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.

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Brokerage Realty Real Estate Real Estate Agent 320

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

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Brokerage Agents Realtors Real Estate 427

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 and the Plaintiffs.”

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Brokerage Realty Sellers Real Estate 381

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.” Westside MLS. 17, 2020, and the present.

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Realtors Brokerage Realty Real Estate 503

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. While the top four companies stayed at the top, eXp Realty displaced HomeServices of America , who had a stronghold on the No. eXp Realty moved from No. of all Realtors.

Brokerage 381

Brokerage Real Estate Realty Agents 381

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit.

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Brokerage Realtors Realty Real Estate 368

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. 16, 2020, and the present. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

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Real Estate Realtors Realty Brokerage 398

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. We are looking forward to the next chapter for our brokerage.

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Realtors Realty Real Estate Brokerage 78

Housing Wire

JANUARY 9, 2024

Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS. 5, 2020, and the present.

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Realty Realtors Real Estate Real Estate Agent 457

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

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Realty Realtors Brokerage Real Estate 419

Housing Wire

APRIL 30, 2024

A day after announcing major changes to its executive team, eXp Realty is once again shaking up its leadership. On Tuesday, the nation’s largest brokerage by transaction side count announced that it had named Kendall Bonner as its new vice president of industry relations.

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Realty Real Estate Realtors Brokerage 352

Housing Wire

FEBRUARY 6, 2024

Like the other commission lawsuits , the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

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Realty Realtors Real Estate Brokerage 363

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

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Brokerage Real Estate Realtors Legal 419

Housing Wire

MAY 2, 2024

Revenue at the parent company of eXp Realty increased 11% year over year to $943 million during the first quarter of 2024, executives disclosed on Wednesday. Pareja, the newly appointed CEO of eXp Realty, said that sales volume in Q1 2024 was up 12% year over year, hitting $37.2 In Q1 2024, the company reported a $15.6

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Realty Brokerage Agents Real Estate 333

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. brokerage that has saved consumers more than $1.5 The National Association of Realtors has also reached a nationwide settlement of the commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25

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Brokerage Realty Real Estate Agents 418

Housing Wire

MARCH 7, 2024

In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. District Court of Nevada in early January 2024, the Whaley suit (like other commission lawsuits) accuses real estate industry players of colluding to artificially inflate agent commissions.

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Realty Real Estate Realtors Brokerage 356

Lamacchia Realty

APRIL 19, 2024

April 19, 2024 – Lamacchia Realty is pleased to announce that Lynn Walsh has joined Lamacchia Realty’s Leominster office. With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts.

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Realty Realtors Training Clients 74

Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

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Real Estate Realtors Realty Real Estate Agent 463

Lamacchia Realty

MAY 7, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! To learn more about Michelle, click here. Lisa’s passion is helping and giving back.

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Realtors Realty Real Estate Clients 72

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 370

Housing Wire

APRIL 24, 2024

National Association of Realtors , et al., Defendants in the Gibson suit include NAR, Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate.

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Realtors Real Estate Brokerage Law 343

Real Estate News

JANUARY 10, 2024

Cases filed in Arizona and Illinois target At World, Realty One, HomeSmart, Realty Executives and several local firms and Realtor associations.

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Brokerage Realty Realtors 195

Lamacchia Realty

APRIL 8, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Jason was also named as a Top Producer for 2021 2022 , and 2023.

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Realtors Realty Real Estate Agents 71

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.

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Brokerage Real Estate Agents Sellers 399

Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. It dehumanizes Realtors and turns us into money-making machines.”

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Realtors Law Agents Real Estate 417

Lamacchia Realty

MAY 17, 2024

The Boston Business Journal has officially named Lamacchia Realty to its exclusive Fast 50 list , representing Massachusetts’s 50 fastest-growing private companies. In 2024, Lamacchia Realty ranked 40th on the Fast 50 List! This is the seventh year in a row that Lamacchia Realty has made the list!

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Realty Business Real Estate Brokerage 74

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. 13, 2019, to the present.

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Real Estate Realtors Realty Buyers 403

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. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

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Brokerage Agents Real Estate Buyers 438

Lamacchia Realty

MAY 9, 2024

Olivia O’Toole has joined Lamacchia Realty as an office manager in the Worcester County region. Olivia has an ideal skill set and history to make her the perfect candidate for this position at Lamacchia Realty, and we are thrilled to have her join. I am thrilled to welcome Olivia to our team of office managers.

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Realty Brokerage Real Estate Realtors 73

Housing Wire

MAY 7, 2024

The brokerage posted revenue of $225.5 Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago. The firm has reportedly recruited more than 130 top-producing agents to join the brokerage under the Redfin Next program. Our brokerage sales initiatives are working,” Kelman said in a statement.

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Marketing Brokerage Advertising Agents 339

Lamacchia Realty

FEBRUARY 6, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! Most recently, Nicole was honored with the 2023 Meghan A.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

JANUARY 2, 2024

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” “Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

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Sellers Brokerage Real Estate Realtors 388

Housing Wire

JANUARY 9, 2024

Three top agents from Realogics Sotheby’s International Realty moved to The Agency ’s outpost in Seattle, Seattle Agent Magazine reported on Friday. A seasoned Realtor , Hines was Sotheby’s top broker in sales volume in West Seattle in 2018-2019 and also appeared on Forbes Market Leader’s list.

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Realty Brokerage Agents Real Estate 349

Inman

SEPTEMBER 1, 2023

The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart.

Realtors 170

Realtors Realty Brokerage Agents 170

Lamacchia Realty

MARCH 7, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for February 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! To learn more about Cheryl Perry, click here.

Realtors 72

Realtors Realty Real Estate Clients 72

Lamacchia Realty

JANUARY 3, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for December 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, she officially joined the 2023 Lamacchia Realty President’s Club

Realtors 73

Realtors Realty Real Estate Clients 73

Housing Wire

NOVEMBER 3, 2023

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million (down from $4.4 million in Q3 2022).

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Buyers Realty Real Estate Realtors 356