On Wednesday, eight homebuyers filed an amended complaint, once thought to be dead, against NAR, Realogy, Keller Williams and others alleging NAR rules have inflated agent commissions. Continue reading
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading
Given how slowly change takes place in the real estate industry, any change in compensation may be years off, says author and coach Bernice Ross. On the other hand, if the DOJ were to force the end of the shared compensation, the industry will have to … Continue reading
For some agents and brokers, the very idea of negotiating commission is taboo. For others, negotiation, even on commission is always on the table, especially in hyper-competitive markets. Continue reading
REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading
Institutional investors are a growing presence in the housing market. The savvy agent should learn their ways — even if it feels unnatural. Continue reading
As a newbie, you don’t want to find yourself amid an ethics violation, lawsuit or worse, but it can happen to even the most earnest of agents. Here are 10 hypothetical situations that help illustrate how you can avoid some very real problems. Continue reading
Even the most earnest real estate agents can accidentally make a false step that could wind them up with an ethics violation, a lawsuit or even revocation of their license. Check out Inman’s handy charts to learn the consequences of 10 situations. Continue reading
Plaintiffs in an antitrust lawsuit that could shake up the real estate industry have subpoenaed mortgage giants Fannie Mae and Freddie Mac, sharpening scrutiny of real estate commissions nationwide. The subpoenas were issued by the smaller of two bombs… Continue reading
A Corcoran spokesperson tells Inman “three emails containing inaccurate and misleading Corcoran information were distributed within Corcoran.” Continue reading