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Buyer Agents

All articles tagged with #buyer agents

real-estate1 year ago•6 min saved

"Major Realtor Settlement: Impact on Homebuyers and Industry Practices"

Home sellers who sold a home in the last four years are entitled to a portion of the $418 million Realtor settlement fund, with individual payouts estimated to be as low as $13 after deducting attorneys' fees. The settlement also includes revisions to commission rules, requiring written agreements between Realtors and buyers, potentially impacting how buyer agents get paid. While some anticipate a significant drop in commission rates, others believe the settlement may not lead to substantial changes in industry practices.

via OCRegister|

#buyer-agents #commission-rates #home-sellers

real-estate1 year ago•10 min saved

"Realtor Settlement's Impact on Home Prices, Veteran Homebuyers, and Zillow's Concerns"

The National Association of Realtors has agreed to pay $418 million in an antitrust lawsuit alleging that the group had artificially inflated realtor commissions, potentially impacting home prices. The settlement may lead to changes in how buyer agents are compensated, with potential effects on home sellers and buyers. While the full impact remains uncertain, the real estate industry could see more negotiable commissions and increased competition, potentially leading to lower home prices and more homes on the market.

via Vox.com|

#antitrust-lawsuit #buyer-agents #home-prices

business2 years ago•2 min saved

Real Estate Stocks Plummet as Lawsuit Verdict Shakes Market

Shares of real-estate companies, including Zillow, Redfin, and Opendoor, plummeted after a Missouri jury ruled that the National Association of Realtors, HomeServices of America, and Keller Williams colluded to inflate commission rates. The ruling could lead to an injunction preventing commission sharing on multiple listing services (MLSs), which would impact the buyer-agent business. Analysts believe the ruling could bring significant changes to the Participation Rule, potentially banning or making it optional for seller agents to disclose compensation to buyer agents. This could shift the burden of payment to buyers and reduce their use of agents. Zillow, heavily reliant on its Premier Agent business, could face headwinds to revenue if buyer agent usage declines. Redfin CEO Glenn Kelman sees the ruling as an opportunity for the industry to have more transparent conversations about fees.

via MarketWatch|

#business #buyer-agents #commission-rates