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Search resuls for: "Keller Williams Realty"


7 mentions found


☆ What a buyer’s agent will do for you when you’re looking for a new home
  + stars: | 2024-04-22 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +8 min
The obligations of a buyer’s agent to youLegally and ethically, buyer’s agents have six key obligations to you. Obedience: While they can make recommendations, a buyer’s agent must follow your instructions, assuming you’re not asking them to do anything illegal. Such a body may be known as the real estate commission, the board of real estate or department of real estate. Find out, too, if the agent has availability that will work with your schedule, said David Kent, founder of The Real Buyer’s Agent in Charleston, South Carolina. It also may include what commission you will pay the agent if the seller of a home you buy hasn’t agreed to pay both the listing agent and the buyer’s agent, which is traditionally how it’s been done.
Persons: –, ”, Amy Lessinger, That’s, ” Lessing, Lessinger, else’s, you’re, RESPA, they’re, Jason Abrams, David Kent, Kent, ” Abrams, Abrams Organizations: New, New York CNN, National Association of Realtors, NAR, National Association of Real, Keller Williams Realty Inc Locations: New York, Charleston , South Carolina
☆ Keller Williams Agrees to Pay $70 Million to Settle Real Estate Agent Commission Lawsuits Nationwide
  + stars: | 2024-02-01 | by ( Associated Press | Feb. | At P.M. | ) www.usnews.com   time to read: +3 min
LOS ANGELES (AP) — One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions. In October, a federal jury in Missouri found that the National Association of Realtors and several large real estate brokerages, including Keller Williams, conspired to require that home sellers pay homebuyers' agent commission in violation of federal antitrust law. More than a dozen similar lawsuits are pending against the real estate brokerage industry. Two other large real estate brokerages agreed to similar settlement terms last year. In their respective pacts, Anywhere Real Estate Inc. agreed to pay $83.5 million, while Re/Max agreed to pay $55 million.
Persons: brokerages, ”, Michael Ketchmark, Keller Williams, homebuyers, “, ” Gary Keller, Max Organizations: ANGELES, Keller Williams Realty Inc, National Association of Realtors, Inc Locations: Illinois, Missouri, Austin , Texas
☆ Lawsuits are shaking the NAR’s grip on America’s real estate fees
  + stars: | 2023-11-06 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
It’s easy to forget how much we used to rely on real, physical paper and, like, other people to buy basic things. It wasn’t all that long ago that you’d call a travel agent to book a flight. But the sellers argued that in a competitive market, the buyers should pay their own agent’s commission, and negotiate that fee separately. Because even though the NAR says fees are negotiable, the industry has made 5%-6% commissions so standard that most people wouldn’t question it. According to Bloomberg, Realtor commissions are high by global standards.
Persons: CNN Business ’, Anna Bahney, Keller Williams, Bob Goldberg, ”, you’re, you’ll Organizations: New, New York CNN, CNN Business, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, NAR, MLS, Bloomberg, Department of Justice Locations: New York, Missouri, America, Australia
☆ After a $1.8 billion verdict, the clock is ticking on the 6% real estate commission
  + stars: | 2023-11-05 | by ( Manav Tanneeru | Anna Bahney | ) edition.cnn.com   time to read: +7 min
And yet, every day, people across America hire a real estate agent to help them sell a home. While state governments license real estate agents, NAR has an extensive code of ethics it expects members to adhere to. NAR and the brokerages have vowed to appeal the verdict, which means real estate commissions aren’t going anywhere immediately. Last month Redfin, an internet real estate company, left the association. The longer-term impact of the verdict may be that the pairing of buyer’s agent commission and seller’s agent commission will eventually be separated.
Persons: Keller Williams, –, Corcoran —, Kenny Parcell, ”, Mantill Williams, Darryl Frost, homesellers, Stephen Brobeck, ” Brobeck, Jen Davis, ” Davis, “, they’ll Organizations: DC CNN, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, Coldwell Banker, Sotheby’s, Realty, NAR, US Department of Justice, “, Consumer, Consumer Federation of America, Holt Homes Group Locations: Washington, America, Missouri, Keefe, Springfield , Missouri
☆ A new 'wake-up call for real-estate agents' could reshape how we buy and sell homes
  + stars: | 2023-11-01 | by ( Hana R. Alberts | ) www.businessinsider.com   time to read: +4 min
A jury found Tuesday that real-estate agents and brokerages kept their commissions artifically high. The verdict, she added, is "a wake-up call for real-estate agents." The seller might no longer pay out both agents' commissions after the sale closes. Currently, home sellers often list their properties for higher sums because they expect to pay broker fees. AdvertisementAdvertisement"NAR and corporate real-estate companies have had a stranglehold on real-estate commissions for too long," the plaintiffs' lawyer, Michael Ketchmark, said outside the courtroom Tuesday, according to the Journal.
Persons: brokerages, —, Sissy Lappin, James Rodriguez, Rodriguez, Bernstein, Keller Williams, Michael Ketchmark Organizations: Service, National Association of Realtors, NAR, Wall Street, Keller, Keller Williams Realty Locations: Houston , Texas, Midwest
☆ The San Jose housing market is so competitive that a house with an 'inactive meth lab' is on the market for $1.55 million
  + stars: | 2023-10-25 | by ( Jordan Pandy | ) www.businessinsider.com   time to read: +3 min
A San Jose home is the site of an "inactive meth lab and meth contamination," the listing reads. "If it's a meth lab, it shouldn't be listed at that price, not in that neighborhood," an agent said. AdvertisementAdvertisementThe housing market in San Jose, California, is so hot that even a former meth lab is asking well over $1 million. A six-bedroom home is currently listed at $1.55 million, but the kicker is it's being sold as is — "inactive meth lab" and all, reads the listing description. According to Redfin, San Jose has the most competitive housing market in the country, beating out neighboring cities like Sacramento and San Diego.
Persons: —, Redfin, Diane LoVerde, Santa Clara County, LoVerde, Zaid Hanna, KRON4, Keller, Cindy Selleos Organizations: Service, Court Locations: Jose, San Jose , California, San Jose, Sacramento, San Diego, California, Zillow, Santa Clara
☆ These three giant historic mansions were all on the market at the same time in Detroit
  + stars: | 2023-01-15 | by ( Konstantina Buhalis | ) www.businessinsider.com   time to read: +5 min
The Book, Kresge, and Whitney mansions were on the market until the Book finally sold. The Book, Kresge, and Whitney mansions were on the market for months, with the Book finally selling at the end of 2022. The Book Mansion, sold for $1.2 millionJames Burgess Book Jr. developed the Book Mansion, part of the historic Indian Village neighborhood, in 1911. James Burgess Book Jr. developed the Book Mansion, part of the Indian Village neighborhood, in 1911. The Kresge Mansion has staff quarters and a carriage house with living quarters upstairs.
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