Maybe Fixed Price Prevails over Percentage for Buyers Agents After August
The saddest part about the buyer commission litigation is that the new standard is no better than the old.
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Imagine the perception if a potential client learns about these changes from sources other than their trusted agent — it could cast doubt on your credibility and integrity, potentially leading to misunderstandings about commissions.
Brokers and Their Web Partners: Anticipating Change
In light of impending alterations stemming from the settlement agreement in the anti-trust litigation, updates to broker and agent websites are inevitable.
Are Lockboxes the Industry’s next Trouble Spot?
In 2023, we asked over 250,000 agents and brokers how interested they would be in statewide lockbox access where they hold a license. Nearly ¾ of respondents (72%) across multiple markets want statewide lockbox access.
How Will Real Estate Anti-Trust Settlement Impact Luxury Sales
Over the years, negotiations over commissions have been particularly pronounced in luxury and hyper-luxury sales, signifying what the Department of Justice (DOJ) aims to address by joining the court and plaintiffs in challenging the practice of advertising buyer compensation in the MLS.
CRMLS Adapts to Anti-Trust Settlement With Action Plan
Art Carter, CEO of the California Regional Multiple Listing Service (CRMLS), sheds light on the organization's proactive approach towards addressing the ramifications of anti-trust complaints within the real estate industry.
Brokers Over $2B in Volume Should Prepare for Mediation
Get your attorneys on it. Pay close attention to the settlements that have already been announced, and do some 5th grade math.
New FCC Regulation Deals Blow to Real Estate Lead Generators
New consumer protection regulations from the Federal Communications Commission aims to protect consumers from the scams and spam caused by the “lead generator” robo-calls & texts loophole and encourages an opt-in approach for delivering email to text messages.
The Devastating Effects of Dropping Unilateral Offer of Compensation
A dark cloud is coming to real estate in America, and it’s hitting our shores at the worst possible time.
The Class Action Storm is Building
You need to look at this litigation like a tsunami wave that is heading for you.
Litigation May Unravel the Association and the MLS
Through the natural discourse of meetings to hone the best practices of the trade, the association created rules. To be a member of NAR or any association, members must agree to adhere to the rules. These association rules are creating legal problems.
The Jury Has Ruled on Commission, So What are the Next Steps
For now, agents need to pay attention to the information from their MLS and their Association of REALTORS, and talk to their Broker.