article thumbnail

Seller Concessions Adjustments Revisited

Appraisal Buzz

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. You just learned the basics of handling seller concessions!

Sellers 420
article thumbnail

Grella asks court to dismiss NEXA lawsuit over breach of contract, defamation

Housing Wire

NEXA accuses Grella of tortious interference when he sent messages to broker, seller and title company stating that the company was not authorized to purchase a five-acre airplane hangar leasehold in Mesa, Arizona, for $23.95 The communication caused the transaction to fail.

Contracts 275
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 innovative strategies to get more real estate seller leads in 2024

Housing Wire

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

article thumbnail

Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 470
article thumbnail

Northwest MLS takes aim at the DOJ’s commission views

Housing Wire

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

Sellers 452
article thumbnail

MLS PIN, Nosalek plaintiffs ask court for permission to respond to DOJ

Housing Wire

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued.

Legal 447
article thumbnail

Judge grants response for MLS PIN, Nosalek plaintiffs

Housing Wire

Saris will allow the Nosalek commission lawsuit plaintiffs and MLS Property Information Network (MLS PIN) defendants to file a response to the Department of Justice’s statement of interest. Boston-based U.S. District Court Judge Patti B. The parties have until March 28 to file their responses.

Legal 468