Tag: Real Estate Reform
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Dane County, Wisconsin Event Helps Deed Holders Delete Racial Covenants
In June, a two-and-a-half-hour event took place at the Alliant Energy Center Exhibition Hall in Madison. The goal? To deal with harmful, racially motivated deed restrictions. Local leaders showed up — and led. Title professionals came to help deed holders fill out and record the document called “Discharge and Release of Discriminatory Restriction Affecting Real…
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Will Congress Expand the Capital Gains Exemption to Help People Sell Their Homes?
Property values keep going up. Why doesn’t the capital gains exemption do the same? Taxes on home sales can make deed holders hold their homes when they might otherwise sell. When current deed holders don’t want to sell their properties, inventory suffers. Meanwhile, there are young people looking for homes to buy.
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Paying the Agents: In “Post-Commission” Times, Buyers Finally Have a Say
Last year, the National Association of REALTORS® (NAR) settled a major lawsuit and agreed to change the way agents get paid. Buyers now know they’re covering their agents’ commissions themselves. Once NAR agreed to new rules, as part of the $418 million lawsuit settlement, some people predicted a new wave of buyer-friendly competition among agents.…
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REALTORS® Reel From Burnett v. NAR Verdict
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…
