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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers.

Brokerage 384
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Compass settles commission lawsuits for $57.5 million

Housing Wire

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement.

Brokerage 458
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% Actions since NAR banned mandatory and recommended fee schedules in 1961 and 1971, respectively, have often focused on allegations of agents steering clients.

Clients 432
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Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 450
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Video marketing platform Roomvu launches in the U.S. 

Housing Wire

It was a part of the 2022 REACH Canada Cohort, a technology scale-up program backed by the National Association of Realtors (NAR). expansion comes after Roomvu’s successful launch in Canada in 2022. Backed by venture fund Second Century Ventures , Roomvu has been recognized as one of Canada’s 20 most innovative tech companies.

Marketing 438
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Compass snags two Chicago-based @properties brokers

Housing Wire

The top agents were previously at brokerage @properties. “We Her sales volume was of $25,146,500 in 2022. She ranked among the top 1% of Chicago Realtors in 2017 and is also a past president of the Women’s Council of Realtors. Dobbs, on the other hand, has nearly four decades of experience.

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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! Shauna was also named in the Boston Agent Magazine’s Who’s Who 2022 edition ! Lamacchia Realty, Inc.