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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. Funny you should ask.

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With sale finalized, REcolorado names Dana Bennett as new CEO

Housing Wire

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. Bennett’s most recent role at the MLS was as vice president and chief business development officer, and she originally joined REcolorado as director of integrated solutions in 2012. The sale to Burks was made official last week.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms.

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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market.

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NFT mania and the future of the home sale

Housing Wire

Worldwide sales of non-fungible tokens, better known – of course – as NFTs, catapulted from $94.9 It also gives real estate agents ideas. Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. That’s when a 70-year-old brick home in the St.

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Batton plaintiffs look to block final approval of commission lawsuit settlements

Housing Wire

The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere , Keller Williams and RE/MAX on Thursday.