Our president of the western United States was at our regional sales meeting on Friday. At the end, he announced that Compass has joined with all of the other brokerages who were identified in the NAR settlement as having over $2 billion in sales volume - a group that...
There will be fewer agents, which is a good thing. There are 20,000+ realtors in San Diego County, and last month there were 2,113 sales of attached and detached homes. Hat tip to Greg for sending in this article! When real estate broker April Strickland looks at her...
The elimination of buyer-agents continues: The U.S. Department of Justice broke its silence in court on Tuesday on the impending changes coming for the real estate industry in the wake of settlement agreements by major brokerages and the National Association of...
There used to be a belief that any defects that had been fixed, or things that happened to previous owners weren't required disclosure items for today's home sellers. But it's gotten very specific now - and beginning July 1st, AB-968 takes effect. If the home is...
While management believes that buyer-agents will adapt and the implementation of the buyer-broker agreement will happen over the next few months, I have my doubts. It's more likely that buyers will resist paying 2% to 3% to their agent, unless they are convinced that...
Test drive an agent free for seven days! Now that NAR’s proposed settlement of the Sitzer/Burnett lawsuit has received preliminary approval, the industry is receiving numerous updates about the future of real estate practices. One change, set to take place in July, is...
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...
