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HOME FOR SALE 

A Challenge to Real Estate Commissions Gains Ground

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Others, however, dismiss that concern. Stephen Brobeck, a senior fellow at the consumer federation, said buyers wouldn’t have to come up with the cash upfront. Rather, they could finance the commission through their mortgage just as they finance other closing costs. And paying their agent directly would allow them the opportunity, perhaps, to negotiate a lower commission.

The plaintiffs, who are seeking class-action status for the suit, are asking for damages and a halt to the practice of having sellers’ agents pay commissions to buyers’ agents.

The brokerages named in the suit are Realogy, the parent of Century 21, Coldwell Banker and others; HomeServices of America, a Berkshire Hathaway affiliate; Re/Max; and Keller Williams. HomeServices and Keller Williams declined to comment. Re/Max said it would “continue to vigorously defend” itself against a “baseless” suit. Realogy said in a statement that the case was “without merit.”

Here are some questions and

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HOME VALUES 

Oil gains after biggest one-day rally in five months as presidential homecoming lifts sentiment

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Simon Dawson/Bloomberg via Getty Images


  • Oil prices extended gains on Tuesday after Monday’s “presidential homecoming” triggered a big rally and lifted investor sentiment alongside worker strikes in Norway and a hurricane in the US.
  • Brent crude leapt 6% to $41.5 a barrel and US benchmark West Texas Intermediate jumped 6.3% to $39.5 on Monday, recovering the lion’s share of the heavy losses late last week.
  • A worker strike in Norway’s oil and gas industry and the start of evacuations in the Gulf of Mexico ahead of the expected Hurricane Delta helped lift prices on Tuesday.
  • However, an OANDA analyst warned that betting on Brent’s rise to $44, or WTI near $42, would be a “painful trade.”
  • Visit Business Insider’s homepage for more stories.

Oil prices extended gains on Tuesday, following Monday’s explosive rally that followed President Donald Trump leaving the Walter Reed National Military Centre to return to the

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HOME VALUES 

GTA home sales and prices see double digit September gains

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Toronto home prices and sales continued to hit records in September as pent-up demand and historic low borrowing costs pushed prices up 14 per cent to $960,772 across all housing types, including condos.

The number of transactions also soared 42.3 per cent year over year, said the Toronto Regional Real Estate Board (TRREB) on Tuesday.

It reported the biggest gains in the 905 areas surrounding the city, with single-family homes leading the growth.

Detached houses were the region’s hottest selling properties, going for 12.9 per cent more compared to last September at an average of nearly $1.2 million.

The 905 communities saw a 63.6 per cent increase in the number of detached home sales and a 16.9 per cent gain in the average selling price to over $1.1 million. Detached houses in the city of Toronto sold for about $1.5 million on average — 9.4 per cent more year over

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FLORIDA REAL ESTATE 

Northeast Florida real estate market shows healthy gains this summer

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For the Times-Union

The real estate market in Northeast Florida is thriving. Record low interest rates are motivating buyers while limited homes available for sale and price appreciation are providing sellers with a unique opportunity to maximize their homes’ value and earn more profit. During the month of August, 26 percent of homes in Northeast Florida sold over list price.

“In my nearly 20 years in the business, I have never seen a market like the one we have been experiencing since June,” said Berkshire Hathaway HomeServices Florida Network Realty President and CEO Christy Budnick. “We are experiencing a fast-paced market with multiple offers on homes for sale in all price categories.”

Realtor Zack Williams received seven offers on his Montclair Drive listing, which went under contract in three days and sold for $5,000 over the $365,000 listing price. There were eight offers for Realtor Sarah Rothstein’s listing on Invermere

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FLORIDA REAL ESTATE 

Jacksonville real estate market shows healthy gains this summer

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The real estate market in Northeast Florida is thriving. Record low interest rates are motivating buyers while limited homes available for sale and price appreciation are providing sellers with a unique opportunity to maximize their homes’ value and earn more profit. During the month of August, 26 percent of homes in Northeast Florida sold over list price.



diagram: Shown is the outdoor living area at 3751 Montclair Drive in Jacksonville. Listed by Realtor Zackery Williams, the home received seven offers, went under contract in three days and sold for $5,000 over the $365,000 listing price.

© Berkshire Hathaway HomeServices Florida Network Realty
Shown is the outdoor living area at 3751 Montclair Drive in Jacksonville. Listed by Realtor Zackery Williams, the home received seven offers, went under contract in three days and sold for $5,000 over the $365,000 listing price.

“In my nearly 20 years in the business, I have never seen a market like the one we have been experiencing since June,” said Berkshire Hathaway HomeServices Florida Network Realty President and CEO Christy Budnick. “We are experiencing a fast-paced market with multiple offers on homes for sale in

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