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Are the legal risks of private listing networks real?

Housing Wire

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. Restraint on trade?

Legal 374
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Compass clients solicit class action suit against NWMLS

Housing Wire

Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. Northwest MLS has declined to adopt those misguided, exclusionary rules.

Clients 231
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

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How a luxury real estate agent fell for a listing scam

Housing Wire

The seller mentioned they were now living out of state and wanted to re-evaluate their approach with a new agent, potentially adjusting both the price and marketing strategy. Their Hotmail email address used their name nothing seemed suspicious there and while their phone number was unlisted, which wasnt unusual for higher-profile clients.

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Final Offer launches private market listings feature for off-market sales

Housing Wire

Final Offer’s new feature gives agents a new avenue of communication with clients looking for unique listings. According to the company, PX allows agents to share “pre-market” and “off-market” properties with clients via a private channel. Some agents call any non-MLS listings “ pocket listings.”

Marketing 370
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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Earnouts From Sellers perspective, earnouts can be an opportunity to be paid more for the business over a period of time or, alternatively, an unnecessary holdback of part of the purchase price. To backstop some of those indemnification obligations, there will likely be an indemnification escrow agreement.

Mortgage 415
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JPAR’s Jessica Conrad on seller consultations and how agents can demonstrate value

Housing Wire

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. Velt chimes in and shares how important it is to be transparent with sellers.

Sellers 448