Realtor

So long, 6% commission.For decades, real estate commissions have been somewhat standardized, with most home sellers paying 5% to 6% commission to cover both the listing agent and the buyer’s agent. On Friday, everything changed.A landmark agreement from the National Assn. of Realtors paved the way for a new set of rules that will likely shake up the entire industry, affecting sellers, buyers and the agents tasked with pushing deals across the finish line.The most pivotal rule change pertains to how buyers’ agents are…

Realtors are being deluged with class-action lawsuits threatening to upend the traditional real estate compensation system, with 16 “copycat” cases filed in the wake of a mammoth $1.78 billion verdict handed down last October against top industry groups. Two California lawsuits filed this month — one in Los Angeles and one in Sacramento — brought to 20 the number of federal court cases seeking to end requirements that home sellers pay agents for the buyers. The lawsuits name the National Association of Realtors and more…

Buying a home is a huge deal! It’s what many of us aspire to do one day. Although the entire process can be long and arduous, it’s usually worth it in the end. You’d assume that your biggest worries would be your funds or the properties available. But sometimes, it’s the realtor who’s the issue. Especially if they’re trying to play everyone for more cash.Redditor u/Mysterious_Peas delighted the r/pettyrevenge subreddit with a story about how she put a greedy California realtor, representing the seller, in his place. The…

Douglas Kerbs wasn’t looking for a home when he stumbled upon a turn-of-the-century mansion in Cap Hill. But he didn’t want to see the 9,104-square-foot home at 727 N. Washington St., which was built in 1911, turned into a law firm office, apartments or condos. So he purchased the home himself in 2008, paying $1.3 million, according to property records. “I wasn’t shopping around for a home, but when I walked in it spoke to me immediately,” Kerbs said. “It was in such disrepair, so I wanted to save it for its history. I…