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Virginia Realtors: Zillow’s touring agreement may not be legal

Housing Wire

The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker. This agreement must be signed prior to an agent taking a buyer to tour a home.

Legal 295
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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 348
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

” Unnamed agent in recorded call with REX Not showing clients properties because they have below-market commission rates is an example of “steering,” a practice that is often alleged about buyer agents and just as often denied by broker firms and associations. So I’m not going to show properties that do that.”

Clients 417
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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

While buying a house is typically an exciting process for our clients, it can also be overwhelming. We’ve compiled this house-hunting checklist you can review with your buyer clients to help them better understand the home-buying process. I used to play a fun game with my buyer clients. I gave them a piece of paper and a pen.

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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. To find out more, visit VRM Mortgage Services.

Business 337
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Q2 AgentPulse survey: Low inventory is greatest challenge

Housing Wire

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 364