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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit. And that is positive.

Legal 365
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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

This deal follows a similar move in May to acquire South Carolina-based Carson Realty. William Raveis also acquired New England-based Molisse Realty Group in late 2023. Broadening our reach, we have a tremendous network supporting agents, buyers, and sellers at William Raveis,” they said in a statement.

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How to write creative real estate listing descriptions + examples

Housing Wire

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

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Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings. Instead, she allegedly submitted an offer for a competing buyer without disclosing this to him. On a call that day, Featherston admitted to plaintiff she lied and had it under contract herself with another buyer.

Agents 250
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Are the legal risks of private listing networks real?

Housing Wire

I think they’re inviting a class-action lawsuit by sellers who get hurt in this very concentrated effort and maybe a visit from the Department of Justice , Leo Pareja , the CEO of eXp Realty , said recently on his firms fourth-quarter 2024 earnings call with investors. Pareja isnt the only executive who feels this way.

Legal 348
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Real estate agents prepare for their own Olympics — the navigation of business practice changes

Housing Wire

have been busy training and preparing to be ready for Aug. Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS. Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS.

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Are AI real estate agents the future for homebuyers? These firms think so

Housing Wire

However, things have changed now and buyers have to have a separate buyer agreement. And if those fees can’t be negotiated into the transaction, the buyer is going to have to come out to pocket now in order to have a human Realtor represent them.” reAlpha is just one of the many AI agent platforms that have sprung up recently.