Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. With the move, Wu returns to where she began her career as junior partner on the Jing Chen Team in 2019. In December 2021, she had left Compass to join the young brokerage SERHANT. where she launched her own team.

Brokerage 289

Brokerage Legal Clients Real Estate 289

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. 2013 and February 2019. At the end of 2018, the brokerage had 42 loan officers.

Mortgage 389

Mortgage Loan Officers Brokerage Clients 389

Housing Wire

OCTOBER 6, 2023

Initially filed in April 2019, the lawsuit takes aim at NAR’s Participation Rule. million payout, Anywhere has agreed to not require company owned brokerages, franchisees, or affiliated agents to belong to the NAR or follow the NAR Code of Ethics or MLS Handbook. Along with a $83.5

Brokerage 493

Brokerage Agents Buyers Clients 493

Housing Wire

FEBRUARY 27, 2024

Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. It remains unknown whether the court will grant any of these motions.

Realty 366

Realty Real Estate Law Brokerage 366

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Dear (first name), I’m (your name), a local real estate professional with (brokerage).

Real Estate 346

Real Estate Open Houses Brokerage Real Estate Agent 346

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 304

Agents Brokerage Real Estate Tools 304

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 399

Real Estate Brokerage Sellers Law 399

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas. 13, 2019, to the present.

Real Estate 403

Real Estate Realtors Realty Buyers 403

Housing Wire

AUGUST 25, 2021

Lone Wolf’s other acquisitions include: W+R Studios , LionDesk , HomeSpotter and Terradatum so that Lone Wolf’s technology suite includes solutions for marketing, CRM, CMA, transaction management, eSignature, brokerage operations, insights and analytics, talent management, as well as ancillary tools and services.

Brokerage 362

Brokerage Real Estate Technology Tools 362

Housing Wire

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. 4, 2019 and the present. District Court for the Western District of Pennsylvania.

Realty 418

Realty Realtors Brokerage Real Estate 418

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing.

Brokerage 313

Brokerage Real Estate Lending Clients 313

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 337

Real Estate Sellers Realtors Brokerage 337

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. Revenue decreased by 10% year over year to $1.34 billion as transactions declined 12% over the quarter, driven by macroeconomic factors. Revenue was revised down to $241.20

Agents 342

Agents Real Estate Agent Realtors Brokerage 342

Housing Wire

SEPTEMBER 1, 2021

A 50-year-old former unlicensed mortgage broker from Long Island, New York, pleaded guilty Wednesday to defrauding clients and wholesale lenders out of $4.7 million in mortgage refinancing proceeds that were supposed to pay off existing client mortgages. Prior to working at mortgage brokerage Bliss Home Funding Corp.

Mortgage 377

Mortgage Clients Brokerage Government 377

Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. Filed in 2019, both lawsuits take aim at NAR’s Participation Rule.

Agents 365

Agents Brokerage Realtors Real Estate 365

Housing Wire

DECEMBER 12, 2023

8, 2019, and the present. In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states.

Realtors 431

Realtors Sellers Buyers Real Estate 431

Housing Wire

NOVEMBER 10, 2020

“The third quarter of 2020 was highlighted by our record-breaking financial results, driving the most profitable quarter in the company’s history by our continual focus on being the most agent-centric brokerage on the planet,” said Glenn Sanford, founder, chairman and CEO of eXp World Holdings. over Q3 2019. 30 , its agents in the U.S.

Realty 402

Realty Agents Real Estate Brokerage 402

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. We supported NWMLS when it made this change in 2019. Gorman’s comments confuse me.”.

Brokerage 330

Brokerage Real Estate Agents Real Estate Agent 330

Lamacchia Realty

JANUARY 11, 2023

Lamacchia Realty is proud to announce their ranking as #1 Brokerage overall in Leominster by closed transactions per MLSPIN Brokerage Market Share Report*. It's very exciting to think how we opened there in May of 2019, and we have been either first place and or competing for first since we started. I am so proud of them all.

Realty 65

Realty Brokerage Realtors Training 65

Housing Wire

NOVEMBER 3, 2023

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.

Real Estate 299

Real Estate Brokerage Buyers Property Management 299

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Of course, CAR is examining all of its options to make sure that data integrity and CAR’s high standards of privacy for its members and their clients are protected.”.

Agents 362

Agents Brokerage Real Estate Agent Realtors 362

Housing Wire

NOVEMBER 5, 2020

and Canada closed 374,824 transactions, up 16% over Q3 2019. over Q3 2019 and up 49.47% over Q2 volume. Set within the challenges of 2020, agents are serving clients and facing increased consumer expectations for a seamless, integrated real estate experience,” Liebert said. 30, Keller Williams agents in the U.S.

