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Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

by John G. Stevens | Mar 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Publisher’s View: In a recent publication by the National Association of Realtors (NAR) titled “The Truth About the NAR Settlement Agreement,” significant strides toward transparency and ethical conduct within the real estate industry are...
NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

NAR and MBA Urge Regulators and GSEs to Confirm Support for Buyer Financing

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) sent a letter to the Federal Housing Finance Agency, Federal Housing Administration, Fannie Mae, and Freddie Mac requesting confirmation that homebuyers can continue to access...
Pending Home Sales Up in February

Pending Home Sales Up in February

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales during February were up by 1.6% from January, according to the National Association of Realtors (NAR). On a year-over-year basis, pending sales were down by 7%. NAR’s Pending Home Sales Index (PHSI) increased to 75.6 in February; an index of 100 is...
Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

by Phil Hall | Mar 27, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The lead plaintiff in the Sitzer/Burnett case stated that landmark lawsuit was based on her real estate agent’s refusal to negotiate her commission – but rather than sue the agent, she was steered into suing the trade association representing real estate...
NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

by Phil Hall | Mar 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In the wake of the $418 million settlement by the National Association of Realtors (NAR) that will result in changes to the real estate agent commission structure, a new problem arose regarding veterans seeking to buy a home using a VA home loan. Under the current...
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