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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. And I am confused.

Business 465
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Denver’s housing market takes sharp turn toward buyers

Housing Wire

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers.

Buyers 451
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Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. However, 60% of sellers are open to trading some traditional real estate agent services for cost savings. In August, directly after the NAR settlement went into effect in most markets, Redfin reported that the typical U.S.

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The ‘double-edged sword’ of dual licensing

Housing Wire

Due to major policy changes from federal agencies and the proposed settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits, more companies and professionals are venturing into dual licensing — also called dual capacity. It’s something I didn’t anticipate, but I understand it.”

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As the market shifts to purchase, LOs get creative

Housing Wire

This advertising strategy, among a handful of others, has helped the LO connect with Russian-speaking Realtors and win the business of borrowers from former Soviet countries. “I Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021. trillion in 2021.

Marketing 417
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‘2021 all over again’: Agents get to work as spring homebuying arrives

Inman

who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner. On the first day of spring, agents across the U.S.

Agents 148
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17 Realtors® Go Back in Time: First Year Real Estate Advice

Raleigh Realty

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. I worked open houses, made daily calls to my database, and focused on my “sphere”.