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CMLS looks to weigh in on the DOJ’s statement of interest

Housing Wire

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 432
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Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims.

Realty 421
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Top five questions to ask a potential real estate agent

Housing Wire

How many other clients are you representing right now? Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like.

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Home pricing rules: don’t go if you don’t know

Housing Wire

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.’ Always prequalify, 100% of the time!

Sellers 370
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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

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Down payment assistance programs are a boon amid mounting pressure on homebuyer affordability

Housing Wire

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 450
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.