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Late last year, a jury in a Kansas City federal court found the longstanding practice to be a form of collusion that artificially inflated real estate fees, awarding a massive $1.78 billion ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller (s) and the other being the buyer (s). It can often be quite complicated due to the complexity of the property rights being transferred ...
Home staging. Home staging is the preparation of a private residence for sale in the real estate marketplace. [1] The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Staging techniques focus on improving a property's appeal by insuring it is a ...
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...
Missouri home sellers in 2019 filed a class-action lawsuit, alleging that NAR set anti-competitive rules that require them to pay the buyer's real estate agent fee as a condition of listing a home ...
No. Home sellers are not required by law to use a real estate agent, broker or Realtor (a Realtor is simply an agent who is also a member of the National Association of Realtors, or NAR ...
Closing (real estate) The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [1] On the closing day, ownership of the property is transferred from the seller to the buyer. In most jurisdictions, ownership is officially ...
A settlement from the National Association of Realtors is set to usher in the most sweeping reforms the U.S. real estate market has seen in a century. What the National Association of Realtors ...