Listen: Meet the brokerage that taped those calls and takes credit for starting a DOJ suit
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The commission a buyer s agent earns is in the spotlight.
A number of suits have criticized the way the commissions are set up, alleging the arrangement has an upward pressure on prices. While buyers agents have a fiduciary responsibility to the homebuyer, their commissions are largely set by the homeseller before the property is listed on an agent-to-agent database known as the multiple listing service.
Despite being paid by the seller, buyers agents are required to work in the homebuyers best interest which means they should not steer buyers to one house or another just because of how much they ll be paid. However, phone calls recorded by the brokerage Rex seem to show real estate agents doing just that.
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Texas Realtors announces 2020 Texas real estate award winners
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AUSTIN, Texas, Feb. 23, 2021 /PRNewswire/ Texas Realtors recognized outstanding members and local Realtor associations during its annual Texas Realtors Winter Meeting, which took place virtually Feb. 16-18. Last year was an unprecedented year in Texas real estate, said Marvin Jolly, chairman of Texas Realtors. This past year, Realtors in the Lone Star State went above and beyond to support their communities, elevate our industry and impact the lives of their clients. These awards are a testament to the resiliency of Realtors, particularly during these challenging times.
Dallas-Fort Worth new homes hit record sales pace, HomesUSA com report finds bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Zillow delivered tangible value to agents while the legacy industry stood by. Zillow has become the industry's octopus, its tentacles reaching everywhere.