Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit.

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Real Estate Brokerage Agents Advertising 384

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.

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Real Estate Realtors Realty Real Estate Agent 473

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.

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Real Estate Brokerage Sellers Law 421

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.

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Real Estate Realtors Realty Buyers 410

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.

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Real Estate Real Estate Agent Agents Brokerage 406

Housing Wire

OCTOBER 13, 2023

. “It means access to the industry’s leading technology platform and a vast agent referral network that will yield the greatest returns over time.” ” The Beinfield Team was with Compass from December 2019 to January 2023 before departing for Houlihan Lawrence in February.

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Real Estate Agent Agents Brokerage Real Estate 432

Housing Wire

MAY 1, 2024

The duo will be part of the Your Nashville Agent team under the leadership of Aaron Joyce. In 2022, the team completed more than $60 million in real estate transactions, ranking them among the top 15 medium-sized agent teams by sides in Tennessee, according to RealTrends.

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Real Estate Brokerage Agents Clients 421

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.

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Brokerage Legal Agents Realty 500

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. This system, with its veiled surcharges, illegally warps the real estate market.”

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Real Estate Real Estate Agent Sellers Realty 450

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 441

Legal Brokerage Agents Real Estate 441

Housing Wire

NOVEMBER 30, 2021

real estate?market The year 2019 taught us that any natural or economic force can wildly shift expectations into the stratosphere. business as a real?estate?professional. Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is a stellar real estate team.

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Real Estate Agents Real Estate Agent Business 441

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.

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Agents Brokerage Real Estate Tools 403

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.

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Real Estate Agent Real Estate Brokerage Agents 432

Housing Wire

JANUARY 11, 2024

The Real Estate Board of New York is now fighting a second copycat commission lawsuit. 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.

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Real Estate Sellers Real Estate Agent Agents 431

Housing Wire

NOVEMBER 8, 2023

The Missouri judge who oversaw the landmark Sitzer/Burnett real estate commission lawsuit will also preside over the Gibson lawsuit brought by Michael Ketchmark, who represented the plaintiffs in Sitzer/Burnett. One of the named defendants has a very different business model than the more traditional brokerages named in Sitzer/Burnett.

Real Estate 432

Real Estate Sellers Realtors Real Estate Agent 432

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. 27, 2019, and the present.

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Sellers Brokerage Real Estate Realtors 421

Housing Wire

APRIL 1, 2024

We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Burnett said. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

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Finance Investing Real Estate Agent Real Estate 441

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 421

Real Estate Agent Brokerage Real Estate Advertising 421

Housing Wire

JANUARY 27, 2021

Technology has rapidly changed the process for listing and buying homes, and the general public is taking note and adjusting their expectations of what a real estate broker should be. The public is demanding a broker that offers the same cost savings and efficiencies in the real estate market that they receive everywhere else.

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Real Estate Agents Brokerage Sellers 332

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.

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Agents Real Estate Agent Real Estate Sellers 410

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.

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Real Estate Agent Real Estate Brokerage Realtors 410

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.

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Realty Realtors Brokerage Real Estate 432

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.

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Real Estate Sellers Realtors Brokerage 419

Housing Wire

AUGUST 25, 2021

With four other real estate tech acquisitions in the last year, Lone Wolf Technologies recently added Boston Logic-owned Propertybase to its tech toolbox. “This acquisition brings these leading products together and puts our combined team in position to deliver the ultimate unified technology platform for the real estate world.”.

Brokerage 384

Brokerage Real Estate Technology Tools 384

Housing Wire

FEBRUARY 10, 2021

Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages. and Canada use their software.

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Real Estate Agents Real Estate Agent Brokerage 531

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. million in real estate.

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Realty Brokerage Agents Real Estate 420

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.

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Legal Brokerage Real Estate Modernization 397

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

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Valuation Brokerage Real Estate Agent Real Estate 410

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.

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Agents Training Real Estate Real Estate Agent 432

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 Filed with the court on Nov.

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Brokerage Real Estate Agents Real Estate Agent 397

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 384

Agents Brokerage Real Estate Agent Realtors 384

Housing Wire

MARCH 8, 2024

We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Dan Burnett, head of investor product at Hometap, said in an interview with HousingWire. Burnett: After being founded in 2017, we made our first investments in 2018 and 2019.

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Investing Real Estate Agent Marketing Real Estate 425

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 421

Brokerage Real Estate Real Estate Agent Agents 421

Housing Wire

DECEMBER 1, 2021

Online real estate platform Clever has raised $8 million in a Series B funding round to expand its team and accelerate its mortgage efforts, the company said on Wednesday. million Series A round announced in the spring of 2019. million Series A round announced in the spring of 2019. It also works with buy-side agents.

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Mortgage Real Estate Real Estate Agent Agents 410

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

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Real Estate Brokerage Buyers Property Management 324

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.

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Realtors Sellers Buyers Real Estate 450

Housing Wire

MARCH 1, 2022

This isn’t a new story in mortgage lending or real estate brokerage. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. Real estate is local. Tech100 Real Estate Winners. This could be read through a negative lens.

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Real Estate Brokerage Real Estate Agent Technology 384