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.

Real Estate 460

Real Estate Realtors Realty Real Estate Agent 460

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 22, 2019, and the present.

Real Estate 426

Real Estate Real Estate Agent Sellers Realty 426

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 401

Real Estate Realtors Realty Buyers 401

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. Its agents also offer buyer broker compensation.

Real Estate 387

Real Estate Sellers Realtors Real Estate Agent 387

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 It is really going to go backwards.

Brokerage 383

Brokerage Real Estate Agents Sellers 383

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present. Both lawsuits are seeking class-action status. These allegations are absurd.

Realty 410

Realty Realtors Brokerage Real Estate 410

Housing Wire

MAY 1, 2024

district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. 1, 1996, and the present. On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S. “

Sellers 372

Sellers Realtors Real Estate Agent Real Estate 372

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. Despite being listed in the suit, the four MLSs are not listed as defendants.

Real Estate 400

Real Estate Real Estate Agent Realtors Buyers 400

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. 27, 2019, and the present.

Sellers 369

Sellers Brokerage Real Estate Realtors 369

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Lyon & Associates , Guide Real Estate , Paul M.

Realtors 323

Realtors Real Estate Real Estate Agent Buyers 323

Housing Wire

APRIL 28, 2021

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. On average 6% of the proceeds from each home sale went to the participating real estate agents.

Real Estate 305

Real Estate Real Estate Agent Agents Brokerage 305

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

Real Estate 387

Real Estate Brokerage Sellers Law 387

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present. The National Association of REALTORS will respond to this complaint in court.”

Realtors 420

Realtors Sellers Buyers Real Estate 420

Housing Wire

MAY 29, 2024

In 2020, real estate industry veteran Rainy Hake Austin took her decades of experience to The Agency , where she currently serves as president of the Beverly Hills, California-based brokerage firm. Han: What are you doing to help your agents identify and articulate their value proposition?

Agents 297

Agents Real Estate Agent Real Estate Clients 297

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 320

Real Estate Sellers Realtors Brokerage 320

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.

Real Estate Agent 404

Real Estate Agent Real Estate Brokerage Realtors 404

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 353

Real Estate Real Estate Agent Brokerage Agents 353

Housing Wire

DECEMBER 15, 2023

In recent months, the New York Times has worked to expose what is has termed a “culture of fear” in the real estate industry, first setting its sights on the National Association of Realtors. The lawsuit focuses on eXp’s agent recruitment-heavy business model.

Agents 409

Agents Real Estate Agent Realty Real Estate 409

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 374

Agents Brokerage Training Real Estate 374

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 346

Real Estate Real Estate Agent Agents Brokerage 346

Housing Wire

JANUARY 11, 2024

District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. 29, 2019, to the present. The suit was filed in late December in U.S. A spokesperson for REBNY wrote in an email that the group was still reviewing the complaint.

Real Estate 368

Real Estate Sellers Real Estate Agent Agents 368

Housing Wire

OCTOBER 18, 2023

Ketchmark said the plaintiffs want the defendants, which include the National Association of Realtors , HomeServices of America and Keller Williams , to “return the money” they believe was unlawfully taken via commissions as a result of an alleged conspiracy between the defendants. Members of the group include many brokerage executives.

Agents 404

Agents Training Real Estate Real Estate Agent 404

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. No evidence of collusion First, according to the filings, the plaintiffs in the case presented no evidence at trial as to any collusion or conspiracy among the defendants.

Agents 326

Agents Law Sellers Legal 326

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits.

Buyers 391

Buyers Agents Real Estate Agent Clients 391

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. The day started with video depositions of four real estate brokerage executives. million of them are NAR members.

Law 397

Law Agents Realtors Contracts 397

Housing Wire

MARCH 25, 2021

RE/MAX has been around for almost half a century, and the brokerage with the red balloons spent their annual convention, held this week in Orlando and virtually, making the case for their continued relevancy. real estate agents, who are independent contractors. Real estate agents and LOs: the great collaboration.

Brokerage 402

Brokerage Agents Real Estate Agent Real Estate 402

Hank Miller Team

NOVEMBER 16, 2022

Here’s a fun fact, real estate agents in GA have no fiduciary responsibility to their client or customer. Are Real Estate Agents in GA Fiduciaries? In some states, but in Georgia real estate agents are not fiduciaries. There is no reason for an agent to volunteer this.

Real Estate Agent 52

Real Estate Agent Real Estate Agents Clients 52

Housing Wire

APRIL 30, 2021

Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale. The average real estate agent is probably an expert at Tik Tok.”.

Real Estate 429

Real Estate Real Estate Agent Agents Legal 429

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. Mobile-friendly design: Like many of us, homebuyers are constantly on the go. per month plus $249.95

Real Estate 370

Real Estate Real Estate Agent Agents Tools 370

Housing Wire

SEPTEMBER 3, 2021

A lawsuit that alleges the powerful National Association of Realtors and home listings giant Zillow illegally conspire to snuff out competition has survived NAR and Zillow’s motion to dismiss the case. How Your Brokerage Can Evolve to Meet Ever-Changing Industry Forces. Presented by: Weichert.

Brokerage 417

Brokerage Agents Real Estate Legal 417

Housing Wire

MARCH 27, 2024

Here’s a look at 11 real estate conferences and events that should be on your radar this year. Summary The Gathering by HousingWire Realtors® Legislative Meetings 2024 New York Real Estate Forum Buffini and Company Mastermind Summit Tom Ferry’s Success Summit RE!imagine Link to register 2. Link to register 8.

Real Estate 313

Real Estate Realtors Agents Real Estate Agent 313

Housing Wire

APRIL 4, 2022

Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”. Cracking the code on marketing to the realtor channel. Presented by: 1000watt.

Mortgage 362

Mortgage Real Estate Agent Loan Officers Agents 362

Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are.

Agents 363

Agents Buyers Training Law 363

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents.

Mortgage 328

Mortgage Brokerage Agents Real Estate Agent 328

Housing Wire

OCTOBER 1, 2021

Zillow on Thursday completed its $500 million acquisition of ShowingTime , which real estate agents use to schedule home viewings, as federal regulators did not extend their window to review the deal. Presented by: Flueid. The underlying constant during the pandemic was constant uncertainty. Learn more here.

Real Estate 422

Real Estate Agents Brokerage Law 422

Housing Wire

MARCH 22, 2024

Generate seller leads using AI Artificial Intelligence (or AI) is changing the way agents work in so many ways, and that includes how we generate seller leads. Data analysis allows real estate agents to focus their marketing efforts (and budget!) Let’s be honest, spending money on lead generation can get expensive.

Real Estate 358

Real Estate Sellers Real Estate Agent Tools 358