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

Opinion: Navigating buyer agent compensation

Housing Wire

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. The negotiation would continue until the parties agreed to the terms of the sale.

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.”

Insiders

Sign Up for our Newsletter

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

article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?

article thumbnail

Redfin launches new homebuyer refund program

Housing Wire

Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5% of the purchase price of the house.

article thumbnail

Redfin’s relaunched homebuyer refund program now available nationwide

Housing Wire

In an announcement on Tuesday, the brokerage noted that it had expanded the program to more than a dozen additional markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. of the purchase price of the house. of the purchase price of the house. The buyer will receive the refund at closing.

article thumbnail

Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. Grant said.

VA loan 454
article thumbnail

Now is a great time for brokerage acquisitions: RealTrends Consulting

Housing Wire

With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms. Wright and Murray also said that the headwinds facing the industry are creating a buyer’s market for acquisitive firms.

Brokerage 413