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A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
The verdict in the NAR lawsuit has made it likely the real estate industry won’t be able to charge 5%-6% commission rates across the board, writes Stephen Brobeck.
In the United States, most homes [1] are bought and sold using real estate agents affiliated with the National Association of Realtors (NAR), an industry lobbying group with over 1.5 million individual members. [2] NAR permits only its members to call themselves Realtors.
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
In United States law, a lis pendens (Latin for 'suit pending' [1]) is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office.
That year, the Aladdin Company of Bay City, Michigan, offered the first kit homes through mail order. In 1908, Sears issued its first specialty catalog for houses, Book of Modern Homes and Building Plans, featuring 44 house styles ranging in price from US $360 (equal to $12,208 today) – $2,890 (equal to $98,003 today). The first mail order ...
Many thought the internet would eventually kill the 6% real estate commission. ... A $500,000 home sale with a 6% commission means the seller pays their broker $30,000 upon settlement, which that ...
Cover of the 1916 catalog of Gordon-Van Tine kit house plans A modest bungalow-style kit house plan offered by Harris Homes in 1920 A Colonial Revival kit home offered by Sterling Homes in 1916 Cover of a 1922 catalog published by Gordon-Van Tine, showing building materials being unloaded from a boxcar Illustration of kit home materials loaded in a boxcar from a 1952 Aladdin catalogue