Housing Wire

OCTOBER 31, 2023

During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates.

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Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

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Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

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Housing Wire

JANUARY 11, 2024

“Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In 29, 2019, to the present.

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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. The rules explicitly forbid negotiations over the buyer broker’s compensation by either the buyer or the paying seller,” the complaint states.

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Housing Wire

MARCH 28, 2024

The change enabled greater flexibility and choice for sellers when listing a property and gave buyers and buyers’ brokers a vehicle for negotiating for compensation when making an offer to purchase,“ NWMLS wrote in the filing. NWMLS counters that these rule changes increased transparency and removed the potential for steering. “The

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Housing Wire

NOVEMBER 10, 2023

On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. The lawsuit is seeking class action status, with the proposed class including Manhattan home sellers who worked with an agent from one of the defendants between Nov. 8, 2019, and the present. It is not required for a seller to compensate a buyer’s agent.

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Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 8, 2019, and the present. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. The copycat commission lawsuits have made it to the West Coast.

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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. Accepted by the court on Oct.

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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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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. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

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Housing Wire

DECEMBER 20, 2023

Filed in March 2019 , the Moehrl suit is the oldest of the commission lawsuits currently making their way through various courts across the country. “After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

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Real Estate Sellers Realtors Real Estate Agent 429

Housing Wire

JANUARY 28, 2021

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Today, both sellers and buyers expect to handle a majority of the process online. Presented by: 1 Percent Lists.

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Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. The primary MLS in the area, non-Realtor owned Northwest MLS , in 2019 eliminated a requirement that listing brokers offer buyer brokers a commission to submit a listing to the MLS. “At

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Agents Real Estate Agent Realtors Brokerage 417

Housing Wire

SEPTEMBER 16, 2024

In the filings, the law firms of Ketchmark and McCreight , Williams Dirks Cameron , Cohen Millstein Sellers & Toll , Boulware Law, Hagens Berman Sobol Shapiro and Susman Godfrey claim they spent 107,500 hours on the cases since the original commission lawsuits were filed in 2019. 31, 2024, the attorneys claimed.

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Law Real Estate Agent Realtors Real Estate 417

Housing Wire

AUGUST 21, 2024

In the filings, the law firms of Ketchmark and McCreight , Williams Dirks Cameron , Cohen Millstein Sellers & Toll , Hagens Berman Sobol Shapiro and Susman Godfrey claim they spent 105,000 hours and a total of $13 million out of pocket since the original commission lawsuits were filed in 2019.

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Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

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Realty Realtors Brokerage Real Estate 441

Housing Wire

MARCH 22, 2021

For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer. HW: AmeriHome launched its non-delegated correspondent channel in January 2019.

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Business Lending Investors Sellers 502

Housing Wire

NOVEMBER 13, 2023

The Economist also writes that according to a 2019 Brookings Institution report, Realtor fees consumed a quarter of the capital gains earned in an average home sale. It’s true that Brookings did their study back in 2019 and there has been a surge in equity values in the past four years, but still. Who is going to pay how much to whom?

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Real Estate Realtors Agents Buyers 365

Housing Wire

NOVEMBER 14, 2023

According to the complaint, the “anticompetitive measures” put in place by NAR and perpetuated by the defendants “impose charges on home sellers beyond competitive thresholds and thwarting competition from innovative or lower-cost alternatives.” 13, 2019, to the present.

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Real Estate Realtors Realty Real Estate Agent 417

Housing Wire

JANUARY 16, 2024

8, 2019, and the present. Additionally, the plaintiffs are demanding a jury trial, damages, a permanent injunction barring the defendants from requiring sellers pay the buyer broker, and “restitution and restitutionary disgorgement of all monies wrongfully obtained from Plaintiff and the Class by Defendants.”

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Brokerage Realtors Realty Real Estate 459

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. Judge Bough will make a final decision about that date at a scheduled September 9 pretrial hearing.

