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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.

Business 468
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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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NAR clarifies details on buyer broker agreements

Housing Wire

Additionally, the FAQ states that an agent is not working with a buyer if they are working only as an agent or subagent of the seller, or if the MLS participant is only performing ministerial acts without the expectation of being paid for these acts. It notes that the compensation must be “objectively ascertainable and not open-ended.” “For

Buyers 488
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9 savvy strategies to get more real estate referrals

Housing Wire

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. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.

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A complete guide to understanding pocket listings

Housing Wire

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. While Im sure there are instances where this is unfortunately the case, there are legitimate reasons why selling off-market is in the sellers best interest.

Sellers 397
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9 tips for homebuyers in non-disclosure states

Housing Wire

Attend open houses and talk to other homeowners to get a sense of the market dynamics in the area. While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller.

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Door knocking for real estate: The ultimate guide + scripts

Housing Wire

Depending on where youre located, these signs can be a matter of law, making soliciting technically considered trespassing. Script 2 – Open house close by Agent: Hi, how are you? Theyre currently selling their home, and we hosted an open house on [Date]. In truth, is someone going to call the cops on you?