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Buyer Representation: What’s Changed, and What Hasn’t
Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s changed: Mandatory written buyer agreements. One of the most significant changes is the requirement for written buyer agreements to be…
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Judge grants final approval to 9 commission lawsuit settlements
Key Inflation Rate Hits 2.1% in September, Closing in on Fed Target
Inflation rose slightly in September, according to a U.S. Bureau of Economic Analysis report released October 31. The Personal Consumption Expenditures (PCE) price index increased 0.2%. Excluding food and energy, the PCE price index increased 0.3%. Real DPI increased 0.1% in September and real PCE increased 0.4%; goods increased 0.7% and services increased 0.2%. Personal…
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DOJ Misses NAR Settlement Objection Deadline as Other Parties Weigh In
This week—specifically this past Tuesday—was the deadline for anyone to enter a formal objection to the National Association of REALTORS®’ (NAR) settlement agreement, struck with class-action seller plaintiffs back in March. While about half a dozen parties came forward, including plaintiffs behind other commission-focused lawsuits and a law professor who has written critical analyses of…
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‘Haunted’ Homes a Target for Lowball Offers, WIth Sellers Unlikely to Disclose
Is a real estate negotiation on a haunted home doomed from the start? Not necessarily, but concessions may be part of the process, according to Clever-affiliated researcher Real Estate Witch. In the never-ending quest for a smart buy, 54% of Americans claim they would dare to buy a haunted house. That number ballooned to 72%…
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Judge rules in favor of Serhant over KW Black Label in recruitment suit
BREAKING: Judge Approves Copycat Settlements for Nine Brokerages
A federal judge today gave a final stamp of approval to settlement agreements struck by nine large brokerages, confirming immunity from seller-filed commission lawsuits despite objections from some other plaintiffs. Judge Stephen R. Bough of the Western District of Missouri oversaw a final “fairness hearing” for the agreements struck by Compass, The Real Brokerage, Realty…
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Judge Dismisses Two Claims Against CoStar in Realtor.com ‘Data-Theft’ Case
In a court ruling October 28, California District Judge George H. Wu partially granted CoStar Group’s motion to dismiss claims in the lawsuit filed by Move, Inc., the parent company of rival Realtor.com®, throwing out (at least for now) two accusations related to computer crimes. Wu granted Move “leave to amend,” setting a deadline of…
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Thoughts on Leadership: Lessons From the Dinosaurs
As a lifelong fan of dinosaurs, especially the mighty T-Rex, I thought it would be fun to share some fascinating facts about these incredible creatures. What’s more, there’s a surprising number of lessons we, as modern humans—and leaders—can take from these ancient rulers of the Earth. The era of dinosaurs: 165 million years of dominance…
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KW relaunches BOLD coaching program amid changing times
Housing industry Budget reaction: London renters and first-time buyers facing woe - Evening Standard
4 Key Strategies to Get Homes Sold Faster and for Top Dollar
As a REALTOR®, it is known that there are different strategies for different market conditions. Homesellers these days face challenges in the current market they may not have just a few years ago. Here are four strategies to suggest they employ to get client properties sold quickly and for the prices they desire. Have a…
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Realty One Group Opens in Uruguay
Realty ONE Group International has announced the company is opening business in Uruguay, the 22nd country to join the global franchise. Eugenia Aiello, who has 26 year’s experience as an independent broker, became the international regional owner of Realty ONE Group Argentina last year and is now partnering with fellow industry veteran Hernan Bach to…
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A year after the Sitzer verdict, here are my top 5 takeaways
Mortgage Rates Increase for the Fifth Consecutive Week, Reaching 3-Month High
Reaching a three-month high and their fifth-consecutive week of increases, the average 30-year fixed rate mortgage climbed to 6.72%, up from last week’s average of 6.54%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. “Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning…
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