Housing Wire

DECEMBER 20, 2023

The suit takes aim at NAR’s Participation Rule, which is referred to as the Cooperative Compensation Rule in this suit, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list the property on a Realtor-affiliated MLS.

Real Estate 407

Real Estate Sellers Realtors Brokerage 407

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Lower demand means that homes often sit on the market longer than usual.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Birmingham Appraisal

FEBRUARY 28, 2023

Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.

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Sellers Real Estate Appraisal Appraisal Process 78

Housing Wire

JULY 20, 2023

While that’s one method of finding a home for your would-be sellers to buy, you can’t end the conversation there and expect to do any business this year. Here are 10 solutions for sellers who what to buy that go beyond waiting and watching for magic inventory to appear. Who are your go-to leasing agents? You have to ask!

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Sellers Clients Inventory Agents 284

Hank Miller Team

OCTOBER 24, 2023

Real estate contracts occasionally collapse due to Buyer problems, but what if the Seller bails out? Can a Buyer sue a Seller if they refuse to close? What used to be infrequent is becoming more common; Sellers backing out of contracts. The seller, not wanting to wait for resolution, initiates termination.

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Sellers Buyers Contracts Legal 52

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

OCTOBER 17, 2023

Plaintiffs allege collusion In their trial brief, the plaintiffs in the suit allege that NAR’s Participation Rule , which they refer to as the Mandatory Offer of Compensation Rule , is “a market-shaping and distorting rule” that stifles innovation and competition.

Sellers 410

Sellers Agents Buyers Realtors 410

Housing Wire

JULY 20, 2023

Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. Satisfied past clients become valuable advocates, referring you to their family, friends and neighbors when it’s time to sell. Instead, focus on scheduling an appointment.

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Housing Market Marketing Real Estate Client Relationships 370

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line. More for Real Estate Enthusiasts.

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Real Estate Agent Real Estate Agents Contracts 545

San Jose Real Estate

JANUARY 3, 2022

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a “seller rent back” after close of escrow. This is often referred to as “seller in possession after close of escrow” (often shortened to SIP) or “seller occupancy after sale” […].

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Sellers Contracts 62

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

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Sellers Construction Real Estate Finance 370

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

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Realtors Real Estate Sellers Buyers 367

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. According to the motion, at least some of the putative class members in the suit would be bound by their seller agreements to arbitrate claims, similar to HomeServices’ claims.

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Realty Real Estate Law Brokerage 418

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. 74% of sellers say they would use that same agent again, or recommend them to others. Most importantly, you must be available and responsive.

Clients 276

Clients Real Estate Open Houses Agents 276

Housing Wire

APRIL 3, 2023

Borrowers who opt to use their own agent can also qualify to receive a smaller closing credit if the agent refers them to Rocket Mortgage, equal to 0.25% of their loan amount. .” Rocket says there are more than 20,000 partner agents through its Rocket Homes business. Those borrowers are eligible to receive an additional 0.5%

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Agents Buyers Real Estate Agent Mortgage 397

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

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Realtors Brokerage Agents Buyers 431

Housing Wire

FEBRUARY 13, 2024

Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

Agents 402

Agents Sellers Buyers Law 402

San Jose Real Estate

APRIL 20, 2023

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a seller rent back after closing. A rent back refers to the seller staying in possession of the home after it’s been sold to the […] What does this mean? What is a rent back?

Sellers 36

Sellers Contracts 36

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to. Don’t require the seller to pay for it,” Ketchmark said.

Realtors 441

Realtors Law Agents Real Estate 441

Housing Wire

APRIL 3, 2024

Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 441

Real Estate Agents Buyers Business 441

Housing Wire

MARCH 22, 2023

In a notable shift this month, led by the sudden failures of Silicon Valley Bank (SVB) and Signature Bank , the central bank’s policy statement removed the reference to “ongoing” hikes and noted instead that “some additional policy firming may be appropriate.” What does it mean for buyers, sellers?

