article thumbnail

Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

According to Ketchmark, the home sellers paid an average of $6,700 to the buyer’s agent in the transactions, adding up to $1.78 In the script the seller asks the agent if he or she can reduce their commission, stating that they would like to save money. I do believe training is essential.” billion in damages.

Agents 416
article thumbnail

Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

In the deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked Warner to comment on a training script from HomeServices CEO Gino Blefari in which he said that when he was an agent, he was supremely confident and would tell prospective clients that while commissions are negotiable “they only go up from 6%.”

Law 412
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why home-price growth is still up 18% year over year

Housing Wire

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. crash, especially from 2012-2019. It hasn’t worked since 2012 for a reason.

Inventory 382
article thumbnail

Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” It re-emerged in the AI scene in October 2012. It is trained on text data and learns to identify patterns from that data to generate human-like text responses. So how can real estate agents be so cavalier about their job?

article thumbnail

Lamacchia Realty Announces Top Producing REALTORS® for September 2023

Lamacchia Realty

As an agent, Julia’s goals are to truly guide home buyers and sellers throughout the entire home buying/selling process. Buyers, sellers, investors, and builders are her business and she values every single client and loves getting people where they want to be. Cyndi thrives to make her buyers and sellers her top priority.

article thumbnail

Lamacchia Realty Announces Top Producing REALTORS® for December 2021

Lamacchia Realty

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Sarah, click here: Sarah Schouler Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

Realty 73