Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 344

Buyers Contracts Agents Realtors 344

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 369

Contracts Brokerage Law Real Estate Agent 369

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.” UWM sued Kevron Investments Inc.

Contracts 413

Contracts Loan Officers Lending Retail 413

Housing Wire

JUNE 6, 2023

The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect. The lender also sued Californian brokerage shop Kevron Investments Inc.

Brokerage 317

Brokerage Contracts Legal Business 317

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. billion in the first six months of 2023, according to data from Inside Mortgage Finance. The lender originated $10.6

Loan Officers 364

Loan Officers Legal Real Estate Lending 364

Housing Wire

APRIL 5, 2024

The brokerage firm argued that if these settlements are rejected or challenged, the math for the final judgement amount would change. In addition, the brokerage firm noted that it does not have an immediate interest in appeal as they are still dealing with their post-trial motions. In its filing, HomeServices petitioned the U.S.

Brokerage 355

Brokerage Sellers Law Contracts 355

Housing Wire

NOVEMBER 3, 2023

Chip Stella, a LandVest broker, is in the camp that believes brokerage provisions no longer requiring NAR membership will have an impact on membership numbers, but he isn’t sure how large it will be. Well, last I checked, Colorado still has a record number of Realtor members and last I checked, California still has 162,000 Realtor members.”

Realtors 398

Realtors Agents Brokerage Contracts 398

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. 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.

Realty 353

Realty Real Estate Law Brokerage 353

Housing Wire

AUGUST 31, 2023

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. Davis has ignored those courts.

Contracts 396

Contracts Brokerage Business Training 396

Housing Wire

OCTOBER 22, 2023

Requirements to get your real estate license in Texas Getting your real estate license in Texas comes down to fulfilling your qualifying education requirement, applying for your license, getting your background check, taking and passing the exam, and finding a sponsoring brokerage. That’s an average pass rate of 58% for exam takers. [5]

Real Estate 351

Real Estate Real Estate Agent Agents Brokerage 351

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

FEBRUARY 16, 2024

All of the brokerage defendants except for HomeServices of America have settlement agreements related to the suit. In June 2023, MLS PIN reached a settlement agreement with the Nosalek plaintiffs. The Keller Williams settlement has yet to receive preliminary approval.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

DECEMBER 5, 2023

In late January 2023 , Judge Timothy J. The Justice Department is not free to ignore the principles of contract law and fair dealing that bind every other party before the courts,” he added. NAR filed a petition in September 2021 to set aside or modify the DOJ’s probes into the trade group. Kelly of the U.S.

Real Estate Agent 333

Real Estate Agent Law Real Estate Agents 333

Housing Wire

MAY 3, 2024

transaction sides in 2023, more than double the average of other agents. Amy Lessinger , the newly appointed president of RE/MAX, attributed at least some of declining domestic agent count to the overall industry contraction. million in Q1 2023. He noted that the average RE/MAX agent closed 11.8 annualized decline in U.S.

Agents 324

Agents Real Estate Training Buyers 324

Housing Wire

NOVEMBER 30, 2023

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Real Estate 359

Real Estate Real Estate Agent Brokerage Agents 359

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves.

Realtors 367

Realtors Agents Real Estate Real Estate Agent 367

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. It is likely that a frequent question in 2023 will be; can you fire a real estate agent in Georgia? YES, but the devil is in the details of the brokerage agreements. READ the contract and look for stipulations inserted by the agent.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Sellers 98

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Ready to find a real estate brokerage? To select the best brokerage for you, here are four things to consider: 1. According to ZipRecruiter, a real estate agent working in Illinois earns $76,653 per year on average, as of Sep 27, 2023.

Real Estate Agent 365

Real Estate Agent Real Estate Agents Brokerage 365

Housing Wire

NOVEMBER 30, 2023

Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more. Salary as of September 25, 2023. Athens Campus location.

Real Estate 367

Real Estate Real Estate Agent Law Inspection 367

Appraisal Today

FEBRUARY 16, 2024

According to a 2023 YouGov survey, 32% of Americans participate in virtual meetings for work and 37% do so for personal calls. The date of value can be a legal issue and the appraiser should not be the one accepting responsibility for whether the date of value is correct for whatever the use is (such as an estate tax return).

Appraisal 80

Appraisal Contracts Training Architecture 80