Housing Wire

JANUARY 14, 2025

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. This choice is allegedly removed due to NARs Clear Cooperation Policy , which requires agents to list the property on the MLS within 24 hours of marketing it.

Agents 370

Agents Legal Real Estate Agent Realtors 370

Housing Wire

JULY 17, 2024

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. Zorn explained how he would approach a seller in the new market.

Sellers 458

Sellers Real Estate Buyers Legal Fees 458

Housing Wire

JULY 28, 2023

Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Demonstrate your values to customers Buyers and sellers want more than just transactional relationships with their agents.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Housing Wire

JANUARY 29, 2025

Through the investigation, the attorney generals office learned that after being evacuated in the Eaton fire, the family contacted their real estate agent to find a rental property and inquired about a home in Glendale. Bontas office filed charges against another agent last Wednesday.

Real Estate Agent 335

Real Estate Agent Real Estate Landlords Agents 335

Housing Wire

OCTOBER 3, 2024

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. She also explores JPAR’s agent training and resource efforts.

Sellers 447

Sellers Agents Training Clients 447

Housing Wire

AUGUST 21, 2024

For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. The seller basically told them to drop dead,” O’Koniewski said. “So,

Sellers 482

Sellers Agents Real Estate Buyers 482

Housing Wire

DECEMBER 4, 2024

The National Association of Realtors (NAR) may have had its home seller commission lawsuit settlement agreement approved , but that does not mean it is free from the homebuyer commission lawsuits. Last week, as Judge Stephen R.

Real Estate Agent 391

Real Estate Agent Realtors Real Estate Realty 391

Housing Wire

DECEMBER 27, 2024

Our goal is to help educate you on what a real estate team is, how they work and the types of agents who thrive on teams. How do real estate teams work? These roles include: Buyers agents: These agents focus on helping clients purchase a new home. Take your time and review the document thoroughly.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

AUGUST 1, 2024

While learning the forms has been an integral part of many brokerages’ training efforts, agents say the role-playing exercises they have engaged in to practice buyer and seller presentations, along with answering buyer and seller questions, have been valuable.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

JANUARY 27, 2025

The fact is, real estate agents do more than just sign the dotted lines for their clients. Studies show agents spend 87 hours on average during a purchase deal, navigating more than 200 outcomes to drive a transaction toward success. For buyers, focus on delivering second-to-none service and support.

Real Estate 397

Real Estate Clients Technology Agents 397

Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

Sellers 448

Sellers Buyers Agents Law 448

Housing Wire

DECEMBER 16, 2024

The past year had its fair share of ups and downs for Howard Hanna Real Estate Services. The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades.

Real Estate 368

Real Estate Brokerage Agents Buyers 368

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions.

Agents 458

Agents Legal Real Estate Agent Buyers 458

Housing Wire

SEPTEMBER 5, 2024

Department of Housing and Urban Development ( HUD), state attorneys general and fair housing organizations to start applying this legal framework to homebuyers FHA loans accounted for 15.6% of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. Many of the best real estate CRMs have built-in features to segment your contacts list and automate your real estate newsletters.

Real Estate 396

Real Estate Clients Tools Sellers 396

Housing Wire

JULY 2, 2024

The district court applied an incomplete legal framework in evaluating whether REX had presented a genuine dispute of material fact on concerted action in this case,” the filing states. On Tuesday, the CFA announced it had also sent an analysis of CAR’s seller agreement to the DOJ. forms will try to get around the NAR settlement.

Legal 468

Legal Real Estate Realtors Sellers 468

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.” It would also inevitably lead to even more dark grey areas in RESPA compliance.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

Real Estate Agent 476

Real Estate Agent Sellers Buyers Real Estate 476

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. “I

Legal 456

Legal Real Estate Real Estate Agent Law 456

Housing Wire

JUNE 11, 2024

In a legal brief filed on Monday, MLS Property Information Network (MLS PIN) made it clear that it does not agree with the Department of Justice ‘s position on the banning of cooperative compensation, as outlined in the DOJ’s statement of interest in the Nosalek commission lawsuit. District Court in Boston.

Legal 459

Legal Law Real Estate Real Estate Agent 459

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

OCTOBER 27, 2023

Real estate commissions always have fluctuated given the market conditions and, according to RealTrends , commission rates are currently well below where they were in the ‘90s. Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

AUGUST 22, 2024

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

Realtors Buyers Brokerage Real Estate 482

Housing Wire

JULY 30, 2024

Many times, the home the agent is listing is not the perfect fit for the buyer, so the listing agent can offer their expertise in the market to the buyer as a buyer’s agent and find a better house for the client and earn another commission. The most important asset an agent has is their reputation.

Agents 453

Agents Real Estate Agent Real Estate Buyers 453

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 435

Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” It is not required for a seller to compensate a buyer’s agent.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Brokerage 435

Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

Legal 482

Legal Realtors Agents Brokerage 482

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. Solicitors are legally required when purchasing a home in Ireland.). The costs and other headaches also add up. And expedient.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. However, it might save both parties money on Realtor fees.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

MAY 21, 2024

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area.

Real Estate Agent 487

Real Estate Agent Real Estate Inspection Valuation 487

Housing Wire

JANUARY 9, 2025

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. What is a pocket listing in real estate? The pros & cons of pocket listings for agents Potential to double-side.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Appraisal Buzz

JUNE 17, 2024

Understanding the Settlement The lawsuit that prompted this settlement was initiated by seller who felt they were unfairly treated in the real estate commission process. Traditionally, it has been expected that when hiring an agent to assist in selling a home, there would also be a 3% commission to the seller agent.

Appraisal 370

Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. There are numerous methods an agent can use to prospect, some traditional and others that leverage technology. Here are some different methods that real estate agents use to prospect for leads.

Real Estate 476

Real Estate Tools Real Estate Agent Open Houses 476

Housing Wire

AUGUST 9, 2024

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17.

Real Estate 448

Real Estate Advertising Legal Agents 448

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

Real Estate Agent 455

Real Estate Agent Realtors Real Estate Sellers 455