Mortgage 397

Mortgage Sellers Buyers Housing Market 397

Hank Miller Team

APRIL 12, 2023

Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. What happens if a home seller lies on the disclosure varies; every situation is different.

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Sellers Easement Inspection Real Estate Agent 40

Housing Wire

OCTOBER 26, 2023

Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents. According to Frazier, homebuyers working with ReeceNichols agents sign a buyer agreement that if the seller doesn’t pay the buyer agent’s fees, then the buyer will pay the fee themselves. They were guidelines.

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Law Agents Brokerage Buyers 405

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Satisfied clients are more likely to refer you to their friends, family, and colleagues, helping you expand your client base organically.

Real Estate Agent 428

Real Estate Agent Real Estate Agents Clients 428

Housing Wire

OCTOBER 5, 2022

” And, she said, “there’s just going to be more hurdles in reference to who’s using what vendor or certifying authorizer.” “In the markets where it is currently accepted, we’re experiencing that about 10% to 15% of sellers use it, but about 1% to 2% of buyers use it,” he said.

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Law Sellers Buyers Technology 384

Housing Wire

SEPTEMBER 13, 2023

Terms have slightly changed Furthermore, the terms of most transactions are characterized with less cash at close and more on the contingent part of the transaction (often referred to as the Earn Out). Earn Outs continue to run for a minimum of two years to a maximum of five years.

Real Estate 380

Real Estate Valuation Brokerage Property Management 380

Housing Wire

JUNE 16, 2022

In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. In 2019, the company expanded to providing title and escrow services to agents and home sellers and matching sellers with iBuyers.

Brokerage 364

Brokerage Real Estate Lending Clients 364

Housing Wire

MARCH 21, 2024

The H4P factor HECM for Purchase is a largely underutilized variation of the HECM product, but after the FHA announced a seller credit for the program late last year — to the delight of many reverse mortgage professionals — LOs in different areas of the country are keeping an eye on it as a path toward growth. “I’m

Retail 421

Retail Mortgage Real Estate Agent Business 421

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 323

Real Estate Brokerage Buyers Property Management 323

Lamacchia Realty

FEBRUARY 1, 2024

For the third year in a row, Michelle has earned this award for referring the most buyers and sellers into the company. All the clients Michelle has brought in have all been referred out to our Lamacchia Realty REALTORS. We are proud the announce that the winner of the 2023 Employee Referral Award is Michelle Wesson!

Realty 73

Realty Sellers Clients Agents 73

Appraisal Buzz

JULY 18, 2022

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. Anecdotally, sellers are worried that the threat of increasing interest rates with continue to erode buying power which will have a negative effect on their sale price now and especially in the future.

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

APRIL 13, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

Real Estate Agent 410

Real Estate Agent Real Estate Brokerage Realtors 410

Housing Wire

JANUARY 13, 2022

The lawsuit, in part, challenges a rule first put forth by the National Association of Real Estate Exchanges, NAR’s forerunner, in 1913, that a member agent representing a home seller , “Always be ready and willing to divide the regular commission equally with any member of the Association who can produce a buyer for any client.”.

Brokerage 389

Brokerage Real Estate Agents Real Estate Agent 389

Housing Wire

FEBRUARY 20, 2024

Instead, Binney said, the buyer should blame the seller “who painted over the problem.” The Massachusetts legislation would grant buyers the right to a home inspection , but it does not mandate that one be completed. Gromicko added. “‘I’m

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Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

FEBRUARY 15, 2024

In a lot of cases, the seller is not going to wait 45 to 60 days when they have an offer on a 30-day contract,” said Adrian Gastelum, a senior vice president and branch manager at Nova Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Creating new content, whether in the form of text, photos, videos or computer code, is referred to as generative AI. After the agent explains how a chatbot works and the benefits it offers, the agent can let the sellers experience it themselves.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

MARCH 6, 2024

I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said.

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Mortgage Marketing Insurance Sellers 424