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...
Paying referral fees is a standard practice in the realtor business. Are you thinking of moving to a new town and need an introduction to a realtor there? Your agent here will track one down for you, and that agent will pay them a referral fee, which used to be 20%...
This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller's disclosures - do they even read them? A focal point as we transition into single agency: To complete the disclosure process, the...
Currently, every listing agent is required to offer some sort of buyer-agent compensation on the MLS. Zillow and Redfin publish those commission amounts on every listing now, so they are all out in the open. Today, there are 79 homes for sale between La Jolla and...
People are asking about the NAR lawsuits - hat tip to Susie, Gerry, and Carl! The lawsuit that began this week contends that realtors force sellers to pay a commission to the buyer's agent. Two defendants, ReMax and Anywhere (Coldwell Banker, Sotheby's, etc.) have...
They wait until the week that the trial starts? She should have said 'regularly defraud MORE clients'. The National Association of Realtors laid out a doomsday scenario for the industry in the case home sellers prevail in two landmark antitrust cases. The group warned...
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...
