A landmark settlement announced last week that could change how the National Association of Realtors handles real estate transactions has sparked headlines about potential price drops in the US housing market.
But in virtually all cases, the impacts on housing costs will be driven by market forces of supply and
COLLEGE STATION, Texas (KBTX) – The National Association of Realtors accepted a $418 million settlement covering claims of antitrust violations.
However, the settlement isn’t finalized just yet. Before any changes affect the market, the US Department of Justice and the courts also have to accept the terms of the settlement, according to realtor Raylene Lewis.
Lewis said her office is already fielding calls from homebuyers about the possible impacts of the proposed settlement.
According to her, buyers have expressed concerns about the settlement possibly leading them to pay more than expected.
“They’re wondering if they’re going to have a whole
A real estate agent accidentally burned a multi-million dollar property to the ground while preparing for an open house, with her employer ordered to pay more than $850,000 in damages.
Sydney real estate agent Julie Bundock was preparing for an open house at a four-bed home on Sydney’s northern beaches when she noticed the current renters of the house had left some bedding on the deck to dry.
She removed the sheets and threw them in a downstairs room onto a shelf below a light, which she then switched on.
About 20 minutes later a major fire broke out in
CHARLESTON, SC (WCSC) – A proposed multi-million-dollar settlement with the National Association of Realtors is getting Lowcountry real estate agents talking about how this will impact their businesses and the home-buying process.
Some agents say it is not going to change so much for the average real estate agent and how they do business. But what will change is how the average home buyer might go about getting representation for when they want to buy a home.
This is because it might cost a buyer more in commission fees than before.
Lee Allen, managing broker at Corcoran HM Properties, says
BELLINGHAM, Wash., March 22, 2024 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its latest milestone – securing the top spot in five categories on the coveted RealTrends 500 report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent . The company also moved up to No. 3 in two categories: Volume and Billionaires’ Club.
The RealTrends 500 is a highly respected barometer for performance in the residential real estate sector,
Hyderabad: Members of B&G All Colonies Association, consisting of a federation and residents from several colonies in Bairagiguda and Gandhamguda, Rajendranagar constituency, complained to revenue officials, the municipal commissioner and the local MLA after a major road connecting Narsingi with Bairagiguda was closed at the behest of a real estate firm.
They complained that because of the illegal road closure, they were now forced to take an alternative route, which is around eight km, while the actual stretch is only one km.
“In addition to 250 colonies in our association, around 120 colonies in Hydershakote are also with us. Over
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, commonly of up to 6% of the purchase price.
Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will be thin, further driving down commission prices.
“For years, anti-competitive rules in the real estate industry have financially harmed millions,” said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the
The way homes are bought and sold in the Dallas-Fort Worth metroplex may change if a $418 million settlement reached by the powerful National Association of Realtors last week holds up.
The settlement changes several rules that lawsuits allege forced sellers to pay artificially inflated prices to sell their homes. It could mean the end of the 6% commission. The agreement must be approved by a federal judge.
The NAR will no longer require a broker advertising a home on the Multiple Listing Service to list or offer any upfront compensation to a buyer’s agent. Offers of compensation can be