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‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

Housing Wire

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion. “If

Sellers 414
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DOJ advocates for prohibition of cooperative compensation in Nosalek commission lawsuit

Housing Wire

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 424
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. I think listing agents are going to win.

Buyers 389
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards. First of all, sellers need to know who shops for vacant land, as noted above. Secondly, owners need to prepare the land just as a home seller needs to stage a house. Success depends on when, where and how you sell.

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Non-Arms Length Sales for Appraisers

Appraisal Today

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.