Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

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Buyers Contracts Real Estate Agents 460

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. represent their firm or any broker or agent thereof 4.

Realtors 305

Realtors Finance Agents Legal 305

Housing Wire

APRIL 30, 2024

Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker.

Buyers 510

Buyers Agents Clients Realtors 510

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

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Buyers Agents Loan Officers Real Estate 373

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. She used Redfin agents for both listing and buying purposes. In the complaint, the plaintiff notes that while she only paid her Seattle-based listing agent a 1.5%

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Realtors Agents Sellers Real Estate 325

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. Talent for negotiation Negotiation isn’t easy. Another hat to place on your head?

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Real Estate Agent Real Estate Agents Clients 340

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

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Inventory Agents Real Estate Sellers 364

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. She also agreed that every HomeServices agent in Missouri is a member of the MLS and that the firm advocates for clear cooperation.

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Law Agents Realtors Contracts 401

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. In about half the U.S., In about half the U.S.,

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Realtors Agents Brokerage Contracts 398

Housing Wire

OCTOBER 2, 2023

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. After what the firm described as “careful deliberation,” Redfin will begin “requiring our brokers and agents to leave NAR everywhere we can. Despite this decision, Redfin said that in roughly half of the U.S.,

Brokerage 376

Brokerage Agents Realtors Legal 376

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

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Contracts Legal Realtors Agents 115

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 357

Contracts Brokerage Law Real Estate Agent 357

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. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

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Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

MAY 21, 2024

The National Association of Realtors (NAR) has petitioned a circuit court of appeals in Washington, D.C., In 2020, the DOJ’s antitrust division agreed to a settlement after investigating the trade group’s listing and agent compensation policies.

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Government Contracts Realtors Law 349

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.

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Contracts Brokerage Law Real Estate Agent 369

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The suit obtained class certification in March 2023.

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Real Estate Agent Realtors Real Estate Sellers 332

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

OCTOBER 20, 2023

During their testimony, attorneys for the defendants, which now include National Association of Realtors , Keller Williams and HomeServices of America , had the opportunity, if they wished, to cross-examine the witnesses in addition to the questions posed by Michael Ketchmark, the lead attorney for the plaintiffs.

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Contracts Agents Buyers Real Estate 370

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently. 2] DID YOU KNOW?

Real Estate Agent 365

Real Estate Agent Real Estate Agents Brokerage 365

Housing Wire

MARCH 29, 2024

The association notes in the draft of its proposed brief that its interest in the “proposed settlement stems from the fact, as DOJ highlights, that “several pending cases” are adjudicating MLSs’ adoption of the mandatory-compensation rule of the National Association of Realtors or similar policies.”

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Sellers Real Estate Buyers Contracts 406

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

SEPTEMBER 13, 2021

A communique that National Association of Realtors fired off Monday gives clues on what the Biden administration’s probe into the real estate trade group looks like – with one area of investigation NAR’s ban on pocket listings. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day.

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Legal Brokerage Realtors Contracts 256

Housing Wire

MARCH 28, 2024

NWMLS also noted in the motion that in its November 2020 settlement agreement with the National Association of Realtors , the DOJ asked for the types of changes made by NWMLS. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

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Sellers Contracts Buyers Realtors 328

Housing Wire

MAY 1, 2024

“We have the most and highest intent customers in real estate, we work with the most productive agents and we provide them with exceptional technology to make their lives more efficient,” Barton said. These are not our Premier Agent partners,” Barton said. Of the approximately 1.5

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Agents Real Estate Contracts Real Estate Agent 335

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 412

Housing Wire

NOVEMBER 17, 2023

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy.

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Training Realtors Agents Real Estate 344

Housing Wire

MAY 3, 2021

Rather than adapting to Zillow’s changes, REX has fabricated a massive industry-wide conspiracy, claiming that Zillow has ‘locked arms’ with NAR to inflate broker agent commissions,” reads the opposition paper, filed in Washington federal court in Seattle. REX replied to the legal filing in a company statement Monday.

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Brokerage Agents Advertising Legal 382

Housing Wire

FEBRUARY 16, 2024

As an example, the DOJ cites Northwest MLS (NWMLS), which no longer requires listing agents to make offers of buyer broker compensation in order to list a property. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed.

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Sellers Buyers Real Estate Contracts 422

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State. That’s a longer program than in most states.

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Real Estate Real Estate Agent Agents Brokerage 351

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

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Realty Real Estate Law Brokerage 353

Housing Wire

OCTOBER 31, 2023

During her testimony Davis stressed that there is no mandatory coaching for agents at Keller Williams. “It It would be inappropriate for MAPS program to tell agents what to charge,” she said. When asked if sellers ever complained about paying buyers comp Davis said, “No, there are other options if they don’t want to do that.”

Agents 373

Agents Sellers Buyers Law 373

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. Caballero is like any real estate listing agent, on the hunt for clients. What builders don’t need is a realtor to list their homes in a traditional way.

Realtors 302

Realtors Real Estate Agent Agents Real Estate 302

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

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HOA Property Management Real Estate Agent Technology 408

Housing Wire

JULY 26, 2023

Kelly’s late January ruling in favor of the National Association of Realtors (NAR). In its early June brief, the DOJ argued that the lower court “made several serious errors of basic contract law.” In June the Department of Justice filed a doozy of a first brief in its appeal of Judge Timothy J.

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Government Law Contracts Realtors 298

Housing Wire

DECEMBER 26, 2023

You’ll need to complete 75 hours of prelicensing classes to get licensed as a real estate agent in North Carolina. Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. When you buy through our links, we may earn a commission.

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Real Estate Real Estate Agent Design Law 357

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?” This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. When Do I Need an Attorney?

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Real Estate Legal Law Contracts 70

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question. But there’s also room for improvement.

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HOA Real Estate Agent Technology Real Estate 395