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 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

Brokerage 484

Brokerage Agents Real Estate Buyers 484

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. In 2023, it ranked as the No.

Brokerage 431

Brokerage Sellers Realtors Agents 431

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 440

Realtors Legal Agents Brokerage 440

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 419

Agents Brokerage Real Estate Clients 419

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. Burton sold her house with the help of a local Keller Williams agent in Spartanburg, South Carolina, in September 2023.

Sellers 457

Sellers Realtors Buyers Agents 457

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 428

Buyers Contracts Agents Realtors 428

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Some 22% said they were pessimistic, compared with 14% in the Q3 2023 survey.

Real Estate 423

Real Estate Brokerage Agents Training 423

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 456

Real Estate Sellers Realtors Real Estate Agent 456

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 482

Real Estate Inventory Sellers Realtors 482

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. 16 to implement these changes.

Realtors 409

Realtors Real Estate Agent Real Estate Brokerage 409

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.

Realty 433

Realty Real Estate Law Brokerage 433

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 450

Real Estate Agent Real Estate Agents Sellers 450

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. According to the National Association of Realtors , 4.09 million existing homes were sold in 2023, the fewest since 1995. It generated $1.3

Housing Market 414

Housing Market Marketing Brokerage Agents 414

Housing Wire

JANUARY 17, 2023

plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023. A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business. Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 410

Mortgage Real Estate Real Estate Agent Realtors 410

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 435

Advertising Real Estate Brokerage Agents 435

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. While CoStar’s stock climbed more than 8% on the day, the other companies’ stocks fell 4.9-14.3%.

Investors 465

Investors Agents Real Estate Buyers 465

Lamacchia Realty

JANUARY 3, 2024

has released its “Top Producing REALTORS®,” for December 2023! 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! Additionally, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realtors 73

Realtors Realty Real Estate Clients 73

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

Realtors 65

Realtors Realty Real Estate Agents 65

Housing Wire

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. But now a new threat is emerging on this front.

Sellers 475

Sellers Realty Insurance Realtors 475

Lamacchia Realty

MAY 7, 2024

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! Earlier last year, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 70

Realtors Realty Real Estate Clients 70

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. We are looking forward to the next chapter for our brokerage.

Realtors 78

Realtors Realty Real Estate Brokerage 78

Lamacchia Realty

NOVEMBER 3, 2023

has released its “Top Producing REALTORS®,” for October 2023! 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! Carolyn wants to help as many buyers and sellers achieve their goals as possible.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

SEPTEMBER 18, 2023

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. The Sitzer/Burnett trial is slated to head to trial on October 16, 2023. In the SEC filing, RE/MAX stated that the settlement was not an admission of liability. .”

Buyers 505

Buyers Realtors Agents Real Estate 505

Lamacchia Realty

DECEMBER 5, 2023

has released its “Top Producing REALTORS®,” for November 2023! 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! Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realty 73

Realty Realtors Real Estate Agents 73

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 446

Legal Sellers Realtors Law 446

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

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 410

Agents Real Estate Agent Realtors Brokerage 410

Lamacchia Realty

SEPTEMBER 7, 2023

has released its “Top Producing REALTORS®,” for August 2023! 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! Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realty 74

Realty Realtors Real Estate Clients 74

Lamacchia Realty

JULY 7, 2023

has released its “Top Producing REALTORS®,” for June 2023! 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! Most recently, Kevin was ranked on the 2023 Real Trends America’s Best Real Estate Professionals list.

Realtors 74

Realtors Realty Real Estate Clients 74

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 20, 2023

The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. Some of these provisions include no longer requiring agents to be members of the National Association of Realtors or following NAR’s Code of Ethics or the MLS Handbook.

Legal 444

Legal Real Estate Agents Realtors 444

Lamacchia Realty

JUNE 6, 2023

has released its “Top Producing REALTORS®,” for May 2023! 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! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

Realtors 73

Realtors Realty Real Estate Clients 73

Lamacchia Realty

APRIL 19, 2024

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Anthony Lamacchia Broker/Owner Notably, Lynn is ranked by RealTrends America’s Best 2023 Rankings with $36,773,725 sales volume and over 87 sides.

Realty 74

Realty Realtors Training Clients 74

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 341

Real Estate Brokerage Buyers Property Management 341

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. In the order, Zilly noted that NAR’s No-Commingling Rule was optional and that about 29% of Realtor-affiliated MLSs had not adopted the rule, without any repercussions from NAR.

Advertising 370

Advertising Legal Brokerage Realtors 370

Lamacchia Realty

MAY 5, 2023

has released its “Top Producing REALTORS®,” for April 2023! 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! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

Realtors 74

Realtors Realty Clients Real Estate 74