Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. But that policy did not impact agents who joined before April 1, 2020. Moulder, David L.

Brokerage 491

Brokerage Legal Agents Realty 491

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). Access to a hyper-local agent is more important now than ever. Call or text me with any real estate questions! Dear (first name), I’m (your name), a local real estate professional with (brokerage).

Real Estate 324

Real Estate Open Houses Brokerage Real Estate Agent 324

Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L. Bueker, Robert E.

Legal 390

Legal Brokerage Agents Real Estate 390

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana.

Real Estate 407

Real Estate Brokerage Agents Technology 407

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

Real Estate Agent 415

Real Estate Agent Real Estate Brokerage Agents 415

Housing Wire

APRIL 28, 2021

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.

Real Estate 308

Real Estate Real Estate Agent Agents Brokerage 308

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 296

Agents Brokerage Real Estate Tools 296

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 22, 2019, and the present.

Real Estate 431

Real Estate Real Estate Agent Sellers Realty 431

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

Real Estate 404

Real Estate Realtors Realty Buyers 404

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. 27, 2019, and the present.

Sellers 373

Sellers Brokerage Real Estate Realtors 373

Housing Wire

FEBRUARY 22, 2021

The shake-up follows founder Gary Keller’s announcement in October that he would step down as CEO of the Austin, Texas-headquartered brokerage. How to Diversify Your Brokerage to Weather Economic Hardship. Liebert does not have a background in real estate. Team also did not have a real estate background.

Real Estate Agent 371

Real Estate Agent Brokerage Real Estate Advertising 371

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.

Real Estate 392

Real Estate Sellers Realtors Real Estate Agent 392

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.

Real Estate Agent 407

Real Estate Agent Real Estate Brokerage Realtors 407

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. The filing also warns of obstacles the company might face in employing agents.

Agents 370

Agents Real Estate Agent Real Estate Sellers 370

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions. How big could this case be?

Real Estate 391

Real Estate Brokerage Sellers Law 391

Housing Wire

SEPTEMBER 11, 2020

billion in March 2019, suspended operations in March and did not resume buying homes until May. But it remains the biggest player in a blossoming segment of real estate, in which tech-fueled companies – and even traditional brokerages – aspire to have a hand in every element of the home buying process. Roughly $8.7

Valuation 391

Valuation Brokerage Real Estate Agent Real Estate 391

Housing Wire

JANUARY 11, 2024

District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. 29, 2019, to the present. The suit was filed in late December in U.S. A spokesperson for REBNY wrote in an email that the group was still reviewing the complaint.

Real Estate 372

Real Estate Sellers Real Estate Agent Agents 372

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. Mortgage lenders and real estate agents will need to incorporate HEI offerings into their businesses, said John Arens, head of the business unit at Aspire, an HEI platform owned by Redwood Trust. “We

Finance 370

Finance Investing Real Estate Agent Real Estate 370

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.

Real Estate 465

Real Estate Realtors Realty Real Estate Agent 465

Housing Wire

FEBRUARY 10, 2021

The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. The Seattle-based company announced in September Zillow Homes, a traditional brokerage business, hiring agents in Phoenix, Tuscon, and Atlanta. and Canada use their software.

Real Estate 530

Real Estate Agents Real Estate Agent Brokerage 530

Housing Wire

DECEMBER 6, 2023

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

Realty 414

Realty Realtors Brokerage Real Estate 414

Housing Wire

AUGUST 25, 2021

Lone Wolf’s other acquisitions include: W+R Studios , LionDesk , HomeSpotter and Terradatum so that Lone Wolf’s technology suite includes solutions for marketing, CRM, CMA, transaction management, eSignature, brokerage operations, insights and analytics, talent management, as well as ancillary tools and services.

Brokerage 350

Brokerage Real Estate Technology Tools 350

Housing Wire

FEBRUARY 16, 2021

The Austin, Texas-headquartered real estate brokerage closed 1.22 and Canada in 2020, up 8 percent from 2019. How to Diversify Your Brokerage to Weather Economic Hardship. The firm’s numbers match up with a real estate market that froze at the pandemic’s U.S. million home sales in the U.S.

Brokerage 415

Brokerage Real Estate Real Estate Agent Agents 415

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 324

Real Estate Sellers Realtors Brokerage 324

Housing Wire

JANUARY 9, 2024

Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky. Together, the three agents will cover West Seattle and the Eastside areas of Seattle.

Realty 331

Realty Brokerage Agents Real Estate 331

Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages.

Legal 346

Legal Brokerage Real Estate Modernization 346

Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

Agents 350

Agents Brokerage Real Estate Agent Realtors 350

Housing Wire

JANUARY 5, 2021

Stearns has exclusive partnerships with real estate agent, builder and corporate relocation joint ventures, as well as a book of business with SoFi and Home Mortgage Alliance. The strategy dovetails nicely with that of Guaranteed Rate, which has joint ventures with brokerage conglomerate Realogy and Chicago-based @properties.

Lending 537

Lending Retail Real Estate Agent Brokerage 537

Housing Wire

OCTOBER 18, 2023

In the video, Ketchmark showed Keller footage from a KW Family Reunion event where Keller showed a slide showing the average commissions KW agents had earned between 2002 and 2019, to which Keller responded: “We didn’t talk about commissions. Members of the group include many brokerage executives.

Agents 409

Agents Training Real Estate Real Estate Agent 409

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. of offers written by Redfin agents facing competition in August. In 2018-2019, total housing inventory was in the range between 1.52

Buyers 427

Buyers Inventory Real Estate Agent Agents 427

Housing Wire

MARCH 8, 2024

While Hometap doesn’t directly work with mortgage lenders or real estate brokerages right now, Burnett sees an opportunity for partnership to help buyers’ homeownership in the long term. Burnett: After being founded in 2017, we made our first investments in 2018 and 2019.

Investing 316

Investing Real Estate Agent Marketing Real Estate 316

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. Moving forward, we will continue to be opportunistic in our approach to adding to our agent base via selective M&As,” Hart said during the earnings call. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements.

Agents 328

Agents Real Estate Agent Realtors Brokerage 328

Housing Wire

JANUARY 13, 2022

When Missouri federal judge Stephen Bough unsealed a sworn declaration last week from Coldwell Banker CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman’s company. “My Gorman’s comments confuse me.”.

Brokerage 314

Brokerage Real Estate Agents Real Estate Agent 314

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. It has lost money each of the past three years, including a $388 million net loss in 2019. In all, Compass has lost $1.1

Insurance 425

Insurance Real Estate Agent Brokerage Real Estate 425

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents.

Mortgage 328

Mortgage Brokerage Agents Real Estate Agent 328

Housing Wire

DECEMBER 1, 2021

million Series A round announced in the spring of 2019. Clever’s platform connects consumers with over 12,000 vetted real estate agents. The company negotiates discounted rates, making it easier to compare and interview agents. Clever is a licensed brokerage in Missouri.

Mortgage 373

Mortgage Real Estate Real Estate Agent Agents 373

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present. Of the brokerage defendants, eXp and Keller Williams were the only firms to comment on the new suit.

Realtors 425

Realtors Sellers Buyers Real Estate 425