The first week after the realtor-lawsuit verdict went as expected - chaos, doom, and no sexy alternatives. It will take years to appeal, but it won't matter how it turns out. Buyers are going to be paying their agents. If sellers aren't obligated to pay any commission...
The latest lawsuit will cause people to consider different pay structures for realtors. If realtors were paid less, could they at least get some of it up front? Yes, if approved by the commissioner: Before a broker may solicit, advertise for and agree to receive an...
Are realtor commissions negotiable? Sure....how high do you want to go? 😆 Commissions aren't all the same, just like agents aren't all the same. Different agents charge different rates because they do different things for the consumer. Commissions/fees range from...
Now what? The National Association of Realtors clearly underestimated the chances of losing this case - and the others to come. They must have thought that touting their 100-year old Code of Ethics was all that was needed to impress people, and instead they found out...
A federal jury today agreed with the plaintiffs that organizations such as Keller Williams, Berkshire Hathaway HomeServices of America, and the National Association of Realtors had violated the law by conspiring to inflate commission rates. Their attorney then filed...
Many think this won't change much about commissions. They might have to go higher to pay for the damages! A jury in Kansas City, Missouri, sided with a group of homeseller-plaintiffs Tuesday, ruling that real estate’s biggest names participated in a conspiracy that...
I have mentioned repeatedly that the buyer-agent is a dead man walking. All forces within the industry are combining to push the buyer-agent out of the equation, and home buyers will be worse off because they will only have faux representation when buying directly...
Another phrase you regularly see in the MLS descriptions is, "NO BUYER LOVE LETTERS". What is the underlying meaning? Listing agents are perfectly capable of discriminating on their own, and they don't need your help. As long as the buyers' names are on the contract,...
It is common to see the same words or phrases in the MLS descriptions. A few years ago, the fancy new buzz word was 'boasts'; a word realtors would use to describe the home's best features. The word got overused, and eventually we would read that a home "boasts three...
Agents are supposed to maintain a good working knowledge of the purchase contract, and every year we go to the C.A.R. review to keep up with the changes. But I don't remember discussing this paragraph that was added in 2021, and expanded in the most recent version of...
