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Stakes are high as first buyer broker commission lawsuit goes to trial today

Housing Wire

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. What’s at stake may be much bigger than that.

Buyers 458
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Leveraging the non-delegated channel to grow your business

Housing Wire

For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer. HW: AmeriHome launched its non-delegated correspondent channel in January 2019.

Business 493
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We We are a company of top agents.” Reffkin’s confidence came from what he called “five facts.”

Agents 438
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. Relatedly, discount brokerages have promised big savings to sellers for decades. The legal threat that looms largest is what’s known as the “Moehrl case.”

Agents 410
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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

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 billion as transactions declined 12% over the quarter, driven by macroeconomic factors.

Agents 406
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Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

The lawsuit cites potential securities fraud when investors are induced to purchase the lender’s loans in the secondary market based on the false representations on the borrowers’ profiles. The lender claims that since becoming a CDFI in 2018, it has funded over $25 billion in loans to more than 75,000 families.

Investors 368
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Can a Seller Back Out After Accepting an Offer?

Mashvisor

A home offer is a written contract signed by the buyer and the seller as a consensus to show that both parties agreed to conclude a transaction. It’s a legal

Sellers 67