The settlement would mark a significant change for buyers, sellers and real estate agents. It's uncertain how real estate markets will make the transition between now and mid-August, when the settlement is due to go into effect. Mortgage loans from our partners Best Mortgage Lenders ...
In the wake of a class-action lawsuit about agent commissions, this "cooperative compensation" model no longer applies and agent commissions cannot be included in MLS listings. Home sellers will still pay their own listing agents, and sellers could potentially offer to help pay for the buyer's...
Curious what the NAR lawsuit is about? Check out our video to find out why NAR chose to settle and eliminate the buyer-broker compensation rule. Is the Housing Market in South Carolina Going to Crash? A housing market crash in South Carolina is unlikely. South Carolina home values have be...
You Determine the Value of a Mother-in-Law Suite What Are the Drawbacks of Mother-in-Law Suites? Final Thoughts on Mother-in-Law Suites What Should People Know About Mother-in-Law Suites? The first thing you should know is that mother-in-law suites go by many names: an in-law apartme...
In March, the National Association of Realtorsagreedto a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. ...
As top real estate agent Rachel Moussa of Flower Mound, Texas, explains, in most places, “the standard has been for sellers to pay both the listing agent and the buyer’s agent’s commission.” However, as part of the NAR lawsuit settlement terms, buyers are now expected to negotiate ...
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You may also want to see if any of your other neighbors would want to join in and add their name to a letter, police complaint or lawsuit. If your neighbor really is a problem, chances are you aren’t the only one being annoyed. If you’re thinking of updating your home this year...
Over the years, the association’s name changed several times until, in 1972, it became the National Association of Realtors. Today, its mission is “to help its members become more profitable and successful,”2by "influencing and shaping the real estate industry";4advocating for "the right ...
Alis pendensis an official notice to the public that a lawsuit involving a claim on a property has been filed. Lis pendens is connected to the concept that a property buyer must assume any litigation that exists pertaining to the property. If a bank is suing the owner of a lot and a ne...