Housing Wire

OCTOBER 1, 2024

“No person shall give, and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.” ” 12 U.S.C.

Purchase and sale agreement 436

Purchase and sale agreement Agents Brokerage Loans 436

Housing Wire

MARCH 15, 2024

Also, fields displaying broker compensation on MLSs must be eliminated, there is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation and buyers’ agents must have written agreements. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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 450

Purchase and sale agreement MLS Agents Brokerage 450

Housing Wire

FEBRUARY 2, 2024

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

Purchase and sale agreement 493

Purchase and sale agreement Agents Closing Brokerage 493

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. The landmark date of Aug.

Purchase and sale agreement 477

Purchase and sale agreement Agents MLS Seller concession 477

Housing Wire

MAY 8, 2024

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.

Purchase and sale agreement 443

Purchase and sale agreement Residential Brokerage Development 443

Housing Wire

AUGUST 30, 2024

Pardon if my words convey a dash of sarcasm yet, after over four decades of helping buyers and sellers and running two of the largest brokerage companies in the world, I am compelled to read missives of the misinformed as they pop corks in celebration. I hold a contrarian perspective. More complication and uncertainty.

Purchase and sale agreement 433

Purchase and sale agreement Brokerage Agents As-is 433

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. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

Purchase and sale agreement 398

Purchase and sale agreement Agents Brokerage MLS 398

Housing Wire

JULY 19, 2023

This may be the result of fewer listings and slower sales, but we do not know for certain. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Confirm that your brokerage documents (e.g.,

Purchase and sale agreement 360

Purchase and sale agreement Brokerage Agents Sales 360

Housing Wire

FEBRUARY 1, 2025

HomeLight notes that this is becoming more common for existing-home sales. HomeLight also highlighted an increase in cash-only purchases as a factor that’s keeping first-time buyers away from the market, as they must compete with all-cash buyers and real estate investors. 30 and Nov.

Purchase and sale agreement 384

Purchase and sale agreement Mortgages Agents Brokerage 384

Housing Wire

JULY 17, 2024

Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase. Dramatic change is what it means.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation offers can also be — and should be, if the client wishes — included in purchase agreements.

Purchase and sale agreement 467

Purchase and sale agreement Agents Seller concession MLS 467

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

AUGUST 31, 2023

and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers. In addition, Davis claims that franchisees were required to purchase Keller’s books.

Purchase and sale agreement 436

Purchase and sale agreement Brokerage Technology Marketing 436

Housing Wire

JUNE 20, 2023

The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. In this business practice, real estate brokerage firms offer homeowners a small upfront payment in exchange for the exclusive right to list and sell the property in the future.

Purchase and sale agreement 398

Purchase and sale agreement Title Land Brokerage 398

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. So, for now, I would caution patience.” It is a seller decision, not an agent decision.”

Purchase and sale agreement 449

Purchase and sale agreement Agents MLS Inspection 449

Housing Wire

JUNE 28, 2024

Giangrande will also lead negotiation efforts for wholesale brokerage agreements with mortgage companies that seek to partner on EquiFi’s home equity investment (HEI) contract and other products. According to data from DBRS Morningstar , at least nine securitizations involving HEI-type agreements totaling $1.89

Equity 386

Equity Purchase and sale agreement Mortgages Finance 386

Housing Wire

AUGUST 21, 2024

While there have not been any “ horror stories ” in the first few days since business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement were implemented, that doesn’t mean it has been completely smooth sailing for real estate professionals.

Purchase and sale agreement 480

Purchase and sale agreement Agents Industrial As-is 480

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. The annual investment volume in the U.S. And that has already started to happen,” Craft said.

Equity 466

Equity Finance Purchase and sale agreement Investor 466

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. A major consequence of these cases is the potential scrapping of guaranteed shared compensation. It’s perceived as negative drama, so many have tuned it out. But you do so at your own risk.

Purchase and sale agreement 436

Purchase and sale agreement Brokerage Agents MLS 436

Housing Wire

OCTOBER 25, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S.

VA loan 447

VA loan Purchase and sale agreement Loans Agents 447

Housing Wire

DECEMBER 17, 2024

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The other defendants in the suit are those involved in the title and escrow process and the wiring of the allegedly fraudulent funds.

Earnest money deposit 391

Earnest money deposit Purchase and sale agreement Title Banks 391

Housing Wire

JUNE 10, 2021

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. The brokerage has “Co-listed properties with MLS agents to increase the online presence of client’s listings.”.

Purchase and sale agreement 398

Purchase and sale agreement MLS Brokerage Residential 398

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 364

Purchase and sale agreement Title Agents MLS 364

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 361

Purchase and sale agreement Title Agents MLS 361

Housing Wire

JULY 26, 2021

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. And they paid a 1% fee to their solicitor for their purchase. All in all, my parents paid 4.5% experience.

MLS 398

MLS Purchase and sale agreement Brokerage Closing 398

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. As of last month, the firm reported 9,800 homes it purchased but has yet to sell, and 8,200 it is contractually obliged to buy – or a shade under 18,000 total.

Purchase and sale agreement 461

Purchase and sale agreement Investor As-is Industrial 461

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent? Let’s dive in!

Agents 450

Agents Brokerage Purchase and sale agreement Commercial 450

Housing Wire

MARCH 27, 2024

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. Agents/Brokerages have fees and/or commission structures.

Agents 350

Agents Purchase and sale agreement MLS Brokerage 350

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 What does a real estate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ?

Purchase and sale agreement 436

Purchase and sale agreement Inspection contingency Inspection Title 436

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We million to 4.3

Purchase and sale agreement 351

Purchase and sale agreement Title Brokerage Branding 351

Housing Wire

MARCH 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

Purchase and sale agreement 398

Purchase and sale agreement Loans Loan Officer Mortgages 398

Housing Wire

NOVEMBER 13, 2023

They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.” Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If

Title 449

Title Industrial Purchase and sale agreement Agents 449

Housing Wire

NOVEMBER 15, 2024

NAR’s settlement agreement — which closed a number of antitrust class-action lawsuits against NAR and major brokerages for allegedly inflating Realtor commissions, and is pending final approval this month — outlines 13 practice changes required of NAR-affiliated MLSs. It’s a certified letter from the Department of Justice (DOJ).”

MLS 434

MLS Purchase and sale agreement Technology Agents 434

Housing Wire

AUGUST 19, 2024

We acknowledge and share their concerns and urge the industry and housing advocacy groups to work together with us on solutions to end price-fixing in real estate brokerage while ensuring that the most vulnerable consumers are not harmed in the transition to a new status quo. Regrettably, the HousingWire piece completely ignores this fact.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

NOVEMBER 15, 2024

Some states do not have any reciprocity agreements at all. To illustrate, if you’re moving from California to New York, you’re out of luck, since California does not have reciprocity agreements with any other state. Let’s dig into the specifics to help you better understand where you can practice and transact.

Purchase and sale agreement 370

Purchase and sale agreement Agents Pre-approval As-is 370