Here's why home buyers should be optimistic - as demand falls off, it will probably be a wide-open playing field for the rest of 2024! No seller is going to be dumping on price though, especially the sellers of the better homes that you want to buy. You gotta be able...
We were on a call yesterday with our referral network of Compass agents around the country, and Gregg in the DMV (D.C., Maryland, and Virginia) said they have been required to use the buyer-broker agreements for the last twenty years. Great - a test case. How has it...
The mainstream media outlets (WSJ and CNN) are highlighting the changes in realtor compensation one more time this week. They're not offering anything new because they can't find anyone who can predict what will happen, good or bad. A summary of my thoughts on the...
It's not really oceanfront with a 4-lane road in front, but it's close. You have the traffic-controlled crosswalk at the corner for easy access to the staircase down to the sand (that the City of Carlsbad is spending $14 million to repair and replace). It's close...
If you have sold a house since 2015 and some of the commission you paid went to the buyer's agent, you can file a claim here. Of the $730 million, the attorneys are taking around $300 million, and the estimated payout to claimants is expected to be roughly $13 each:...
This is the final week - it's go time! Beginning on Saturday, every realtor will need to have a written contract with their buyers to show them a house for sale. We have had months to prepare, so we'll see how receptive the buyers are to our presentations, and how...
I got an update on the group of brokerages who have hired the same law firm to go after the National Association of Realtors. If they intend to disrupt the August 17th changes, they better get on it! But they are going let that go, and instead they will be pursuing...
Starting next weekend, this is the form you will see at every open house in California. It is a mandatory form, and EVERY visitor must sign it or they won't be allowed to view the home. What's worse is that the association will be sending shoppers around to verify...
Opinions from the twitterverse on how the coming changes will affect the market:
When the impact from the NAR settlement was coming into focus in April, the NSDCC active listings that offered a 2.5% commission to the buyer-agent was at 57%. Of the last 105 NSDCC listings, 36% are offering 2.5% or more commission. The new rule hasn't gone into...
