I was in Orange County yesterday and saw this in a local publication: The off-market craze is just getting started. We've already been hearing the hucksters at open houses who lead with their only pitch: "I operate in the off-market space." "Does your agent offer you...
Robert the big boss was in town yesterday. He is committed to changing or ending the Clear Cooperation Policy, which is a controversial stance. The CCP makes in mandatory that every agent upload a listing onto the MLS within one business day after any public marketing...
The NAR Clear Cooperation Policy states that every listing must be inputted into the MLS within one business day after it is advertised publicly. The idea is to ensure that every agent has a chance to sell it. Our boss is leading the effort to end the CCP (see above)....
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The new rules don't allow the MLS to publish on active listings how much buyer-agent commission is being offered by the seller and listing agent. But in a strange quirk, the CRMLS - the biggest MLS in California covering about half of the state - now requires that...
It was a month ago that the NAR Settlement kicked in, and one new rule in particular was expected to turn the business upside down. From now on, buyers have to sign a contract with their agent before seeing homes in person, which hasn't been required over the last...
When a property is listed for sale, the seller and their agent work together to create a strategy that positions the property to its best advantage when it goes to market. The considerations are many and include but are not limited to marketing campaigns/strategies,...
Lance asked how the new realtor rules were affecting agents - here are responses from around the country that I clipped from two different email threads. Thanks Lance!
During the frenzy there were months where 70% to 80% of the sales were closing over their list price. Recently it's been down to around 25% of the buyers paid over the list price. How many paid under? We're in an affluent area so let's get our money's worth. How many...
Will listing agents demand to see the buyer-broker agreement just to show a house? Agents are known to have their own interpretations of the rules - one listing agent already said that it is against the rules to ask her if her seller is paying concessions - so it is...
