The government wants to know what’s up with real estate pocket listings

Pocket listings and state regulations regarding dual agency and minimum service requirements may be on the agenda at the real estate competition workshop to be held by Department of Justice and the Federal Trade Commission on June 5.

‘I only want the listing agent’: What buyers should know about dual agency

When buyers have the option of working with a buyer’s agent who will represent their interests exclusively or working with the listing agent who has a fiduciary duty to the seller, an increasing number of buyers are choosing the listing agent, especial…

The Inman Files: Pocket listing + dual agency = home sale horror story

Once, many years ago, I got totally aggravated by how dirty my shower had gotten. In my impulse to clean up the mess, I threw some Clorox on the tile floor and then sprayed liquid ammonia on the walls. I nearly died. Another volatile combination I have…

Why an NYC listing agent became a buyer’s broker

Take the average real estate transaction and then imagine an exquisitely tricky minefield — that’s the situation that many buyers in the Big Apple are up against. Despite real estate apps galore, no magic bullet exists for putting together a successful offer on a Manhattan housing cooperative unit, for example, something that anyone who has been through will describe as a winding labyrinth …

The legal pitfalls of dual agency in real estate

For the first time in history, homebuyers are deliberately creating dual agency situations as many refuse to work with anyone but the listing salesperson. Couple this with pocket listings, lax agent attitudes toward dual agency issues, and a recent Cal…

The top 7 real estate industry court battles of 2016

This was not an idle year for court battles involving real estate entities. There were numerous opportunities for the state of the industry to change based on a judge’s order …

California Supreme Court rules on dual agency case

The California Supreme Court has upheld an appeals court decision finding that a listing agent who participated in the 2007 sale of a Los Angeles home for $12.25 million owed fiduciary duties to the buyer because both buyer and seller were represented …

Full disclosure: This is about Maryland’s open house disclosure laws

A long time ago, there was a small town with one real estate agent. This agent helped people buy and sell homes. Then the agent hired a friend. They bought and sold homes for people and earned a living as Friends Real Estate Co …

Justices grill Coldwell Banker on dual agent role

The seven justices of the California Supreme Court heard oral arguments yesterday in a dual agency lawsuit that could change how the state’s agents and brokers do their jobs when participating in in-house deals. The suit was filed in 2010 by …

Dual agency case heads to California’s highest court

If a buyer and seller in a real estate transaction are each represented by separate agents from the same brokerage, do those agents owe a fiduciary duty to both buyer and seller? The California Supreme Court may soon decide that question for the more t…