Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

JULY 12, 2024

The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.

Realtors 475

Realtors Legal Agents Law 475

Housing Wire

SEPTEMBER 27, 2024

This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Sellers 511

Sellers Agents Buyers Brokerage 511

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Buyers will also be required to sign a representation agreement outlining the amount they will pay their agent for their services.

Buyers 523

Buyers Real Estate Real Estate Agent Brokerage 523

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. The buyers who are in the market are shopping for the usual reasons.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

JULY 26, 2024

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.

Tools 459

Tools Buyers Agents Contracts 459

Housing Wire

MAY 20, 2024

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. Here is an example of how that might work.

Buyers 461

Buyers Agents Counter Offer Sellers 461

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. Nesthook has not been created by the National Association of Realtors, any Realtor Association or MLS.

Buyers 459

Buyers Realtors Agents Sellers 459

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn stated that he would not offer or accept compensation from an agent.

Sellers 458

Sellers Real Estate Buyers Legal Fees 458

Housing Wire

JULY 24, 2024

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area.

Realtors 467

Realtors Tools Real Estate Agent Real Estate 467

Housing Wire

NOVEMBER 22, 2024

Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. District Court for the Eastern District of Michigan.

Realtors 370

Realtors Real Estate Real Estate Agent Agents 370

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. Heading into Aug. which is no longer in effect. Hampe Associates.

Buyers 468

Buyers Sellers Agents Contracts 468

Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers. Department of Veterans Affairs (VA) would be disadvantaged.

Buyers 448

Buyers Real Estate Realtors Agents 448

Housing Wire

OCTOBER 1, 2024

REcore , a software-as-a-service and data licensing solutions provider for multiple listing services (MLSs), has announced the launch of its new MLS Buyer Registry tool. According to the announcement, the product is designed to address potential issues regarding buyer and agent compliance with the newly mandated buyer agency agreements.

Tools 430

Tools Buyers Agents Real Estate 430

Housing Wire

SEPTEMBER 17, 2024

The role of the buyer’s agent has been turned on its head and Lone Wolf Technologies wants to help. The real estate software company is launching a “Buyer’s Agent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training.

Design 420

Design Tools Agents Buyers 420

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

NOVEMBER 4, 2024

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. In a bidding war, cash buyers and investors will win, and first-time buyers will lose.

Buyers 321

Buyers Sellers Agents Real Estate 321

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents Buyers Real Estate Agent Sellers 476

Housing Wire

SEPTEMBER 5, 2024

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S. mortgage market in 2023, up from 14.3%

Buyers 474

Buyers Real Estate Agent Inspection Real Estate 474

Housing Wire

AUGUST 30, 2024

The proposed settlement between the National Association of REALTORS ( NAR ) and class-action litigants has prompted much discussion about a series of practice changes affecting compensation for real estate professionals. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage.

Finance 448

Finance Buyers Agents Insurance 448

Housing Wire

OCTOBER 15, 2024

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

Construction 488

Construction Buyers Agents Marketing 488

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, per the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement. It needs to be seller directed,” Srivatsaa said of offers of buyer broker compensation.

Sellers 468

Sellers Buyers Agents Advertising 468

Housing Wire

JULY 18, 2024

And I want to assure you that I will leave no stone unturned to find our perfect buyer. and Mrs. Seller, I am delighted to have the opportunity to represent you in the sale of your home. I have every reason to sell the property for the highest price possible because then I make more and you are happier!” “Now

Sellers 442

Sellers Realtors Counter Offer Tenants 442

Housing Wire

OCTOBER 28, 2024

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.

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

AUGUST 1, 2024

In this tantalizing conversation, Collins and Neuberger survey the CMO’s path into marketing , his experience and approach to the field, brand presence, social media and Realtor.com’s recent buyer agency advocacy campaign. The duo start the conversation by diving into Neuberger’s background and experience before his role at Realtor.com.

Buyers 444

Buyers Real Estate Agents Clients 444

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

Inventory 432

Inventory Buyers Agents Inspection 432

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. However, it seems sense that buyers are hesitant to sign papers when they visit properties. I showed a $4.75

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

Sellers 448

Sellers Buyers Agents Law 448

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

JUNE 11, 2024

The National Association of Realtors addressed concerns of agent steering in its latest update to its commission lawsuit settlement FAQs. That’s because the buyer’s agent will already know their compensation on the transaction as it must be outlined in the buyer representation agreement.

Realtors 448

Realtors Sellers Agents Buyers 448

Housing Wire

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

Realtors 444

Realtors Real Estate Sellers Agents 444

Housing Wire

AUGUST 22, 2024

The predicted Realtor apocalypse never happened. Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. Instead of chaos and calamity, we’ve seen the resilience of Realtors and conviction of consumers. And guess what?

Real Estate 476

Real Estate Realtors Contracts Agents 476

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 526

Marketing Sellers Buyers Realtors 526