Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association. million real estate licensees in the U.S.,

Law 402

Law Agents Realtors Contracts 402

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mirroring the trend for new home sales , pending home sales fell 7.1%

Housing Market 417

Housing Market Contracts Government Buyers 417

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 356

Inventory Contracts Housing Market Realtors 356

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

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Agents Buyers Real Estate Agent Loan Officers 382

Housing Wire

DECEMBER 28, 2023

according to the latest data from the National Association of Realtors (NAR). Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one month ago.

Realtors 393

Realtors Contracts Mortgage Marketing 393

Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.” “As

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 3, 2024

We also acknowledge that many of these lawsuits are due to some Realtors not being transparent enough… we provide transparency every step of the way,” one respondent wrote. I was already using buyer broker contracts, but now use them 100% of the time. Realtors & NAR have always had the client’s best interest.

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Agents Realtors Clients Real Estate Agent 334

Housing Wire

MAY 1, 2024

Zillow executives also discussed its newly launched “ Touring Contract ,” noting that prospective homebuyers would not be required by Zillow to sign its touring contract in order book a home tour.

Agents 336

Agents Real Estate Contracts Real Estate Agent 336

Housing Wire

NOVEMBER 17, 2023

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy. I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 346

Training Realtors Agents Real Estate 346

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Inventory 379

Inventory Realtors New Listings Contracts 379

Housing Wire

OCTOBER 2, 2023

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. Kelman and other Redfin executives wrote that the all-or-nothing approach Redfin is having to take with Realtor association membership has been forced on the firm by NAR’s rules.

Brokerage 376

Brokerage Agents Realtors Legal 376

Housing Wire

OCTOBER 20, 2023

During their testimony, attorneys for the defendants, which now include National Association of Realtors , Keller Williams and HomeServices of America , had the opportunity, if they wished, to cross-examine the witnesses in addition to the questions posed by Michael Ketchmark, the lead attorney for the plaintiffs.

Contracts 372

Contracts Agents Buyers Real Estate 372

Listing Spark

NOVEMBER 11, 2022

One of these includes figuring out the required paperwork for selling a house without a realtor. In this blog post, we’ll go over the basics of what you need to do in order to sell your home without an agent, including the necessary paperwork for selling a house without a realtor in Texas. 1) Market the home for sale.

Realtors 36

Realtors Contracts HOA Sellers 36

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted. Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 374

Buyers Agents Loan Officers Real Estate 374

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

OCTOBER 31, 2023

in September year over year to $394,300, according to the National Association of Realtors. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that the August data includes homes that went into contract in June. The median existing-home sale price rose 2.8%

Inventory 440

Inventory Housing Market Contracts Realtors 440

Birmingham Appraisal

APRIL 11, 2023

If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. Pending sales that have been appraised with no issues and that have financing in place are the best sales available. If you liked this post subscribe by email (or RSS feed ).

Realtors 88

Realtors Bracketing Agents Buyers 88

Housing Wire

OCTOBER 12, 2023

If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. Lawrence Yun, chief economist with the National Association of Realtors , said in an emailed statement that inflation and interest rates will fall next year as rent growth slows. “Overall, shelter costs were up 7.2%

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Government Housing Market Contracts Insurance 322

Housing Wire

FEBRUARY 28, 2023

year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% Because most home sales take several months from contract to closing, the data likely includes some deals struck in August and September. However, even as existing home sales fell 17.8% to a reading of 310.64.

Inventory 364

Inventory Housing Market Contracts Realtors 364

Housing Wire

AUGUST 31, 2021

” Another report on home-price growth released by the Federal Housing Finance Agency this week pointed to an 18.8% “ Demand for housing continues to far outweigh the supply of homes for sale: Competition remains elevated, and homes are still going under contract more than a week faster than they were a year ago.

Housing Market 433

Housing Market Inventory Buyers Real Estate 433

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. It contrasts with new home sales , which moderated in the same period (-2.5%).

Construction 341

Construction Inventory Realtors Housing Market 341

Housing Wire

NOVEMBER 30, 2023

Illinois REALTORS Best Illinois real estate school for accommodating different learning styles Overall Rating: 4.2 Unlike other real estate schools, Illinois REALTORS is also the only advocate for private property rights at the state capitol in Springfield, Illinois, and in communities across the state. out of 5 stars Rating: 4.5

Real Estate 383

Real Estate Realtors Real Estate Agent Law 383

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Investors of mortgage-backed securities guide that rate discussion and they can be influenced by the overall financing world.)

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

FEBRUARY 20, 2024

“And it blew up so much that states like Massachusetts … are seeking to pass right-to-inspect laws, which is going to make it hard to get that inspection contingency out of the contract,” he said. In addition to purchasing professional liability insurance, another protection that inspectors need to employ is smart contract language.

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Inspection Real Estate Agent Real Estate Insurance 384

MN Real Estate Services

JUNE 24, 2016

The median price of an existing home sold in May hit a record $239,700, according to the National Association of Realtors, which began tracking prices in 1968. Perhaps due to Brexit, financing costs for mortgages are now at 3 year lows. The evidence is in the high sales reported by the National Association of Realtors.

Finance 78

Finance Realtors Real Estate Retail 78

Housing Wire

FEBRUARY 22, 2024

Ted Tozer , the former president of Ginnie Mae and current nonresident fellow at the Urban Institute’s Housing Finance Policy Center , shares a similar opinion. This way it is all part of the sales contract, and the buyer doesn’t have to come out of pocket to actually pay the broker, just like it is today,” Tozer said. “In

Sellers 412

Sellers Buyers Real Estate Agents 412

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 387

Investors Agents Real Estate Buyers 387

Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.” “Last year you might have 20 offers on a house and half of them would be cash.”

Marketing 323

Marketing Inventory Buyers Housing Market 323

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. “For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. But more recently, we have partnered with Realtors.

Realtors 351

Realtors Technology Insurance Mortgage 351

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. Grubb, the president of Grubb Company Realtors , said that even though people are moving into his communities, people are moving out, too. Miami Realtor Ines Flax, with One Sotheby’s International , said her housing market is heating up this winter. Very, very unique.”.

Housing Market 534

Housing Market Marketing Real Estate Agent Real Estate 534

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? What used to be infrequent is becoming more common; Sellers backing out of contracts. There are two options; recover the earnest money and move on, or sue the Seller for specific performance; make them close per the contract terms.

Sellers 52

Sellers Buyers Contracts Legal 52

Housing Wire

OCTOBER 3, 2023

Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Imagine that.

Agents 370

Agents Buyers Training Law 370

Housing Wire

JULY 28, 2022

Lawrence Yun, chief economist for the National Association of Realtors, doesn’t believe raising interest rates by 75 bps will have an effect on mortgage rates. Signed contracts to purchase existing homes declined a wider-than-expected 8.6% in June from May and dropped 20% from June 2021, the National Association of Realtors said.

Housing Market 300

Housing Market Marketing Loan Officers Buyers 300

Housing Wire

OCTOBER 16, 2023

But, collectively at the Denver Metro Association of Realtors (DMAR), we all agree that this is really no longer the case and hasn’t been for some time. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs.

Agents 384

Agents Buyers Sellers Inventory 384

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework.

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Real Estate Real Estate Agent Design Law 358