Connect with us

Arizona

What will the National Association of Realtors settlement mean for Arizona homebuyers?

Published

on

What will the National Association of Realtors settlement mean for Arizona homebuyers?


play

A national $418 million settlement proposal over real estate commissions could drastically change how much homebuyers pay agents.

Advertisement

Under the National Association of Realtors deal, which needs federal court approval, the group with more than 1.5 million members has agreed to prohibit listing agents from offering buyer brokers compensation.

The case centers around an alleged practice called steering, which involves buyer agents guiding their clients to homes for sale on which they would receive the biggest commissions.

“This is the end of traditional real estate commissions,” said Greg Hague, the CEO and founder of 72SOLD. “It needed to happen. Consumers have spoken, and steering is absolutely happening.”

He gave an example of a $6 million Paradise Valley house that was on the market last year. The seller agreed to a $100,000 buyer agent fee. That’s less than half the 5% to 7% typical commission, which is often split between the buyer and seller agents.

The agent with the listing couldn’t get any showings, Hague said.

Advertisement

Hague said the listing agent was contacted by other real estate agents who required a 3% commission to show the house to buyers. The seller agreed to pay 3%, and the house quickly had 16 buyers looking at it, he said.

Attorneys from Hagens Berman Sobol Shapiro, the law firm that led the lawsuit against the Realtors group, say the settlement could save consumers billions of dollars a year in broker fees.

The National Association of Realtors continues to deny wrongdoing.

The settlement deal also calls for buyer brokers to have representation agreements that spell out the compensation they will receive from clients.

Advertisement

“We settled the NAR suit because it would have been more costly to keep fighting it. People don’t like Realtors,” said Christa Lawcock of Realty Executives. “But it’s the lawyers who win, not the first-time homebuyers.”

She said buyers without the money to pay commissions won’t have any representation and won’t get help negotiating a price or asking for home improvements or receive the recommendations for appraisers and mortgage brokers that agents can provide.

If the settlement is approved in court, the new rules could go into effect this year.

It’s not clear if this settlement will impact a similar lawsuit filed by an Arizona home seller against the state’s biggest Realtor associations and more than a dozen of its biggest residential brokerages.

Lawyers for Joseph Masiello, who filed the Arizona class-action complaint in January, didn’t respond to questions about the case.

Advertisement

The National Association of Realtors suit is the second settlement over commissions. Last fall, a jury ruled in favor of Missouri plaintiffs over real estate commissions, awarding them $1.8 billion.

Bobby Lieb, associate broker with Launch Powered By Compass, said the settlement doesn’t bother him.

“People selling million-dollar homes will pay experienced real estate agents to sell them because they end up making more money,” he said.

But he said commission issues are driving out inexperienced real estate agents who got into the business during the pandemic housing boom.

Hague said buyers who can’t pay a real estate agent out of pocket can negotiate an agent fee and roll it into their mortgage.

Advertisement

Tougher to purchase: New ranking says Arizona now among least affordable states to buy a house

Reach the reporter at catherine.reagor@arizonarepublic.com or 602-444-8040. Follow her on X, formerly Twitter: @CatherineReagor.





Source link

Arizona

Arizona Lottery Pick 3, Fantasy 5 results for April 26, 2026

Published

on

Arizona Lottery Pick 3, Fantasy 5 results for April 26, 2026


play

The Arizona Lottery offers multiple draw games for those aiming to win big.

Here’s a look at Sunday, April 26, 2026 results for each game:

Advertisement

Winning Pick 3 numbers

8-2-6

Check Pick 3 payouts and previous drawings here.

Winning Fantasy 5 numbers

03-14-33-38-41

Check Fantasy 5 payouts and previous drawings here.

Winning Triple Twist numbers

04-08-20-22-33-41

Advertisement

Check Triple Twist payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news and results

What time is the Powerball drawing?

Powerball drawings are at 7:59 p.m. Arizona time on Mondays, Wednesdays and Saturdays.

How much is a Powerball lottery ticket today?

In Arizona, Powerball tickets cost $2 per game, according to the Arizona Lottery.

Advertisement

How to play the Powerball

To play, select five numbers from 1 to 69 for the white balls, then select one number from 1 to 26 for the red Powerball.

You can choose your lucky numbers on a play slip or let the lottery terminal randomly pick your numbers.

To win, match one of the 9 Ways to Win:

  • 5 white balls + 1 red Powerball = Grand prize.
  • 5 white balls = $1 million.
  • 4 white balls + 1 red Powerball = $50,000.
  • 4 white balls = $100.
  • 3 white balls + 1 red Powerball = $100.
  • 3 white balls = $7.
  • 2 white balls + 1 red Powerball = $7.
  • 1 white ball + 1 red Powerball = $4.
  • 1 red Powerball = $4.

There’s a chance to have your winnings increased two, three, four, five and 10 times through the Power Play for an additional $1 per play. Players can multiply non-jackpot wins up to 10 times when the jackpot is $150 million or less.

Are you a winner? Here’s how to claim your lottery prize

All Arizona Lottery retailers will redeem prizes up to $100 and may redeem winnings up to $599. For prizes over $599, winners can submit winning tickets through the mail or in person at Arizona Lottery offices. By mail, send a winner claim form, winning lottery ticket and a copy of a government-issued ID to P.O. Box 2913, Phoenix, AZ 85062.

