John James' pioneering legacy honored with Hall of Fame induction
John A. James’ induction into the Automotive Hall of Fame this year is the culmination of a legacy spanning five decades in trucking and supply chain management.
House hunters fear Realtor settlement could make homebuying harder
Real estate investor Debra Falese called a landmark Realtor commission settlement “horrible” because it requires home shoppers to sign contracts with their agents.
That could leave buyers “locked into” working with unreliable agents, the Huntington Beach property owner said.
New homeowner Morgan Hedrick worries the settlement will make it harder for future buyers if their broker fees come out of pocket instead of from the sale of the home.
And one home shopper outside an open house in Downey was visibly angry, saying the settlement does nothing to help the consumer.
“Now I have to pay my own agent,” the man said. “There are so many hidden fees to begin with. Now you’re bombarded by another fee that can come out of your pocket.”
Homebuyers, sellers and the real estate industry as a whole are facing an uncertain transition under the proposed agreement the National Association of Realtors signed in mid-March.
Faced with more than 20 class-action lawsuits accusing NAR of price fixing, the trade group agreed to pay $418 million and to end the requirement that home sellers pay their buyer agent’s commissions.
People on the move
Boards of directors
Amanda Dukes, senior public information officer for the Communications Division of Orange County Government, was appointed to the board of directors of Grace Medical Home, Orlando.
Lisa Wong Shue, owner of Skyward Tax & Accounting Service, was appointed to the board of directors of Grace Medical Home, Orlando.
Elena Norman, founder and chief executive officer of Be Eloquent LLC, was appointed chairperson of the board of directors of Dave’s House, a nonprofit that works to end homelessness for people with serious mental illness through the development of permanent supportive housing.
Scott Robertson, director of partnership development for MBI Print and Digital, was appointed to the board of directors of Dave’s House, a nonprofit that works to end homelessness for people with serious mental illness through the development of permanent supportive housing.
Ralph Nattans, retired human services leader, was appointed to the board of directors of Dave’s House, a nonprofit that works to end homelessness for people with serious mental illness through the development of permanent supportive housing.
Consumers remain interested in online vehicle shopping, study shows
Consumers are increasingly confident about buying or selling a vehicle online, at least in part, according to CarGurus’ sixth annual U.S. Consumer Insights Report.
Ford revives stair-steps to move 2023 F-150s off dealership lots
The automaker since February has been offering retailers escalating bonuses to hit and surpass monthly F-150 sales targets. This month’s payout is up to $1,000 per truck.