Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 419

Brokerage Realty Real Estate Agent Real Estate 419

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. They noted that in the Houston metro area, between 1997 and 2019, 2.58 of them including an offer to pay 3% of the sales price to the buyer’s agent.

Agents 372

Agents Legal Real Estate Agent Buyers 372

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. So far, Offerpad’s agents have played a bit role in the company’s growth.

Agents 386

Agents Real Estate Agent Real Estate Sellers 386

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. As the saying goes, everything is bigger in Texas.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

Housing Wire

APRIL 28, 2021

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. On average 6% of the proceeds from each home sale went to the participating real estate agents.

Real Estate 327

Real Estate Real Estate Agent Agents Brokerage 327

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Its agents also offer buyer broker compensation.

Real Estate 406

Real Estate Sellers Realtors Real Estate Agent 406

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

Real Estate Agent 420

Real Estate Agent Real Estate Brokerage Agents 420

Housing Wire

AUGUST 21, 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. Homelight , a platform for homebuyers and sellers, was No. The self-reported list ranks U.S.

Real Estate 360

Real Estate Real Estate Agent Technology Investors 360

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present.

Realtors 433

Realtors Sellers Buyers Real Estate 433

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 402

Real Estate Brokerage Sellers Law 402

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. 13, 2019, to the present. The lawsuit was filed on Monday by plaintiffs QJ Team, LLC. , a Texas-based homebuilder, and Five Points Holdings, LLC. , a holding company headed by DS News founder Mark Hulme, in the U.S.

Real Estate 403

Real Estate Realtors Realty Buyers 403

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 344

Real Estate Sellers Realtors Brokerage 344

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. of offers written by Redfin agents facing competition in August. In 2018-2019, total housing inventory was in the range between 1.52

Buyers 430

Buyers Inventory Real Estate Agent Agents 430

Housing Wire

APRIL 22, 2024

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. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent.

Real Estate 351

Real Estate Open Houses Brokerage Real Estate Agent 351

Housing Wire

MARCH 16, 2022

in 2019, but they are still much more likely than non-Hispanic whites to get denied a conventional loan. One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. “A Last year, the Hispanic homeownership rate grew to 48.4% from 47.5%

Real Estate Agent 376

Real Estate Agent Real Estate Agents Sellers 376

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

Brokerage 400

Brokerage Realty Real Estate Inventory 400

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present.

Realty 419

Realty Realtors Brokerage Real Estate 419

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.

Real Estate Agent 404

Real Estate Agent Real Estate Brokerage Realtors 404

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 brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. billion in damages.

Agents 417

Agents Training Real Estate Real Estate Agent 417

Housing Wire

NOVEMBER 4, 2022

These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America. Those who have housing equity hold the cards and they’ve fared very well in the current real estate market.

Buyers 357

Buyers Sellers Real Estate Agent Real Estate 357

Housing Wire

APRIL 1, 2024

Mortgage lenders and real estate agents will need to incorporate HEI offerings into their businesses, said John Arens, head of the business unit at Aspire, an HEI platform owned by Redwood Trust. “We Potential partnerships Home equity investments are likely to become essential to the home finance product marketplace.

Finance 389

Finance Investing Real Estate Agent Real Estate 389

McKissock

SEPTEMBER 20, 2020

As a real estate agent, your income is determined by your ability to close the deal. To successfully master the art of real estate negotiations, you’ll want to find the most creative and powerful strategies available. Check out our post: Best Books for New Real Estate Agents. Richard Shell.

Real Estate Agent 73

Real Estate Agent Real Estate Agents Contracts 73

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

DECEMBER 1, 2021

million Series A round announced in the spring of 2019. Clever’s platform connects consumers with over 12,000 vetted real estate agents. The company negotiates discounted rates, making it easier to compare and interview agents. It also works with buy-side agents.

Mortgage 388

Mortgage Real Estate Real Estate Agent Agents 388

Housing Wire

MARCH 10, 2021

Another California county, Santa Cruz, saw home prices increase 18% year over year, while the time on market for homes also fell 50 days from 2019. What’s striking about the increase of homebuyers in Santa Cruz County is the similarity in real estate prices to its neighboring metro areas, San Francisco and Silicon Valley. .

Real Estate 545

Real Estate Real Estate Agent Agents Home Value 545

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 369

Brokerage Real Estate Realty Real Estate Agent 369

Housing Wire

MARCH 18, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Rascoff is the co-founder of Zillow , but he departed as company CEO in early 2019, replaced by another company co-founder, Rich Barton.

Real Estate 422

Real Estate Real Estate Agent Loan Officers Technology 422

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. Reffkin cited the Seattle market as reason for optimism.

Agents 348

Agents Real Estate Agent Realtors Brokerage 348

Housing Wire

JANUARY 21, 2022

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. At the close of 2019, the National Association of Realtors had 1.4 million members.

Agents 375

Agents Real Estate Agent Real Estate Clients 375

Appraisal Today

JULY 29, 2022

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. But is it because sellers are rushing to list their homes? Data for those fixer homes (contractor specials). 1826 Clement Ave.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

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 504

Housing Market Marketing Real Estate Agent Real Estate 504

Housing Wire

JANUARY 13, 2022

When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s company. “My

Brokerage 336

Brokerage Real Estate Agents Real Estate Agent 336

Lamacchia Realty

AUGUST 2, 2022

With dozens of moving parts, there are many places sellers can find themselves making mistakes and ultimately costing themselves money; markets evolve and what worked years ago may not work now. Below is a list of the most common mistakes home sellers make as well as recommendations for how to avoid them! Hiring the Wrong Agent.

Sellers 63

Sellers Agents Real Estate Agent Buyers 63

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 231

Real Estate Sellers Real Estate Agent Agents 231

Housing Wire

JULY 21, 2021

Selling and buying in The Villages tends to be a highly emotional process, according to local real estate agents. which has seen real controversy in recent years. 16, 2019, the two top real estate agents for Properties of the Villages Inc. announced their abrupt departures by email.

Real Estate Agent 393

Real Estate Agent Real Estate Realty Agents 393

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I As the year heads closer to spring, triggering the start of the prime homebuying season, agents in Virginia feel optimistic about the market. “We

Inventory 388

Inventory Buyers Agents Real Estate 388