Agents 424

Agents Real Estate Brokerage Tools 424

Housing Wire

MARCH 25, 2021

Specifically, clients can use Brokermint to complete tasks in commission automation, accounting, agent management, and reporting and analytics. The integration allows BoomTown’s clients, at no cost, to create real-time performance leaderboards and other productivity tools.

Advertising 205

Advertising Brokerage Clients Technology 205

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. It has lost money each of the past three years, including a $388 million net loss in 2019. In all, Compass has lost $1.1

Insurance 423

Insurance Real Estate Agent Brokerage Real Estate 423

Housing Wire

FEBRUARY 25, 2022

The disputes involve Californian brokerage shops Kevron Investments Inc. According to the lawsuit, independent mortgage broker Kevron, which started originating loans to UWM in July 2019, submitted at least 22 mortgage loans to the competitors since the ultimatum. and Mid Valley Funding & Inv.

Contracts 369

Contracts Brokerage Investing Mortgage 369

Lamacchia Realty

MAY 11, 2021

Lamacchia Obtains Brokerage License in Maine. It was announced during company updates on Wednesday that Lamacchia Realty is officially licensed as a brokerage in Maine! This means our Realtors can now expand their business and serve their clients in Maine- deals have already begun! Anthony Lamacchia. Broker/Owner.

Brokerage 69

Brokerage Realty Renovations Clients 69

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 329

Real Estate Brokerage Real Estate Agent Technology 329

Housing Wire

OCTOBER 18, 2023

In the video, Ketchmark showed Keller footage from a KW Family Reunion event where Keller showed a slide showing the average commissions KW agents had earned between 2002 and 2019, to which Keller responded: “We didn’t talk about commissions. Members of the group include many brokerage executives. There isn’t one,” Glass told the jury.

Agents 414

Agents Training Real Estate Real Estate Agent 414

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. Redwood, for instance, has been buying HEIs from third-party originators since 2019 and has been providing liquidity to portions of the nonagency mortgage market. The annual investment volume in the U.S.

Finance 383

Finance Investing Real Estate Agent Real Estate 383

Housing Wire

MARCH 16, 2022

Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings. “We Maxwell connected the popular Encompass LOS to its point-of-sale platform in 2019.

Technology 327

Technology Real Estate Agent Loan Officers Lending 327

Housing Wire

JANUARY 27, 2021

For the well-prepared real estate brokerages, this holds a promising future. The fusion of technology, quick sales and incredible demand from the public have created a tsunami of discount-based brokerages trying to fill that public demand. That large volume of listings is then used to create real buyer clients organically.

Real Estate 326

Real Estate Agents Brokerage Sellers 326

Housing Wire

SEPTEMBER 24, 2020

Gadberry Group is a location intelligence data company of 16 employees who build products that help clients solve geospatial challenges through accurate and precise location data. According to RE/MAX , Gadberry Group will continue to serve non-RE/MAX clients while contributing to RE/MAX.

Agents 345

Agents Clients Technology Real Estate 345

Lamacchia Realty

APRIL 19, 2024

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Along with being extremely motivated, Lynn is energetic, warm, and straight forward with her clients and never misses a detail.

Realty 74

Realty Realtors Training Clients 74

Housing Wire

APRIL 20, 2021

In late 2019, Google announced a phase-out of third-party cookies across its platforms in a move claimed to protect consumers asking for more privacy. Built on the world’s top CRM, Propertybase has enriched the platform specifically for real estate brokerages to get the most out of their data. Client engagement is a struggle.

Real Estate 404

Real Estate Mortgage Loan Officers Advertising 404

Housing Wire

OCTOBER 23, 2020

million agents, 8,000 brokerages and hundreds of MLS ’ and associations in North America. The companies said that the deal would create the “largest real estate brokerage software platform in North America.”. ” Lone Wolf provides real estate technologies to over 1.5

Technology 268

Technology Investing Real Estate Brokerage 268

Lamacchia Realty

JANUARY 12, 2024

Lamacchia Realty’s Leominster office is the number one office overall by both sales volume and closed transactions in the city of Leominster as well as the number one brokerage by both sales volume and closed transactions. Last year, Lamacchia Realty was the number one brokerage overall in Leominster by closed transactions for 2022.

Realty 60

Realty Brokerage Realtors Training 60