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The 100-years-war over real estate commissions

Housing Wire

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.

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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. “To On March 25, Robert E.

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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. The RealTrends Brokerage Compensation Report offers a compensation analysis for 12 leadership positions within a real estate brokerage firm.

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Long Island indie brokerage joins Century 21

Housing Wire

Anchor Real Estate of Long Island, Inc. The Patchogue, New York -based firm announced Wednesday that it was affiliating with Century 21 Real Estate LLC. Founded in 2017 by the mother-daughter team of Gina and Cristina Ferraro, Anchor Real Estate serves clients in Nassau and Suffolk Counties. “The

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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

“With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014.

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Donald R. Horton, founder of the largest U.S. homebuilder, dies

Housing Wire

Horton, who was involved in the real estate and homebuilding industries since 1972, served as chairman of D.R. since 2002. Horton , the largest homebuilder by volume in the U.S., has died at the age of 74, the company announced on Friday morning. Board members have named David V. Horton since its creation in July 1991.

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Former Keller Williams agents continue their legal actions 

Housing Wire

Meanwhile, Deborah Ronayne was an agent with Keller Williams from roughly November 2002 to September 2014. On Thursday, Louis Ronayne and Deborah Ronayne filed a complaint aiming for class-action status in the U.S. District Court for the Eastern District of Michigan.

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