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...
I love this new change - the sellers get to choose whether or not they get to receive love letters from buyers with their offers. Buyers should be given every chance to compete for the win, and submitting an introductory letter with photos of the kids and dog is a...
This is why I'm so skeptical of 'seller concessions' being a viable solution. If agents were united in appreciating buyer-agents (doesn't every realtor represent a buyer occasionally?), then everyone would take a stand to ensure buyers get adequate representation, and...
Brokerages are at the crossroads - they can either encourage sales with all buyer-agents, or go the same way as C.A.R. and make it harder on them (which promotes single agency) and add blustery headlines. I think brokerages should stand up for all buyer-agents; not...
Hiring a listing agent to sell your home has become even trickier since the commission lawsuit. What do you look for now?
The new 19-page listing agreement is out! They didn't waste any time getting to the listing agent's pay. Boom, right at the top of the newly revised form, it commits to the commission rate plus a little extra if the buyer is unrepresented....
The California Association of Realtors had to re-write a few of their new forms in order to comply with the DOJ critique. These revised forms get released tomorrow, and they will probably help chart the final path for buyer-agents. There are two noteworthy points in...
