Houston real estate agents caught on tape steering buyers away from homes with less commission

“I’m not even going to show it to them, to be honest with you,” the real estate agent said. “I can’t help you to sell something that’s wiping out my profession.”

In recording after recording, Houston real estate agents are heard saying they will not show certain homes to their clients — even though the houses meet all the buyers’ desires.

Real estate agents are required by law to act in the best interests of their clients, but interactions recorded by California-based discount brokerage REX show that many actually steer clients away from homes that offer less lucrative commissions.

The recordings have come to light as high-profile lawsuits, including one brought by the U.S. Department of Justice, question the way real estate agents are compensated.

If those cases, or cases that follow, succeed in lowering real estate commissions to levels more in line, for instance, with the flat 1.18 percent commission seen in the United Kingdom in 2018 it could save homeowners upward of $70 billion a year — while costing agents the same amount.

Jack Ryan, REX’s chief executive, credits the recorded conversations with sparking the DOJ suit

Read More

Tesla Model X updated with the same interior as Model S, steering yoke and all

Tesla Model X updated with the same interior as Model S, steering yoke and all

Send MSN Feedback

Please give an overall site rating:

Read More

Tesla unveils new Model S with a new interior design, half a steering wheel, and a complete gaming experience

Tesla has unveiled a refresh of its super successful Model S saloon. The refresh has been highly anticipated by Tesla enthusiasts and is the first major redesign of the company’s flagship car since it first launched in 2012. The new Model S features a brand-new interior, an updated powertrain, and most surprisingly, a new steering wheel design right out of a science fiction movie.

The biggest changes to the car can be seen on the inside in what Tesla describes as an “entirely new interior”. Firstly, the signature huge touchscreen in the middle of the dashboard has been rotated 90 degrees from a portrait to a landscape orientation like the Model 3 and Model Y. Its size has also increased to 17 inches. The dashboard design has completely changed, taking a more minimal approach with a thin strip of wood running on top and continuing onto the door panels. The driver’s gauge cluster is the same 12.3 inch screen as before, but it’s housing has been made simpler.

There’s also a new 8 inch screen in the rear, behind the newly design center console and arm rests. The new Model S also gains a significant amount of processing power, with

Read More