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The Companies Placing 40-Year Listing Rights on Deeds A listing agreement is the document the seller signs so a real estate pro can start marketing a home. It commits the homeowner to work with the broker. Would you feel comfortable committing to one particular real estate broker for 40 years? Some homeowners are doing just …
Continue reading ““Cash for Listing”: Getting Paid to Commit to a Future Real Estate Broker”
A new real estate agent commission lawsuit is afoot: QJ Team LLC and Five Points Holdings LLC v. Texas Association of Realtors Inc. This one is Texas-specific.
Some hopeful home buyers don’t want an agent. “Why, in the age of online marketplaces and bank apps,” they might ask… “Can’t I find a home myself and make a deal with the owner?” Some write to owners, asking who wants to sell person-to-person — no agents. No bidding wars. No agent commissions. “And why …
Continue reading “The “Post-MLS” Market: Is Being Your Own Agent the Future of Real Estate?”
Bombshell Verdict Promises to Transform Home Sale Deals At the end of October, a federal jury in Kansas City found some of the largest U.S. real estate players liable for inflating agent commissions. The National Association of REALTORS® (NAR) and several large brokerages colluded to set commissions, the jury found. The verdict in the Sitzer/Burnett …
Continue reading “REALTORS® Reel From Burnett v. NAR Verdict”
Update: Jury sides with home sellers in commissions trialAfter less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion. – Real Estate News The trial started this week. Yes, in an actual courtroom. Sellers in a class action are suing the key real estate …
Continue reading “Agent Commissions (Literally) on Trial. What’s at Stake for Buyers and Sellers?”
Recently, a D.C. schoolteacher was in the news after getting licensed as a real estate agent. Why was this newsworthy? Because her reason for getting licensed was to learn the ropes, stop renting, and buy a house in the burbs. Save the buyer’s portion of 5% to 6% in agent commissions, get access to the …
Continue reading “Would You Become a Real Estate Broker to Buy Your Own Home?”
The Harrisburg office of Attorney General Josh Shapiro recently announced a lawsuit against Amanda Zachman, founder of MV Realty, and the company itself. A.G. Shapiro slammed the company for misleading Pennsylvania homeowners with a so-called Homeowner Benefit Program and recording liens on homes without notice. MV Realty charges an upfront payment in return for getting exclusive listing …
Continue reading “Pennsylvania Sues Broker for Recording Sneaky Liens on Homes”
Is a real estate move among your New Year’s resolutions? If so, there are some advantages in selling early in the year. But whenever you do it, successful selling is an art. Here are a few tips to create the perfect mindset.
Why are all those staged photos and information about your home still open for all to view online, along with the history of the home’s pricing? If you haven’t looked since you bought your home, it’s likely to be easy enough to find. Just do a search for your address. Whether the internet puts your …
Continue reading “We Bought Our Home Years Ago. Why Is It Still on the Internet?”
Know the Signs Have you noticed homes for sale on the Facebook (Meta) Marketplace? Or Craigslist? Some of the listings offer a great way to spot a home. But shopping for homes online is not without risks. This year in Florida, three scammers have swindled more than a dozen people who thought they were browsing …