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Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. This provision has the potential to inflate seller or buyer costs,” the report states.

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Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

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Pending-home sales rise to highest level in a year in October: Redfin

Housing Wire

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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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?

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Reviewing a builder’s Agreement of Purchase and Sale

REM Online

The original post can be found at the following URL: Reviewing a builder’s Agreement of Purchase and Sale. As a lawyer, when advising buyers of pre-construction homes or condominium units during the 10-day cooling-off period after signing an agreement, I always start off the consultation by saying the same thing.

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David Peskin to purchase ownership stake in HighTechLending

Housing Wire

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. HTL offers a whole suite of products.

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Most Home Purchase Agreements Are Contingent on These Two Items

HomeLight

Most purchase agreements are contingent on two key items: home inspection and financing. In the world of real estate, a contingent offer on a home means that the purchase is conditional upon certain terms being met. Most purchase agreements are contingent on which two items? What does this mean to a buyer?