Ordinance 22-6, effective March 28, 2022. A seller of residential real property must provide the buyer a Short-term rental (STR) disclosure form stating whether or not the property may be legally used as an STR. If the seller discloses that the property being sold may not be legally used as an STR, the form need only be given to the buyer.
A class-action lawsuit is going forward against Coldwell Banker because of cold calling Realtors bothering sellers at home.
As a Realtor, I think this is a good thing.
I don’t like to be bothered by cold sales calls, and I think most people feel the same, so the idea that some Realtors ignore the do not call list and use automated dialers to call up to 300 people per hour never sat well with me.
Personally, I think Brokers should have banned this practice a long time ago, and maybe this lawsuit will help them make some needed changes.
The problem is it actually works, so even though they bother so many people they would actually find new clients, which is why they keep doing it.
For the first time ever we closed today on a $2,400,000 Kailua home that was offering only $1, yes ONE DOLLAR commission.
The MLS does not allow a seller to negotiate the commission down, but they do allow the seller to pay Realtors more commission (isn’t that nice of them LOL), so putting in $1 essentially made the commission negotiable, and a deal was reached that everyone was happy with.
So now if your Realtor tells you commission is not negotiable you can let them know it can be negotiated up, just not down, and it is possible to sell a home offering $1 commission, which essentially sends a message that commission is negotiable.