Remove brokers broker-contact-form
article thumbnail

Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function.

article thumbnail

Opinion: Why real estate agents shouldn’t worry about commission changes

Housing Wire

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. A second layer to the listing agreement and commission structure is the compensation to a cooperating broker (aka buyer agent). When I take on a listing we agree to “x” commission. “We”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

And in most broker-owned MLSs , it was never a rule in the first place. With many MLSs, the guidelines previously stated the definition of cooperation meant the listing broker had to offer at least $1.00 Even though the form, the law and the standard has been around for many years, few engage with it simply out of fear.

Agents 406
article thumbnail

“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. million and that funds will be only distributed to “qualifying settlement class members who submit an approved claim form,” which much be submitted by May 9, 2025. Lisa is super on the pulse.

Agents 427
article thumbnail

Top Producer Review: Features, pricing & alternatives

Housing Wire

Top Producer offers an innovative customer relationship manager (CRM) tool that lets you store all your contacts and client communications, with text and email capabilities from within the platform. Wondering how? Automated lead nurturing helps you consistently follow up with every client.

article thumbnail

Here’s a look at NAMB’s latest legislative efforts

Housing Wire

The National Association of Mortgage Brokers has been advocating for mortgage brokers for almost 50 years. Rocke Andrews: NAMB was founded in Florida in 1973 by a group of mortgage brokers who saw a need to create a national association that protected their interests in state and federal regulations.

article thumbnail

Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

Adjudicating the arbitration obligations of those absent putative class members who signed the Subject Arbitration and Listing Agreements will require analysis of one hundred eighteen different form agreements and applying the law of thirty-five states. No class can be certified in this scenario.”

Realty 416