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More first-time buyers rely on mortgage rate buydowns to afford homes

Housing Wire

HomeLight is an Arizona -based real estate platform designed to connect agents with clients. HomeLight notes that this is becoming more common for existing-home sales. HomeLight found that the NAR commission lawsuit and the resulting settlement made buyers and sellers uncertain about how to handle changes to buyer-broker agreements.

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. Now, it’s time to join a brokerage. After agents have partnered with a brokerage, it’s time to get to work.

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NAR, Move named in new lawsuit alleging sale of fake leads

Housing Wire

Move Sales , OpCity Acquisitions , OpCity Inc. These processes (the ‘Unlawful Bundling’) are designed to amass a tremendous (and tremendously growing) database which the defendants then characterize as ‘leads,’” the complaint states. who purchased leads, including the so-called fake leads, from the defendants between Aug.

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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

The Specialized Team Every team members role is based on their strengths agents specialize in either listings or sales, while support staff focuses on marketing or transactional details. Team structures to avoid While most team structures are designed for growth and success, not all teams are set up that way.

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Opinion: Broker-to-broker referral exemption does not apply to agent-matching platforms

Housing Wire

“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.

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Commission lawsuit plaintiff Sitzer launches flat fee real estate startup

Housing Wire

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.

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The doxing saga of Michael Arrington’s Miami mansion?

Housing Wire

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.