It's been over two weeks since the verdict was announced on the commission lawsuit, and the response from the realtor community has been tepid, to say the least. Agents are waiting to see a strong example of how to convince buyers to sign a buyer-broker agreement....
There are three ways to get exposure to realtors. Word-of-mouth from friends and family. Personal experience or investigation. Realtor-paid advertising. First, let's identify how realtors get their business. Either they earn the business (#1&2 above), or they buy...
A simple analogy for realtor commissions is a long-distance flight abroad. Someone who was booking a flight from San Diego to Phoenix probably wouldn't be too concerned about the quality. Because the flight only takes an hour, most can endure the...
Did you know that none of the jurors had sold a house before? It was part of the screening too, and the defense attorneys were so cocky that they didn't think it would matter. Their witnesses were a smart-aleck NAR CEO on his way out the door, and an elderly...
The first week after the realtor-lawsuit verdict went as expected - chaos, doom, and no sexy alternatives. It will take years to appeal, but it won't matter how it turns out. Buyers are going to be paying their agents. If sellers aren't obligated to pay any commission...
A good example of the places that could be undervalued is Terramar in Carlsbad. It's a neighborhood of 240 homes near the beach, and the living is so good that there is rarely any turnover. Without a flow of recent sales, who knows what the market will bear -...
This topic came up in my 45 hours of continuing education, and Donna agreed that rarely do listing agents comment on their seller's disclosures - do they even read them? A focal point as we transition into single agency: To complete the disclosure process, the...
Currently, every listing agent is required to offer some sort of buyer-agent compensation on the MLS. Zillow and Redfin publish those commission amounts on every listing now, so they are all out in the open. Today, there are 79 homes for sale between La Jolla and...
People are asking about the NAR lawsuits - hat tip to Susie, Gerry, and Carl! The lawsuit that began this week contends that realtors force sellers to pay a commission to the buyer's agent. Two defendants, ReMax and Anywhere (Coldwell Banker, Sotheby's, etc.) have...
Remember when Doug said that buyers these days want something special? With all the domestic and international conflicts, mortgage rates at 16-year highs, and ultra-low inventory making the house-hunting almost unbearable for most buyers, there are still homes selling...
