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From consultation to closing: The definitive homebuying checklist

Housing Wire

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. Think of this as building a roadmap for their homebuying journey.

Closing 228
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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Appraisers say it’s business as usual despite the NAR settlement changes

Housing Wire

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. But with the terms of the NAR settlement now in effect, much of that data is no longer available via the MLS.

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GSEs will not count buyer agent commissions as IPCs

Housing Wire

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.

Agents 532
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America’s top listing agents don’t want to deal with the buyer’s agent commission mess

Housing Wire

Harvey typically charges sellers a few hundred dollars to list their property on the MLS and will charge a 0.25% commission when the home successfully sells. He sees his role in the transaction as simply ensuring the seller stays in compliance with laws and regulations.

Agents 448
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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. We weren’t named in the litigation, we weren’t named in the copycat cases and we didn’t have the mandated rules that were named in the litigation,” said Jeremy Crawford, president and CEO of First MLS. “So,

MLS 482
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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” Why would we not disclose that info in MLS?