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.

Purchase and sale agreement 435

Purchase and sale agreement Due diligence MLS Brokerage 435

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.

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Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

AUGUST 30, 2024

There is a new real estate firm in town, but one of its founders is probably familiar to many in the real estate industry. In an attempt to capitalize on the real estate industry’s new normal, Sitzer teamed up with Galen, whose startup fintech firm Zero was acquired by Avant in 2021, and Batra to found Landian.

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Purchase and sale agreement Brokerage Agents Closing 459

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.”

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Purchase and sale agreement Agents Seller concession MLS 468

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. For the most part, brokers said buyers are willing to sign these agreements.

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Purchase and sale agreement Agents MLS Inspection 448

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.

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Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

AUGUST 19, 2024

Since the 1940s, the DOJ has repeatedly sued the industry to introduce more price competition. Today, price competition has a chance because of their efforts and class action litigation, culminating in a jury decision against the industry. New industry rules prohibit mandatory offers of compensation through multiple listing services.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

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.

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Purchase and sale agreement MLS Brokerage Residential 397

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. But the most frightening — or exciting? Who’s most exposed?

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

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. As with every state where buyer agency laws exist, the licensee’s native status is as a transaction broker or facilitator unless and until a separate, bilateral agency agreement is executed.

Purchase and sale agreement 435

Purchase and sale agreement Brokerage Agents MLS 435

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 A separate Exam Prep course is also available for purchase. out of 5.

Purchase and sale agreement 468

Purchase and sale agreement MLS Pre-approval Agents 468

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 main takeaways from the case: (1) compensation offers will no longer be shown on the MLS. They may try to negotiate, and we either come to an agreement together or we don’t.

Agents 353

Agents Purchase and sale agreement MLS Brokerage 353

Housing Wire

NOVEMBER 15, 2023

Would love for our MLS to not be a part of the organization. This is only phase one,” concluded another industry veteran. The point being, there’s no consensus among real estate agents and brokers regarding what happens next, how the industry should respond or even how agents should talk to clients. Nearly 300 responded.

Purchase and sale agreement 468

Purchase and sale agreement MLS Agents FHA loan 468

Housing Wire

MARCH 24, 2025

The more buyers through the door, the more offers youll receive quickly and the higher the sale price will be. Do your research by logging into your local MLS and searching through the listings in your area. Do you offer packages or discounts for purchasing multiple services? Win more listings. Which photos stand out?

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Purchase and sale agreement Staging Due diligence Branding 206

Toronto Realty Blog

NOVEMBER 14, 2024

Theoretically, it’s present in every industry, in every business, and in the lives of every worker-bee in their pursuit of professional glory. Through eighteen years and several thousand blog posts, I have lamented all that is wrong or required a little tinkering, in our industry. TorontoRealtyBlog Progress!

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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.

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Purchase and sale agreement Property Management Hard money loan Investor 105

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.

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Purchase and sale agreement Brokerage Agents MLS 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?

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MLS Sales Purchase and sale agreement Agents 115

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. Meanwhile, other industry participants are skeptical that dual licensing works effectively, especially at scale.

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Loan Officer Loans Agents Mortgages 488

HomeLight

JULY 23, 2021

Every industry has its own lexicon, and real estate is no exception. One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service.

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MLS Backup offer Agents Purchase and sale agreement 111

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

DECEMBER 8, 2022

Links and mentions of Austin, TX flat fee MLS listing companies should not be considered an endorsement. Although less common, some sellers opt for the FSBO (for sale by owner) route, which can entail using a flat fee MLS listing service that operates in Austin, instead of using a traditional real estate agent. Get Started.

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MLS Purchase and sale agreement Agents Sales 105

Toronto Realty Blog

JANUARY 27, 2023

TorontoRealtyBlog “SCE” Three letters that are wreaking havoc in the real estate industry right now. The letters “SC” on an MLS listing mean the property is “sold conditionally,” and agents not only know this, but are quite accustomed to seeing it on listings. SCE What in the world is that?

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Purchase and sale agreement Sales MLS Closing 98

HomeLight

DECEMBER 15, 2021

We’ve heard the stories about people who managed to make an offer on a house before it officially went up for sale, beating out all the other would-be buyers and scoring the home of their dreams. But if you don’t know how to buy a house before it’s listed on the MLS (multiple listing service), then you’ll miss out on this chance.

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MLS Pre-qualification Purchase and sale agreement Agents 98

HomeLight

NOVEMBER 3, 2022

Links and mentions of North Carolina flat fee MLS companies in this post do not constitute an endorsement. Real estate agents market their listings on the multiple listing service (MLS) as part of their marketing strategy – something FSBO (for sale by owner) sellers cannot do on their own. What is a flat fee MLS listing service?

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MLS Purchase and sale agreement Agents Sales 98

Lighter Side of Real Estate

MARCH 19, 2024

So here’s an excerpt from a National Association of REALTORS® press release , highlighting the changes that will most likely affect you: “In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.

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Purchase and sale agreement MLS Agents As-is 135

RIS Media

JULY 5, 2021

Now, the Department of Justice (DOJ) has withdrawn their agreement. A spokesperson from NAR called the withdrawal a “complete, unprecedented breach of agreement by the Department of Justice,” adding that the settlement had been negotiated and approved by the head of the Antitrust Division. . This is a developing story.

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Purchase and sale agreement MLS Development Industrial 98

Toronto Realty Blog

NOVEMBER 30, 2022

The story lies within what happened after the Agreement of Purchase & Sale was signed. On the day that this sale was scheduled to close, the buyer agent called me and said, “We have a problem.” The Agreement of Purchase and Sale didn’t include a locker. The MLS listing did.

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Purchase and sale agreement Title MLS Closing 105

Toronto Realty Blog

MAY 5, 2021

With Monday’s blog post, and with a rash of recent articles about real the real estate industry, it’s certainly “Hate on a Realtor” week. If you purchased a condo and the listing read, “525 square feet,” what would you take that to mean? The brochure stated, “buyer to verify measurements.”.

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Purchase and sale agreement MLS Due diligence Agents 105

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 119

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

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Purchase and sale agreement MLS Inspection Agents 98

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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Purchase and sale agreement Inspection Inspection contingency MLS 110

Broke Agent Media

FEBRUARY 21, 2023

But navigating the complex legal landscape of the real estate industry can be challenging, especially for those new to the field. Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller. Know what your client has a right to expect of you.

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Purchase and sale agreement Agents Inspection MLS 98

RIS Media

JANUARY 14, 2022

At press time, that number set a record as the most expensive sale in the history of Miami real estate. Named ‘Villa Lourdes’ after the seller—Lourdes Sanjenis, whose late husband purchased the property in 1987 for just $1.4 We recently had the opportunity to discuss this historic sale with Sierra.

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Purchase and sale agreement Marketing Proof of funds MLS 98

Toronto Realty Blog

NOVEMBER 14, 2022

Often, an agreement to purchase real estate will have a conditional period to allow for various steps to be completed by either the buyer or seller. . An appeal decision in Ontario’s Divisional Court affirmed that a party cannot generally sue for compensation under an agreement until it is firm and binding.

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Purchase and sale agreement Brokerage Agents Finance 98