Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
Everyone talks badly about Robert Reffkin/Compass and our stand against the CCP. It's because the industry is so sensitive about the thought of agents hoarding their listings off-market to sell them to their own buyers or to buyers represented by other in-house...
Hat tip to CBMark to sending in this gem - it's only $599,999 and open today! The problem with the hoarder home is more than just the mess inside and outside. The hoarder home owner "harasses the children of my best friend, which is directly across the street from my...
We closed the escrow on Clemens today! Bidding wars can typically go up to 10% over the list price. Even a novice agent can pull it off just by having their listing on the open market. But buyers get jittery going any higher than +10% and without having a great agent...
The last debacle by Ketchmark cost Compass $52 million - there is no way that we will keep putting ourselves at risk of more lawsuits. It's why Robert Reffkin has been so adamant about disolving the Clear Cooperation Policy, even though he doesn't state it often...
Frenzy may not sound applicable these days.....but look at La Jolla getting off to a hot start and leading the pack with 38 pendings, just like last year! The 92067 is angling towards their pre-covid standard with a 9:1 ratio of actives-to-pendings. Our normal gauge...
Third Places in San Diego Sociologist Ray Oldenburg coined the term "third places" to describe informal, neutral locations outside of home (first place) and work/school (second place). These locations are used for social interactions, gatherings, and community...
When deciding on a date to launch a new listing, we try our best to work around the rain. The open-house results are best during our typical sun-shiny day! We also consider the school calendar. It sure would be nice if the schools are line up their calendars and have...
It appears that we are experiencing a surge-like event - the NSDCC actives count today is 411. Last year, the count didn't hit 400 until mid-May! In the last three weeks, the total number of pendings has risen by 8, 4, and 4 per week. You think it's sluggish now, wait...
For Shadash - very few home purchases around the coast were financed with FHA, but when Trump makes a big deal out of cancelling the Biden gravy train, it will have repercussions. A free article from the WSJ: The problems began when the Obama administration eased...
