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Luxury Realty Group launches new AI avatar to assist homebuyers

Housing Wire

Luxury Realty Group , a subsidiary of Luxury Realty Group Holdings , launched the beta testing for its conversational AI services website vuHome.ai, the company announced on Tuesday. The conversational avatar will take prospective buyers on a property tour to uncover more details.

Realty 441
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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 479
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eXP’s Glenn Sanford is “concerned” about the commission lawsuit’s impact on buyers

Housing Wire

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million to $14.90 million to $14.90

Buyers 409
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Proposed Anywhere settlement: no NAR buyer commission rule, no NAR membership needed

Housing Wire

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

Buyers 432
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Howard Hanna acquires New York brokerage Rand Realty

Housing Wire

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.

Realty 410
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Vista Real Estate joins Sotheby’s, expanding its presence in California

Housing Wire

Sotheby’s International Realty is expanding its footprint in the Golden State. The Redding, California-based firm will now operate as Shasta Sotheby’s International Realty. The area is seeing interest from domestic buyer s in major cities alongside the West Coast looking for a change of scenery and slower living.”

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Nevada real estate firms hit with second commission lawsuit

Housing Wire

“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.