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Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. Two of the slides he uses show average commissions on the sell side and the buy side for KW agents between 2002 and 2019. in 2010, before gradually climbing to 2.67% in 2019.

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Existing Home Sales Continue to Drop Amid Rising Mortgage Rates

Eyes on Housing

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). this week, the highest level since April 2002, Read More ›

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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. “With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller.

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The 100-years-war over real estate commissions

Housing Wire

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. What Decloure and Miller discovered was somewhat shocking. That’s part two, coming up Thursday.

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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does. They were guidelines.

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Optimal Blue hopes to hook mortgage brokers with real-time rate feature

Housing Wire

Cracking the code on marketing to the realtor channel. At the time of acquisition, Optimal Blue, founded in 2002, had about 1,000 originators and 185 investors using the firm’s PPE engine, which produced more than 240 million pricing quotes per year, the firm said. Presented by: 1000watt. billion deal to boost origination offerings.

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Existing home sales are still too hot

Housing Wire

Today, the National Association of Realtors reported a 2.5% The silver lining is that unlike in the previous cycle from 2002-2005, homeowners are in a much better financial position. Growth in home sales in recent months, I proposed, was primarily due to the catch-up demand from the stalled sales during the worst weeks of COVID-19.