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Consumer watchdog holds up new eXp seller contract as model

Inman

A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America, the watchdog group said this week.

Contracts 183
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eXp Realty’s forms leave the choice to offer buyer broker compensation to sellers: Pareja

Housing Wire

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. But it will be their sellers who make the decision on an offer of compensation to a buyer broker. They are set by each broker individually and may be negotiated between Seller and Broker.”

Sellers 442
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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 470
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Curbio settles fraud case; NAR partnership remains in place

Housing Wire

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. Curbio also has partnerships with HomeSmart , eXp Realty and RE/MAX Gold. NAR declined to comment on the situation.

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Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482
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To sue or not to sue: How buyer’s agents should prepare for commission disputes with clients

Housing Wire

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 461
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’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement

Housing Wire

In the other are sellers who are choosing to advertise the buyer broker compensation they are offering in all allowable channels.” If your listing agreement has a number there and you aren’t disclosing it when your seller said you can, then we have an ethical issue.” It is a seller decision, not an agent decision.”

Agents 423