Housing Wire

JULY 21, 2023

Maggie Wu has returned to Compass , and she’s bringing her four-person The W Team to the New York brokerage. In December 2021, she had left Compass to join the young brokerage SERHANT. “We have an unwavering commitment to our clients to provide the utmost client service experience,” said Wu.

Brokerage 298

Brokerage Legal Clients Real Estate 298

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 388

Real Estate Brokerage Training Agents 388

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 413

Contracts Brokerage Law Real Estate Agent 413

Housing Wire

FEBRUARY 28, 2024

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 397

Buyers Contracts Agents Realtors 397

Housing Wire

APRIL 23, 2024

CoStar Group reported a strong first quarter of 2024, with its revenue of $656 million marking a 12% increase from the $584 million figure it posted in first-quarter 2023. The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients.

Real Estate 337

Real Estate Advertising Legal Brokerage 337

Housing Wire

NOVEMBER 20, 2023

The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. 22, 2023, to schedule final approval hearing. RE/MAX and Anywhere Real Estate can breathe a sigh of relief. said in a statement.

Legal 421

Legal Real Estate Agents Realtors 421

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

Agents 382

Agents Real Estate Agent Realtors Brokerage 382

Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. “But As for the end of Q2/2023 , RE/MAX had $96.76 They had $179 million at the end of Q2/2023 so about 45% of the cash on hand. Anywhere is paying $83.5

Agents 404

Agents Brokerage Realtors Real Estate 404

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions.

Contracts 417

Contracts Brokerage Law Real Estate Agent 417

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

Realty 409

Realty Real Estate Law Brokerage 409

Housing Wire

APRIL 3, 2024

Homebuyers are legally and morally entitled to receive honest, unconflicted assistance from the brokers they hire to help them secure the lowest prices for a loan. And even those offerings generally do not convert into actual savings for clients.” Ishbia responded by saying that they are “not sending 98% because he is required to.

Loan Officers 482

Loan Officers Mortgage Business Retail 482

Housing Wire

APRIL 5, 2024

The brokerage firm argued that if these settlements are rejected or challenged, the math for the final judgement amount would change. In addition, the brokerage firm noted that it does not have an immediate interest in appeal as they are still dealing with their post-trial motions. In its filing, HomeServices petitioned the U.S.

Brokerage 410

Brokerage Sellers Law Contracts 410

Housing Wire

MAY 1, 2024

Anywhere and RE/MAX settled in the early fall of 2023 prior to the mid-October start date of the Sitzer/Burnett trial, while Keller Williams did not decide to settle the commission lawsuits until February 2024, months after the trial had concluded. 16 to implement these changes.

Realtors 378

Realtors Real Estate Agent Real Estate Brokerage 378

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 330

Real Estate Brokerage Buyers Property Management 330

Housing Wire

NOVEMBER 3, 2023

Chip Stella, a LandVest broker, is in the camp that believes brokerage provisions no longer requiring NAR membership will have an impact on membership numbers, but he isn’t sure how large it will be. Maintaining MLS access is important if you want to still serve your clients,” Stella said. “I

Realtors 447

Realtors Agents Brokerage Contracts 447

Housing Wire

FEBRUARY 1, 2024

On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. The settlement settles all home seller lawsuits nationwide.

Agents 493

Agents Realtors Real Estate Agent Real Estate 493

Housing Wire

FEBRUARY 16, 2024

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. All of the brokerage defendants except for HomeServices of America have settlement agreements related to the suit.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

MAY 3, 2024

transaction sides in 2023, more than double the average of other agents. million in Q1 2023. Carlson cited RealTrends Verified data to illustrate how productive RE/MAX agents are. He noted that the average RE/MAX agent closed 11.8 In addition to a decline in agent count, RE/MAX reported an 8.3% annual decline in revenue to $78.3

Agents 380

Agents Real Estate Training Buyers 380

Housing Wire

NOVEMBER 30, 2023

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Real Estate 416

Real Estate Real Estate Agent Brokerage Agents 416

Housing Wire

SEPTEMBER 6, 2023

“The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. 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.

Agents 447

Agents Buyers Realtors Sellers 447

Housing Wire

JANUARY 11, 2024

You can get real estate license, but without a sponsoring broker, you’re not permitted to provide any real estate services to clients. Check out our in-depth review of the best big brokerages to work with. Complete your state licensing application You’ve passed your real estate licensing exam and chosen a sponsoring brokerage.

Real Estate 390

Real Estate Real Estate Agent Agents Law 390

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Ready to find a real estate brokerage? To select the best brokerage for you, here are four things to consider: 1. According to ZipRecruiter, a real estate agent working in Illinois earns $76,653 per year on average, as of Sep 27, 2023.

Real Estate Agent 419

Real Estate Agent Real Estate Agents Brokerage 419

Housing Wire

OCTOBER 22, 2023

Requirements to get your real estate license in Texas Getting your real estate license in Texas comes down to fulfilling your qualifying education requirement, applying for your license, getting your background check, taking and passing the exam, and finding a sponsoring brokerage. That’s an average pass rate of 58% for exam takers. [5]

Real Estate 403

Real Estate Real Estate Agent Agents Brokerage 403

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019. according to the company.

Real Estate Agent 453

Real Estate Agent Loan Officers Real Estate Agents 453

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. It is likely that a frequent question in 2023 will be; can you fire a real estate agent in Georgia? YES, but the devil is in the details of the brokerage agreements. This is not legal advice; this is his interpretation of the process.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Sellers 98

Housing Wire

SEPTEMBER 29, 2023

Additionally, the complaint alleged an overall culture at Keller Williams that encouraged female employees “to do whatever it took to make sales and ‘get along’ with top performers to keep them happy,” including performing “sexual favors or acts for male counterparts and/or top clients.”

Realty 381

Realty Brokerage Business Marketing 381

Appraisal Today

FEBRUARY 16, 2024

According to a 2023 YouGov survey, 32% of Americans participate in virtual meetings for work and 37% do so for personal calls. Get the relevant date of value from the client or client’s attorney. Keep your definition of intended use as narrow as possible to describe how your appraisal will be used by your client.

Appraisal 79

Appraisal Contracts Training Architecture 79

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. But in the end, the people most affected by this legal limbo are the millions of agents and brokers themselves.

Realtors 424

Realtors Agents Real Estate Real Estate Agent 424