers 417

Buyers Real Estate Agent Real Estate Inventory 417

Housing Wire

FEBRUARY 27, 2024

Despite this assertion, Reffkin was happy to field questions about the firm’s use of buyer agency agreements during the question and answer portion of the call. He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements.

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Agents Brokerage Buyers Training 410

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Presented by: VRM Mortgage Services. But that does still leave an estimated 11.1

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

FEBRUARY 28, 2024

It enables agents to differentiate themselves through original presentations of their brand and properties using features such as high-resolution hero images and interactive floor plans. Listing Showcase also allows agents to customize their listings to their liking to help attract more interest from buyers.

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Tools Agents Real Estate Brokerage 413

Housing Wire

NOVEMBER 27, 2023

Central to the complaint is NAR’s Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By The plaintiffs also take issue with the buyer’s alleged inability to negotiate their agent’s commission. 22, 2019, and the present.

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Real Estate Real Estate Agent Sellers Realty 446

Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 436

Real Estate Realtors Realty Brokerage 436

Housing Wire

MARCH 29, 2024

While it may not be seeking class-action status like other commission lawsuits, the Wang suit takes aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor-affiliated MLS. according to the complaint.

Advertising 437

Advertising Real Estate Realtors Buyers 437

Housing Wire

DECEMBER 15, 2023

This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Once the December data for existing home sales is tallied up, 2023 could be the worst year for existing home sales seen since 2008 or since 1995, Yun said during his presentation.

Sellers 469

Sellers Buyers Mortgage Investing 469

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. If NAR’s Adversary Commission Rule were not in place, then the cost of buyer broker commissions would be paid by their clients (home buyers),” the complaint states. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 437

Real Estate Real Estate Agent Realtors Buyers 437

Housing Wire

NOVEMBER 8, 2023

According to the plaintiffs’ initial complaint filing, the “cornerstone of the conspiracy” is NAR’s Clear Cooperation rule, which requires all home sellers to make a blanket, unilateral offer of buyer broker compensation when listing a property on the MLS. Its agents also offer buyer broker compensation.

Real Estate 427

Real Estate Sellers Realtors Real Estate Agent 427

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. “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.” 15, 2020, and the present.

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Realtors Real Estate Agent Real Estate Sellers 446

Housing Wire

JANUARY 16, 2024

No evidence of collusion First, according to the filings, the plaintiffs in the case presented no evidence at trial as to any collusion or conspiracy among the defendants. There was no evidence presented at the trial that excludes the possibility of independent action by any of the defendants. This court ignored all those precedents.

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Agents Law Sellers Legal 411

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 409

Real Estate Sellers Realtors Brokerage 409

Housing Wire

JANUARY 18, 2024

In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS. 17, 2020, and the present. The plaintiffs are also demanding a jury trial, damages, and injunctive relief.

Realtors 530

Realtors Brokerage Realty Real Estate 530

Housing Wire

NOVEMBER 10, 2023

. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states. “These rules effectively take the compensation structure out of the view of the buyers and sellers, masking who pays the buyer broker’s compensation.

Sellers 427

Sellers Realtors Buyers Agents 427

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 417

Inventory Agents Real Estate Sellers 417

Housing Wire

MARCH 7, 2024

First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. If mortgage rates follow, that could bring another surge of buyers later this year.” “Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality.

Sellers 417

Sellers Buyers Real Estate Inventory 417

Housing Wire

SEPTEMBER 6, 2023

Generative artificial intellegence, such as ChatGPT, is changing everything—a statement that comes as little surprise to anyone these days, and least of all to the many real estate agents whose markets are being saturated by artificial intelligence (AI)-empowered buyers. Keep Up AI is making buyers smarter.

Real Estate Agent 394

Real Estate Agent Real Estate Agents Marketing 394

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Top 10 ways to get homebuyers to work with you 1.

Clients 427

Clients Real Estate Inspection Buyers 427

Housing Wire

JANUARY 11, 2024

“Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In 29, 2019, to the present.

Real Estate 427

Real Estate Sellers Real Estate Agent Agents 427

Housing Wire

NOVEMBER 8, 2023

District Court for the Northern District of Illinois Eastern Division, this lawsuit also takes issue with NAR’s Clear Cooperation rule, which requires listing brokers to make an offer of compensation to buyer brokers in order to submit a listing to a Realtor-affiliated MLS.

Real Estate 427

Real Estate Realtors Sellers Agents 427

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 407

Real Estate Realtors Realty Buyers 407