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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

So, let’s start with the basics: What is a real estate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent?

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How a luxury real estate agent fell for a listing scam

Housing Wire

We discussed the current market conditions and revisited the propertys previous listing history including that the last agent had failed to sell it, eventually pulling it off the market 60 days later. Unfortunately, the prior agents never reported the incident, allowing the scammer to attempt it again this time, through me.

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California AG charges first real estate agent with price gouging after LA fires

Housing Wire

California Attorney General Rob Bonta announced last week that criminal charges have been filed against a real estate agent who allegedly tried to price gouge a couple who lost their home in the Eaton fire. That blaze has consumed about 14,000 acres in the Altadena area north of LA.

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NAR and Top Agent Network agree to dismiss lawsuit

Housing Wire

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. This choice is allegedly removed due to NARs Clear Cooperation Policy , which requires agents to list the property on the MLS within 24 hours of marketing it.

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Commission facilitator RLTYco secures $20 million in Series A funding

Housing Wire

A startup that wants to help independent real estate agents and brokers manage the logistics of their business is getting a big boost. The funding gives agents and brokers access to all of RLTYcos services effective immediately. RLTY Legal gives users access to LegalZoom for setting up a business.

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Warren Buffett: Real estate agent commission structure “has worked out very well”

Housing Wire

Despite all of the changes Abel anticipates will occur he said he firmly believes that the real estate agent will remain “an important part of these transactions.” “It ” He also shared that he has never negotiated down an agent’s commission, despite his last home sale fetching an over $7 million price tag.

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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.