The reporting on the NAR settlement seems to be focused on creating hysteria, rather than finding the truth. Realtors commissions have always been a juicy topic, and the media is intent on using this opportunity to fabricate wild and salacious stories to attract the...
Everyone seems to have a take on the commission lawsuits. This is one of the best: A way to implement an instant solution within the existing framework is to require that realtors possess a broker's license, which takes a minimum of two years experience (or a...
What a headline! Nowhere in this article does it say that NAR is slashing commissions or that any agents - the people who determine the commissions - have agreed to slash the commissions. The weak, spineless agents who have nothing else to offer will gladly agree to...
It's been obvious that the entire real-estate-selling business has been deteriorating towards single agency. I see it every day on the street, and I've posted evidence of the shift regularly. The trend is moving quickly now on multiple fronts. The DOJ is going to...
The commission lawsuits and action by the DOJ will cause buyers to wonder if they need to pay for representation, and what do they get if they do. It will also be a function of how much it costs. If the service was free, everyone would do it. It's been like that in...
These Palo Alto guys have been making national headlines since they rolled out their reduced-commission program last week. They are offering a $10,000 fee to buyer-agents, instead of a percentage, AND encouraging buyers to come directly to the listing agent to avoid...
Please use your own directions. NOW EXCEPTING BACK UP OFFERS... AGENTS: PLEASE PROVIDE BUYERS POF AND LENDER APPROVAL OR, IF CASH - BUYERS PROOF OF FUNDS WHEN SCHEDULING A SHOWING. Seller only wants serious buyers. Do not sue ShowingTime. Michelob lamp does not convey...
We don't need the DOJ or commission lawsuits to take down our business - realtors will self-destruct, beginning with the elimination of the buyer-agents as we've known them. A few of the comments below. Click here to see the whole thread.
It's inevitable that artificial intelligence will be utilized in the business of selling homes. Having AI assist with writing home descriptions or other advertising would seem to be a natural fit. How about speaking with clients on the phone though? Listen to the...
As a battle of words and philosophies rages between major real estate portals, Compass CEO Robert Reffkin on Thursday jumped into the fray and threw support behind the newest entrant in the space, Homes.com. Reffkin was asked about Homes.com’s “your listing, your...
