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FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

The CFPB inherited the responsibility to impose statements of policies (SOPs) created by the Department of Housing and Urban Development (HUD) in 1999 and 2001. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Brokerage 394
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Keller Williams named to yet another profit-sharing lawsuit

Housing Wire

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

Brokerage 451
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Nick Bailey out, Amy Lessinger in at RE/MAX

Housing Wire

Lessinger joined the corporate side of the firm in 2020 when she sold her ownership interest in the brokerage and joined the RE/MAX world headquarters team. Bailey initially joined RE/MAX in 2001, serving in various roles including as a management consultant, regional director and regional vice president.

Agents 381
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Marc King out, Mark Willis in at KW

Housing Wire

According to the annoucment, King, who has been with Keller Williams since 2001, will continue as a training and coaching leader for Keller Williams’ Franchise Systems Orientation and will continue his work updating the Team Leader and Keller Williams experiences.

Training 361
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One-third of real estate CEO comp is variable, up from 2016

Housing Wire

A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. Non-controlling CEOs are getting bonuses based on brokerage profitability.”. That’s true in many of the leadership positions at a brokerage today.

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Cardinals of a different feather: Inside Samson Properties’ unique model

Housing Wire

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms. The differentiator.

Brokerage 370
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A look behind this year’s Tech100 winners

Housing Wire

This isn’t a new story in mortgage lending or real estate brokerage. According to the National Association of Realtors , in 2020, some 87% of homebuyers purchased their home through a real estate agent or broker, and that number has steadily increased each year since 2001. Brokerage tech solutions.