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 448

Agents Brokerage Purchase and sale agreement Commercial 448

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 458

Seller concession Purchase and sale agreement MLS Residential 458

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

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. The previous system guaranteed buyer agent payment through MLS enforcement.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

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

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 476

Purchase and sale agreement Agents MLS Seller concession 476

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. Here is what I learned.

Purchase and sale agreement 434

Purchase and sale agreement Due diligence MLS Brokerage 434

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. There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.”

Purchase and sale agreement 467

Purchase and sale agreement Agents Seller concession MLS 467

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

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 443

Purchase and sale agreement HR Agents MLS 443

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

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 448

Purchase and sale agreement Agents MLS Inspection 448

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

Potential outcomes of the commission lawsuits The specific details of the lawsuits , the tying agreements, the anti-competitiveness of clear cooperation and the arguments surrounding potential steering and inflated compensation have been written about extensively. It’s perceived as negative drama, so many have tuned it out. 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 366

Purchase and sale agreement Title Agents MLS 366

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 364

Purchase and sale agreement Title Agents MLS 364

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.

Purchase and sale agreement 350

Purchase and sale agreement Agents MLS Brokerage 350

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 Ready to begin a flexible, fulfilling career in real estate in the Sunshine state?

Purchase and sale agreement 467

Purchase and sale agreement MLS Pre-approval Agents 467

Housing Wire

AUGUST 19, 2024

Mandatory commission offers from listing agents (and sellers) to buyer agents that are now required to be included in NAR -operated Multiple Listing Services (MLS) listings have allowed the industry to maintain near-uniform commission rates of 5-6% and deterred negotiation over these services.

Purchase and sale agreement 458

Purchase and sale agreement Finance Industrial Agents 458

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? Do you see the implications? Much to discuss, so let’s begin.

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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. You’re on the right page!

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Purchase and sale agreement Property Management Hard money loan Investor 105

Toronto Realty Blog

FEBRUARY 20, 2025

I always love getting different perspectives on our real estate market, the Canadian economy, the world’s economy, or just chatting about business in general. Case in point: some of these guys had never heard of the “occupancy period” that exists in the world of new condominium development. A condominium is a corporation.

Development 76

Development Purchase and sale agreement Pre-approval MLS 76

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds.

As-is 52

As-is Purchase and sale agreement Inspection Finance 52

Housing Wire

APRIL 16, 2024

There are a lot of moving parts in a purchase transaction; I thought this would streamline the process, making a better experience for all parties and at the same time generate more revenue,” Read said. In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. Why talk about it now?

Loan Officer 486

Loan Officer Loans Agents Mortgages 486

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

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Short sale As-is Purchase and sale agreement Sales 105

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

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

Purchase and sale agreement 98

Purchase and sale agreement Sales Due diligence Title 98

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.

Purchase and sale agreement 105

Purchase and sale agreement Brokerage Agents MLS 105

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! Key Takeaways: Take your time to research the market before you invest.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”?

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

HomeLight

JULY 25, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Texas. MLS has field to mark a listing “as is”? Looking to sell a house “as is” in Texas?

As-is 111

As-is Purchase and sale agreement Inspection Investor 111

HomeLight

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 111

As-is Purchase and sale agreement Investor Inspection 111

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.

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MLS Purchase and sale agreement Agents Sales 111

HomeLight

DECEMBER 8, 2022

Links and mentions of Connecticut flat fee MLS listing companies should not be considered an endorsement. That’s where flat fee MLS listing services come in. Read on to learn more about these services — and whether working with one of these companies makes sense for your FSBO Connecticut home sale. Get Started.

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

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. MLS has field to mark a listing “as is”? “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Request Cash Offer.

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

As-is 110

As-is Purchase and sale agreement Inspection Closing costs 110