Consumer watchdog advises buyers to pay agents ‘2% or less’

The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead. Continue reading

Consumer watchdog develops new standard to assess buyer contracts

After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers. Continue reading

Buyer agency contracts riddled with ‘unfair’ terms, CFA declares

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny. Continue reading

NAR breaks silence on DOJ call to decouple commissions

Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading