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Realtor group could cut commissions to settle lawsuits

lolita, 10/04/2025

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Local realtors weigh in on recent $418M settlement regarding home commissions

lolita, 09/04/2025

A recent nationwide settlement by the National Association of Realtors (NAR) could drastically impact how buyers and sellers compensate real estate agents. Critics argue the existing system artificially boosts agents’ commissions.

The settlement marks a shift in the real estate landscape, with potential implications for millions of homebuyers, sellers, and real estate professionals nationwide. While attorneys continued to finalize the specifics, local realtors commented on the potential impact.

“The recent settlement for NAR means a better pathway forward for consumers and their realtors,” said Greater Owensboro Realtor Association President Matthew Schell. “The settlement, which is focused on helping commission disclosures to the public, includes two fundamental changes to the daily practice of real estate agents.”

NAR represents more than 1 million realtors in the US, and since the 1980s, sellers have determined the commission paid to buyers’ agents for the use of the multiple listing service (MLS). As is, data from Forbes suggests buyers’ and sellers’ agents can share anywhere between 5-6% commission. As reported by national outlets, critics suggest including commissions on the MLS encouraged brokers to steer buyers toward more expensive listings.

Owner and principal broker of Triple Crown Realty Group Charlie Dawson elaborated on the presumption that

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Median Gold Coast rental prices soar to $850 a week for a house, $680 a week for a unit

lolita, 08/04/2025

Renting on the Gold Coast is so expensive that tenants are sharing properties with as many people as they can make ends meet.

Key points:

  • Gold Coast tenants are living with up to five housemates to afford rent
  • The median cost of a unit on the Gold Coast has risen to $680 a week
  • In 2022, 25,715 interstate arrivals moved to the Gold Coast

Among them is disability support worker Lillian Reed, who moved to the Gold Coast – Queensland’s most expensive place to rent – ​​two years ago.

“I live with four other people, so five people in a four-bedroom house,” she said.

“It’s just so much more expensive here and there’s obviously a lot more competition, so it’s tough.”

The 24-year-old initially planned to live in a beachside suburb but couldn’t afford it, so she moved into the smallest and cheapest room in her Varsity Lakes home.

A blonde girl smiles at the camera sitting in a bar with the beach in the background.

Lillian Reed is living with four other people so that she can afford to live on the Gold Coast.(Supplied: Lillian Reed)

“I need to be working six days a week [to afford it] and our rent has increased by $110 in the past year, so it just keeps

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Buying, Selling A House In CA? The Rules Are Changing: What To Know

lolita, 07/04/2025

CALIFORNIA — If you recently bought or sold a home in California, you know the seller likely paid a 5% to 6% commission. Half of that fee probably went to the listing agent and half to the buyer’s agent.

The National Association of Realtors reached a settlement agreement on Friday that changed the commission rules. The settlement, which must still receive court approval, is seen as a “landmark case” in the nation’s real estate market, but what will it mean in California?

The NAR commission rule is at the heart of the settlement agreements in California and across the nation. Under existing language, a seller’s agent must disclose the commission cut for the buyer’s agent when listing homes on NAR-affiliated multiple listing services (MLS).

For example, on public interfaces like Zillow or Realtor.com, when consumers browse homes for sale they will see a “buyer’s agent fee” — usually 2.5-3%.

In California, the seller typically pays both sides of the commission. So if a house sells for $1 million, and a 6% commission is split between a listing agent and a buyer’s agent, the seller loses $60,000 off the top. The buyer still pays $1 million.

The settlement agreement “is

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Loophole adds to ‘shameful’ rental conditions in England, says housing chief | Property rental

lolita, 06/04/2025

A loophole allowing landlords to rent out squalid homes is contributing to “shameful” conditions of the type seen nearly a century ago, the head of England’s environmental health chiefs has said.

Peter Wright called for wholesale reform of how the private rented sector is regulated to address “serious systemic failings” that leave tenants at the mercy of rogue landlords.

Colleagues had seen properties in such disrepair – racked with mold, damp and rats – that they “keep officers awake at night”, he said. “There are some living conditions today that are as poor as we would have found in the 1930s, 40s and 50s. It’s shameful to feel that there are still people living in terrible conditions in 2023 in England.”

Wright, the chair of the Association of Chief Environmental Health Officers in England, spoke to the Guardian as part of a series shining a light on Britain’s private rental sector. He said landlords had been able to get away with renting out squalid homes because there was no legal minimum standard that private rented properties in England had to meet, unlike in the social housing sector.

This means it is not illegal for a landlord to rent out a

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Premium Land Now Selling at Waterfront Destination on NSW South Coast

lolita, 05/04/2025

With the beach on one side and a harbor on the other, Shell Cove is set in a prime position on the NSW South Coast – and now is your chance to secure pristine land within it.

The Waterfront, Shell Cove – developed by Frasers Property Australia and Shellharbour City Council – is offering a limited boutique collection of land lots that will be ready to build on in 2024.

Ranging in size from 450sqm to 531sqm, the lots include coastal, beachfront and harbourfront positions.

