Remove 2022 Remove Contracts Remove Legal Remove Real Estate Agent
article thumbnail

More legal action taken against Keller Williams’ profit-sharing program 

Housing Wire

Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. Moulder, David L.

Legal 393
article thumbnail

How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MV Realty files for bankruptcy

Housing Wire

MV Realty operated in 33 states and has more than 500 real estate agents. The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts.

Realty 441
article thumbnail

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 347
article thumbnail

DOJ advocates for prohibition of cooperative compensation in Nosalek commission lawsuit

Housing Wire

Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed. The Antitrust Division’s own analysis of buyer-broker prices in large metropolitan areas in NWMLS’s region shows that the October 2022 change likewise had no meaningful effect. Originally filed in 2020 in U.S.

Sellers 422
article thumbnail

How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

article thumbnail

FSBO Sellers Regret Not Having an Agent

Empire Appraisal Group

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78