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...
Every realtor-related entity is scrambling right now to train agents how to get their buyers to agree to a contractual relationship where the buyer pays the buyer-agent commission. It would all be well and good - and be similar to the listing agreement we have with...
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...
Yesterday, we attended Gov's annual update on new laws and forms for 2024. He touched on many topics - including that landlords in California might be agreeing to tenants for life because it's so hard legally to get rid of them - but the most interesting was his...
From our broker of record: Q. The seller told me that when he bought the property seven years ago there were drainage, soils and foundation issues. He said he has fixed everything and there have been no issues or problems during his ownership. He said because he...
Sellers can decide their price in the beginning, and I'll take the rest: A net listing is used only with sellers, not buyers. It is structured as either an open or an exclusive type of listing. The net listing is distinguishable from all other listing arrangements due...
One more blog post about the coming changes to the realtor environment. Regardless of how the commission lawsuits are resolved, there will be a push - and possibly a mandate - for buyers to pay their agent directly. Agents will want buyers to sign an agreement to that...
Hopefully NAR is busy in settlement talks right now, because they just don't seem to get it, or they have trouble putting it on paper. These are their latest explanations: https://realestatecommissionfacts.com/ However, there might be hope for settling the case:...
Zillow CEO Rich Barton weighed in on the bombshell cases in both an investor call and a shareholder letter. Barton’s key comment came early in the call when he said “We also believe complete disruption to the existence of buyer’s agents is improbable for a few...
