Arizona
What will the National Association of Realtors settlement mean for Arizona homebuyers?
Report finds Americans are optimistic about buying a home in 2024
After years of feeling priced out of the market, potential homebuyers are feeling optimistic again, according to a new report.
Scripps News
A national $418 million settlement proposal over real estate commissions could drastically change how much homebuyers pay agents.
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.
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.
“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.
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.
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.
Arizona
Arizona Coordinators Discuss Heated Rivalry and Successful Season
Just two days remain between the Arizona Wildcats’ biggest game of the season, a heated rivalry match between them and the Arizona State Sun Devils that has lasted since 1899.
The Wildcats’ offense ran all over the Baylor Bears’ defense on the way to a 41-17 blowout victory in Casino Del Sol Stadium and now face the challenge of doing the same to an ASU defense that ranks second in the Big 12 when it comes to stopping the rush.
Arizona’s defense must also play at its very best when it goes up against the Sun Devils offense that ranks fifth in the conference, third in rushing and eighth in passing.
Both Gonzales and Doege had plenty to say in Tuesday’s press conference, from the emotions of playing in a fierce rivalry game to what their squads need to do to come out of Mountain America Stadium with a fifth consecutive win. Here is a collection of what they had to say.
“We stink at stopping the run. So, what are they going to do? They’re going to run it a thousand times. Sims is going to probably have 50 carries. Raleek Brown’s going to have 40. And then they’re going to isolate Jordyn Tyson one-on-one. They’ll get us to put 10-to-11 guys in the box and see if they can beat our DBs one-on-one. That’s what I would do if I was them. That’s what I keep hearing.”
“So, I think they’re a damn good football team. I think Jeff Sims, if you watch the Iowa State game he’s physical, he’s big, he’s strong, and he plays football with the right demeanor. Raleek Brown, if you watched the Colorado game on Saturday night, he is physical, twitchy, fast.”
“Jordyn Tyson was finally back and I think he’s the best 50-50 ball catcher in America. I mean, he’s he is elite when the ball’s thrown up in the air. So, our DBs are gonna have a great challenge when they throw it to them.”
“People have struggled running the football on them and it’s because they’re really stout up front. They do a good job of doing what they do well. I think the linebackers are very active and then I think they got two really, really, really dynamic corners that they’re allowed to play on an island and play man free with.”
“I think their safeties are really, really, really aggressive and very, very physical. There’s a couple times on tape and they’ll come down and smack you, smack you. They’re extremely physical and they’re good at what they do.”
“It’s passion over emotion and anything you do in life, if you make an emotional decision, it’s most of the time stupid and wrong. Then if you make a passional decision it means that you will put a commitment and made a commitment to make that choice. And so we cannot be full of emotion and there will be a ton of it all the way from the the warm-ups. That’s how it is.”
“In 2018, they had to line the Arizona State Troopers across midfield because there was a couple of interactions within the teams before the game. It doesn’t need to be that way. This is a great rivalry that the people up there don’t like the people down here.”
“We retain the quarterback and then we had to build around him when we started at the offensive line position the biggest part of that is we hit because you take five or six transfer linemen you’re hoping that you hit on two or three of them and we really hit on all of them and we hit in a big way. I mean KD (Ka’ena Decambra) is a major player for us.”
“Tristan (Bounds) ended up being a major player for us. Ty Buchanan is a major player for us. So those guys helped us turn us around pretty quickly. And then obviously some skilled guys with our receivers with (Luke) Wysong and Hut (Kris Hutson and (Tre) Spivey and all those guys. It just end up being a good group um of talent.”
Tell us your thoughts on the coordinators and how they have turned the program around from last season by commenting on our X account. Just click the link to find us and be sure to give us a follow.
Arizona
Arizona women’s basketball hosts Northern Colorado
The University of Arizona women’s basketball team (4-0) prepares for their matchup against the University of Northern Colorado (5-1) on Tuesday, Nov. 25, at 6 p.m. in McKale Center in a nonconference matchup. The Wildcats look to continue their streak to 6-0.
Northern Colorado players to watch
The Bears are a highly efficient team, converting 44.2% of their 2-point shots and pairing this offensive prowess with a strong defensive effort. They consistently hold opponents to under 55 points per game, making them a formidable opponent in any matchup.
Leading the way is sophomore guard Neenah George, who averages 12.8 points per game and serves as the team’s primary ball handler and perimeter threat. George is particularly adept in late-game situations, using her quick first step to get by defenders and excelling both as a creator and catch-and-shoot player.
Anchoring the frontcourt is Tatum West, a reliable option who averages 11.5 points and 8.3 rebounds per game while shooting an impressive 63.4% from the field. West’s skill set complements George’s, as they often pair well in ball-screen actions, with West taking advantage of opportunities to roll to the rim, secure rebounds and score second-chance points. Standing at 6-foot-2, West is at her best when she gets touches with her back to the basket, where she can utilize her drop-step or hook shot and consistently draw fouls to get to the free throw line.
Wildcats to watch
The Arizona Wildcats’ offensive strategy is centered around Mickayla Purdue, a senior guard who transferred from Cleveland State University. Purdue has made an immediate impact, ranking 13th nationally by averaging 22.5 points per game. Her scoring versatility was on full display with a remarkable 31-point outing against University of California, Irvine. Whether in isolation, coming off of screens or finishing easy layups in transition, Purdue consistently finds ways to put points on the board and remains the focal point of the Wildcats’ attack.
Supporting Purdue is Noelani Cornfield, a transfer guard from the University of Buffalo, who serves as the team’s primary facilitator. Cornfield leads the Wildcats with an average of 8.5 assists per game, orchestrating the offense and ensuring her teammates are involved. While she may not be a high-volume scorer, Cornfield contributes significantly in clutch situations, ranking in the top 10 nationally with a free throw percentage of 91.7%. Her steady hand is also felt on defense, where she averages two steals per game, providing leadership and versatility on both ends of the floor.
Head coach Becky Burke has emphasized the need for defensive improvement following a recent game in which the Wildcats allowed 76 points to NAU, a team she expected to hold below 60. Burke underscored the importance of playing with pride and intensity on defense.
“You can be dynamic on offense and also be dynamic on defense,” Burke said. “You got to have pride on that end of the floor. It’s got to matter to you just as much when nobody’s necessarily cheering for what you’re doing on the defensive end.”
With this mindset, the Wildcats aim to set the tone early against Northern Colorado by
forcing turnovers and capitalizing on their opponent’s vulnerability to giveaways. Generating turnovers will allow Arizona to push the pace, get out in transition and play their preferred fast-paced style of basketball.
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Arizona
Arizona flys by Denver to stay undefeated
Brayden Burries gets embraced by his teammates during his interview after facing Denver on Nov. 24 in McKale Center.
Arizona’s final home game before Thanksgiving gave fans plenty to chew on in a 30 point win over Denver Monday night. The four freshmen Burries, Peat, Kharchenkov, and Aristode nearly outscored Denver with 69 points combined. Former Wildcat Carter Bryant made an appearance with Spurs teammate Dylan Harper since the Spurs played in Phoenix the previous day. Arizona now looks towards Norfolk State this Saturday.
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