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‘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.”

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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. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

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Redfin acquires Bay Equity, pink slips 121 staff

Housing Wire

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

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Real Estate Commission Splits: Everything Agents Need to Know

The Close

If you’re like most agents, diving into the details of your real estate agent commission splits might not be as thrilling as closing a big sale, but getting it right can make all the difference in your paycheck. The commission split agreement between agents varies depending on the listing agent’s agreement with the seller.

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Should I Buy a Franchise or Start My Own Brokerage?

The Close

Are you considering taking the leap of faith and heading out on your own, but you don’t know if you should start your own brokerage from scratch or purchase a real estate franchise? In my 28-year real estate career, I have built two independent brokerages and was an investor in two franchises with Keller Williams Realty.

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Real Estate Commission Splits: Everything Agents Need to Know

The Close

If you’re like most agents, diving into the details of your real estate agent commission splits might not be as thrilling as closing a big sale, but getting it right can make all the difference in your paycheck. The commission split agreement between agents varies depending on the listing agent’s agreement with the seller.

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DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey

Housing Wire

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. Said another: “Buyers agents should earn additional commission for a lower purchase price. Compensation practices will change.