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

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career.

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Majority of recent homebuyers have regrets: survey

Housing Wire

More than 80% of recent buyers asked for at least one seller concession. The most frequently mentioned concessions were a lower asking price, funds to make repairs, and the ability to keep existing appliances or furniture. Some brokerages have already announced their intention to better illustrate the value of agents to clients.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

Another wrinkle is that not all agents, brokerages or sellers are handling offers of buyer broker compensation the same way. She also noted that she will be advertising offers of cooperative compensation on her social media channels and alongside listings on her brokerage’s website. It doesn’t matter,” O’Koniewski said. “If

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Nation’s largest MLS now allows listings to show seller concessions

Inman

The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees.

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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages. The DOJ isn’t the only remaining legal threat to the real estate industry.

MLS 482
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Opinion: Reframing the American Dream of homeownership

Housing Wire

The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical. The question is whether it is becoming less attainable or merely obscured by market noise and confusion. Change is constant, and as professionals, we must adapt.