We've got data on a very broad survey of almost 3 million listings done by credentialed economists that shows that sellers typically leave money on the table if they sell their home off market.
Don't forget to study: NAR advises first-timers to seek out the help of a real estate professional (naturally), but reminds consumers to do their homework before deciding on an agent.
The company issued a statement after the settlement hearing, saying, "As the only U.S. brokerage that has saved consumers more than $1.6 billion in fees, Redfin never belonged in this case, and we're glad to resolve it and move forward."
Total existing home sales hit a 14-year slump, falling 1% in September compared to August and declining 3.5% year-over-year, according to the latest data from the National Association of Realtors.
The National Association of Realtors is growing its series of post-settlement guides for consumers, with the most recent addition aimed at helping sellers understand their options for choosing — or not — to make an offer of compensation.
In its latest guide, NAR doesn't address the new rules directly but explains what it means for agents to act in the best interest of buyers and sellers.
The latest move: In a joint status report filed August 29 in U.S. District Court in the District of Columbia, NAR noted that it will file a writ of certiorari — the formal process to request a review of a lower court's decision — by October 10.
The overall takeaway, T3 Sixty said, was that survey results "indicate a clear need for NAR to improve its communication and support efforts, address leadership and organizational issues and provide comprehensive training and resources."
