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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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Attorney lays out how real estate can survive the commission suits

Inman

At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements.

MLS 177
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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

He explains that “A flat fee brokerage charges up front, typically a flat fee of $3,000-$5,000.” 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. Input your address on the brokerage websites to find out what you are agreeing to pay.

MLS 90
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How Much Does It Cost to Sell a House?

Redfin

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. Real estate photography usually costs between $100-$300 per shoot , however, if you’re working with an agent, their brokerage will likely cover this cost for you. Any seller concessions.

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How to Sell a House By Owner in Chicago: A Windy City FSBO Guide

HomeLight

Not having agent representation could also lead to paying more in seller concessions. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) — a platform agents use to share properties with one another as well as major real estate sites. Not willing to pay for the MLS?

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How to Sell a House By Owner in New York: Your NY FSBO Guide

HomeLight

Not having agent representation could also lead to paying more in seller concessions. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) — a platform agents use to share properties with one another as well as major real estate sites. Not willing to pay for the MLS?