Tag: industry issues

DOJ Lawsuit Forces Realtors To Change Co-op Commission Practices

DOJ Lawsuit Forces Realtors To Change Co-op Commission Practices
For some time the way realtors get home sellers to pay buyers’ agents (co-op) commissions has come under antitrust scrutiny. About 1 1/2 years ago a class action lawsuit was filed by some home sellers alleging that several brokerages engaged in price fixing with regard to co-op commissions. Now, just 1 1/2 weeks ago, the... Read more »

Real Estate Appraisals In The Time Of Coronavirus

Real Estate Appraisals In The Time Of Coronavirus
I’ve written a few blog posts about real estate appraisals in the past – most recently this one about the inherent biases in the appraisal process that make them kinda worthless. That one also contains a link to an earlier one on some of our worst experiences with real estate appraisals. Well, with the Coronavirus... Read more »

Reality Doesn't Live Up To The Real Estate Negotiation Myth

Reality Doesn't Live Up To The Real Estate Negotiation Myth
At this point in my career I’ve witnessed or been a party to hundreds of real estate negotiations and I can tell you in no uncertain terms that the process doesn’t usually live up to the expectations of either home buyers or sellers. I actually wrote a really comprehensive blog post on this topic about... Read more »
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Can A Lawsuit Preserve The Super Secret Pocket Listing?

Can A Lawsuit Preserve The Super Secret Pocket Listing?
Back in November I wrote about how the National Association of Realtors’ new Clear Cooperation Policy was going to finally crack down on the shady pocket listing practice and the super secret realtor networks that enabled them. As my use of adjectives and that previous post hints I’m clearly no fan of pocket listings. I... Read more »

Mobility Trends: People Just Don't Move Like They Used To

Mobility Trends: People Just Don't Move Like They Used To
OK. This blog post sounds an awful lot like the one I did a little over 2 1/2 weeks ago where I talked about how long people are staying in their homes. But the data I shared in that post was less than ideal. It was biased by only looking at people who moved and... Read more »

National Association Of Realtors Finally Cracking Down On Pocket Listings

National Association Of Realtors Finally Cracking Down On Pocket Listings
In the past 6+ years I’ve written at least half a dozen posts about the evils of pocket listings – listings that are “coming soon” or otherwise “off market” and either temporarily or permanently not on the MLS. Despite the fact that a majority of real estate agents don’t like pocket listings the National Association... Read more »
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Selling A Home Fast With An iBuyer - Who Is Losing Their Ass?

Selling A Home Fast With An iBuyer - Who Is Losing Their Ass?
For about 2 1/2 years now I’ve been posting about the iBuyer real estate models – where a company will buy your house from you quickly, for cash. In a nutshell my concern has been that a) enough consumers are smart enough to take advantage of the mistakes these companies will inevitably make that b)... Read more »

What The Stock Market Tells Us About The Future Of The Real Estate Industry

What The Stock Market Tells Us About The Future Of The Real Estate Industry
I’ve been predicting the demise of the traditional real estate agent/ brokerage for a couple of decades now. I got into the business 12 years ago because I believed that there was about to be an explosion of interest in alternative brokerage models. Yet, the future of the real estate industry has been slow to... Read more »

How Home Buyers And Sellers Can Navigate The Cooperating Commission

How Home Buyers And Sellers Can Navigate The Cooperating Commission
On Thursday I explained how cooperating commissions work, who pays them, and what impact it has on real estate transactions. What I put off until today was the various options that home buyers and sellers have in lowering the cost of these commissions – although I did mention how home sellers could take advantage of... Read more »
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The Truth About Coop/ Buy-side Real Estate Commissions

The Truth About Coop/ Buy-side Real Estate Commissions
A couple of weeks ago I wrote about those allegations of conspiracy and collusion. No, not Russian interference in our election. I’m talking about that class action lawsuit regarding alleged price fixing with regard to real estate commissions. It centers around cooperating (buy side) commissions – why they are needed and how they are priced.... Read more »