Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. 2023, Umpa is a resident of Maryland and the lawsuit is in regards to the sale of two homes, one in Maryland and one in Ohio. 27, 2019, and the present.

Sellers 424

Sellers Brokerage Real Estate Realtors 424

Housing Wire

JANUARY 22, 2024

District Court in New York against the Real Estate Board of New York and several brokerages, according to court filings. According to Friedman’s initial complaint, this artificially inflated real estate agent commissions. The filings did not provide any insight into why the suit was dismissed.

Real Estate Agent 428

Real Estate Agent Real Estate Agents Sellers 428

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 385

Real Estate Brokerage Training Agents 385

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million.

Agents 386

Agents Brokerage Real Estate Clients 386

Housing Wire

APRIL 17, 2024

The plaintiffs who signed the contract, however, sued a non-signatory parent company of the signatory brokerages, which “asserted liability based on the non-signatory’s relationship with its subsidiary.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 409

Contracts Brokerage Law Real Estate Agent 409

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. In a copycat suit filed last Friday in U.S. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.”

Realty 487

Realty Realtors Real Estate Real Estate Agent 487

Housing Wire

NOVEMBER 30, 2023

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?

Real Estate 412

Real Estate Real Estate Agent Brokerage Agents 412

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% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. Revenue was revised down to $241.20

Agents 379

Agents Real Estate Agent Realtors Brokerage 379

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 414

Contracts Brokerage Law Real Estate Agent 414

Housing Wire

MAY 1, 2024

Just six months ago, when a Missouri jury found HomeServices of America, Keller Williams and the National Association of Realtors (NAR) liable for colluding to artificially inflate real estate agent commissions , the industry’s path forward was very murky. 16 to implement these changes. “I

Realtors 375

Realtors Real Estate Agent Real Estate Brokerage 375

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Its agents also offer buyer broker compensation.

Real Estate 441

Real Estate Sellers Realtors Real Estate Agent 441

Housing Wire

JANUARY 11, 2024

Getting your real estate license in California can take as little as 7.5 We’ll show you how to get a real estate agent in California, taking you through the process step-by-step. You’ll begin by fulfilling the required 135 California real estate course hours. What’s next?

Real Estate 386

Real Estate Real Estate Agent Agents Law 386

Housing Wire

JANUARY 9, 2024

In addition to the long running Moehrl commission lawsuit , as well as the Batton 1 and Batton 2 suits , the Prairie State is now home to the Tuccori suit, filed in early December 2023 by James Tuccori against @properties. The suit was originally filed in the Circuit Court of Cook County Illinois, but it was moved to the U.S.

Property Management 403

Property Management Real Estate Agents Brokerage 403

Housing Wire

FEBRUARY 15, 2024

The plaintiffs’ original motion to stay the litigation only discussed doing so for the brokerage defendants. Named after its lead plaintiff, the Nosalek suit alleges that MLS PIN, HomeServices of America , Keller Williams , RE/MAX and Anywhere colluded to artificially inflate real estate agent commissions.

Brokerage 393

Brokerage Real Estate Agent Buyers Real Estate 393

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 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 393

Buyers Contracts Agents Realtors 393

Housing Wire

NOVEMBER 3, 2023

But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario. District Court in Western Missouri granted Anywhere’s motion to continue on December 13 and said the court would choose a new trial date “in late 2023,” but an exact timeline was not provided, as previously reported by Han.

Real Estate 328

Real Estate Brokerage Buyers Property Management 328

Housing Wire

FEBRUARY 16, 2024

District Court in Boston, the Nosalek suit alleges that MLS PIN, Keller Williams , RE/MAX , Anywhere and HomeServices of America colluded to artificially inflate real estate agent commissions. 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

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 399

Real Estate Real Estate Agent Agents Brokerage 399

Housing Wire

NOVEMBER 1, 2023

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 457

Clients Agents Buyers Sellers 457

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. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 450

Real Estate Agent Loan Officers Real Estate Agents 450

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Sellers 98

Housing Wire

AUGUST 16, 2023

Greg Vogel, the founder and CEO of Land Advisors , a Scottsdale-based land brokerage, had some stronger words about the analysis and the building ordinance. On August 4, 2023, 5,259 single family homes were for sale in Maricopa County, down from 11,890 homes on August 9, 2019, according to data from Altos Research.

Construction 325

Construction Agents Development Real Estate Agent 325

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 418

Real Estate Real Estate Agent Law Inspection 418

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 421

Realtors Agents Real Estate Real Estate Agent 421

Housing Wire

APRIL 8, 2024

In late January 2023 , Judge Timothy Kelly of the U.S. The loophole the stands out to the KBW analysts is the off-MLS compensation workaround, which has been widely discussed in the real estate industry. In late September 2023, DOJ became involved in the Nosalek commission lawsuit. Circuit Court of Appeals in D.C.

Real Estate 488

Real Estate Realtors Agents Brokerage 488

Housing Wire

DECEMBER 5, 2023

In late January 2023 , Judge Timothy J. The appeal comes at a challenging time for the trade group, which is currently facing several commission lawsuits, which accuse NAR and many of the nation’s largest corporate brokerages of colluding to artificially inflate real estate agent commissions. Kelly of the U.S.

Real Estate Agent 383

Real Estate Agent Law Real Estate Agents 383