CLOSING SESSION: Implications of Real Estate Agent Commission Changes
A recent court decision and related litigation concerning real estate agent compensation could take years to resolve. But in the meantime, the market can be expected to develop and test new approaches to the negotiation and payment of buyer agent commissions, which may, in turn, have significant implications on current business models. Join us for an open discussion of where things stand and what this could mean for lenders.
Speakers
Moderator
Pete Mills is Senior Vice President of Residential Policy and Member Engagement at the Mortgage Bankers Association (MBA). In this position, he leads MBA's residential policy team and state and local advocacy program, and directs MBA's residential member engagement efforts across the MBA value platform. Mills is an experienced financial services industry executive with more than 30 years of expertise in public affairs, government relations, public policy and research, all in the housing and mortgage finance arena. Prior to joining MBA, he served as Managing Director and co-founder of the Community Mortgage Banking Project, a public policy organization that represented the interests of companies and coalitions involved in the housing and mortgage finance industries. During his career, Mills lead corporate public affairs for Countrywide Financial, managed trade association policy advocacy for the California Mortgage Bankers Association and the California Association of Realtors, and conducted housing policy research at the Federal Reserve Board. He has a BA in Economics from the University of California at Berkeley, where he graduated with distinction in 1982.
Speakers
Jackie Mohr is VP, Assistant General Counsel at Zillow, where she spearheads legal support for Zillow’s real estate focused business lines including, Zillow Home Loans, Spruce Title, Rentals and Zillow’s For Sale products and services. She also focuses on Zillow’s industry affairs with MLS and brokerages and affiliate programs. Jackie has over 20 years’ experience in consumer financial services and real estate industry. Prior to Zillow, she served as SVP, and Associate General Counsel at loanDepot, leading the mortgage origination team, real estate joint ventures and provided legal support for the mellohome business line. Before loanDepot, Jackie was General Counsel of a regional lender and has served as real estate development and finance counsel in both in-house and law firm settings. Jackie specializes in leading companies in highly regulated and complex operational environments, with a heavy focus on guiding affiliated businesses through the RESPA landscape and navigating regulated real estate brokerage operations. She went to law school at Loyola University of Chicago and currently resides in Phoenix, Arizona, where she enjoys the flexibility of Zillow's fully remote work experience. With her extensive background and deep understanding of the industry, Jackie brings invaluable insights and is committed to driving excellence in the real estate sector.
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