Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

Brokerage 365

Brokerage Real Estate Agent Real Estate Clients 365

Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our strategy is simple – be the independent source of information housing leaders seek first, and trust the most,” Clayton Collins, HousingWire CEO, said. “By

Realtors 386

Realtors Brokerage Tools Inventory 386

Housing Wire

OCTOBER 25, 2023

First Team Real Estate , the largest independent brokerage in California , left Christie’s International Real Estate , the company first told Inman on Wednesday. We felt that our independence is what got us to where we are today and what will enable us to continue innovating on behalf of our agents.

Brokerage 375

Brokerage Real Estate Agent Real Estate Agents 375

Housing Wire

JANUARY 26, 2024

When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits.

Brokerage 386

Brokerage Realty Realtors Sellers 386

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The broader impact of the National Association of Realtors (NAR) settlement is still unfolding.

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Real Estate Agent Real Estate Agents Brokerage 397

Housing Wire

APRIL 16, 2024

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing.

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Real Estate Agent Real Estate Agents Brokerage 436

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Kevin Sears, President of National Association of Realtors. “It

Realty 414

Realty Brokerage Real Estate Realtors 414

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. As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

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Brokerage Realty Real Estate Agent Real Estate 421

Housing Wire

MARCH 4, 2024

housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. In our dedication to providing the full picture to housing professionals across the U.S.

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Realtors Real Estate Housing Market Brokerage 384

Housing Wire

MARCH 14, 2024

With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association.

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Realtors Real Estate Agents Housing Market 334

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. If added together, Nestfully’s five MLSs have 343,000+ agent and brokerage subscribers.

Realtors 364

Realtors Brokerage Real Estate Agents 364

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 26, 2024.

Brokerage 381

Brokerage Realty Sellers Real Estate 381

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1

Agents 360

Agents Brokerage Real Estate Clients 360

Housing Wire

OCTOBER 4, 2021

Over half of Realtors said that social media was their top lead-generating technology tool, according to a new survey report from the National Association of Realtors. With 30% of brokerage business coming from referrals and repeat customers, it is critical for agents to build and maintain relationships with their clients.

Realtors 463

Realtors Agents Technology Brokerage 463

Housing Wire

SEPTEMBER 7, 2023

Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. With the Realtor count close to 1.6 million, according to the National Association of REALTORS , that’s a mean average of 13 agents per firm.

Real Estate 336

Real Estate Brokerage Realtors Agents 336

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business. In mid-May 2022, REX ceased its brokerage operations.

Advertising 385

Advertising Brokerage Real Estate Legal 385

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 315

Agents Brokerage Real Estate Tools 315

Housing Wire

NOVEMBER 29, 2023

A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not successfully growing your brokerage. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 404

Agents Brokerage Training Real Estate 404

Housing Wire

NOVEMBER 20, 2023

billion dollar damages claim assessed against the National Association of Realtors , Keller Williams and HomeServices , I wondered what impact this could have economically on the industry. I decided to break down the numbers and look at brokerage economics. goes to the agents and teams. While reading about the $1.8

Brokerage 339

Brokerage Real Estate Agent Agents Real Estate 339

Housing Wire

APRIL 26, 2024

We curated a shortlist of the top real estate podcasts that provide useful information for agents at every stage of their careers. Whether you’re looking to stay informed or motivated, gain market insights, or learn strategies from the masters — our list of the best real estate podcasts for agents can help you level up your business in 2024.

Real Estate 447

Real Estate Agents Real Estate Agent Training 447

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 498

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 addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 331

Brokerage Realty Real Estate Real Estate Agent 331

Housing Wire

JANUARY 16, 2024

Vanguard operates in Marin, Sonoma, Napa, San Francisco, East Bay and Palm Springs counties and has approximately 500 agents. Twin Oaks is headquartered in Solano County and has roughly 100 agents, while Windermere is headquartered in Seattle and has over 6,500 agents. The lawsuit was originally filed in U.S.

Brokerage 378

Brokerage Realtors Realty Real Estate 378

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

Brokerage 428

Brokerage Real Estate Realtors Legal 428

Housing Wire

NOVEMBER 29, 2023

Knoxville, Tennessee -based Realty Executives have gained some top-producing agents. Ryan Levenson, who is the 2023 president of the East Tennessee Realtors’ Association , is a third-generation real estate agent, following his parents, Rich and Patti Levenson, into the business. In 2022, Ryan ranked as the No.

Realty 384

Realty Agents Real Estate Agent Real Estate 384

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

Sellers 424

Sellers Agents Brokerage Real Estate 424

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

Brokerage 391

Brokerage Real Estate Realty Agents 391

Housing Wire

MAY 17, 2024

As a real estate agent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But it can be even more difficult for real estate agents since many are self-employed. Which is better: A Solo 401(k) or a SEP IRA?

Real Estate Agent 348

Real Estate Agent Real Estate Agents Investing 348

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. The two MLSs named in the suit California Regional MLS and Combined L.A.

Realtors 511

Realtors Brokerage Realty Real Estate 511

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

Realtors 422

Realtors Law Agents Real Estate 422

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. Congratulations!” And that was that!

Agents 399

Agents Real Estate Agent Brokerage Real Estate 399

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

Agents 404

Agents Advertising Real Estate Buyers 404

Housing Wire

FEBRUARY 12, 2024

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions. In that context, Clever Real Estate released a study unveiling the average Realtor commission in every state. The company surveyed 630 real estate agents across the country.

Real Estate Agent 391

Real Estate Agent Realtors Real Estate Brokerage 391

Housing Wire

JANUARY 10, 2024

Most agents seldom sell homes, according to a new study published by the Consumer Federation of America last week. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S. sell at most five homes in a year. On this, NAR has previously reached the same conclusion.

Agents 420

Agents Real Estate Real Estate Agent Training 420

Housing Wire

JULY 1, 2021

So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Brokerages largely waved the white flag in building competing home listings sites. Are your agents working for Zillow or are they working for you?”. Become a member today.

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Real Estate Brokerage Technology Agents 410

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

Brokerage 404

Brokerage Real Estate Agents Sellers 404

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. According to Redfin, the settlement resolves all of the claims in the lawsuits and releases the firm, its subsidiaries and agents from the claims. brokerage that has saved consumers more than $1.5 As the only U.S.

Brokerage 412

Brokerage Realty Real Estate Agents 412