Late last week, the National Association of Realtors (“NAR”) reached a $418 million nationwide settlement of claims, pending approval by a federal court, that the industry conspired to keep agent commissions higher. As we discussed in a recent blog, the NAR had been faced with a jury verdict of $1.8 billion in damages, finding that industry rules for how buyer’s agents […]
Category: Blog
In the aftermath of the recent Federal Court ruling that held the National Association of Realtors and large residential brokerages liable for approximately $1.8 billion in damages after finding that they conspired to keep residential commissions artificially high, questions as to how, moving forward, commissions for buyer and seller Realtors will be structured remain. Currently, sellers pay their Realtor’s commission, […]
Tue Aug 8, 2023 on Blog
Are you a seller willing to provide a mortgage to a prospective home purchaser? Or, are you a residential home purchaser able to purchase a home for full price or even a higher offer and seek alternative financing? There is an uptick in seller financing for both parties due to the increase in interest rates to date and lenders becoming […]
Tue May 9, 2023 on Blog & Florida Real Estate
Cash offers on homes have increased substantially over the last few years. In 2022, according to Redfin, 30% of all home sales were paid with all cash with 64% of all $1 million plus sales in Palm Beach, Miami-Dade, and Broward counties as well as 46% those under $1 million being cash deals. What are the Seller Advantages? Although it may be […]