Category: Consumer Advocacy
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Fully Uncoupled Real Estate Purchase Transaction Model
When I’m the listing agent or the seller, and you’re the buyer, how would you feel about me paying your home inspector? Is it impossible to think that payment from me might induce your home inspector to lean the inspection report to the seller’s favor? How different is the situation when I might pay your…
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The Evolution of Real Estate Purchase Transactions
From prior to the existence of the National Association of Realtors and MLSs, through to the time of the Sitzer Burnett NAR lawsuit proposed settlement and Department of Justice involvement Pre-NAR Pre-MLS Simple Scenario No Agents Neither party has an agent. Pre-NAR Pre-MLS Agent Scenario Both parties might have an agent. circa 1994 NAR MLS…
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Disallow Collusion by Disallowing “Cooperative Compensation System” between agencies?
NAR Settlement with Sitzer-Burnett Seller Plaintiffs goes plenty far enough? It seems like this proposed settlement still allows for all the collusion hocus-pocus and fee overpricing to continue. Curious, what do you think about the most drastic, radical, solution being proffered? How about both NAR, and every one of the 50 state licensing boards, disallow…