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RE/MAX launches commerce media network

Housing Wire

RE/MAX Holdings , the parent company of real estate franchisor RE/MAX and mortgage franchisor Motto Mortgage , is getting into the advertising game. According to the company’s announcement, the new commercial media network will leverage RE/MAXs digital ecosystem to provide advertisers with a new platform to connect with consumers.

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How will listing agents share seller offers of buyer broker compensation off the MLS?

Housing Wire

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

Sellers 468
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Buyers & Sellers Respond to Recent NAR Reforms  

Appraisal Buzz

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement. I showed a $4.75

Sellers 397
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eXp Realty’s forms leave the choice to offer buyer broker compensation to sellers: Pareja

Housing Wire

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. However, the firm says this does not mean it is unwilling to work with buyer’s brokers. But it will be their sellers who make the decision on an offer of compensation to a buyer broker.

Sellers 448
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CRMLS removes seller concession fields from platform

Housing Wire

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. One such change outlined in the settlement is the banning of offers of buyer broker compensation from the MLS. Additionally, CAR’s updated RLA form does not include any references to seller concessions.

Sellers 459
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Opinion: Navigating buyer agent compensation

Housing Wire

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. In a seller’s market, that may well occur.

Buyers 466
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Agents are prepping sellers for a greater variety of offers

Housing Wire

For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. The property had been listed for three months and was not advertised as offering any concessions.

Sellers 482