Housing Wire

NOVEMBER 28, 2023

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. Your clients need a guide, and you are poised to be that guiding light. This is your moment.

Real Estate 290

Real Estate Real Estate Agent Loan Officers Clients 290

Housing Wire

OCTOBER 27, 2023

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?

Real Estate Agent 459

Real Estate Agent Real Estate Realtors Buyers 459

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” 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. “I

Legal 342

Legal Real Estate Real Estate Agent Law 342

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 288

Real Estate Legal Brokerage Clients 288

Housing Wire

NOVEMBER 9, 2023

With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal issues NAR is currently facing in the public. NAR’s approach exhibits a lack of emphasis on making real estate agents substantially better at what they do.

Real Estate Agent 365

Real Estate Agent Real Estate Agents Realtors 365

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 347

Brokerage Real Estate Agent Real Estate Clients 347

Hank Miller Team

NOVEMBER 16, 2022

Here’s a fun fact, real estate agents in GA have no fiduciary responsibility to their client or customer. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. Are Real Estate Agents in GA Fiduciaries? Some may ask, “what does that mean”?

Real Estate Agent 52

Real Estate Agent Real Estate Agents Brokerage 52

Housing Wire

MARCH 22, 2023

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 304

Finance Real Estate Agent Loan Officers Legal 304

Housing Wire

DECEMBER 1, 2023

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 “vigorously defend the litigation.” The work you do as agents and brokers moves New York City forward.

Real Estate Agent 350

Real Estate Agent Real Estate Agents Brokerage 350

Housing Wire

MARCH 11, 2022

accessing “password-protected” company computers to steal client data. According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. and 5:30 a.m.

Real Estate 310

Real Estate Realty Real Estate Agent Legal 310

Housing Wire

DECEMBER 6, 2023

This holds true for many of the most challenging situations in real estate. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. It’s essential to set clear communication expectations early so you and your client are on the same page.

Real Estate 387

Real Estate Legal Tenants Clients 387

Housing Wire

MARCH 15, 2024

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

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 362

Contracts Brokerage Law Real Estate Agent 362

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers.

Real Estate 422

Real Estate Realtors Sellers Agents 422

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 383

Real Estate Agent Real Estate Brokerage Law 383

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

Real Estate Agent 338

Real Estate Agent Realtors Real Estate Sellers 338

CA Realty Training

JULY 19, 2021

You have to build strong relationships with your clients to have a long, lucrative career in real estate. . The top producing agents earned their fame and fortune because of the people they know. When your clients like working with you, they will recommend your services to other people they know. Confidentiality.

Real Estate Agent 53

Real Estate Agent Real Estate Agents Clients 53

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

Real Estate 387

Real Estate Realtors Realty Brokerage 387

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 337

Real Estate Brokerage Training Agents 337

Housing Wire

NOVEMBER 9, 2023

The verdict runs contrary to what we all know about the value we bring not only to our clients but to the functioning of a buyer-seller real estate market more generally,” Kasper said. As she has stated previously, NAR plans to appeal the verdict and that Sitzer/Burnett saga is far from over.

Agents 399

Agents Legal Sellers Clients 399

Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Revenue decreased by 10% year over year to $1.34

Agents 333

Agents Real Estate Agent Realtors Brokerage 333

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I He didn’t want himself and his agents in a place where the day came, and they didn’t know how to prove their value proposition or negotiate their worth with a client. More off-MLS listings?

Brokerage 392

Brokerage Real Estate Agents Sellers 392

McKissock

JULY 6, 2022

Real estate transactions are similar to putting together a jigsaw puzzle. One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). Setting and Managing Client Expectations for Your Real Estate Transactions.

Clients 87

Clients Real Estate Contracts Sellers 87

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. If NAR’s Adversary Commission Rule were not in place, then the cost of buyer broker commissions would be paid by their clients (home buyers),” the complaint states.

Real Estate 410

Real Estate Real Estate Agent Realtors Buyers 410

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. After all, getting divorced is expensive.

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. And why is this so important?

Real Estate Agent 341

Real Estate Agent Real Estate Agents Clients 341

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). In the process, American consumers can count on a real estate agent to look out for their needs and provide critical, expert advice. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 383

Real Estate Agent Real Estate Sellers Legal 383

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 364

Real Estate Real Estate Agent Brokerage Agents 364

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 415

Sellers Buyers Real Estate Agents 415

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

JUNE 29, 2023

For lenders who suspect that they may have clients attempting to perpetrate the scheme, Fannie Mae recommends documenting all applicable details. The GSE highlighted four hallmarks of such a scheme. Borrowers engaging in such a scheme would typically not qualify for a loan without including the misrepresented income, Fannie Mae said.

Real Estate Agent 355

Real Estate Agent Mortgage Design Real Estate 355

Raleigh Realty

FEBRUARY 4, 2022

My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller. Initially, the seller tried to sell his home by himself before soliciting my help and I was able to get it sold for him to one of my clients. What is Dual Agency in Real Estate?

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions.

Contracts 373

Contracts Brokerage Law Real Estate Agent 373

Housing Wire

MARCH 25, 2024

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Cooperative compensation is still legal,” Papasan stressed.

Agents 384

Agents Advertising Real Estate Buyers 384

McKissock

SEPTEMBER 20, 2021

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. Here’s an overview of Articles 1–13: Article 1 requires Realtors® “to protect and promote the interests of their client.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

JANUARY 11, 2024

Getting your real estate license in California can take as little as 7.5 We’ll show you how to get a real estate agent in California, taking you through the process step-by-step. You’ll begin by fulfilling the required 135 California real estate course hours. Need more details about the process?

Real Estate 339

Real Estate Real Estate Agent Agents Law 339

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Agents 376

Agents Buyers Loan Officers Real Estate 376