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. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 404

Agents Advertising Real Estate Buyers 404

Housing Wire

NOVEMBER 9, 2023

In her first video appearance since the jury verdict in the Sitzer/Burnett commission lawsuit , National Association of Realtors president Tracy Kasper told NAR members that she shares their disappointment in the decision.

Agents 413

Agents Legal Sellers Clients 413

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. He noted that the average RE/MAX agent closed 11.8

Agents 351

Agents Real Estate Training Buyers 351

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.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

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

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. For too long our industry mandated agents join a trade association,” Haber told HousingWire. “We

Real Estate Agent 437

Real Estate Agent Real Estate Agents Legal 437

Housing Wire

MARCH 15, 2024

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. NAR’s legal counsel approved the settlement agreement early Friday morning. The story was first reported by the New York Times. It has yet to be filed in court.

Legal 539

Legal Agents Realtors Real Property 539

Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. 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.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. 2021 to a buyer represented by a Redfin agent. She was also represented by a Redfin agent in the transactions.

Realtors 383

Realtors Legal Agents Brokerage 383

Housing Wire

JANUARY 25, 2024

The PLS.com and three of the nation’s largest multiple listing services have reached a settlement agreement in their ongoing legal battle. The fourth defendant in the suit, the National Association of Realtors , is not included in the settlement agreement. The original lawsuit was dismissed in Feb.

Legal 407

Legal Real Estate Agents Realtors 407

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 333

Realtors Finance Agents Legal 333

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.”

Buyers 387

Buyers Agents Loan Officers Real Estate 387

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 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 380

Realtors Agents Real Estate Logistics 380

Housing Wire

JANUARY 29, 2024

Two days after The PLS.com and three of the nation’s largest multiple listing services notified the court they had reached a settlement in their ongoing legal battle, the listing site filed a motion to dismiss the only remaining defendant, the National Association of Realtors , without prejudice. Holcomb of U.S.

Legal 384

Legal Real Estate Agents Realtors 384

Housing Wire

MARCH 20, 2024

While all types of brokerage models see different levels of success in the current real estate environment, industry experts believe this may change due to the terms of the recently negotiated settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits. Fewer agents?

Brokerage 432

Brokerage Agents Realtors Real Estate 432

Housing Wire

APRIL 23, 2024

They also bar the trade group from establishing any sort of rules that would allow a seller’s agent to set compensation for a buyer’s agent. Offering cooperative compensation is legal in all 50 states and the four territories that we have Realtor associations, so we didn’t want to usurp state laws,” Sears said.

Realtors 357

Realtors Brokerage Agents Real Estate 357

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 423

Clients Agents Buyers Sellers 423

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.

Inventory 389

Inventory Agents Real Estate Sellers 389

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next. “Why

Training 389

Training Agents Real Estate Brokerage 389

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 369

Buyers Contracts Agents Realtors 369

Housing Wire

MAY 3, 2024

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson.

Sellers 445

Sellers Legal Buyers Realtors 445

Housing Wire

APRIL 29, 2024

The firm also agreed that will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. “The Our global network of leading agents and luxury brand continue to position Douglas Elliman for future success as real estate markets stabilize.

Brokerage 376

Brokerage Agents Legal Realty 376

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?

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

SEPTEMBER 5, 2023

“The path to obtain final approval and implement the settlement is a long one, and Anywhere has taken the first important step toward a resolution that not only releases the company but also our affiliated agents and franchisees.

Real Estate 414

Real Estate Buyers Legal Realtors 414

Housing Wire

JULY 23, 2021

During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR and conversations he has had with top-level agents on how they’re feeling about this news. How, if at all, does it practically affect agents? Mathew Blake: This is not an obscure, legal matter. HousingWire: Interesting insight.

Real Estate Agent 414

Real Estate Agent Real Estate Agents Brokerage 414

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Real Estate Agent 431

Real Estate Agent Real Estate Agents Insurance 431

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Batton 2 commission lawsuit details Filed on Nov. 2 in the U.S.

Real Estate 423

Real Estate Realtors Sellers Agents 423

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. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

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. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.” It was filed on Wednesday in U.S.

Realtors 511

Realtors Brokerage Realty Real Estate 511

Housing Wire

NOVEMBER 1, 2023

The real estate industry as agents and brokers know it has been turned upside down. It remains to be seen exactly what the guilty verdict in the Sitzer/Burnett commission lawsuit means for agents and brokers, as the industry waits for Judge Stephen Bough’s injunction. billion in damages. (It It would swell to $5.36

Open Houses 469

Open Houses Brokerage Agents Realtors 469

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The DOJ may also file charges separately to prevent any display of buyer agent commissions on any platform.

Brokerage 444

Brokerage Agents Real Estate Buyers 444

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. .”

Buyers 449

Buyers Brokerage Agents Realtors 449

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%

Realtors 348

Realtors Agents Sellers Real Estate 348

Housing Wire

APRIL 23, 2024

The National Association of Realtors (NAR) can breathe a small sigh of relief. Under the terms of the settlement agreement, NAR will pay $418 million to a settlement fund over the course of four years, and the trade group is barred from establishing any sort of rules that would allow a seller’s agent to set compensation for a buyer’s agent.

Realtors 466

Realtors Agents Buyers Legal 466

Housing Wire

JANUARY 16, 2024

A few days ago, the three main defendants— National Association of Realtors , Keller Williams and HomeServices —in the Sitzer/Burnett case filed two motions with the court. So, while I make no claim as to the specific deep legal issues, I have some familiarity of antitrust actions and more in the conduct of legal actions in a courtroom.

Agents 358

Agents Law Sellers Legal 358

Housing Wire

NOVEMBER 9, 2023

In mid-October amidst ongoing controversy, the National Association of Realtors (NAR) announced it has changed its commission rule , also known as its Participation Rule. It now allows listing brokers to offer buyer brokers $0 in compensation when listing a home in any of the 500 Realtor-affiliated MLS s across the U.S.

Real Estate Agent 384

Real Estate Agent Real Estate Agents Realtors 384