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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. When the market enters a phase more favorable to sellers, appraisers may find themselves caught in a crossfire between what buyers think is fair and what the homeowner expects.

Appraisal 370
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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 Keller also added that the presentation was about the flow of money and “not a conversation about what you charge.” I do believe training is essential.” billion in damages.

Agents 407
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Sitzer plaintiffs expected to rest their case today

Housing Wire

During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.” Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

Legal 336
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Compass misses free cash-flow goal but remains optimistic

Housing Wire

He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements. Despite this assertion, Reffkin was happy to field questions about the firm’s use of buyer agency agreements during the question and answer portion of the call.

Agents 327
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Q1 2024 BrokerPulse: Leaders predict flat home prices, lower interest rates

Housing Wire

Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers.

Brokerage 365
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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

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 her testimony, she noted that training modules receive very few views.

Law 401
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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

Due to this, Edgerton and other industry leaders believe it is essential for agents to focus on training and education as the mid-July deadline looms just a few months away. We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations. More off-MLS listings?

Brokerage 387