Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 398

Real Estate Agent Loan Officers Real Estate Agents 398

Cleveland Appraisal Blog

APRIL 26, 2023

Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself. They know the ins and outs of the real estate market in the local area where you are buying and can guide you through the buying process.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

JANUARY 11, 2024

There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions. But at this point it really isn’t about NAR, it is about the future of the industry.

Real Estate Agent 418

Real Estate Agent Real Estate Buyers Agents 418

Housing Wire

JANUARY 8, 2024

A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. 31, 2023, and Dec. In a filing dated Dec.

Real Estate 309

Real Estate Realty Real Estate Agent Legal 309

Housing Wire

APRIL 8, 2024

In the release, Real noted that it does not foresee the settlement having a material impact on its future operations. In settling this lawsuit, Real joins Compass , the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The Real Brokerage closed $14.4

Brokerage 341

Brokerage Real Estate Agent Real Estate Clients 341

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Sellers Buyers Real Estate Agents 411

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5%

Realty 455

Realty Realtors Real Estate Real Estate Agent 455

Housing Wire

APRIL 5, 2024

However, the DOJ, under new leadership in the Biden administration, withdrew the settlement in July 2021 , stating that the terms of the agreement prevent regulators from continuing to investigate certain association rules that they feel harm buyers and sellers. In late January 2023 , Judge Timothy Kelly of the U.S.

Realtors 536

Realtors Contracts Government Real Estate 536

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. Accepted by the court on Oct.

Real Estate 389

Real Estate Sellers Realtors Real Estate Agent 389

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. We expect to achieve our $900 million annualized non-GAAP operating expense run rate in Q4 2023,” Refkin said during the call.

Agents 325

Agents Real Estate Agent Realtors Brokerage 325

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 421

Sellers Buyers Real Estate Contracts 421

Housing Wire

DECEMBER 27, 2023

30, 2023, ARMLS is no longer supporting the integration for the ShowingTime platform. According to the complaint, this leaves Aligned Showings as the only choice available to agents on those MLS portals. “By This is just the latest lawsuit alleging anticompetitive behavior in the real estate industry. Since the Oct.

Real Estate 487

Real Estate Agents Real Estate Agent Sellers 487

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. First, more buyers are using agents in 2023 than in 2003. Third, Compass agents have doubled down on training to help them better communicate their value proposition. That is an improvement over its $150.2

Agents 332

Agents Brokerage Real Estate Clients 332

Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Listing agents, most of whom also represent buyers as well as sellers, could continue to persuade their clients that today’s 2.5% The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 341

Buyers Contracts Agents Realtors 341

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Representatives for Anywhere and Keller Williams declined to comment on the fast-approaching hearing date.

Realtors 319

Realtors Real Estate Agent Real Estate Brokerage 319

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Kays join John and Nancy Moratis in the suit that was originally filed in early December 2023 in the U.S.

Brokerage 301

Brokerage Realty Real Estate Real Estate Agent 301

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

Inspection 70

Inspection Sellers Buyers Agents 70

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. million real estate license holders, many handle only one or two transactions a year.

Agents 332

Agents Real Estate Contracts Real Estate Agent 332

Housing Wire

FEBRUARY 1, 2024

The settlement settles all home seller lawsuits nationwide. This will not impact our operations or our ability to support our franchisees and agents,” Frost added in his email. According to Keller Williams spokesperson Darryl Frost, the firm will pay $70 million as part of the settlement agreement. The jury awarded full damaged of $1.7

Agents 463

Agents Realtors Real Estate Agent Real Estate 463

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 416

Clients Agents Buyers Sellers 416

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 363

Realtors Agents Real Estate Real Estate Agent 363

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide.

Real Estate 70

Real Estate Legal Law Contracts 70

Housing Wire

JANUARY 9, 2024

In addition to the long running Moehrl commission lawsuit , as well as the Batton 1 and Batton 2 suits , the Prairie State is now home to the Tuccori suit, filed in early December 2023 by James Tuccori against @properties. The suit was originally filed in the Circuit Court of Cook County Illinois, but it was moved to the U.S.

Property Management 347

Property Management Real Estate Agents Brokerage 347

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. 18, 2023,” Jessica Leal, the DOJ’s trial attorney, wrote in the letter. On Wednesday, Dec.

Real Estate Agent 333

Real Estate Agent Real Estate Buyers Realtors 333

Listing Spark

OCTOBER 9, 2023

Are you considering selling your home without the assistance of a real estate agent? In this blog post, we’ll explore the typical experience of a For Sale By Owner seller and provide insights into what you can expect when listing your property. Buyers appreciate proactive and attentive sellers.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Housing Wire

FEBRUARY 15, 2024

Named after its lead plaintiff, the Nosalek suit alleges that MLS PIN, HomeServices of America , Keller Williams , RE/MAX and Anywhere colluded to artificially inflate real estate agent commissions. But the DOJ intervened in September 2023, stating that it had “significant concerns” about the settlement.

Brokerage 336

Brokerage Real Estate Agent Buyers Real Estate 336

Housing Wire

DECEMBER 5, 2023

However, the DOJ, under new leadership in the Biden administration, withdrew the settlement in July 2021 , stating that the terms of the agreement prevent regulators from continuing to investigate certain association rules that they feel harm buyers and sellers. In late January 2023 , Judge Timothy J. Kelly of the U.S.

Real Estate Agent 330

Real Estate Agent Law Real Estate Agents 330

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 363

Real Estate Real Estate Agent Law Inspection 363

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. These properties are frequently incorrectly priced, poorly staged, and it’s far more difficult to schedule a showing without a seller’s agent.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

Housing Wire

NOVEMBER 3, 2023

But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario. District Court in Western Missouri granted Anywhere’s motion to continue on December 13 and said the court would choose a new trial date “in late 2023,” but an exact timeline was not provided, as previously reported by Han.

Real Estate 288

Real Estate Brokerage Buyers Property Management 288

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Lamacchia Realty

AUGUST 15, 2023

Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. If the seller accepts, the rest of the process happens quite swiftly. In many cases, a home can be sold within days.

Buyers 56

Buyers Real Estate Agent Real Estate Realty 56

Lamacchia Realty

NOVEMBER 21, 2023

This perspective is particularly useful for buyers and sellers looking to understand the long-term value of their investments. The Integration of Technology in Local Real Estate In today’s digital age, local real estate experts harness various technological tools to offer clients an enhanced experience.

Real Estate 62

Real Estate Real Estate Agent Local Properties Valuation 62

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Lamacchia Realty

JULY 10, 2023

So, if you’re purchasing a home that was built after August of 2004, it’s best to check with the seller and their agent about the drywall. Due to the potential financial implications, sellers may try to conceal the presence of defective drywall in their property in order to sell the home for a higher price.

Inspection 68

Inspection Realty Agents Sellers 68

Lamacchia Realty

DECEMBER 13, 2023

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Don't Throw Snow Back Into the Street After large snowstorms, you may have to get creative to figure out where you’re going to put the snow. Throwing snow into Boston city streets is prohibited and will also result in fines.

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Law Real Estate Agent Legal Realty 66

Appraisal Today

MARCH 31, 2023

And that’s the way it is – March 1, 2023. To read what Fannie says, click here ————————– Link to Fannie SEL-2023-02: Selling Guide Updates PDF To read more, click here My comments: Lenders Are Happeeee! . Ok appraisers, it’s time to speak out and stand together.

Appraisal 52

Appraisal Contracts Inspection Clients 52