The verdict for the Sitzer/Burnett case has been reached and additional legal proceedings have been filed. Amidst the upheaval in the real estate industry, attention is now more focused than ever on buyer agency. Some fear that buyer’s agency will go away, but the truth is that buyer’s agency is incredibly important. The purchase of … Read More
Author: Kathy Denning
Probable Impacts to the Relocation Industry from the Guilty Sitzer/Burnett Verdict
A “Guilty” verdict has been reached in the Sitzer/Burnett case regarding the cooperative compensation rule. This rule mandates that listing brokers must offer compensation to a buyer’s broker in order to submit a listing to the MLS. The jury determined that the conspiracy aimed to raise, inflate, or stabilize broker commission rates paid by home … Read More
Amendment to Non-Canadian Home Purchasing Act
Canada has recently announced changes to the Prohibition on the Purchase of Residential Property by Non-Canadians Act, allowing more foreign nationals to purchase homes in the country. The Act originally restricted non-Canadian citizens and permanent residents from owning residential property, with limited exceptions. Previously, temporary residents were required to have filed their income tax returns … Read More
Why Your Mobility Policy Should Include Agent Network Usage Part 2
When establishing a mobility policy, one of the decisions Human Resources (HR) will need to make is whether to require their transferring employees to use their Relocation Management Company’s (RMCs) network of agents. In last week’s blog we discussed the role that agent referral fees play in reducing the overall cost of the mobility program … Read More
Why Your Mobility Policy Should Include Agent Network Usage Part 1
As a Human Resource (HR) manager or business owner, you know that managing an employee’s relocation in a cost-effective and compassionate way is essential for the success of your business as it can have a major impact on employee satisfaction, productivity, and overall business performance. In this article, I will explain the importance of utilizing … Read More