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Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. It might be surprising to learn that only 11% said that help with price negotiations is the No.
Commission questions, cost sensitivity Commission fees remain a central concern for sellers, especially in the wake of the National Association of Realtors (NAR) landmark settlement in 2024. More than half (52%) of surveyed sellers said theyve considered selling without an agent, with cost cited as the top reason.
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. Choi: If you look at how many Realtors buyers and sellers interviewed, 80% have interviewed only one agent. Are they asking about it?
The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. Its 100% true.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.
As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. Lowering commissions will not cause sellers to reduce their prices.
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.
In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Miller believes that agents who push sellers to use private listing networks are not doing their fiduciary duty.
More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.
The company was one of the first to come up with its own buyer broker agreement in response to the business practice changes outlined in the National Association of Realtors (NAR) nationwide commission lawsuit settlement agreement. To give every seller in America a clear view of whats at stake. Were modeling what leadership looks like.
In this weeks episode of the RealTrending podcast, host Tracey Velt sits down with Ohio Realtors President Michelle Billings , an agent at Coldwell Banker Realty in Montgomery, Ohio. Instead of talking about how many houses you sold, tell a specific story about how you helped a seller navigate multiple offers or an appraisal issue.
But because AI is about to reshape how buyers and sellers interact with listings entirely. Having a listing reach buyers directly through AI will be a win for buyers, sellers and agents. Buyers, sellers, and agents no longer need the MLS to facilitate or dictate compensationthey can negotiate it however they want.
We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. It is still a sellers’ market, just not the frenzy that it has been. Below I share some of my scripts for having those tough conversations with your sellers.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. 17 deadline, much of the industry concern was over how home buyers and sellers would react.
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Not only is this method popular, but it’s also well-regarded; 76% of sellers who worked with an agent felt their services were worth the cost.
This not only strengthens their pitch to sellers but also provides a level of assurance that the advice is well-rounded and informed. Sellers are more likely to trust a team’s consensus over a single agent’s opinion, making it easier to secure listings.
California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. Initially, CRMLS said it added these fields in preparation to deal with the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement.
Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country.
“Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. We think thats bad for sellers, its bad for buyers, and its bad for the market, Samuelson told HousingWire on Thursday. Its literally designed to protect sellers and buyers!
The debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy is raging on. It’s one thing to offer sellers the ability to list off MLS, but it’s a lawsuit waiting to happen if your agents are telling sellers it will increase the sales price of the home.
After months of debate, the National Association of Realtors (NAR) has made a decision about its contentious Clear Cooperation Policy. In an announcement on Tuesday, the trade organization unveiled its new Multiple Listing Options for Sellers policy.
So, when many in the real estate industry correctly anticipated changes to the agent commission structure — which were solidified by the National Association of Realtors’ (NAR) settlement following the jury verdict in the Sitzer/Burnett lawsuit nearly a year ago — there was quite a bit of fear about how first-time buyers would be impacted.
Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. According to the National Association of Realtors (NAR), only 24% of recent buyers were first-timers. Other agents reported that the NAR settlement complicated things for buyers and sellers.
High mortgage rates, low inventory and sky-high prices resulted in historically low sales at a time when agents are already wrestling with the changes related to the $418 million antitrust settlement signed by the National Association of Realtors (NAR). In the current climate, homebuilders have advantages over existing-home sellers.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market.
Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. Northwest MLS has declined to adopt those misguided, exclusionary rules.
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 have access to all offers. The portal could allow Compass to take advantage of the elimination or overhaul of the Clear Cooperation Policy (CCP), which requires seller agents to list a property on a Realtor-afflicated MLS within 24 hours of signing a listing agreement.
Top remodeling projects for homeowner satisfaction and cost recovery continue to vary as individuals remodel their homes for diverse reasons, according to the National Association of Realtors (NAR) and National Association of the Remodeling Industrys 2025 Remodeling Impact Report. first appeared on The MortgagePoint.
It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. Homie filed the suit in mid-August.
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule.
Held live from the National Association of Realtors ‘ (NAR) NXT Conference in Boston, the conversation covers broker leadership tips, the value of designations and certifications, and educational resources for real estate agents. We’re trying to say that buyers and sellers, in my opinion, are willing to pay you.
Commissions trended slightly lower following the National Association of Realtors (NAR) settlement , dropping from an average of 2.42% in March to 2.35% in August, when the new changes went into effect. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.
The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.
On the RealTrending podcast produced by HousingWire , host Tracey Velt chats with San Antonio-based Realtor Jessica Conrad in the final installment of JPAR Real Estate ’s four-part Settlement Strategy Playbook series. 17 business practice changes mandated by the National Association of Realtors ‘ (NAR) commission lawsuit settlement.
Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant. Compared to a month prior, contract signings fell 5.5%
The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct.
Redy , an online marketplace that rewards home sellers for selecting a real estate agent who best aligns with their sales goals, announced its launch in five markets on Tuesday. The Redy online platform is now available to home sellers in Atlanta , Dallas , Orlando , Phoenix and San Diego.
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.
RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area.
On Tuesday, at the preliminary approval hearing for defendant MLS Property Information Networks (MLS PIN) settlement, Judge Saris r efused to grant preliminary approval to the settlement as the plaintiffs and defendants were hoping to expand the class to include commercial property sellers and mobile home sellers.
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