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Report warns that percentage-based agent commissions could harm consumers

Housing Wire

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It.

Agents 366
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Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

“As part of their low-cost selling strategy, sellers using Homie would commonly make an offer of compensation to buyer-brokers that was somewhat below the buyer agent compensation (BAC) offered by sellers represented by traditional brokers, including the Corporate Defendants.

Realtors 482
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Virtual staging: The best apps for 2025 + mind-blowing AI picks

Housing Wire

Data from the National Association of Realtors (PDF) shows that 81% of buyers think home staging helps them visualize living in the home. The same report revealed that 72% of listing agents believe virtual staging was at least somewhat important for helping them sell their listings. You worked hard to get your listing.

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Spencer Rascoff outfit Pacaso raises $75 million

Housing Wire

Rascoff in October started the company with Austin Allison, the founder of dotloop, which Zillow bought in 2015. Buyers can own one-eighth to half of the vacation home. The company connects consumers with real estate agents, and Pacaso “sets up a professionally managed LLC uniquely designed for co-ownership,” the firm said.

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Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider.

Insurance 511
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that! See the house?

Agents 435
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The digital mortgage platform empowering the rise of community lenders

Housing Wire

Since channeling his frustrations with the mortgage borrowing process into co-founding Maxwell in 2015, Paasonen has been busy honing a technology-powered platform meant to delight borrowers with a streamlined experience for lenders. Scalable fulfillment built to empower community lenders.

Mortgage 448