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The sale of the home also includes a 2.75% commission to a real estate agent who brings in a buyer, if that agent is a member of the Keys Multiple Listing Service.
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 ...
When a buyer's agent is able to view offers of compensation in advance, it is possible to discourage buyers from pursuing homes that would result in lower pay for the buyer's agent. This practice of encouraging guiding buyers toward homes with higher commission rates is known in real estate as steering. [8]
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 ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
However, a new ruling in Florida’s Third District Court of Appeals last month diminished the property rights of condo owners and gave veto power to any one unit owner who held out from the ...
The homeowners received notice of the assessment in early June, which detailed how the HOA’s reserves had never been fully funded in its 20-year history, presenting the community with a ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...