Ken Rosen, the chairman of the Fisher Center For Real Estate, at Berkeley's Hass School of Business, talked recently about future real estate trends. Two points stood out: 1.) The old paradigm of...
Real Estate Commission
Real estate agents have been creating new real estate commission plans. JLee Realty has recently implemented a 0% real estate listing commission plan. Their expressed goal is to attract as many buyer agents to their listings as possible.
If their own buyer agent submits a successful offer, they reduce their listing commission to zero percent. JLee Realty will not receive any more commission if their seller accepts an offer from JLee Realty than if a purchase offer is accepted from any other brokerage.
Furthermore JLee Realty is not offering any enticements for a buyer to drop their own buyer agent and use a buyer agent from JLee Realty when they make an offer.
Tech Store, Fry’s Electronics, Is Shutting Down
Marking a change in Silicon Valley that many residents don't think about, Fry's Electronics, is shutting down the 31 stores it has remaining. Many...
Renting Out Your Condo or Townhouse
Assembly Bill 3182 (Civil Code Section 4740 and Civil Code Section 4741) limits the restrictions common interest developments may impose on offering...
Making A Purchase Offer
For many years in Silicon Valley, a purchase offer for a home was typically made at a specified "purchase offer date" promoted by the sellers' real...