Housing Wire

DECEMBER 20, 2023

The suit takes aim at NAR’s Participation Rule, which is referred to as the Cooperative Compensation Rule in this suit, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list the property on a Realtor-affiliated MLS.

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Real Estate Sellers Realtors Brokerage 355

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Market Marketing Real Estate Agent Real Estate 512

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

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Realtors Brokerage Agents Buyers 421

Housing Wire

OCTOBER 17, 2023

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough.

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Sellers Agents Buyers Realtors 400

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

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Brokerage Sellers Buyers Agents 545

Housing Wire

APRIL 3, 2024

Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 387

Real Estate Agents Buyers Business 387

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

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Realtors Real Estate Sellers Buyers 336

Housing Wire

JULY 20, 2023

For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. While that’s one method of finding a home for your would-be sellers to buy, you can’t end the conversation there and expect to do any business this year. Nationwide, inventory is at all-time lows.

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Sellers Clients Inventory Agents 282

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 365

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to. Don’t require the seller to pay for it,” Ketchmark said.

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Realtors Law Agents Real Estate 426

Housing Wire

OCTOBER 25, 2023

It has been an eventful and drama-filled 24 hours in Kansas City, Missouri, for the Sitzer/Burnett class-action antitrust buyer broker commission lawsuit. This “technique” is a script Dalton claimed to use in response to a seller asking him to cut his commission.

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Sellers Realtors Real Estate Design 363

Housing Wire

FEBRUARY 13, 2024

Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

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Agents Sellers Buyers Law 357

Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” What does it mean for buyers, sellers?

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Mortgage Sellers Buyers Housing Market 382

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R. Bough of U.S.

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Real Estate Brokerage Buyers Property Management 309

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line. Here are 5 reasons why.

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Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

OCTOBER 5, 2022

” And, she said, “there’s just going to be more hurdles in reference to who’s using what vendor or certifying authorizer.” “In the markets where it is currently accepted, we’re experiencing that about 10% to 15% of sellers use it, but about 1% to 2% of buyers use it,” he said.

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Law Sellers Buyers Technology 375

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Sellers Real Estate Appraisal Appraisal Process 79

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 400

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

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Mortgage Buyers Loan Officers Sellers 445

Quicken Loans

JUNE 3, 2021

You may already be aware of iBuyers and what they have to offer prospective home buyers and sellers. But for those who want to understand what all the hoopla is about and what it entails for buyers, sellers and agents alike, here’s what you should know. What Is An iBuyer? iBuyers aren’t active in all U.S. iBuying FAQs.

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Sellers Buyers Agents Real Estate Agent 55

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ How would it compare in the eyes of the buyer?

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Sellers Construction Real Estate Finance 363

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. will identify which buyers require immediate contact from the listing agent. These are large language models (LLMs).

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Real Estate Agent Real Estate Agents Tools 370

Housing Wire

MAY 24, 2021

. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. 25% of all sales were cash sales, per the report.

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Realtors Buyers Housing Market New Listings 475

Hank Miller Team

APRIL 12, 2023

Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. What happens if a home seller lies on the disclosure varies; every situation is different.

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Sellers Easement Inspection Real Estate Agent 40

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Satisfied clients are more likely to refer you to their friends, family, and colleagues, helping you expand your client base organically.

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Real Estate Agent Real Estate Agents Clients 376

Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) Ask your professional loan originator for the details and refer your clients to someone who specializes in these programs. You can even search for investors, first time buyers, first responders, etc.

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Real Estate Government Law Buyers 406

Housing Wire

SEPTEMBER 13, 2023

Terms have slightly changed Furthermore, the terms of most transactions are characterized with less cash at close and more on the contingent part of the transaction (often referred to as the Earn Out). Earn Outs continue to run for a minimum of two years to a maximum of five years.

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Real Estate Valuation Brokerage Property Management 326

Housing Wire

APRIL 15, 2024

If sellers wait, their business valuations could remain relatively stable or come down. In the current market, legitimate buyers are companies with substantial amounts of cash — the groups Ludden represents have at least $50 million — or are parent entities with deep pockets. Each quarter that they move forward is closer to recovery.

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Mortgage Retail Buyers Investors 444

Lamacchia Realty

FEBRUARY 1, 2024

For the third year in a row, Michelle has earned this award for referring the most buyers and sellers into the company. All the clients Michelle has brought in have all been referred out to our Lamacchia Realty REALTORS. We are proud the announce that the winner of the 2023 Employee Referral Award is Michelle Wesson!

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Realty Sellers Clients Agents 73

Housing Wire

APRIL 13, 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 home sellers while also playing an expanding role as personal advisors. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

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Real Estate Agent Real Estate Brokerage Realtors 407

Housing Wire

JANUARY 13, 2022

The lawsuit, in part, challenges a rule first put forth by the National Association of Real Estate Exchanges, NAR’s forerunner, in 1913, that a member agent representing a home seller , “Always be ready and willing to divide the regular commission equally with any member of the Association who can produce a buyer for any client.”.

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Brokerage Real Estate Agents Real Estate Agent 345

Empire Appraisal Group

JUNE 29, 2023

These statutory disclosures are quite different in how they work, so the main similarity is that if the seller neglects to include the statutory language in their contract – or deliver it to the buyer after a contract is signed and wait for a review period to expire – the buyer is allowed to void the contract until closing.

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HOA Contracts Sellers Buyers 78

Housing Wire

APRIL 1, 2024

DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

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Finance Investing Real Estate Agent Real Estate 400

Housing Wire

FEBRUARY 8, 2024

It is often the first point of contact between you and potential clients, or it’s how clients confirm if you’re the right fit after you’ve been referred to them. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City.

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Real Estate Agent Real Estate Agents Clients 389

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Increasing DOM is not necessarily correlated with decreasing prices, but it does mean buyers will have more choices and will be able to regain some bargaining power in negotiations. So, how do you comp in this market?

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Sellers Marketing Market Value Home Value 435

Raleigh Realty

FEBRUARY 2, 2022

Is the seller not willing to negotiate repairs? A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc. It helps the buyer know if certain repairs are needed so that they do not encounter costly problems after purchasing the home.

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Inspection Sellers Buyers Realtors 158

Housing Wire

FEBRUARY 7, 2023

That imbalance favors buyers and is expected to be a drag on MSR pricing that threatens to squeeze margins for already struggling IMBs — particularly the smaller players, regardless of whether they sell or retain servicing. These differences can cause volatile MSR values. Independent mortgage companies on a net basis bought $1.6

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Sellers Investors Valuation Finance 297