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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does. They were guidelines.

Law 404
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

Relatedly, discount brokerages have promised big savings to sellers for decades. The National Association of Realtors and several of the country’s top real estate brokerages are going to trial in a class-action commissions lawsuit that has potential damages of $13 billion. They were wrong. They’ve never caught on.

Agents 404
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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

The National Association of Realtors – the trade group that purports to represent real estate businesses, agents, and consumers – and arguably the four biggest companies in residential real estate: Realogy , Berkshire Hathaway HomeServices of America , RE/MAX , and Keller Williams. The defendants?

Brokerage 370
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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. In her deposition, Figgs said that since sending the email to Gonzalez, she had “largely dismissed” the study.

Training 404
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Have you clearly defined your brokerage’s value proposition?

Housing Wire

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. In 2015, according to RealTrends data, gross margins were at 16.4% for the largest brokerage companies in the United States. Another factor is that leading market-share brokerage ?rms

Brokerage 393
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Lamacchia Realty Announces Top Producing REALTORS® for February 2023

Lamacchia Realty

has released its “Top Producing REALTORS®,” for February 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! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

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Lamacchia Realty Announces Top Producing REALTORS® for June 2023

Lamacchia Realty

has released its “Top Producing REALTORS®,” for June 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! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.