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Realtors Real Estate Sellers Buyers 370

Housing Wire

DECEMBER 8, 2023

By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs. The amended complaint also named three new plaintiffs, 125 Hooper LLC, Robert Arko and Andrew Moore, who all sold homes in the state between December 2019 and the present.

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Brokerage Realty Real Estate Agent Real Estate 441

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. 27, 2019, and the present — 118 different client agreements that are subject to arbitration fall under the laws of 35 different states. Filed in late 2023 in the U.S.

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Realty Real Estate Law Brokerage 430

Housing Wire

FEBRUARY 2, 2024

A legal battle impacted fourth-quarter earnings. “Since we launched the system in 2019, it has performed extremely well, meaningfully enhancing capabilities while helping to drive down costs. The correspondent channel continues to be the most relevant for Pennymac despite a decrease to 812 sellers as of Dec. billion.

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Technology Legal Mortgage Contracts 417

Housing Wire

SEPTEMBER 9, 2020

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We

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Insurance Legal Brokerage Agents 403

Housing Wire

SEPTEMBER 6, 2023

Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Murray sees three possible outcomes for the lawsuits.

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Buyers Agents Realtors Sellers 430

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! Again, this is a legal document that needs to be done right!

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Real Estate Sellers Legal Inspection 77

Housing Wire

OCTOBER 25, 2023

In the podcast, which is from September 2019, roughly five months after this lawsuit was filed, Dalton claimed that he shared “the most effective commission-cutting technique” with the audience, which he claimed was also shared “at our events.”

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Sellers Realtors Real Estate Design 417

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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Real Estate Brokerage Property Management Buyers 331

Housing Wire

OCTOBER 19, 2023

Gansho is responsible for helping NAR establish its Clear Cooperation Policy, which went into effect in 2019 and is at the crux of this lawsuit. In response to a seller asking if an agent would cut their commission, the training material suggest agents say: “I cannot cut my commission because I would never offer you less than my best.”

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Lamacchia Realty

JULY 10, 2023

So, if you’re purchasing a home that was built after August of 2004, it’s best to check with the seller and their agent about the drywall. Due to the potential financial implications, sellers may try to conceal the presence of defective drywall in their property in order to sell the home for a higher price.

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Housing Wire

APRIL 12, 2023

Olufolajimi Abegunde, a Nigerian citizen living in Atlanta, and Javier Luis Ramos-Alonso, a Mexican citizen living in Seaside, California, were each convicted in 2019 in federal court in Tennessee of participating in a sophisticated international email-hacking scheme that bilked its targets out of hundreds of thousands of dollars.

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Real Estate Government Technology Real Estate Agent 388

Appraisal Buzz

AUGUST 19, 2024

Fraser, a Partner over Albertelli Law’s national Bankruptcy Department where he works closely with each state’s managing attorneys as it relates to training, legal strategy, and all facets of the firm’s bankruptcy practice. He was also born in Jamaica and is a past President of the Jamaican-American Bar Association.

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Real Estate Legal Development Investors 221

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. From March to November of 2020, Americans made $1 trillion more than they did from March to November of 2019. 2020 ended favoring sellers. The market should be soon flooded with sellers and builders looking to take advantage of last year’s trends. Do You Want To Buy A Home Now?

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Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JUNE 14, 2024

In 2019, fashion maven Betsey Johnson sold her small pink house here for $1.9 We use multiple datasets and research designs to robustly estimate that mortgaged buyers must pay an 11% premium over all-cash buyers to compensate home sellers for mortgage transaction frictions. million; and in 2016, songbird Stevie Nicks sold hers for $5.3

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Raleigh Realty

SEPTEMBER 2, 2022

So whether you're a first-time home buyer or an experienced seller, stay tuned, because we’re going to tell you everything you need to know. In North Carolina, the buyer and seller are both responsible for a portion of the closing costs, but that doesn’t mean there isn’t any wiggle room.In Table of Contents: How Much Are Closing Costs?

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Buyers Insurance Inspection Sellers 78