Housing Wire

AUGUST 22, 2024

The predicted Realtor apocalypse never happened. Instead of chaos and calamity, we’ve seen the resilience of Realtors and conviction of consumers. Instead of chaos and calamity, we’ve seen the resilience of Realtors and conviction of consumers. Realtors in Indiana aren’t in chaos after the changes.

Real Estate 476

Real Estate Realtors Contracts Agents 476

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In comparison, in 2011, homes took 96 days to sell. .

Realtors 418

Realtors Housing Market Marketing Buyers 418

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 which is no longer in effect.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

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. She is also filing the suit as both a home seller and a homebuyer. District Court for the Eastern District of California in Sacramento.

Realtors 466

Realtors Agents Sellers Real Estate 466

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We pending home sales rose 5.9% million, a 1.1% gain compared with 2019.

Contracts 501

Contracts Realtors New Listings Real Estate 501

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. In a seller’s market, that may well occur.

Buyers 465

Buyers Agents Counter Offer Sellers 465

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

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

Real Estate Agent 458

Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

SEPTEMBER 17, 2024

DC Attorney General Brian Schwalb accused Curbio of defrauding homeowners by luring them into contracts that allowed the company to pilfer their home equity over minor violations. The AG also accused the company of acting as an unlicensed lender and performing subpar renovations.

Renovations 434

Renovations Realtors Real Estate Agent Contracts 434

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

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

Realtors 448

Realtors Contracts Real Estate Agents 448

Housing Wire

JANUARY 3, 2023

according to data released last Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9,

Contracts 511

Contracts Housing Market Realtors Construction 511

Housing Wire

AUGUST 10, 2020

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. The South followed, at 20%; the Northeast at 13%; but the West actually declined, by 4%. Now, agents are showing and selling nonstop.

Agents 544

Agents Business Inventory Real Estate Agent 544

Housing Wire

MARCH 28, 2024

The change enabled greater flexibility and choice for sellers when listing a property and gave buyers and buyers’ brokers a vehicle for negotiating for compensation when making an offer to purchase,“ NWMLS wrote in the filing.

Sellers 457

Sellers Contracts Buyers Realtors 457

Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. in September. All four major U.S.

Contracts 528

Contracts New Listings Realtors Housing Market 528

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Real Estate 459

Real Estate Sellers Buyers Agents 459

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? You have to make sure you are on the same page.”

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

AUGUST 9, 2024

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17.

Real Estate 448

Real Estate Advertising Legal Agents 448

Housing Wire

FEBRUARY 28, 2024

PRO TIP: If you want scroll-stopping hooks and educational content like this without the writer’s block, check out the marketing company who wrote it: Coffee & Contracts. All created by Realtors, for Realtors. Visit Coffee & Contracts 3. As a Realtor, you have endless opportunities for content creation.

Real Estate 482

Real Estate Marketing Tools Contracts 482

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% in February, up from 74.3

Inventory 482

Inventory Realtors Contracts Sellers 482

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

DECEMBER 16, 2022

The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise. offers, according NAR’s REALTORS® Confidence Index. For the last two years, in many markets, sellers could expect an offer quickly and above list price in many instances.

Buyers 497

Buyers Realtors Inventory Sellers 497

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

AUGUST 16, 2024

The founders intend the platform to provide transparency to a market upended by the settlement of antitrust lawsuits by the National Association of Realtors (NAR) and major brokerages. The company said that buyer agents can produce compliant offers and contracts in seconds, from any digital device, with its Contracts AI tool.

Real Estate 468

Real Estate Real Estate Agent Contracts Brokerage 468

Housing Wire

MARCH 27, 2024

At the time, the defendants in the suit, which included HomeServices, as well as the National Association of Realtors , Keller Williams , Anywhere , and RE/MAX , requested that the Eighth Circuit court of appeal review the class certification order. The Eighth Circuit refused this request. HomeServices did not return a request for comment.

Law 459

Law Sellers Realtors Contracts 459

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

AUGUST 30, 2024

Pardon if my words convey a dash of sarcasm yet, after over four decades of helping buyers and sellers and running two of the largest brokerage companies in the world, I am compelled to read missives of the misinformed as they pop corks in celebration. This compensation may be fully or partially offset by the seller.

Real Estate 463

Real Estate Sellers Buyers Brokerage 463

Appraisal Buzz

OCTOBER 30, 2024

The National Association of REALTORS (NAR) reports that pending home sales increased in September. increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8,

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

MARCH 29, 2024

The association notes in the draft of its proposed brief that its interest in the “proposed settlement stems from the fact, as DOJ highlights, that “several pending cases” are adjudicating MLSs’ adoption of the mandatory-compensation rule of the National Association of Realtors or similar policies.”

Sellers 459

Sellers Real Estate Buyers Contracts 459

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

Agents 448

Agents Sellers Buyers Realtors 448

Housing Wire

MARCH 19, 2024

million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. The plaintiffs then subtracted the $626.5

Sellers 446

Sellers Law Realtors Contracts 446

Housing Wire

OCTOBER 1, 2024

The role and value of real estate agents has come under scrutiny since the National Association of Realtors (NAR) settled a bevy of antitrust lawsuits related to offers of agent compensation on Realtor-owned multiple listing services (MLSs). But Rayse also plans integration for seller agents sometime in 2025.

Agents 448

Agents Real Estate Agent Brokerage Real Estate 448

Housing Wire

AUGUST 14, 2024

But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday. “We He sees his role in the transaction as simply ensuring the seller stays in compliance with laws and regulations.

Agents 448

Agents Sellers Buyers Contracts 448

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. Under CCP, listing brokers have two days from the signing of the listing contract to input the listing in the MLS as “registered,” “coming soon” or “active.”

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Appraisal Buzz

OCTOBER 31, 2024

Commissions trended slightly lower following the National Association of Realtors (NAR) settlement , dropping from an average of 2.42% in March to 2.35% in August, when the new changes went into effect. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

Realty 448

Realty Real Estate Law Brokerage 448