Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. 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. Filed in late 2023 in the U.S.

Realty 366

Realty Real Estate Law Brokerage 366

Housing Wire

DECEMBER 20, 2023

Filed in March 2019 , the Moehrl suit is the oldest of the commission lawsuits currently making their way through various courts across the country. In a statement on Wednesday, NAR spokesperson Mantill Williams said that compensation is “always negotiable” between agents and their clients.

Real Estate 337

Real Estate Sellers Realtors Brokerage 337

Housing Wire

NOVEMBER 14, 2023

In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. 13, 2019, to the present. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 403

Real Estate Realtors Realty Buyers 403

Housing Wire

MARCH 14, 2024

They noted that in the Houston metro area, between 1997 and 2019, 2.58 The authors attribute the consistency of the 3% commission rate to steering , as sellers “are concerned that buyer agents would steer clients away from their properties if they do not offer the prevailing buyer agent commission rate.”

Agents 366

Agents Legal Real Estate Agent Buyers 366

Housing Wire

APRIL 22, 2024

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. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.

Real Estate 346

Real Estate Open Houses Brokerage Real Estate Agent 346

Housing Wire

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said. “The

Sellers 392

Sellers Agents Buyers Realtors 392

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

Realty 418

Realty Realtors Brokerage Real Estate 418

Housing Wire

AUGUST 18, 2023

based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. The self-reported list ranks U.S. They must be U.S.-based, Rank Company Growth (3-yr Avg.)

Brokerage 368

Brokerage Real Estate Realty Real Estate Agent 368

Housing Wire

JUNE 16, 2022

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. In 2019, the company expanded to providing title and escrow services to agents and home sellers and matching sellers with iBuyers.

Brokerage 313

Brokerage Real Estate Lending Clients 313

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

Realtors 323

Realtors Real Estate Sellers Buyers 323

Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. Revenue decreased by 10% year over year to $1.34 Reffkin cited the Seattle market as reason for optimism.

Agents 342

Agents Real Estate Agent Realtors Brokerage 342

Housing Wire

MAY 31, 2023

In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. According to data from Altos Research , the median home price listed in Salt Lake City last week climbed to $785,000, up from about $540,000 in the fourth quarter of 2019. Now, the median renter can only afford 4% of homes.”

Insurance 327

Insurance Clients Marketing Housing Market 327

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

SEPTEMBER 6, 2023

Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. We are not going to defend this case anymore,’ so that will definitely lead to changes.”

Agents 412

Agents Buyers Realtors Sellers 412

Housing Wire

FEBRUARY 9, 2023

Launched in 2019, LauraMac provides its technology services for companies acquiring assets in the secondary market, including document management, loan acquisition and loan reviews. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Technology 266

Technology Tools Buyers Sellers 266

Housing Wire

MAY 24, 2021

There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4

Realtors 471

Realtors Buyers Housing Market New Listings 471

Housing Wire

NOVEMBER 13, 2023

The Economist also writes that according to a 2019 Brookings Institution report, Realtor fees consumed a quarter of the capital gains earned in an average home sale. It’s true that Brookings did their study back in 2019 and there has been a surge in equity values in the past four years, but still. Who is going to pay how much to whom?

Real Estate 344

Real Estate Realtors Agents Buyers 344

Housing Wire

AUGUST 27, 2020

Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. gain compared with 2019. Anecdotally, Realtors are telling me there is no shortage of clients or home seekers, but that scarce inventory remains a problem,” Yun said. “If million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

OCTOBER 18, 2023

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 Ketchmark also presented Keller (and the jury present in the courtroom) with a script from Keller Williams University that agents can use to explain and negotiate commissions with clients. billion in damages.

Agents 414

Agents Training Real Estate Real Estate Agent 414

Housing Wire

DECEMBER 27, 2022

Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. Those trends are likely to continue in 2023. Or will soon.

Housing Market 500

Housing Market Marketing Real Estate Agent Real Estate 500

Housing Wire

JANUARY 13, 2022

The lawsuit, in part, challenges a rule first put forth by the National Association of Real Estate Exchanges, NAR’s forerunner, in 1913, that a member agent representing a home seller , “Always be ready and willing to divide the regular commission equally with any member of the Association who can produce a buyer for any client.”.

