Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

Buyers 391

Buyers Realtors Real Estate Sellers 391

Housing Wire

APRIL 5, 2021

25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey. The post Threat of climate change looms large for some home buyers appeared first on HousingWire. Out of 2,000 people surveyed between Feb.

Buyers 462

Buyers Real Estate Agent Real Estate Brokerage 462

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. Homes that were for sale in Baltimore and Baltimore County on June 11, 2020. 7.66% were “No Service” homes.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. In a lawsuit filed on Tuesday in U.S. District Court in New Orleans, home seller plaintiff Joseph C. In 2023, it ranked as the No.

Brokerage 394

Brokerage Sellers Realtors Agents 394

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. If NAR’s Adversary Commission Rule were not in place, then the cost of buyer broker commissions would be paid by their clients (home buyers),” the complaint states. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 432

Real Estate Real Estate Agent Realtors Buyers 432

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

Realty 462

Realty Realtors Real Estate Real Estate Agent 462

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 405

Agents Real Estate Agent Brokerage Real Estate 405

Housing Wire

JANUARY 9, 2024

The suit takes aim at the National Association of Realtor’s Participation Rule which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a NAR affiliated MLS. ” Guzman moved to a Coldwell Banker affiliate in Chicago in 2020 and remains an active member of NAR.

Property Management 394

Property Management Real Estate Agents Brokerage 394

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 316

Real Estate Agent Real Estate Agents Loan Officers 316

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. 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.

Realtors 444

Realtors Sellers Buyers Real Estate 444

Housing Wire

SEPTEMBER 13, 2023

The big difference One big difference, of course, is that valuations are down from where they were in 2020 to midyear 2022. Combining two brokerage firms with widely disparate commission or fee plans is very difficult no matter the economics. In fact, the level of in-market combinations has not declined much at all.

Real Estate 344

Real Estate Valuation Brokerage Property Management 344

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 427

Sellers Buyers Real Estate Contracts 427

Housing Wire

JANUARY 19, 2024

Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Despite not being affiliated with NAR, MetroList adopted a rule similar to NAR’s Participation Rule, requiring listing agents to make a blanket offer of compensation to buyers’ brokers in order to list a property on the MLS. “By

Realtors 375

Realtors Real Estate Real Estate Agent Buyers 375

Housing Wire

MARCH 15, 2021

Also, we figured they would wake up one day, and say, ‘Hey, we’re a brokerage.’”. In 2020, the three-year-old Zillow Offers program, where Zillow itself buys a home and then resells it, made up the majority of both company revenue and expenses. “But they were constantly changing their fee structure, so we couldn’t count on it.

Real Estate Agent 496

Real Estate Agent Real Estate Agents Brokerage 496

Housing Wire

FEBRUARY 15, 2024

The plaintiffs’ original motion to stay the litigation only discussed doing so for the brokerage defendants. But MLS PIN has nonetheless adopted a similar rule that requires listing brokers to offer a blanket, unilateral offer of compensation to buyer agents in order to submit a listing to MLS PIN. District Court in Boston.

Brokerage 386

Brokerage Real Estate Agent Buyers Real Estate 386

Housing Wire

MAY 6, 2021

OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. The brokerage, which declined comment, has hundreds of agents in Marin County – which lies just north of San Francisco County – and is the no. billion in VC cash.

Brokerage 370

Brokerage Agents Legal Valuation 370

Housing Wire

JANUARY 14, 2022

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. HomeSmart posted a $7.1

Brokerage 414

Brokerage Agents Real Estate Loan Officers 414

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

FEBRUARY 4, 2021

With the COVID-19 pandemic forcing millions to work from home, Zillow reported that demand is supercharging home values in those kinds of affordable areas as buyers look for homes that offer more room to spread out. “More often than not, buyers are flocking to homes in affordable areas and pushing up prices.”

Home Value 500

Home Value Real Estate Buyers Brokerage 500

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. He is alluding to Compass CEO Robert Reffkin, who failed to deliver on a stated goal to have 20% market share in 20 major American markets by 2020. They let agents keep 80% of each commission, while retaining 20% for the brokerage.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” By July, the median home price escalated to $362,800, up 15% from December 2020’s $309,000 median home price, which itself was up 15% from December 2019, according to NAR figures. July was the plateau.