A limited collection of lots is now selling at The Waterfront, Shell Cove.


Rare chance to buy and build

Known for its beautiful beaches, bushland and laid-back lifestyle, this coastal pocket of NSW has a scarcity of land that can be developed, making The Waterfront a unique opportunity.

“It’s not like you can come back and say, ‘Oh well in a few years’ time there will be more of that land’, as there simply isn’t’,” says Dino Carulli, Sales and Marketing Director at Frasers Property Australia .

“It’s not often you get a spot where you can walk one way to a harbour, and in a matter of metres, the other way to the beach.”

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Renters would now be financially better off buying one-third of the places they rent

lolita, 04/04/2025

Renters in many major capital cities would now be financially better off buying the apartment or unit that they live in, according to new analysis that further highlights the ongoing rental affordability crunch for lower-income households.

The data from private analytics company PropTrack compares the estimated cost of renting a property for 10 years versus purchasing one with a 20 per cent deposit, adding in stamp duty and rates.

Early last year, it was found about one-quarter of properties nationally were cheaper to buy than rent. This has now risen to a third.

This trend is much more acute when you split out apartments or units.

a graph with bar charts and cities

Housing analytics firm PropTrack released this data on November 28, 2023.(Supplied: PropTrack)

PropTrack economist Paul Ryan says this trend is emerging not because buying is getting cheaper but because rents keep going up rapidly, especially at the “bottom end” of the market dominated by students, young people and those on lower incomes.

“We’ve seen rent growth on units increase quite substantially,” he adds.

Housing market analysts say there are many reasons behind the continuing rental crunch, including the resurgence of migration, unwinding trends after the pandemic and a slowdown in new

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Famous architect’s ‘dancing home’ for sale

lolita, 03/04/2025

Internationally acclaimed architect Peter Stutchbury’s own house, that he designed, built, and lived in for 25 years is for sale again.

West Head House in Clareville has been featured in numerous magazines and Peter and his wife Phoebe, who works alongside him, raised their three children in the home.

Built in 1992 the five-bedroom, three-bathroom home just 300m beach from Clareville Beach sold to Vincent Sweeney in 2013 for $1.5m. It is now coming back onto the market after Easter via LJ Hooker Palm Beach with an expressions of interest campaign and guidance of $6.9m.

MORE: Inside Mark Wahlberg’s $100m Sydney mansion

Peter Robinson, of LJ Hooker Palm Beach, said West Head House, on Hudson Pde, has been cited consistently for its thoughtful and innovative use of resources and its deep respect of the landscape.

“This is a large residence which still dances lightly on the landscape … capturing the broad expansion of Pittwater to the north while nestled in an extraordinary canopy of towering gum trees,” he said.

The timber and steel house has separate pavilions for living, sleeping and self-contained guest accommodation and broad decks connecting the interiors. The house is oriented to the north, protected from the

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Mobile Legends Releases New Hero on December 27, Cici Ready to Rock the Land of Dawn

lolita, 02/04/2025

TRIBUNNEWS.COM – The eSports game Mobile Legends will release a new hero on the original server, on Wednesday, December 27 2023.

The confirmation of the release of this new hero has been announced by Mobile Legends via an inbox notification in the system column.

The new hero who is ready to shake up the Land of Dawn Mobile Legends is Cici.

Also read: Mobile Legends Zodiak Event: Complete List, Prices, Dates and How to Get Skins

Mobile Legends notification regarding the release of the new hero Cici
Mobile Legends notification regarding the release of the new hero Cici.

Having a role as a fighter, Cici will be the 123rd hero in Mobile Legends.

The release of the Cici hero is what Mobile Legends players have been waiting for, because it was delayed for 4 days.

Because, Cici’s initial plan was to be released to coincide with the reset season 30 of Mobile Legends which took place Saturday, December 23 2023.

However, after the season reset was carried out, the hero Cici never appeared in the game.

After investigating, Mobile Legends had postponed the release of the hero Cici due to bug problems and gameplay.

Get to know Hero Cici

This hero belongs to the Fighter class which has impressive single-target damage.

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What Comes Next for the Housing Market?

lolita, 01/04/2025

Federal Reserve officials are planning to cut interest rates this year, real estate agents are likely to slash their commissions after a major settlement and President Biden has begun to look for ways his administration can alleviate high housing costs.

A lot of change is happening in the housing market, in short. While sales have slowed markedly amid higher interest rates, both home prices and rents remain sharply higher than before the pandemic. The question now is whether the recent developments will cool costs down.

Economists who study the housing market say they expect cost increases to be relatively moderate over the next year. But they don’t expect prices to actually come down in most markets, especially for home purchases. Demographic trends are still fueling solid demand, and cheaper mortgages could lure buyers into a market that still has too few homes for sale, even if lower rates could help draw in more supply around the edges.

“It has become almost impossible for me to imagine home prices actually going down,” said Glenn Kelman, the chief executive of Redfin. “The constraints on inventory are so profound.”

Here’s what is changing and what it could mean for buyers, sellers and renters.

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