Brokerage 330

Brokerage Real Estate Agents Real Estate Agent 330

Housing Wire

DECEMBER 30, 2020

Now, home sellers in these markets have access to a cash offer upon listing their house, if qualified. The program, which first launched in October 2019 , already offers features including RealSure Sell, which gives home sellers the certainty of a cash offer while they work with an agent to bring a better offer.

Real Estate 229

Real Estate Sellers Real Estate Agent Agents 229

Listing Spark

JUNE 21, 2022

over the last year (The first time we have seen active listing growth since June of 2019). The good news for sellers is that the Texas median list price is up over 18% YOY. When the market starts to cool down things inherently start to take on a slower pace and sellers have to make an adjustment. in April and 8% in May.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Lamacchia Realty

MAY 7, 2024

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

Realtors 72

Realtors Realty Real Estate Clients 72

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

FEBRUARY 18, 2021

Learn how brokers and agents are growing listing visibility among rental properties, attracting more clients in the new year. How to gain more listing visibility in a shifting housing market. Presented by: Apartments.com. The 3D Home tours are currently available in 25 markets, with more expected to be added throughout 2021.

Agents 352

Agents Tools Housing Market Buyers 352

Housing Wire

OCTOBER 26, 2020

Through a combination of deep knowledge, driven by a proprietary integrated technology platform and data-driven insights, Xome is able to anticipate the needs of its clients and more efficiently manage processes. This is a huge value for our clients when it is crunch time.”.

Clients 361

Clients Valuation Technology Inspection 361

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

Lamacchia Realty

DECEMBER 28, 2023

Deanna has been a member of this club every year since its inception, having qualified in 2017, 2018 , 2019 , 2020 , 2021 , and 2022. Deanna is always giving 110% to her clients and it's clear that her passion for the industry is as strong as ever. We’re so proud of Deanna and couldn’t be happier for her!

Realty 74

Realty Sellers Buyers Real Estate 74

Housing Wire

JANUARY 21, 2022

At the close of 2019, the National Association of Realtors had 1.4 These rookies were thrust into the most extreme seller’s markets in history, where they had to learn on the fly how to write an offer, pitch a potential seller, and generate leads. million members. By the end of 2020 the organization’s membership had soared to 1.48

Agents 373

Agents Real Estate Agent Real Estate Clients 373

Housing Wire

AUGUST 28, 2020

The first is listing tools – the products designed for you to convert potential sellers into listing contracts. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools. It can also do a lot more than that.

Tools 239

Tools Sellers Real Estate Contracts 239

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

Lamacchia Realty

NOVEMBER 3, 2023

Additionally, Leslie is a member of the 2019 , 2020 and 2021 President’s Club. His focus is on helping buyers and sellers have a stress-free, efficient, and smooth real estate transaction experience. Carolyn wants to help as many buyers and sellers achieve their goals as possible. To learn more about Brad, click here.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

FEBRUARY 6, 2024

Eileen is a member of the Lamacchia Realty 2017 , 2018, 2019 , 2020, 2021, and 2022 President’s Club , and the 2020 , 2021, 2022 President’s Club ELITE. She was awarded Most Transactions and Most Sales Volume in 2018 2019 , 2020 , 2021 , and 2022 for our Woburn Office. Click here to learn more about Eileen Doherty.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

APRIL 1, 2024

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. Over the last few quarters, we’ve begun collaborating with sellers to roll out our HEI product to their clients,” according to a year-end 2023 Redwood Trust shareholder letter.

Finance 383

Finance Investing Real Estate Agent Real Estate 383

Lamacchia Realty

MARCH 7, 2024

Cheryl’s primary focus is on assisting clients in buying and selling their homes, and she takes great pride in guiding them through the entire process, from the closing table and beyond. As a people person, Lisa loves building long-lasting relationships with her clients. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 72

Realtors Realty Real Estate Clients 72

Lamacchia Realty

APRIL 8, 2024

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

Realtors 71

Realtors Realty Real Estate Agents 71