Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 332

Real Estate Brokerage Training Agents 332

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. Yet, the complexity of real estate transactions lies beyond the initial online search.

Real Estate 471

Real Estate Buyers Agents Sellers 471

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.

Real Estate 351

Real Estate Real Estate Agent Agents Brokerage 351

Housing Wire

MAY 9, 2024

After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. 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.

Brokerage 378

Brokerage Realty Sellers Real Estate 378

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 390

Real Estate Brokerage Sellers Law 390

Housing Wire

JULY 28, 2023

Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Displaying involvement often resonates with clients who prioritize social responsibility. Many desire alignment with those who share their values.

Real Estate Agent 303

Real Estate Agent Real Estate Agents Clients 303

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

Real Estate 402

Real Estate Realtors Realty Buyers 402

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I In Orange County, California, Dan Smith — the co-founder of Anvil Real Estate , which is brokered by white label firm Side — said he and his 84 agents began preparing for seismic shifts in the industry in mid-October of last year.

Brokerage 387

Brokerage Real Estate Agents Sellers 387

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 359

Real Estate Real Estate Agent Brokerage Agents 359

Housing Wire

NOVEMBER 28, 2023

In the wake of the landmark Sitzer/Burnett commission lawsuit case, the real estate world is in turmoil. The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day.

Real Estate 286

Real Estate Real Estate Agent Loan Officers Clients 286

Housing Wire

MARCH 11, 2022

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. accessing “password-protected” company computers to steal client data. and 5:30 a.m. and 5:30 a.m.

Real Estate 309

Real Estate Realty Real Estate Agent Legal 309

Housing Wire

APRIL 24, 2024

Another brokerage has decided to settle the commission lawsuits. Chicago-based At World Properties , which own @properties and Christie’s International Real Estate , has agreed to settle the nationwide class-action antitrust claims brought by home sellers.

Brokerage 274

Brokerage Real Estate Agents Sellers 274

Housing Wire

JANUARY 11, 2024

Getting your real estate license in California can take as little as 7.5 We’ll show you how to get a real estate agent in California, taking you through the process step-by-step. You’ll begin by fulfilling the required 135 California real estate course hours. You can save 30% using promo code HW30.

Real Estate 334

Real Estate Real Estate Agent Agents Law 334

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.

Real Estate Agent 365

Real Estate Agent Real Estate Agents Brokerage 365

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices.

Buyers 424

Buyers Brokerage Agents Sellers 424

Housing Wire

NOVEMBER 1, 2023

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% Actions since NAR banned mandatory and recommended fee schedules in 1961 and 1971, respectively, have often focused on allegations of agents steering clients.

Clients 417

Clients Agents Buyers Sellers 417

Housing Wire

FEBRUARY 9, 2021

Real estate is an attractive field for experienced and aspiring entrepreneurs alike. The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process. How to Diversify Your Brokerage to Weather Economic Hardship.

Real Estate 464

Real Estate Agents Technology Sellers 464

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 396

Real Estate Insurance Law Real Estate Agent 396

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M.

Brokerage 349

Brokerage Agents Legal Realty 349

Housing Wire

DECEMBER 13, 2021

Earlier this year, lawmakers in Oregon passed a bill ( HB 2550 ) that banned sellers’ agents from passing “non- customary documents” on to their clients, which has largely been interpreted as a ban on love letters. The bill was sponsored by Democratic state representative Mark Meek, who is a real estate broker himself.

Real Estate 393

Real Estate Law Sellers Agents 393

Housing Wire

MARCH 8, 2024

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. Lisa is super on the pulse.

Agents 377

Agents Legal Realtors Clients 377

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 Reffkin added that he also believes agents will have to sell their brokerage firm’s value proposition to prospective clients if they want to gain their business.

Agents 335

Agents Brokerage Real Estate Clients 335

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. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

Real Estate Agent 401

Real Estate Agent Loan Officers Real Estate Agents 401

Housing Wire

APRIL 24, 2024

The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions.

Realtors 326

Realtors Real Estate Brokerage Law 326

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.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 357

Contracts Brokerage Law Real Estate Agent 357

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.

Realty 353

Realty Real Estate Law Brokerage 353

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction.

Real Estate Agent 455

Real Estate Agent Real Estate Realtors Buyers 455

Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. In December 2021, she had left Compass to join the young brokerage SERHANT. “We have an unwavering commitment to our clients to provide the utmost client service experience,” said Wu.

Brokerage 277

Brokerage Legal Clients Real Estate 277

Housing Wire

APRIL 23, 2024

During CoStar’s earnings call on Tuesday, Florance insisted that consumers and advertisers prefer a real estate portal with digital twins. “We The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients. per share in cash and $2.75

Real Estate 287

Real Estate Advertising Legal Brokerage 287

Housing Wire

NOVEMBER 20, 2023

RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. said in a statement. At Anywhere, CEO and president Ryan Schneider was equally as pleased.

Legal 364

Legal Real Estate Agents Realtors 364

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 379

Real Estate Agent Real Estate Brokerage Law 379

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 378

Agents Advertising Real Estate Buyers 378

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” The work you do as agents and brokers moves New York City forward.

Real Estate Agent 345

Real Estate Agent Real Estate Agents Brokerage 345

Housing Wire

NOVEMBER 1, 2023

The real estate industry as agents and brokers know it has been turned upside down. However, real estate brokers across the country have already begun preparing themselves, their firms and their agents for the worst. “I The judge may take days or weeks to decide what structural changes the jury’s verdict will entail.

Open Houses 461

Open Houses Brokerage Agents Realtors 461

Housing Wire

MARCH 22, 2024

Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.”

Brokerage 403

Brokerage Realtors Agents Clients 403

Housing Wire

APRIL 23, 2024

a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker. What we are saying to sellers is that they can help buyers solve the problem of how to pay their agent’s commission — and that has worked magically,” said Linda O’Koniewski , CEO of Leading Edge Real Estate.

Brokerage 292

Brokerage Sellers Buyers Agents 292

Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. We learned the hard way about the control that the NAR maintains over the entire residential real estate industry. Talk about a conflict of interest.

Realtors 383

Realtors Contracts Real Estate Agents 383