Real Estate 446

Real Estate Realty Brokerage Realtors 446

Housing Wire

DECEMBER 27, 2021

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. for 2020, down from 13.8% The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages.

Brokerage 380

Brokerage Real Estate Agents Finance 380

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Such market volatility has led to sleepless nights for real estate agents and LOs as well as buyers and sellers in recent few days.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 358

Real Estate Brokerage Real Estate Agent Technology 358

Housing Wire

MARCH 12, 2021

In September, Zillow unveiled Zillow Homes , a licensed brokerage entity, which serves as the brokerage of record for all Zillow Offers transactions. But the company’s growth, especially as it gains country-wide brokerage status, is worrying some real estate agents. billion visits. .” billion visits.

Real Estate 475

Real Estate Brokerage Realtors Real Estate Agent 475

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Amid the Federal Reserve ’s tightening monetary policy and political instability, they believe the market will shift at least six months from now.

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Housing Wire

APRIL 7, 2021

. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” markets; by December 2020, prices were already up 23.6% While moving itself can be stressful, changing zip codes in 2020 and 2021 seems to be eliciting mostly happiness. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JUNE 3, 2022

Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021.

Construction 451

Construction Renovations Transportation Real Estate 451

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

Law 425

Law Agents Realtors Contracts 425

Housing Wire

NOVEMBER 16, 2021

Specifically, the changes reinforce that local broker marketplace participants do not represent brokerage services as free. They guarantee that compensation offered to buyer agents is disclosed freely and openly. And they ensure listings are never excluded from search results based on the amount of compensation offered to buyer agents.

Real Estate Agent 360

Real Estate Agent Agents Sellers Real Estate 360

Lamacchia Realty

JANUARY 25, 2022

With less than two years under its belt, we are proud to share that our Hudson branch office was the #1 Independent Real Estate Brokerage and Office in Hudson for Closed Sales Dollar Volume and Transaction market share in 2021*. The office first opened in July in 2020 and closed out the year with 44 sales.

Realty 66

Realty Brokerage Realtors Sellers 66

Housing Wire

SEPTEMBER 13, 2023

Industry players who spoke with HousingWire agree that the level of repurchase demands has increased this year and that is having an impact on some buyers and sellers of MSRs. And if you’re an asset-based investor [an MSR buyer], one of these buybacks can absolutely destroy your return.”

Marketing 393

Marketing Sellers Buyers Mortgage 393

Housing Wire

JULY 26, 2021

They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. An additional $6,400.

Real Estate Agent 383

Real Estate Agent Real Estate Sellers Legal 383

Housing Wire

AUGUST 9, 2023

Scaling lead generation with AI In the fast-paced and competitive market we’re experiencing today, effective lead generation can be the make or break of a brokerage. Since 2020, Addressable has facilitated nearly $2 Billion in home sales across 44 states.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

Inman

APRIL 11, 2023

Joe Gaeta, formerly of Zillow Group, and Kiki Wanshura, formerly of Pacaso, have joined the lake markets-focused brokerage. Heather Glass, who joined the company in 2020 has also been promoted.

Realty 155

Realty Brokerage Marketing Buyers 155

Housing Wire

MAY 7, 2021

Between April 2020 and the end of March this year, Opendoor , an iBuyer but also a residential brokerage, sold 1,613 homes listed on First Multiple Listings Service , the greater Atlanta region’s National Association of Realtors’ endorsed spot for home listings. But Klir was mostly invisible to buyers’ agents.

Real Estate Agent 344

Real Estate Agent Real Estate Agents Brokerage 344

Housing Wire

MARCH 18, 2022

Additionally, Offerpad’s agents help buyers, and, according to a Securities and Exchange Commission filing from earlier this month, give buyers early access to inventory instantly bought by Offerpad. But Offerpad’s agents are supposed to give sellers the option of either an instant home sale or putting their home on the market.

Agents 401

Agents Real Estate Agent Real Estate Sellers 401