Anywhere affiliated business disclosure
Anywhere affiliated business disclosure
From: Anywhere Advisors LLC Date: 4/19/2023.
This is to give you notice that Anywhere Advisors LLC (“Brokerage”), a subsidiary of Anywhere Real Estate Inc. (“Anywhere”), and its family of real estate brokerage companies has a business relationship with the companies listed below in this Statement. Anywhere owns 100% of Brokerage which owns 100%. Anywhere Integrated Venture Partner LLC, a subsidiary of Anywhere, has a 49.9% ownership interest the mortgage lender listed below.
Anywhere also owns 100% of each company listed below, except for (i) the mortgage lender, in which Anywhere Integrated Venture Partner LLC has a 49.9% ownership interest (ii) Ojo Labs, Inc. in which Anywhere Real Estate Services Group LLC, a subsidiary of Anywhere Real Estate Inc., has a 10.2% ownership interest. Anywhere also owns the franchisors of the BETTER HOMES & GARDENS® REAL ESTATE, COLDWELL BANKER®, COLDWELL BANKER COMMERCIAL®, THE CORCORAN GROUP®, CENTURY 21®, ERA®, AND SOTHEBY’S INTERNATIONAL REALTY® franchise systems. Because of these relationships, the referral of business to any of the companies listed below may provide Brokerage a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed providers as a condition of the purchase or sale of your property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
This is to give you notice that Brokerage has a business relationship with the following title companies:
American Title Company of Houston, Keystone Title Services Secured Land Transfers, LLC. Burnet Title, Landway Settlement Services Sunbelt Title Agency, Burnet Title of Indiana, LLC. Market Street Settlement Group, Texas American Title Company, Catalina Title Agency, LLC. Mid-Atlantic Settlement Services, Terra Coastal Escrow, Inc. Cornerstone Title Company, Pro National Agency, Title Resources Guaranty Company, CW Title, Pro National Title Agency U.S. Title Guaranty Company, Cypress Title Corporation, Progressive Title Company, Inc. U.S. Title, Equity Title Agency, Inc. Quality Choice Title, LLC. RealSafe Title, LLC. West Coast Escrow Company, Equity Title Company, Regency Title Company, LLC. First California Escrow Corporation, Residential Title Agency, Guardian Title Agency, Guardian Title Company, Guardian Transfer, Independence Title Company, Keystone Closing Services, LLC.
Provider/Settlement Service
Title insurance premium
$320.00 - $939.00
(Based on $100,000, purchase price)
Title search
$90.00 - $350.00
Title exam
$75.00 - $150.00
Closing/Settlement fee
$250.00 - $700.00
Additionally, Brokerage has a business relationship with the following companies:
| COMPANIES | SETTLEMENT SERVICES | ESTIMATE OF CHARGES OR RANGE OF CHARGES |
|---|---|---|
| Guranteed Rate Affinity Provides a full range of residential first mortgage loan products and services. |
Loan origination fee Loan discount fee/points Application fee |
$1,290 0% - 5% of loan amount $150 [except Kentucky is $100; WV $0] |
| Anywhere Insurance Agency Inc. Provides insurance agency services for homeowner’s insurance. |
Homeowner’s insurance premium | $2.00 - $6.00 per thousand dollars of replacement cost of dwelling |
| Cartus Corporation Provides relocation, assignment management and cooperative real estate brokerage services to its corporate and government clients and its network of real estate brokerage companies. |
Cooperative real estate brokerage commission | The Cartus referral commission varies, but is generally paid to Cartus (a licensed real estate broker) by a real estate broker as a percentage (typically, 37.5% -42.5%) of the real estate broker’s commission on a transaction side, and may be shared by Cartus with other brokers. |
| Other Anywhere Advisors LLC Real Estate Brokerage Companies and Other Franchisees In certain markets other Anywhere Advisors LLC subsidiaries provide real estate brokerage services under Coldwell Banker, The Corcoran Group, Sotheby’s International Realty, and/or Climb Real Estate trade names. Also note that in other markets, franchisees of Anywhere Real Estate Inc. subsidiaries provide real estate brokerage services as franchisees of Better Homes & Gardens, Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group, Century 21, ERA and Sotheby’s International Realty. |
Real estate brokerage commission Cooperative real estate brokerage commission |
3 – 10% of sales price of the property depending on multiple factors including type of property, transaction side, services, region and transaction structure. However, commissions vary per agreement with each customer and may be negotiated, in whole or in part, as fixed amounts, such as a fixed amount in lieu of all or part of a percentage, or an amount such as $100 - $1000 in addition to a percentage. In addition, referral commissions vary, but are generally paid by a real estate broker as a percentage (approximately 25% - 50%) of the real estate broker’s commission on a transaction side. |
| Ojo Labs, Inc. Provides artificial intelligence technology to validate and incubate real estate leads, i.e. digital real estate assistant, and cooperative real estate brokerage services. |
Cooperative real estate brokerage commission | The Ojo referral commission will be paid to Ojo (a licensed real estate broker) by a real estate broker as a percentage (in this case, 17.5%) of the real estate broker’s commission on a transaction side. |
In addition to the affiliated business relationships described above, Brokerage has business arrangements with American Home Shield Corporation (“AHS”) and Home Partners of America (“HPA”). While Brokerage and Anywhere Real Estate Inc, including their subsidiaries and affiliates, do not have any ownership interests in AHS or HPA, they may receive fees from AHS or HPA in return for their performance of services.
I/we have read this disclosure form and understand that Brokerage is referring me/us to purchase the above-described settlement service(s) and that Brokerage and Anywhere Real Estate Inc., their employees and/or subsidiaries and affiliates may receive a financial or other benefit as the result of this referral.