REM Online

JANUARY 19, 2021

The original post can be found at the following URL: Sponsored: When Do You Negotiate in Real Estate? What if you could change your business and your life by improving the way you negotiate? In the CNE and the MCNE negotiation designation courses, you'll learn the art of collaborative deal-making.

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Housing Wire

MARCH 29, 2024

The real estate industry is facing yet another commission lawsuit , but this time the plaintiff is not seeking class-action status. In an emailed statement, a spokesperson for eXp wrote that the firm’s “agile business model” will allow it to make the necessary adjustments to succeed in the changing real estate environment. “We

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Purchase and sale agreement MLS Agents Residential 425

Bigger Pockets

FEBRUARY 12, 2024

It’s not too late to retire with real estate, EVEN if you’re just getting started in your late fifties or have NO experience investing. On this Seeing Greene, David gives […]

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Loans 100

Housing Wire

MARCH 18, 2024

In addition to the timeline, industry leaders like Ryan O’Neill — who leads the RE/MAX Advantage Plus -brokered Minnesota Real Estate Team — say they are dealing with agents who are frustrated by the lack of guidance from industry trade groups on what the settlement really means. “I

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Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Housing Wire

APRIL 11, 2024

As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. In March , the National Association of Realtors (NAR) agreed to pay $418 million in damages to settle the real estate commission lawsuits.

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Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. This system, with its veiled surcharges, illegally warps the real estate market.”

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Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.” Having to be somebody’s confidant and advisor on the real estate part would be “tough.”

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Housing Wire

FEBRUARY 1, 2024

In an email sent to Keller Williams leaders, agents and associates, Keller wrote that he was “relieved to share that we have negotiated a nationwide settlement of the Sitzer/Burnett case.” It allows us all to turn our attention back to what we do best: delivering unparalleled value in an ever-evolving real estate market,” he added.

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MLS Agents Brokerage Industrial 464

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The team of executives first addressed the commissions, noting that they have always been negotiable.

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Purchase and sale agreement Agents Seller concession MLS 418

Housing Wire

APRIL 25, 2024

Real estate technology company reAlpha Tech Corp. It can provide assistance with booking property tours, submitting offers and negotiations. “We In addition to the chatbot, homebuyers in these areas will benefit from the help of licensed real estate agents if they wish, on a commission-free basis.

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Housing Wire

MARCH 22, 2024

These changes include that Compass firms will require or encourage agents to make it clear to clients that commissions are negotiable, that agents will have the freedom to set or negotiate commissions as they see fit, and that agents will not be required to make offers of compensation or accept offers of compensation from cooperating brokers.

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Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. is safe from a commission lawsuit.

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Housing Wire

JANUARY 11, 2024

The Real Estate Board of New York is now fighting a second copycat commission lawsuit. In addition to REBNY and Douglas Elliman, the complaint names Christie’s International Real Estate , Brown Harris Stevens , SERHANT. Compass , The Agency , Elegran , Engel & Völkers , R New York , Terra Holdings , Leslie J.

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Housing Wire

NOVEMBER 9, 2023

However, with the introduction of these new commission standards, what I really want to touch on today isn’t whether it’s a “blatant admission of guilt” or not, but rather if it’s really addressing the underlying issues in the real estate profession. I’d argue it’s not.

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Housing Wire

APRIL 29, 2024

Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize. We remain confident our differentiated business position will enable continued growth over the long term.”

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Brokerage MLS Agents Branding 396

Housing Wire

MAY 1, 2024

The simple answer is that Zillow is wholly focused on solving real consumer problems with software. Clear and negotiable compensation fits quite well with our published consumer advocacy marketplace principles of free access to listings, independent representation and negotiable compensation,” Barton said. he posited.

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Industrial Technology Agents Finance 380

Housing Wire

APRIL 16, 2024

Are you tired of your text messages causing more confusion than closings in the real estate world? Use real words to do real business. You don’t want to sway a negotiation wrong, over-share, or breach your agency relationship. No negotiation should be done via text. Curious why you’re being ghosted at times?

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Agents As-is Closing Marketing 391

Housing Wire

MAY 3, 2024

To that I say, timing is everything in real estate. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. Foreclosure activity Unlike the aftermath of the 2008 crash, the current real estate landscape sees muted foreclosure activity. With only 1.3

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Pre-approval Lending Inspection Equity 351

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

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Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. Offers of cooperative compensation remain negotiable and at the discretion of the seller.” A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S.

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MLS Brokerage Agents Industrial 440

Housing Wire

JANUARY 5, 2024

million, respectively, as well as make changes to how their agents practice real estate, including no longer requiring agents to belong to the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In the agreements RE/MAX and Anywhere agree to pay $55 million and $83.5

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Real Trends

AUGUST 18, 2020

The real estate industry is competitive, which has made operations all the more difficult in the face of the COVID-19 crisis. In a sector that often relies upon providing personalized experiences, helping buyers to make the biggest investment of their lives, the need to social distance has presented significant obstacles.

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Housing Wire

MARCH 5, 2024

The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. Howard Hanna Real Estate declined to comment on the development. In a document filed on Monday with U.S.

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Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

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MLS Brokerage Agents Industrial 420

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever. Certainly, there are some that don’t.

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Housing Wire

APRIL 23, 2024

Real estate coach Tom Ferry is launching a new artificial intelligence (AI)-powered chatbot that is specifically designed for real estate professionals. The most important thing is for real estate agents to provide value and demonstrate it at scale,” Ferry said in a statement.

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Housing Wire

APRIL 15, 2024

Additionally, 18 of the respondents identified as team leaders, 112 identified as real estate sales associates or broker associates, and 15 identified their position as other, with the most common response being broker-owner of their firm.

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Agents MLS Sales Branding 402

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Similar to Anywhere’s deal, the RE/MAX agreement stipulates that the firm make significant changes to what it requires of its agents and franchisees.

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MLS Brokerage Agents Development 477

Housing Wire

SEPTEMBER 19, 2023

The negotiations were successful, and a deal has been reached. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals guide negotiations An appraisal can guide negotiations if it comes back higher or lower than the sale price. Not necessarily.

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Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker.

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Purchase and sale agreement Agents MLS Brokerage 305

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The Umpa suit is the only commission lawsuit in which Real has been named as a defendant. The Real Brokerage closed $14.4 The brokerage will pay $9.25

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Brokerage Agents Technology Sales 375

Housing Wire

MAY 2, 2024

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey , with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who felt the same.

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Brokerage Agents Residential Sales 385

Housing Wire

APRIL 23, 2024

Sears told attendees at The Gathering that some of the most intense negotiations centered around trying to protect as many members as possible. Despite the challenges, the parties were able to reach an agreement, the terms of which include a requirement for NAR to pay $418 million into a settlement fund.

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Brokerage Agents MLS Staging 377

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction.

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MLS Brokerage Agents Closing costs 457

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. The true value of a buyer agent lies in their negotiating skills and existing relationships with listing agents. I’ve advocated for loan officers and real estate agents my entire career.

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