Yunnie and the National Association of Realtors still haven't released any math or formulas on how they came up with their conclusions, and it appears he is just shooting from the hip. There is no factual evidence that points to the tax reform causing lower prices...
Is there a signed commission agreement? H/T Richard! There’s bad blood between Taylor Swift and a Manhattan real estate broker, who claims the pop superstar refused to pay a $1.08 million commission for the purchase of her new Tribeca townhouse. An unnamed member of...
Rob filed his report on Friday, and it's a good summary of where we are. The winning solution? Not the big agent teams, nor the employee model like Redfin: Future of Brokerage Black Paper by Robert Hahn on Scribd
More agents reacting to the current MLS situation, which is bleak: Is the Realtor-run property listing service in California obsolete? Several brokers, agents and “multiple listing service” operators expressed concern during a panel discussion Wednesday that...
We have convinced the public that buying and selling 'off-market' properties is sexy and cool, and the high-end agents in Los Angeles took it a step further to create a website to share listings privately. The PLS.com has 476 listings so far! I'd expect some quirky...
The basic premise that drives the real-estate-selling industry is that agents 'cooperate' with each other, which is code for 'I'll share my listings with you, and you share your listings with me'. We have a written agreement, and subscribe to the strict code of...
There was a snafu in the rush to sign the tax reform bill: "The Senate parliamentarian determined two minor provisions do not have budgetary impacts and had to be removed from the bill," the representative told Business Insider. "The Senate will still vote tonight,...
Reader Tim sent this in: Jim/All – do you have any thoughts on unintended consequences of the tax bills (as constituted)? You think there could be an impact from eliminating interest deduction on equity withdrawals with regard to the cash buyer market? Also wondering...
As long as the House and Senate can agree, it appears that the tax reform bill will include the existing tax incentives for home buyers (M.I.D. and property-tax deduction up to $10,000). The N.A.R. and C.A.R. aren't happy though, and are still fighting the fight....
Let's just quit N.A.R. and the rest of the bureaucracy and join together as a network of agents who share listings among ourselves! Hat tip to daytrip for sending this in: LINK For many high-priced and desirable properties, especially in metros such as LA, the sales...