To submit in person, sign the back of your ticket, fill out a winner claim form and deliver the form, along with the ticket and government-issued ID to any of these locations:

Advertisement

Phoenix Arizona Lottery Office: 4740 E. University Drive, Phoenix, AZ 85034, 480-921-4400. Hours: 7:30 a.m. to 5 p.m. Monday through Friday, closed holidays. This office can cash prizes of any amount.

Tucson Arizona Lottery Office: 2955 E. Grant Road, Tucson, AZ 85716, 520-628-5107. Hours: 7:30 a.m. to 5 p.m. Monday through Friday, closed holidays. This office can cash prizes of any amount.

Phoenix Sky Harbor Lottery Office: Terminal 4 Baggage Claim, 3400 E. Sky Harbor Blvd., Phoenix, AZ 85034, 480-921-4424. Hours: 8:30 a.m. to 5 p.m. Monday through Sunday, closed holidays. This office can cash prizes up to $49,999.

Kingman Arizona Lottery Office: Inside Walmart, 3396 Stockton Hill Road, Kingman, AZ 86409, 928-753-8808. Hours: 8 a.m. to 8 p.m. Monday through Friday, 8:30 a.m. to 5 p.m. Saturday and Sunday, closed holidays. This office can cash prizes up to $49,999.

Advertisement

Check previous winning numbers and payouts at https://www.arizonalottery.com/.

This results page was generated automatically using information from TinBu and a template written and reviewed by an Arizona Republic editor. You can send feedback using this form.



Source link

Continue Reading

Arizona

Game 26: San Diego Padres at Arizona Diamondbacks

Published

on

Game 26: San Diego Padres at Arizona Diamondbacks


San Diego Padres (18-8) at Arizona Diamondbacks (14-12), April 26, 2026, 3:05 p.m. PST

Watch: Padres.TV

Location: Estadio Alfredo Harp Helu – Mexico City, Mexico

Listen: 97.3 The Fan

Advertisement



Source link

Advertisement
Continue Reading

Arizona

Arizona politicians, attendees react to shooting at White House Correspondents’ Dinner

Published

on

Arizona politicians, attendees react to shooting at White House Correspondents’ Dinner


WASHINGTON (AZFamily) — After a shooting at the White House Correspondents’ Dinner in Washington on Saturday night, reaction poured in from Arizona politicians about what happened.

Rep. Abe Hamadeh, a Republican who was at the dinner, said he and other members of Congress were evacuated from the Washington Hilton following the gunshots.

Hamadeh said the shots rang out not far from where he was sitting.

“They were gunshots. I’m a former military. I’m an Army officer. they were gunshots. As soon as those gunshots rang out you, heard glasses shattering everywhere, people spilled their drinks bolting down to hide underneath the tables,” Hamadeh said.

Advertisement

Hamadeh said he tried to duck under a table but couldn’t fit. He said that’s when his security team called him and he was quickly escorted him out of the room.

“It’s scary we have to live like this. Nobody should have to live like this,” he said.

Rep. Marlin Stutzman, a Republican from Indiana, also spoke about the incident in Hamadeh’s video posted on social media.

“It was very scary,” he said. “All of a sudden, 50 to 75 feet over my left shoulder, gunshots go off, and we all jump underneath the table. Stuff was falling over. The drinks were spilling over.”

Officials rushed to safety

Mark Lodato, Dean of the S.I. Newhouse School of Public Communications, and former Associate Dean at the Walter Cronkite School of Mass Communication, was sitting feet away from the stage.

Advertisement

He spoke exclusively with Arizona’s Family.

“Everyone immediately jumped below, and got under tables and hid, trying to wait to figure out what was going on,” Lodato said.

He said he watched as Secretary Robert F. Kennedy, Jr. was quickly whisked out of the room.

A video he captured shows officials moving chairs to rush Secretary of State Marco Rubio to safety.

Bipartisan reaction

Arizona GOP Rep. Andy Biggs, who is running for governor, said in a social media post that he and his wife are relieved no one was hurt and are praying that the violence stops.

Advertisement

“It is deeply concerning and frustrating to have another near instance of tragic and senseless violence at an event featuring President Trump,” Biggs said.

Republican Rep. Paul Gosar also posted on X and praised the response from first responders.

“I’m deeply thankful for the swift response from law enforcement, relieved that the President and First Lady are safe, and am keeping our nation in my prayers,” he posted.

On the Democratic side, Arizona Secretary of State Adrian Fontes echoed the quick actions of first responders.

“I am glad that everyone at the White House Correspondents’ Dinner is safe and for law enforcement’s fast response. Violence has no place in our political discourse,” Fontes posted on social media.

Advertisement

Sen. Mark Kelly, a Democrat, posted on social media that he is “I’m thankful that the President and others at the correspondents dinner are safe, and for the quick response from law enforcement.”

Democratic Rep. Greg Stanton offered his thoughts and prayers on social media. “I’m grateful for the swift response from Secret Service after a dangerous and harrowing incident at the White House Correspondents Dinner. Praying for the safety of all in attendance,” he posted.

Democratic Gov. Katie Hobbs called the incident “horrifying” on social media and said, “Violence has no place in our politics. I hope President Trump and all others in attendance are safe.”

See a spelling or grammatical error in our story? Please click here to report it.

Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

Advertisement

Copyright 2026 KTVK/KPHO. All rights reserved.



Source link

Continue Reading
Advertisement

Trending