commission: Can Buyer Rebates Hurt A Seller? - 09/27/16 01:49 AM
In the business of real estate, the BIG D doesn't refer to Dallas… it refers to DISCLOSURE. 
Sellers have plenty to worry about when they list a home.  Selecting the right Listing Broker goes a long way toward protecting a Seller's interests before, during, and after a sale. A savvy, experienced Listing Agent will strategically work to reduce factors which can create conflict between parties. From property condition to title issues,  full disclosure is always the best policy. 
WHAT ABOUT THE BUYER? 
Consumers are slower to realize that there are disclosure obligations on the Buyer's side as well. Many states prompt a Buyer to … (2 comments)

commission: What are IRS Reporting Requirements for Cooperative Commissions? - 12/13/13 05:40 AM
Brokers who don't currently practice collecting a W-9 from Cooperating Brokers for ALL real estate transactions might be in for a shock... The National Association of Realtors has advised its members that listing brokers are required to report real estate commission payments for cooperating brokers on Form 1099-MISC.  Details of this reporting requirement can be found on the NAR website, www.realtor.org, under the Law and Policy section*.   
To be in compliance, listing brokers must obtain a completed and signed W-9 form for each cooperating broker participating in any and all real estate transactions. 
 
While this is common practice for lease transactions, … (6 comments)