Housing Wire

NOVEMBER 30, 2023

An attorney for the plaintiffs, Robert Braun of Cohen Milstein Sellers & Toll, asked Wood if she would be willing to set a trial date for the third quarter of 2024. 19, 2023, deadline for submitting things like motions for summary judgment. “We The suit received class-action status in March 2023.

Legal 435

Legal Sellers Realtors Law 435

Housing Wire

APRIL 24, 2024

The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions. The Umpa suit was filed in late December 2023 by a Maryland home seller.

Realtors 378

Realtors Real Estate Brokerage Law 378

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We 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

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

APRIL 1, 2024

” “In November 2023, Mr. Grella requested and agreed with NEXA to a buyout of his membership interest in NEXA and its subsidiary companies, which include the ongoing aviation business that Mr. Grella was also approved of which NEXA currently leases an aircraft hangar ,” Kortas said. The lawsuit states that Kortas had 50.5%

Brokerage 385

Brokerage Business Loan Officers Legal 385

Inman

JULY 5, 2023

Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023.

Legal 133

Legal Brokerage Marketing Sellers 133

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. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5% 5, 2020, and the present.

Realty 487

Realty Realtors Real Estate Real Estate Agent 487

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 447

Sellers Realtors Buyers Agents 447

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. Zilly also pointed out the unlike other brokerage, Zillow continued to display REX’s listings. In mid-May 2022, REX ceased its brokerage operations.

Advertising 365

Advertising Legal Brokerage Realtors 365

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.

Legal 417

Legal Real Estate Agents Realtors 417

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. 2023, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation. It is not required for a seller to compensate a buyer’s agent.

Real Estate Agent 428

Real Estate Agent Real Estate Agents Sellers 428

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. Accepted by the court on Oct.

Real Estate 441

Real Estate Sellers Realtors Real Estate Agent 441

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 379

Agents Real Estate Agent Realtors Brokerage 379

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 407

Brokerage Sellers Law Contracts 407

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. It remains unknown whether the court will grant any of these motions.

Realty 406

Realty Real Estate Law Brokerage 406

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

Advertising 419

Advertising Legal Law Real Estate 419

Housing Wire

FEBRUARY 6, 2024

On Monday, the now defunct discount brokerage filed an appeal with the U.S. In mid-May 2022, REX ceased its brokerage operations. A little over a year later, in mid-June 2023, the three parties involved in the suit, all filed motions for summary judgment on at least some issues, if not the entire lawsuit.

Advertising 408

Advertising Real Estate Brokerage Agents 408

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. 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.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. 16 to implement these changes. “I It is not about our own needs.

Realtors 375

Realtors Real Estate Agent Real Estate Brokerage 375

Housing Wire

SEPTEMBER 5, 2023

According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. A trial date has yet to be set for the Moehrl lawsuit. “We

Real Estate 448

Real Estate Buyers Legal Realtors 448

Housing Wire

AUGUST 7, 2023

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. In mid-May 2022, REX ceased its brokerage operations. On Friday, Judge Thomas Zilly, the U.S.

Advertising 299

Advertising Law Brokerage Sellers 299

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 328

Real Estate Brokerage Buyers Property Management 328

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

Real Estate 406

Real Estate Agents Buyers Business 406

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. Like the brokerage defendants, MLS PIN has also reached a settlement agreement with the plaintiffs in the Nosalek suit. But the DOJ intervened in September 2023, stating that it had “significant concerns” about the settlement.

Brokerage 393

Brokerage Real Estate Agent Buyers Real Estate 393

Housing Wire

MAY 3, 2024

“The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.” million in Q1 2023. annual decline in revenue to $78.3

Agents 376

Agents Real Estate Training Buyers 376

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. The settlement settles all home seller lawsuits nationwide. Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit.

Agents 493

Agents Realtors Real Estate Agent Real Estate 493

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

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

OCTOBER 9, 2023

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Ready to find a real estate brokerage?

Real Estate Agent 416

Real Estate Agent Real Estate Agents Brokerage 416

McKissock

MAY 15, 2023

Consider establishing side businesses such as home inspection, staging, and perhaps even brokerage. (It Don’t assume that because you know real estate from an appraiser’s perspective, that you can represent buyers or sellers successfully.) It takes a certain personality type to make it as a broker, though. Business insurance is a must.

Business 71

Business Appraisal Advertising Real Estate 71

Lamacchia Realty

APRIL 4, 2024

They will be your best resource for the legalities of an estate sale. Legally, only the individual or individuals named as the executor or personal representative of the estate have the right to sell the home. The most common route for selling a home is to go through a real estate brokerage to put it on the market traditionally.

Tenants 50

Tenants Realtors Legal Real Estate 50

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 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. 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. Sect C, item 8a touches on events considered seller default.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Sellers 98

Lamacchia Realty

SEPTEMBER 5, 2023

Ask that agent to refer you to a trusted REALTOR®, likely within their brokerage, to handle this transaction to mitigate any of those concerns. If one party has a long-standing relationship with an agent, the other party may feel that favoritism is at play.

Realtors 65

Realtors Real Estate Agents Open Houses 65

Housing Wire

NOVEMBER 30, 2023

Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more. Athens Campus location. Is it hard to pass the Ohio real estate exam?

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