Housing Wire

MARCH 25, 2024

Cooperative compensation is still legal,” Papasan stressed. From there, the executives went on to address questions of where and how agents could advertise offers of cooperative compensation. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 414

Agents Advertising Real Estate Sellers 414

Housing Wire

FEBRUARY 6, 2024

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. In January 2022, NAR filed a countersuit claiming that REX uses false advertising and misleading claims to deceive consumers in violation of the Lanham Act, but the countersuit was dismissed in late April 2022.

Advertising 390

Advertising Real Estate Brokerage Agents 390

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

Advertising 406

Advertising Legal Law Real Estate 406

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. Two months prior, in January 2021 , Zillow began moving homes out of its initial search results for sellers who chose not to use agents adhering to the NAR and local multiple listing service (MLS) practices.

Advertising 359

Advertising Legal Brokerage Realtors 359

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. We knew there had to be an efficient way of handling this sort of communication.” From this, HomeKick was born.

Buyers 440

Buyers Realtors Agents Sellers 440

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. Solicitors are legally required when purchasing a home in Ireland.). The costs and other headaches also add up. And expedient.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

OCTOBER 29, 2024

According to Wang, sellers who have also been buyers in recent years — barring them from filing claims against the settling parties as buyers if they are part of the settlement class — would be better off if they could bring claims under state consumer protection statutes or false advertising statutes. “In

Sellers 426

Sellers Brokerage Real Estate Legal 426

Housing Wire

SEPTEMBER 17, 2024

“Everyone is adapting and coming up with business models and trying to settle in, and I think we are going to know a lot more about how this is going to really work a year from now,” said Matt Johnson, NHAR’s legal counsel. “So, If we are listing agents, we can’t share our compensation unless the seller instructs us to do that.

Agents 410

Agents Sellers Buyers Realtors 410

Housing Wire

MARCH 15, 2024

Cooperative compensation lives to see another day Under the terms of the settlement agreement, while sellers and their listing agents cannot advertise the commission they are choosing to offer the buyer’s agent on the MLS, it can still be part of negotiations between the buyer and the seller facilitated by their respective agents.

Agents 459

Agents Brokerage Advertising Real Estate 459

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 464

Agents Sellers Realty Buyers 464

Housing Wire

SEPTEMBER 26, 2024

The majority of agents (60%) also reported that they do not like that they can no longer advertise offers of buyer agent compensation on the MLS , while 20% like the change. When it comes to commission rates, listing agents say they hope to have their seller offer an average of 2.6%

Real Estate Agent 446

Real Estate Agent Real Estate Agents Buyers 446

Housing Wire

OCTOBER 25, 2023

It’s a negotiation with the seller.” However, he said this might not be in the best interest of the seller. It’s in the best interest of the seller to have as many buyers as possible.” The seller’s agent then finds a buyer at their local church and receives a $9,000 commission.

Sellers 421

Sellers Realtors Agents Buyers 421

Housing Wire

AUGUST 7, 2023

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. However, Zilly felt that Zillow had not demonstrated that REX is unable to satisfy the test for commercial advertising or promotion. On Friday, Judge Thomas Zilly, the U.S.

Advertising 281

Advertising Law Brokerage Sellers 281

Housing Wire

SEPTEMBER 23, 2024

Suppose someone with a real estate license identifies a potential homebuyer or seller. Yet, referral fees between agents remain legal and largely concealed from consumers. Inflated referral fees contribute to escalating advertising costs, making it harder for agents to connect directly with clients.

Real Estate 389

Real Estate Agents Clients Advertising 389

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. This process can include a variety of strategies and methods, such as cold calling, direct mail campaigns, online advertising, social media marketing, community engagement, and networking events. Why not join them?

Real Estate 421

Real Estate Tools Real Estate Agent Open Houses 421

Housing Wire

JUNE 17, 2024

Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. The listing portal argues that since sellers have an agent looking out for their best interests, buyers also deserve the same level of support.

Real Estate 407

Real Estate Buyers Advertising Agents 407

Housing Wire

JUNE 19, 2023

“Senators Lummis and Smith were concerned by recently reported allegations that some franchises of HomeVestors of America, commonly recognized by their advertising catchline, ‘We Buy Ugly Houses,’ were targeting elderly and ill homeowners,” the senators said in a joint statement.

Business 318

Business Advertising Sellers Legal 318

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

Inspection 458

Inspection Appraisal Appraisal Process Buyers 458

Housing Wire

JULY 1, 2024

In its statement of interest, the DOJ claims that the changes MLS Property Information Network (MLS PIN) proposed for its commission rule “still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers. … When sellers make such offers, buyer brokers need not compete on price to attract buyers.’”

Buyers 324

Buyers Law Sellers Advertising 324

Housing Wire

OCTOBER 8, 2024

In its suit, the DOJ claimed the policy restrained “competition from brokers who use the Internet to more efficiently and cost effectively serve home sellers and buyers.” REX alleged that Zillow was engaging in false advertising by doing this.

