Housing Wire

JANUARY 8, 2024

A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. 31, 2023, and Dec. In a filing dated Dec.

Real Estate 320

Real Estate Realty Real Estate Agent Legal 320

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 341

Real Estate Brokerage Training Agents 341

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. We expect to achieve our $900 million annualized non-GAAP operating expense run rate in Q4 2023,” Refkin said during the call.

Agents 337

Agents Real Estate Agent Realtors Brokerage 337

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 350

Brokerage Real Estate Agent Real Estate Clients 350

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 416

Sellers Buyers Real Estate Agents 416

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Third, Compass agents have doubled down on training to help them better communicate their value proposition.

Agents 344

Agents Brokerage Real Estate Clients 344

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. commission ($10,250) to the buyer broker.” 5, 2020, and the present.

Realty 460

Realty Realtors Real Estate Real Estate Agent 460

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 400

Real Estate Sellers Realtors Real Estate Agent 400

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 426

Sellers Buyers Real Estate Contracts 426

Housing Wire

DECEMBER 27, 2023

30, 2023, ARMLS is no longer supporting the integration for the ShowingTime platform. According to the complaint, this leaves Aligned Showings as the only choice available to agents on those MLS portals. “By This is just the latest lawsuit alleging anticompetitive behavior in the real estate industry. Since the Oct.

Real Estate 491

Real Estate Agents Real Estate Agent Sellers 491

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. million real estate license holders, many handle only one or two transactions a year.

Agents 343

Agents Real Estate Contracts Real Estate Agent 343

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Kays join John and Nancy Moratis in the suit that was originally filed in early December 2023 in the U.S.

Brokerage 312

Brokerage Realty Real Estate Real Estate Agent 312

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. It is not about our own needs.

Realtors 331

Realtors Real Estate Agent Real Estate Brokerage 331

Empire Appraisal Group

FEBRUARY 29, 2024

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

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

DECEMBER 19, 2023

18, 2023,” Jessica Leal, the DOJ’s trial attorney, wrote in the letter. Originally filed in December 2020, the Nosalek lawsuit , alleges that MLS PIN, Keller Williams and HomeServices of America have colluded to artificially inflate real estate agent commissions. “On Wednesday, Dec.

Real Estate Agent 345

Real Estate Agent Real Estate Buyers Realtors 345

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 359

Property Management Real Estate Agents Brokerage 359

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide.

Real Estate 67

Real Estate Legal Law Contracts 67

Housing Wire

FEBRUARY 15, 2024

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. But the DOJ intervened in September 2023, stating that it had “significant concerns” about the settlement.

Brokerage 349

Brokerage Real Estate Agent Buyers Real Estate 349

Housing Wire

FEBRUARY 1, 2024

In late October 2023, an eight-person jury in Missouri found Keller Williams, along with defendants, NAR and HomeServices of America, liable for colluding to artificially inflate real estate agent commissions. The jury awarded full damaged of $1.7 billion, which under federal antitrust rules is trebled to over $5 billion.

Agents 468

Agents Realtors Real Estate Agent Real Estate 468

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 368

Real Estate Real Estate Agent Brokerage Agents 368

Lamacchia Realty

AUGUST 15, 2023

WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer? Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. In many cases, a home can be sold within days.

Buyers 53

Buyers Real Estate Agent Real Estate Realty 53

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

Inspection 66

Inspection Sellers Buyers Agents 66

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R.

Real Estate 297

Real Estate Brokerage Buyers Property Management 297

Listing Spark

OCTOBER 9, 2023

Are you considering selling your home without the assistance of a real estate agent? For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. You set the price, decide how to market your home, and negotiate directly with buyers.

Real Estate Agent 36

Real Estate Agent Legal Real Estate Agents 36

Housing Wire

SEPTEMBER 22, 2023

In addition to calling for an outside HR system and legal review, the letter’s authors also demanded the resignation or dismissal of Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and Head of HR Donna Gland. That has not happened, and our leadership has failed us.”

Law 349

Law Legal Human Resources Realtors 349

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

Realtors 64

Realtors Agents Real Estate Agent Real Estate 64

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. Buyers Typically Avoid FSBO Properties : Buyers will often avoid putting an offer on FSBO homes altogether. This is known as For Sale by Owner (FSBO).

Realtors 69

Realtors Real Estate Agent Sellers Realty 69

Housing Wire

AUGUST 4, 2022

The firm, based in San Francisco, plans to refine and demonstrate “proof of concept” for the new mortgage brokerage through the first quarter of 2023, according to Sam Kasle, Radius’ chief revenue officer, before expanding to additional states. The goal is to build and amplify the affiliated agents’ own brands, Kasle explained.

Brokerage 393

Brokerage Real Estate Lending Mortgage 393

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 411

Real Estate Agent Loan Officers Real Estate Agents 411

Lamacchia Realty

NOVEMBER 21, 2023

This perspective is particularly useful for buyers and sellers looking to understand the long-term value of their investments. The Integration of Technology in Local Real Estate In today’s digital age, local real estate experts harness various technological tools to offer clients an enhanced experience.

Real Estate 59

Real Estate Real Estate Agent Local Properties Valuation 59

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

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 359

Real Estate Real Estate Agent Agents Brokerage 359

Lamacchia Realty

JULY 10, 2023

Disclosing Infected Drywall While sellers are legally obligated to disclose any obvious defects to the house, there’s no guarantee that they will always be completely truthful, especially when it comes to issues like toxic drywall. With this in mind, buyers need to be thorough and diligent in protecting themselves.

Inspection 65

Inspection Realty Agents Sellers 65

Lamacchia Realty

DECEMBER 13, 2023

Homebuyers and real estate agents showing your property should be able to walk on your property safely. Don't Throw Snow Back Into the Street After large snowstorms, you may have to get creative to figure out where you’re going to put the snow. Throwing snow into Boston city streets is prohibited and will also result in fines.

Law 62

Law Real Estate Agent Legal Realty 62

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

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. There are numerous methods an agent can use to prospect, some traditional and others that leverage technology. Here are some different methods that real estate agents use to prospect for leads.

Real Estate 397

Real Estate Tools Real Estate Agent Open Houses 397

Appraisal Today

MARCH 31, 2023

And that’s the way it is – March 1, 2023. To read what Fannie says, click here ————————– Link to Fannie SEL-2023-02: Selling Guide Updates PDF To read more, click here My comments: Lenders Are Happeeee! . Ok appraisers, it’s time to speak out and stand together.

Appraisal 52

Appraisal Contracts Inspection Clients 52