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Buyers’ Agent Fees Could Drop With Updated Transparency Regulations

first_img Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago February 26, 2021 1,902 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Data on real estate agent commissions is about to become entirely public for the first time in American history.It’s the result of an antitrust settlement between the National Association of Realtors (NAR) and the Department of Justice (DOJ), and industry pundits expect it will usher in a new era of pricing competition in housing.In early February, Redfin announced it would display the buyer’s agent commission for more than 700,000 home listings. Now that will be standard practice industry-wide.”Homebuyers will finally see how much money their agent stands to earn on any home for sale, letting them evaluate whether they’re getting good value for their money,” said Redfin CEO Glenn Kelman. “On the other side of the deal, people listing their home will find out what other sellers are paying buyers’ agents, without having to take their agents’ word for it. This information could usher in a new era of price competition that saves consumers billions of dollars in fees.”The NAR/DOJ agreement also forbids real estate agents from misrepresenting that buyer broker services are free.Most homeowners don’t fully comprehend how their agents are paid, found a 2019 survey commissioned by Redfin, which, more specifically, showed 61% of homebuyers did not understand commissions. “This leaves buyers unable to compare agent services and evaluate them on service and price,” Redfin reported.”In a typical home sale transaction, the seller pays the fees of both their agent and the buyer’s agent,” according to the latest from Redfin data journalist Lily Katz. “The total commission is normally 5%–6%, with about half paid to the seller’s agent and half to the buyer’s agent.”The DOJ settlement only impacts buyer’s agent commissions, which are the focus of the latest Redfin report. Past research has indicated that price transparency across industries often leads to lower prices.“When a homeowner can see that their neighbor offered a 2.5% buyer’s agent commission rate, it makes it much easier to justify offering a similar rate when they sell their home,” said Redfin Chief Economist Daryl Fairweather.Technology and other factors have led to increasingly lower commissions for buyer’s agents, as well, Katz wrote. In a red-hot seller’s market, some have realized that finding a buyer will be a cinch, regardless of the commission they offer to the buyer’s agent, Katz noted.“I’ve been talking with some of my sellers about offering no more than 2.5% given the lack of inventory,” Sylva Khayalian, a Redfin real estate agent in Los Angeles told Katz. “There’s such a huge shortage of houses for sale that most homes will attract a long line of eager buyers no matter what. As a result, many sellers feel they don’t need to compensate the buyer’s agent as much for that part of the process.” in Daily Dose, Featured, Market Studies, News Buyers’ Agent Fees Could Drop With Updated Transparency Regulations Previous: How Many Mortgage Holders Are Still Utilizing Forbearance? Next: Many SFR Investors Face Above-Average Risk of Default Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago 2021-02-26 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Home / Daily Dose / Buyers’ Agent Fees Could Drop With Updated Transparency Regulations The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Subscribelast_img read more

Belfast Blues Begins Previews Off-Broadway

first_img Related Shows Belfast Blues The production is directed by Emmy winner Carol Kane. View Comments Set in Belfast in the 1970s and 1980s, Belfast Blues is one wee girl’s story of family, war, Jesus and Hollywood. In the show, Hughes portrays 24 different characters, ranging from her parents and neighbors to most importantly her younger self. The off-Broadway return engagement of Belfast Blues begins performances on September 20. Written and performed by Great White Way alum Geraldine Hughes, the limited engagement will play through October 5 at the Barrow Street Theater. Show Closed This production ended its run on Oct. 5, 2014last_img read more

