Commissions held steady after Aug. 17, Redfin study shows

Commissions have been slowly declining over the last decade, but since the NAR settlement terms went into effect this summer, buyer’s agent commissions have seen little impact. Continue reading

Veterans Affairs will suspend rule blocking vets from paying agents

Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process. Continue reading

Andy Florance: Bombshell lawsuits will upend Zillow’s business model

CoStar CEO Andy Florance dished with Intel about the commission lawsuits, nemesis Zillow and NAR as Homes.com nabbed 100 million unique visitors for the first time ever in September. Continue reading

More than 700 agent steering calls suggest price-fixing, lawyers charge

In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX. Continue reading

‘Highly uniform’ commissions designed to thwart competition: study

The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading

Why REX pays buyer agents and uses MLSs — sometimes

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

10 scenarios that can get new agents ethics violations, lawsuits or worse

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

Ethics violation, lawsuit or worse: 10 situations that get agents in trouble

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

NAR-DOJ rule changes won’t come for months

Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading