Real estate coach Skye Michiels on why sell-side commissions might rise and new models could emerge

Three days before the new business practice changes mandated by the settlement of the National Association of Realtors‘ commission lawsuit went into effect, HousingWire caught up with top real estate coach Skye Michiels to talk about how his agents are handling the big changes. Michiels, the former
Read MoreCFPB orders Fay Servicing to pay $2M over illegal foreclosure practices

The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The deal includes a $2 million fine and potential limitations to the CEO’s compensation. A company spokesperson wrote to HousingWire that “Fay continues to strong
Read MoreOpinion: It’s time for real estate to do the right thing

Doing the right thing is easy in theory, but often the hardest in practice. Our family established Baird & Warner more than a century ago with a mission to serve buyers and sellers with transparency and integrity, and we’ve endured many changes in our industry during this time. Sometimes, our choice
Read MorePlaintiffs’ attorneys seek $36.8M from the Gibson commission lawsuit settlement

Plaintiffs’ attorneys in the Gibson copycat commission lawsuit are seeking $36.8 million, or one-third of the $110.6 million total settlement in the case, according to documents filed on Tuesday. This amount is only for the Gibson suit, which was combined with the Umpa suit in April, as the settleme
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