Watchdog: Beef up referral fee disclosure or prepare for lawsuits

A report released on Tuesday by the Consumer Policy Center suggested lawsuits will follow if brokerages, real estate portals and regulators don’t step in and add transparency first. Continue reading

It’s ‘difficult’ for buyers ‘to negotiate lower commission rates,’ watchdog says

The Consumer Policy Center says that buyer’s agents have learned to hedge against the newfound ability of buyers and sellers to negotiate rates. Continue reading

Low-fee brokers can offer quality, full service for less: Watchdog

“All low-commission brokers employ at least some competent, experienced agents,” but sellers should comparison shop, according to a new analysis by advocacy group Consumer Policy Center. Continue reading

Give us your hot take on the new Zillow, Redfin listing rules: Pulse

As we navigate the whirlwind of opinions around seller choice, private listings and portal response, we want to hear from you. Continue reading

Watchdog calls on DOJ to investigate private listing networks

Consumer Policy Center fellows Stephen Brobeck and Wendy Gilch praised Zillow’s private listing ban while calling on the Department of Justice to limit the spread of private listing networks. Continue reading

Law professor creates contract with buyer interests in mind

University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal. Continue reading

Attorneys, consumer groups have got eyes on agents: The Download

Everyone — from Michael Ketchmark to the consumer advocates behind Moehrl — is letting agents know that they’re under scrutiny as they implement the new rules of buyer agreement and (not) commission-sharing. Continue reading

Consumer group: Stop trying to ‘force’ sellers to pay buyer brokers

Doug Millier and Wendy Gilch of Consumer Advocates in American Real Estate revealed to Inman on Tuesday the origins of the Moehrl case while sending a warning that the industry will be “under a microscope.” Continue reading