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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 428
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REcolorado partners with four other MLS on data sharing agreement

Housing Wire

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

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Lamacchia Realty Announces Top Producing REALTORS® for April 2024

Lamacchia Realty

has released its “Top Producing REALTORS®,” for April 2024! 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! Mary Wood is an award-winning REALTOR® based in MetroWest closing 50-60 sales annually.

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Copycat commission lawsuits filed in Florida, Pennsylvania

Housing Wire

More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.

Realty 425
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Illinois homebuyers file second commission lawsuit, and it may be the largest one yet

Housing Wire

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

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. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

Law 417
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Lamacchia Realty Announces Top Producing REALTORS® for March 2024

Lamacchia Realty

has released its “Top Producing REALTORS®,” for March 2024! 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! Additionally, Jason is also a member of Lamacchia’s 2021 , 2022 , and 2023 President’s Club.