Top 40: Packs

first_img1. Mountain Hardwear SummitRocket 30The Summit Rocket is flimsy in a good way, with just enough design and padding in the harness to keep it comfortable without loading you down. This pack feels more like a day pack than the Sierra Designs Summit Sack, but our tester liked the multi-functionality of this bag, thanks to the removable frame sheet. Keep the plate in the bag, and you’ve got enough support to haul all your gear on a long day hike. Lose the removable frame sheet and you’ve got a legit lightweight sack that you can stuff into a larger bag for short excursions without all your gear. I found myself wanting a couple of compression straps to keep the load tight, but you can’t have everything in a single bag. 16 ounces.$150; mountainhardwear.com3. Keen Springer Backseat PackNot enough room in your daypack for a camp chair to enjoy the summit vista? Keen has solved this common problem with this combo of the two in the Springer Backseat Pack. While the back of the bag drops into instant comfort, the inside holds enough for a long day on the trail, as well as a three-liter hydration reservoir.$100; keenfootwear.com3. Sierra Designs Summit SackThis super light weight bag (12 ounces, 1300 cubic inches) has a couple of day pack features, like an external pocket, key loop, and waist belt, but make no mistake, this is a minimalist sack meant for fast and light excursions from basecamp. Stuff a couple of extra layers, lunch, water, and a map into the bag and leave the rest of your gear in your tent and you’re good to go. The roll top closure is a bit more cumbersome than a typical zipper, but the pack felt good on our backs and was snug enough to handle a light jog in order to double time it back to camp before nightfall. It stuffs easily into a multi-day pack on its own, or use it to keep your clothes organized, or as your sleeping stuff sack.$49; sierradesigns.com4. Camelbak MolokaiThe Molokai is a hands-free hydration vest, specifically designed for stand-up paddleboarding. A wide, accessible opening lets you fill the two-liter reservoir quickly without the annoying bladder unloading, while easily adjusted tension straps on the harness enable a snug fit. There are also generous cargo pockets for keeping essential quick stash items close. Available in early 2012.$100; camelbak.com5. Showers Pass VeleauCarrying water on your back is so last year. The Showers Pass Veleau puts the bladder on the back of your seat, freeing your back to, well, be free. Strap the bladder to the seat post, then run the drinking tube over your bike’s top tube with a series of magnets. After you take a sip, drop the tube and a drawstring and magnets secure it back in place on the top tube. The system is easy to use, once it’s attached to your bike. But the set up is a bit cumbersome, so don’t expect to move the bladder quickly from bike to bike. Our tester liked the storage pocket that was included on the bladder. But mountain bikers beware: the bladder juts out pretty far from the back of the seat, so you won’t be able to “sink” below the seat on a steep downhill.$80; showerspass.com6. Geigerrig 500You could go on sucking water from your hydration bladder like you’ve been doing for the last decade or so, or you could evolve to Geigerrig’s pressurized hydration bladder, which delivers a jet stream of water, thanks to the pressurized air chamber. Pump air into the bladder, squeeze the nozzle, and watch water shoot out. Okay, sucking water from a hose isn’t that difficult, but it’s nice to be able to share water with ride mates and dogs without sharing spit. Even better is the inline water filtration option, which allows you to fill your bladder directly from a stream without having to worry about purifying. The pack itself is built from bomb-proof ballistic rip-stop nylon, and has some nice details like a dedicated iPod/iPhone pocket. Being able to turn the bladder inside out and wash it in the dishwasher is also a brilliant touch.$125; geigerrig.comlast_img read more

Abbey back in Coronation habit

first_imgSt Nicholas Abbey will face a maximum of six rivals when he bids for a hat-trick of wins in the Investec Coronation Cup at Epsom on Saturday. The globetrotting Dunaden and Dandino look to be St Nicholas Abbey’s main rivals on paper. Dunaden was last seen finishing third in the Prix Ganay over a trip short of his best, while Dandino made a pleasing return in the Jockey Club Stakes at Newmarket. Chapter Seven, in the same ownership as Dunaden, has been left in by Stuart Williams. Aidan O’Brien’s six-year-old entire proved he was as good as ever when victorious in the Dubai Sheema Classic at Meydan in March and the Ballydoyle handler could also be represented by Chamonix and Ernest Hemingway. Former O’Brien inmate Joshua Tree could run for Ed Dunlop after his first start for his new connections at York. center_img Press Associationlast_img read more