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United Real Estate settles the commission lawsuits

Housing Wire

The company said in a statement that the settlement was the “best course of action as it will save United Real Estate significant legal fees and allow the company to move forward.” The National Association of Realtors has also reached a nationwide settlement of the commission suits.

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Fathom is the latest brokerage to settle the commission lawsuits

Housing Wire

Additionally, Fathom noted that as part of the settlement it has agreed to adhere to the rule and business practice changes outline in the National Association of Realtors’ nationwide commission lawsuit settlement agreement.

Brokerage 439
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‘Real Estate Insiders’ role play buyer and seller objections

Housing Wire

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. But there is a risk that offers of compensation could disappear.

Sellers 453
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Title insurers reckon with attorney opinion letters

Housing Wire

When they talk about reducing closing costs for underserved communities, these people need title insurance more than anybody else because while $10,000 in legal fees may be doable for someone who owns a $4 million house, it is a struggle for someone who owns a $140,000 house.”.

Insurance 397
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CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common!

Lamacchia Realty

For starters most REALTORS and buyers, at least in the Northeast, refer to them as a Closing Cost Credit. This is just one of the methods that buyers and sellers are using to ensure that their REALTORS are paid in this new environment. CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common!

Sellers 72
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Do I Need a Property Manager to Rent My Single Family Home?

Eppraisal

In addition, management companies and realtors who specialize in this area maintain networks of contractors and tradespeople who will swiftly attend to any repairs or renovations the property needs. Leasing can sometimes take an entire month's rent while renewal often hovers around $200 as a fixed fee, assuming a monthly rent of $2,000.

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How to Avoid Capital Gains Tax on a Home Sale

Will Springer Realtor

“The problem is that in 1997, when the maximum exclusion levels were added to the tax code, they were not indexed to inflation,” says Evan Liddiard, CPA, director of federal tax policy for the National Association of Realtors® (NAR). Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.