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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

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.” While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing.

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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. I’ll help you identify “ Is it a buyer’s or a seller’s market?” I’ll help you identify “ Is it a buyer’s or a seller’s market?” What Is a Seller’s Market?

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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

You’re wondering if there’s any way to save money on your sale, perhaps by using a flat fee broker. While sellers can save money on that side of the transaction, he cautions that they’re still paying the buyer’s agent commission of 2%-3% at closing. And are they a good option for your home sale? What is a flat fee broker?

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Opinion: In a digital world, do real estate agents serve a purpose?

Housing Wire

The basis of the idea goes something like this: in today’s high-tech digital world, there exists abundant online resources whereby any buyer can review any property, compare any property value, draw an accurate opinion of any property value, and even reach out directly to sellers to negotiate a transaction.

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How Much Does It Cost to Sell a House?

Redfin

The average cost of selling a home in the US is approximately 10 – 15 percent of your home’s sale price. Your realtor uses the MLS to obtain information on three or four homes currently on the market or those that have recently sold in your neighborhood. Of course, every situation is unique, and your costs will vary. economy is doing.