Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading
Both Redfin and the Massachusetts Board indicated that they are working together to resolve the disclosure issue. Continue reading
Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massac… Continue reading
Clients are accusing top New York brokerage Houlihan Lawrence of forging disclosure forms in the firm’s effort to have their dual agency lawsuit dismissed. In a lawsuit first filed in July and amended in October, four buyer and seller plaintiffs … Continue reading