Real Estate 394

Real Estate Brokerage Realtors Legal 394

Housing Wire

AUGUST 4, 2023

Yes, you should certainly be able to post an impressive listing and understand the ins and outs of closing, but helping buyers and sellers means cultivating a diverse set of skills to navigate a complex and ever-changing real estate market. It’s not just a simple business transaction for these sellers and buyers.

Real Estate Agent 340

Real Estate Agent Real Estate Agents Clients 340

Housing Wire

OCTOBER 31, 2024

Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so. Otherwise, NextHome agents are telling buyer’s agents to ask for compensation in their offer and the seller can consider it. At NextHome, agents are no longer engaging in cooperative compensation.

Real Estate 373

Real Estate Brokerage Agents Training 373

Housing Wire

JULY 9, 2024

Just this week, I have spent time with successful people in the following pursuits: Technology consulting, software development, real estate sales, building construction and contracting, the law, nuclear physics innovation, advertising, medical sales, and product innovation. Also, architecture, store management, and payments services.

Real Estate Agent 384

Real Estate Agent Real Estate Agents Training 384

Housing Wire

DECEMBER 27, 2024

Sellers agents: Listing agents specialize in representing sellers. Marketing specialists: Marketing specialists handle the teams branding and advertising efforts. Teams that use Ylopo can give their agents a serious edge when it comes to reaching more buyers and sellers and turning leads into deals.

Real Estate 361

Real Estate Tools Agents Real Estate Agent 361

Housing Wire

MARCH 21, 2024

We will also have a concessions field that will be a multi-layered field that will allow for a checkbox if the seller is willing to consider concessions as part of the offer. “We “We are in the process of putting together some white papers about how we think that the field should be rolled out,” Carter said. “We

Realtors 389

Realtors Agents Real Estate Logistics 389

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. Yet more can be done to ease that 45-day average.

HOA 439

HOA Property Management Real Estate Agent Technology 439

Housing Wire

APRIL 3, 2024

CoStar has not been quiet about its goal to surpass Zillow, even running a series of advertisements during this year‘s Super Bowl to boost brand awareness. If I am marketing for a seller that wants to offer a co-broker commission, undoubtedly I am going to still be on Homes.com, Zillow and Realtor.com,” Murray said.

Real Estate 389

Real Estate Agents Buyers Business 389

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. Yet more can be done to ease that 45-day average.

HOA 430

HOA Real Estate Agent Technology Real Estate 430

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

McKissock

AUGUST 5, 2020

A 2016 Florida Realtors® forum asked: “Can a Realtor® advertise his/her home for sale as a FSBO with no intention of actually selling, but to only attract buyers for the agent’s services?” In addition, such false advertising also violates Florida laws because it is false, deceptive, and misleading.

Advertising 95

Advertising Realtors Real Estate Agents 95

Housing Wire

APRIL 27, 2023

“[Blackbird] then used its proprietary ‘lookback’ technology to access pre-renovation images of the homes from a multiple listing service and compare them with post-renovation images from the rental advertisements.”

Renovations 292

Renovations Investing Real Estate Marketing 292

McKissock

MAY 15, 2023

Don’t assume that because you know real estate from an appraiser’s perspective, that you can represent buyers or sellers successfully.) Consider the cost of advertising. If you’re taking over an existing business—especially if you’re working primarily with banks—your advertising budget will probably be small.

Business 71

Business Appraisal Advertising Real Estate 71

Eppraisal

AUGUST 19, 2022

However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well. Home values are still rising; however, sellers should still be putting forth their best efforts to sell safe and defect-free homes. Resolving the issues ahead of time is a smart and more legally-sound idea.

Inspection 68

Inspection Sellers Advertising Home Value 68

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. What these sellers fail to recognize is that although FSBOs don’t require a commission, the homes typically sell for much less than if a REALTOR® handled the transaction.

Realtors 67

Realtors Real Estate Agent Sellers Realty 67

Hank Miller Team

JULY 2, 2023

Advertising, especially in real estate, always pushes the boundaries, but there is an expectation that the information presented is factually accurate. Accuracy in Real Estate Listings Matters: Legal Implications: Providing inaccurate information could lead to legal issues.

Real Estate 52

Real Estate Legal Advertising Real Estate Agent 52

Hank Miller Team

AUGUST 26, 2024

In Georgia, the changes are mainly administrative and have most to do with advertising buyer agent compensation. The main changes in Georgia were added transparency in the forms, further clarity on payment of agent compensation, and that MLS services no longer advertise if the seller is offering buyer agent compensation.

Realtors 40

Realtors Advertising Contracts Sellers 40

Eppraisal

DECEMBER 23, 2022

We'll now dissect the entire real estate transaction from the perspective of the seller. In some areas, buyers and sellers have real estate attorneys. If you have an attorney, he will represent you through this legal process. Be prepared to negotiate their requests. Your agent will guide you through this.

Real Estate 36

Real Estate Sellers Inspection Contracts 36