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Top five questions to ask a potential real estate agent

Housing Wire

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. Do you have any references I can contact? More for Real Estate Enthusiasts.

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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195
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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Redfin refers to these listings as “stale inventory.” The homes that went under contract took 43 days to do so the slowest pace since 2019. “I explain to sellers that their house will sit on the market if its not fairly priced. There is some hope for potential buyers and sellers if mortgage rates decline.

Inventory 397
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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 420
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 376
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Real Estate Referral Fees: The Ultimate Guide for 2024

Housing Wire

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. It’s a win-win! How much are real estate referral fees?

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CMLS looks to weigh in on the DOJ’s statement of interest

Housing Wire

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 412