MINNEAPOLIS — Minnesota home sales may look different in the future.
A recent antitrust lawsuit in Missouri could potentially impact real estate here.
“The entire real estate industry is talking about it,” said Ryan O’Neill of ReMax Advantage Plus.
Homeowners in Missouri filed a lawsuit against several brokers and realtors. They argue that home sellers shouldn’t have to pay commission to a buyer’s agent since that agent doesn’t represent them. Ultimately, the home seller wins the case.
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“I think all the various brokers and the agents in…
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Rachel Borg: passenger in alleged Monterey street racing crash hit with fresh charge
A Bondi real estate agent has been hit with a new charge after he allegedly withheld information from police about a deadly street racing crash that killed two young brothers.
Raquel Marie Borg, 24, was allegedly in an Audi driven by Adam Yurun on August 25 last year when it was captured on CCTV street racing against a car driven by Jimmy Martin Brito.
The competing cars allegedly reached speeds of more than 130 km/h in 60 km/h residential zones along The Grand Parade in Monterey in Sydney’s south.
Police allege the men were drag racing when Mr Brito lost…
Can NJ homebuyers expect big cuts in realtor commissions? | Videos
Major changes in the sale and purchase of real estate are expected after the National Association of Realtors agreed to pay $418 million to settle lawsuits from home sellers, who argued that realtor commissions were inflated. As a result, the standard 6% commission in home purchase transactions is projected to be significantly reduced.
What will the settlement mean for those looking to buy or sell a home in New Jersey? “We expect it to potentially be signed off within the next few months. And the changes that they are talking about will take effect sometime in July,” said Gloria Monks,…