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Homebot home education portal acquires mobile app firm Quo FinanceĀ 

Housing Wire

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo. Quo raised $7.2

Finance 329
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

I’ve been an agent for 15 years, so I can’t aid in that. The researchers scraped this data from Redfin’s website over several months and amassed what they believe to be “the first systematic, nationwide evidence that buyer agents do in fact steer clients away from properties that offer low buyer commissions.”

Clients 423
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ā€˜Find buyers before agents!ā€™ Mortgage industry reacts to the NAR settlement

Housing Wire

You should be finding buyers before real estate agents anyway.ā€ NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyersā€™ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out. ā€œYou

Buyers 498
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ā€œGreetings from Missouri!ā€ Millions are finding commission lawsuit postcards in the mail. Agents say itā€™s an opportunity

Housing Wire

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,ā€ the postcards read. Lisa is super on the pulse.

Agents 401
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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

Further, compensation is set between the brokers and their clients and is always negotiable. Real estate agents know city and county property taxes. They use their experience and expertise to negotiate on behalf of their client. And if those same consumers had to go it alone without buyer representation?

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How the commission lawsuits may prompt intervention from DOJ and regulators

Housing Wire

So, the fact that we are now seeing things further in the process come down to agents and brokers ā€” I was not entirely surprised by that.ā€ In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. ā€œI

Legal 364
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REBNY vows to fight copycat commission lawsuit

Housing Wire

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would ā€œvigorously defend the litigation.ā€ The work you do as agents and brokers moves New York City forward.