Thu Mar 28, 2024 on News
There is a sense of uncertainty in the residential real estate market due to the recent settlement of the National Association of Realtors (“NAR”) in which NAR agreed to not continue a longstanding practice that required home sellers to indicate the amount they would pay a home buyer’s agent. Questions as to the timing as to when prospective buyers or sellers […]
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 […]
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, […]
Mon Oct 23, 2023 on News
Weight loss drugs, such as Ozempic, are potential disrupters to not only business in general but also the real estate market. Why? With the popularity of such weight loss drugs, people’s overall behaviors have influenced the food industry. Walmart reported that customers taking Ozempic buy less food and which in turn, has an effect on retail space. Retail food stores and food […]