Housing Wire
NOVEMBER 8, 2023
Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said.
Housing Wire
MARCH 15, 2024
Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.
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Housing Wire
MARCH 25, 2024
Cooperative compensation is still legal,” Papasan stressed. While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Department of Veterans Affairs (VA) financing. “A
Housing Wire
MAY 10, 2023
The transaction will ultimately result in the seller shutting down operations. The companies expect the deal to close in the third quarter of 2023, and after onboarding of Home Point customers, Mr. Cooper will shut down the seller operations. billion in 2022, a 71.6% decline compared to 2021.
Housing Wire
FEBRUARY 22, 2024
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
Housing Wire
MARCH 8, 2024
The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. JND Legal Administration is in charge of distributing the mailers, emails and press releases. What do the postcards say? Millions are expected to be sent out across America. “If
Housing Wire
MARCH 28, 2024
At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.
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