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Brokers prepare for changes after Sitzer/Burnett commission lawsuit verdict

Housing Wire

Pearson also has concerns about what this will now mean for how she and her agents handle client meetings or how to word things on open house fliers. “I I am working with an attorney to figure out how we are going to talk to people that come into open houses and what language we use on open house fliers,” Pearson said.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

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The ‘double-edged sword’ of dual licensing

Housing Wire

Ken Sax, the designated real estate broker at Washington state-based Professional Realty Services International , said industry professionals are more likely to explore dual licensing opportunities during major shifts in the market. He did an open house on Sunday and had 70 people come through, but many were not prequalified yet.

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9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. If you are struggling to find open house attendees, it may be necessary to host an event to entice prospective buyers.

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9 Takeaways: What is Dual Agency in Real Estate?

Raleigh Realty

A third example is if a real estate agent is hosting an open house and meets a buyer who is interested in buying the home. Legal and ethical issues may also arise because the agent is working on their own without a second agent involved. Is Dual Agency Bad or Illegal in Some States? Of course, that is the worst-case scenario.

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Buyers, Don’t Make These House Hunting Mistakes!

Lamacchia Realty

They, along with your attorney , will also help you navigate through all the legal paperwork involved in purchasing a home. Obtain a mortgage pre-approval before going into any open house. The post Buyers, Don’t Make These House Hunting Mistakes! appeared first on Lamacchia Realty. September 9, 2021. Read More ».

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Divorce and Selling a Home: What You Should Know

Lamacchia Realty

Once an agent is hired, all parties will have to agree upon the mortgage broker , the list price, a showing and open house schedule, and as well the terms and timeline of the sale.