Remove Agents Remove Closing Remove MLS Remove Purchase and sale agreement
article thumbnail

‘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. You should be finding buyers before real estate agents anyway.”

article thumbnail

Charlie Oppler: DOJ needs to honor agreement with NAR

Housing Wire

You should be able to count on the Department of Justice (DOJ) to honor an agreement. Yet, the DOJ filed a response last week balking again at any commitment to honor the agreement in response to our petition saying they should. NAR has forged ahead. Why is this important? This is about defending a fair and competitive market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why the US MLS system is the envy of other countries

Housing Wire

Multiple Listing Services (MLS) by those trying to disparage the system. This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. And they paid a 1% fee to their solicitor for their purchase.

MLS 382
article thumbnail

Compass acquisition could worry some California agents

Housing Wire

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.

article thumbnail

Newest commission lawsuit doesn’t seek class-action status

Housing Wire

District Court for the Southern District of New York , Hao Zhe Wang accused real estate industry players of “agreeing, combining and conspiring to impose, implement and enforce anticompetitive restraints and the cause Plaintiff to pay inflated commissions on the purchase and sale of his homes in violation of federal and state statutes.”

article thumbnail

So You Want To Purchase A Power Of Sale, Do You?

Toronto Realty Blog

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

article thumbnail

The doxing saga of Michael Arrington’s Miami mansion?

Housing Wire

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.