Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. I know quite a few agents it hurt. The landmark date of Aug.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. All in all, my parents paid 4.5%

MLS 397

MLS Purchase and sale agreement Brokerage Closing 397

Housing Wire

JULY 30, 2024

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home.

Seller concession 459

Seller concession Purchase and sale agreement MLS Residential 459

Housing Wire

MARCH 25, 2024

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. Don’t panic. The executives said they received more than 150 questions.

Purchase and sale agreement 468

Purchase and sale agreement Agents Seller concession MLS 468

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. Heading into Aug. which is no longer in effect.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

APRIL 26, 2021

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.

Purchase and sale agreement 397

Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

Purchase and sale agreement 448

Purchase and sale agreement MLS Agents Brokerage 448

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

NOVEMBER 19, 2020

“ Because the practices have been widely adopted by NAR-affiliated MLS networks , they are “therefore, agreements among competing real estate brokers each of which reduce price competition among brokers and lead to lower quality service for American home buyers and sellers,” the complaint alleged.

Purchase and sale agreement 545

Purchase and sale agreement MLS As-is Sales 545

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry.

Purchase and sale agreement 435

Purchase and sale agreement Due diligence MLS Brokerage 435

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

Purchase and sale agreement 448

Purchase and sale agreement Agents MLS Inspection 448

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable. And before getting my real estate license in 2009, I had the same opinion, too.

Agents 353

Agents Purchase and sale agreement MLS Brokerage 353

Housing Wire

AUGUST 30, 2024

In an interview with TechCrunch , which first broke the news of Landian’s debut, Sitzer said his frustration with having to pay a 3% commission to a buyer’s agent on the sale of his Kansas City home in 2017, which his shared with his neighbor, who happened to be a lawyer familiar with the subject matter, prompted the lawsuit.

Purchase and sale agreement 459

Purchase and sale agreement Brokerage Agents Closing 459

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. She used Redfin agents for both listing and buying purposes.

Purchase and sale agreement 465

Purchase and sale agreement HR Agents MLS 465

Housing Wire

JUNE 10, 2021

Plaintiff has not supported its claim that there is any deception that is injuring a substantial portion of the purchasing public,” stated a Seattle federal court judge, Thomas Zilly. In order to get these feeds, Zillow had to comply with the vast majority of MLS’s that adopt the NAR’s “no commingling” rule.

Purchase and sale agreement 397

Purchase and sale agreement MLS Brokerage Residential 397

Housing Wire

OCTOBER 3, 2023

It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. Meaning, they were counting on buyer agent compensation to pay their bills. A major consequence of these cases is the potential scrapping of guaranteed shared compensation. Imagine that.

Purchase and sale agreement 435

Purchase and sale agreement Brokerage Agents MLS 435

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Purchase and sale agreement 370

Purchase and sale agreement Title Agents MLS 370

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Purchase and sale agreement 369

Purchase and sale agreement Title Agents MLS 369

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Self-paced online Gold Coast School $263 Classroom, livestream, or online MLS Campus Real Estate School $83.88 out of 5. out of 5. Course Access: Six months from the date of enrollment.

Purchase and sale agreement 468

Purchase and sale agreement MLS Pre-approval Agents 468

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. NAR is a scam,” one agent wrote. Would love for our MLS to not be a part of the organization.

Purchase and sale agreement 468

Purchase and sale agreement MLS Agents FHA loan 468

Housing Wire

MARCH 24, 2025

As a listing agent, showcasing your sellers properties in the absolute best light possible is a vital component of the service you provide them. The more buyers through the door, the more offers youll receive quickly and the higher the sale price will be. This can make a big difference for newer agents just starting out.

Purchase and sale agreement 203

Purchase and sale agreement Staging Due diligence Branding 203

Toronto Realty Blog

NOVEMBER 14, 2024

If the seller wants to include the garden shed out back, or the sectional couch in the basement that won’t fit up the stairs, then they might do so, and this would be noted in the “INCLUSIONS” section of the MLS listing. Do you see where this is going? But what if there’s more ? I agree with the spirit of the rule.

MLS 98

MLS Purchase and sale agreement Staging Agents 98

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. 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. But it’s a tough road to hoe. (AI

Loan Officer 488

Loan Officer Loans Agents Mortgages 488

HomeLight

MARCH 18, 2022

Using a flat fee MLS listing to potentially save thousands of dollars in real estate commissions could put that money directly in your pocket. Before you go the For Sale By Owner (FSBO) route, consider what real estate expert Joe Bourland says about being your own agent. What is a flat fee MLS listing service?

MLS 115

MLS Sales Purchase and sale agreement Agents 115

Toronto Realty Blog

FEBRUARY 20, 2025

“The history on MLS shows a ton of units being listed but nothing is shown as leased.” Matthew listed the property for lease on the MLS system but within two days, he received an email from a law firm. In this case, “advertising the listing” meant listing it on the MLS system.

Development 79

Development Purchase and sale agreement Pre-approval MLS 79

HomeLight

JULY 23, 2021

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. How do I know where a home is in the sales process?

MLS 111

MLS Backup offer Agents Purchase and sale agreement 111

BAM Media

JULY 23, 2024

BAM Key Details : In a letter to Colorado Association of Realtors CEO Tyrone Adams, Marcia Waters, the director for the real estate division within the Colorado Department of Regulatory Agencies, raised concerns about agents requiring consumers to sign a buyer representation agreement before touring a home. But it’s a compelling one.

Purchase and sale agreement 105

Purchase and sale agreement Brokerage Agents MLS 105

The Close

NOVEMBER 7, 2024

Build a network of reliable professionals like real estate agents, contractors, and property managers. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

NOVEMBER 2, 2022

Mentions of flat fee MLS companies and links in this post do not constitute an endorsement. If you’re considering selling your home without the help of a real estate agent, you may want to use a flat fee MLS service to reach potential buyers. What is a flat fee MLS listing service? Let’s get started. Get Estimate.

MLS 111

MLS Purchase and sale agreement Agents Sales 111

HomeLight

JANUARY 28, 2022

Most real estate agents get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average real estate agent commission rate nationwide is 5.8% The average real estate agent commission rate nationwide is 5.8% Find Agent.

Agents 119

Agents Purchase and sale agreement Brokerage MLS 119

HomeLight

DECEMBER 8, 2022

Links and mentions of Connecticut flat fee MLS listing companies should not be considered an endorsement. If you’re thinking about selling your Connecticut home without a real estate agent, it’s important to consider how you’ll effectively market your home to prospective buyers. That’s where flat fee MLS listing services come in.

MLS 105

MLS Purchase and sale agreement Agents Sales 105

Realty Biz

NOVEMBER 28, 2023

The Multiple Listing Service (MLS) is a vital resource in the real estate market. It provides a comprehensive database of properties available for sale, maintained by real estate brokers. Understanding MLS abbreviations is crucial when navigating property listings. What is the Multiple Listing Service?

MLS 104

MLS Purchase and sale agreement Sales Agents 104

HomeLight

OCTOBER 28, 2022

Links and mentions of Florida flat fee MLS companies in this post do not constitute an endorsement. If you’re considering selling your Florida home without the help of a real estate agent, you may want to use a flat fee MLS service to reach potential buyers. What is a flat fee MLS listing service? Let’s get started.

MLS 105

MLS Purchase and sale agreement Agents Sales 105

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. And now you’ve realized that even the listing agreement with your agent has expired. Where does that leave you?

Purchase and sale agreement 105

Purchase and sale agreement Staging Agents Brokerage 105