Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. Lutz, a resident of Colorado, purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise.

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Sellers Realtors Real Estate Agent Real Estate 374

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. “Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.”

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Realtors Real Estate Agent Real Estate Sellers 398

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. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

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Realtors Brokerage Realty Real Estate 485

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.

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Real Estate Sellers Realtors Real Estate Agent 389

Housing Wire

JANUARY 11, 2024

Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In

Real Estate 369

Real Estate Sellers Real Estate Agent Agents 369

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

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Brokerage Realty Real Estate Agent Real Estate 410

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5%

Realty 455

Realty Realtors Real Estate Real Estate Agent 455

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation is still legal,” Papasan stressed. The executives said they received more than 150 questions.

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Agents Advertising Real Estate Buyers 375

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 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.

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Real Estate Real Estate Agent Realtors Buyers 401

Housing Wire

MARCH 4, 2022

The state of Oregon grabbed national attention last year for passing a law to ban “love letters” sent from potential homebuyer to homeseller, and often intermediated through real estate agents. This ban, the judge added, specially restricts the speech of agents, who, in practice, write or at least edit the letters in question.

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Real Estate Agent Law Real Estate Legal 336

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. As the saying goes, everything is bigger in Texas.

Real Estate 460

Real Estate Realtors Realty Real Estate Agent 460

Housing Wire

NOVEMBER 9, 2023

The jury reached an outcome that was neither supported by the law nor the facts that were presented in this case,” Kasper said in a video posted Thrusday. According to Kasper, while the plaintiffs are portraying this outcome as a win for consumers, getting rid of cooperative compensation will only harm homebuyers and sellers.

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Agents Legal Sellers Clients 391

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. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. Are Real Estate Agents in GA Fiduciaries? Some may ask, “what does that mean”?

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Real Estate Agent Real Estate Agents Clients 52

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. There are numerous methods an agent can use to prospect, some traditional and others that leverage technology. Here are some different methods that real estate agents use to prospect for leads.

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Real Estate Tools Real Estate Agent Open Houses 383

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 322

Real Estate Sellers Realtors Brokerage 322

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations. It doesn’t help anyone and it will make more work for agents.” More off-MLS listings?

Brokerage 384

Brokerage Real Estate Agents Sellers 384

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present.

Realtors 421

Realtors Sellers Buyers Real Estate 421

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 388

Real Estate Brokerage Sellers Law 388

Housing Wire

APRIL 5, 2024

Because DOJ’s sole argument is wrong, I would affirm the district court on the narrow grounds presented to us by DOJ’s appeal,” Walker wrote. The investigation into NAR by the DOJ and ensuing appeal is not the only legal battle the DOJ and the real estate industry are currently involved in.

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Realtors Contracts Government Real Estate 536

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. 13, 2019, to the present. The lawsuit was filed on Monday by plaintiffs QJ Team, LLC. , a Texas-based homebuilder, and Five Points Holdings, LLC. , a holding company headed by DS News founder Mark Hulme, in the U.S.

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Real Estate Realtors Realty Buyers 401

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

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Law Agents Realtors Contracts 399

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. who paid a buyer broker commission in connection with the sale of residential real estate listed on MetroList MLS between Jan. 18, 2020, and the present.

Realtors 325

Realtors Real Estate Real Estate Agent Buyers 325

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. 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.

Realty 410

Realty Realtors Brokerage Real Estate 410

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. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 370

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves.

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Realtors Agents Real Estate Real Estate Agent 363

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 347

Property Management Real Estate Agents Brokerage 347

Housing Wire

DECEMBER 26, 2023

From Ann Arbor to Grand Rapids and Birmingham, MI, we’ve done extensive research to find the leading real estate classes in Michigan to help make your new career a reality. Becoming a Michigan real estate agent is an excellent career choice for anyone who wants flexible working hours and high earning potential.

Real Estate 362

Real Estate Real Estate Agent Design Legal 362

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Listing Spark

OCTOBER 25, 2023

Selling your home can be an exciting and stressful time, especially when you choose to do it as a For Sale By Owner (FSBO) seller. While it may seem like the best approach to save money by avoiding commission fees, it’s essential to be aware of some of the pitfalls that FSBO sellers face when selling their home.

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Sellers Legal Real Estate Real Estate Agent 36

Housing Wire

OCTOBER 31, 2023

Courthouse that the future of real estate agent commissions could potentially be decided. “I Sellers have always had a choice to offer a commission to the other broker. Johnson also believes that no evidence of collusion among brokerages and NAR has been presented at the Sitzer trial. “I There is no such thing.

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Agents Buyers Sellers Realtors 405

CA Realty Training

JUNE 28, 2021

The first thing you have to do is to sit down and talk with your sellers. Explain to your sellers how their property should be presentable for their prospects. . Sellers can have unrealistic expectations. But, it’s also your job to educate your sellers with a pricing strategy as their listing agent.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Advertising 36

Raleigh Realty

AUGUST 17, 2021

It's important to note that real estate contracts and laws change depending on what state you are in. We help folks looking to buy or sell homes in the Raleigh area and many of our articles are geared towards helping keep people informed so that you can have a successful real estate transaction.

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Real Estate Real Estate Agent Contracts Inspection 148

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

JULY 12, 2022

A certification lightens the legal liability of bias. This white paper will explore lenders’ key challenges presented by the legacy appraisal process, the hidden gaps affecting turn times, and how appraisal technology solves these gaps to improve efficiency and profitability. Presented by: Reggora. An offer comes in at 5 p.m.

Appraisal 401

Appraisal Inspection Real Estate Agent Training 401

Hank Miller Team

JULY 2, 2023

Advertising, especially in real estate, always pushes the boundaries, but there is an expectation that the information presented is factually accurate. Accuracy in Real Estate Listings Matters: Legal Implications: Providing inaccurate information could lead to legal issues.

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Real Estate Legal Advertising Real Estate Agent 52

Raleigh Realty

FEBRUARY 19, 2022

The seller accepts your offer and you are officially under contract and the home will be marked contingent. Home appraisals are also ideal for buyers because it determines if the seller is asking for more money on a home than the home is worth. Your mortgage lender informs you of the next step in the process: the home appraisal.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Movoto

MAY 29, 2024

Once the parties sign the real estate purchase agreement and the buyer pays earnest money, several additional steps must be completed before the property can successfully transfer from seller to buyer. As a buyer, you’ll normally just sign papers and correspond with your agent, who will initiate most processes.

Real Estate 36

Real Estate Inspection Real Estate Agent Buyers 36