The undated FAQs were released today. Buyers don't have to sign a written buyer-agent agreement just to tour an open house! The clarifications from NAR: The practice change requiring written agreements with buyers is triggered by two conditions: it only applies to MLS...
Think of the monumental change needed in the listing agent's psyche to get them to stop scolding the buyer-agents and give some respect - but instead they are shorting the commissions too. If you blow off the buyer-agents, then you're on your own - and the vast...
They are only three months into their mega-launch of Homes.com, and CoStar founder and president Andy Florance is already taking victory laps. He is also the #1 cheerleader for buyers going directly to the listing agent, which will be the end result of all the changes...
Yesterday, it was announced that CoStar is buying Matterport. Excerpts: I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission," said Andy Florance, Founder and CEO of CoStar...
On Friday, the Plaintiffs’ counsel filed a Motion for Preliminary Approval of the commission-lawsuit settlement agreement with the federal court, so the two new rules will go into effect in late July, apparently. The plaintiffs have requested a hearing on final...
While the benefits of buyer-agents may be obvious, will anyone stop their demise? Probably not. Will it become easier or harder to buy a home? The answer is unclear amid widespread confusion over what’s happening to real-estate agent commissions. On April 5, a federal...
Are commissions negotiable? The common perception is Yes, because commission rates aren't determined by any regulatory body, and brokerages/agents are free to devise their own compensation plan. But the agents who have a meaningful skill set and a book of business...
Attorneys for the plaintiffs claim they spent 96,500 hours and $13 million of their own money to review over 5 million documents. They retained at least 20 experts and consultants, and performed approximately 180 depositions, and suffered through three unsuccessful...
While the media has been stirring up their hysteria over the commission decoupling.....this from CNN: It's the second part of the settlement that will likely frustrate buyers even further: Let's call it, The Return of the PEAD! When Covid broke out, it was decided...
The recent NAR settlement clearly states that the MLS is prohibited from publishing a buyer-agent commission paid by the seller. It means we might be hearing more commission talk, not less, as listing agents take responsibility for publishing the buyer-agent rate...
