Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 356

Realtors Real Estate Legal Law 356

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 346

Buyers Contracts Agents Realtors 346

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 345

Brokerage Real Estate Agent Real Estate Clients 345

Housing Wire

APRIL 29, 2024

31, 2023 , Douglas Elliman had $119.8 The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. The SEC filing also notes that if “Douglas Elliman’s Cash Balance does not exceed $40.0 31, 2025 until Dec.

Brokerage 350

Brokerage Agents Legal Realty 350

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. Additionally, data from RealTrends shows that the average commission actually rose in 2023 to 5.5%, up from 5.1% That is an improvement over its $150.2

Agents 336

Agents Brokerage Real Estate Clients 336

Housing Wire

NOVEMBER 20, 2023

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. 22, 2023, to schedule final approval hearing. said in a statement. According to the order, the parties must contact the court prior to Dec.

Legal 365

Legal Real Estate Agents Realtors 365

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements.

Agents 331

Agents Real Estate Agent Realtors Brokerage 331

Housing Wire

MARCH 19, 2024

billion in damages awarded by a jury in late October 2023. million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). 1, 2023) at the rate of 5.4% The plaintiffs then subtracted the $626.5 per year, compounded annually.

Sellers 319

Sellers Realtors Law Contracts 319

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 288

Real Estate Advertising Legal Brokerage 288

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

Buyers 395

Buyers Inventory Realtors Finance 395

Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. As for the end of Q2/2023 , RE/MAX had $96.76 In the Sept.

Agents 354

Agents Brokerage Realtors Real Estate 354

Housing Wire

JANUARY 5, 2024

2023, with the Nosalek plaintiffs joining the settlements in late October. million, respectively, as well as make changes to how their agents practice real estate, including no longer requiring agents to belong to the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook.

Agents 374

Agents Realtors Real Estate Clients 374

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. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

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 359

Contracts Brokerage Law Real Estate Agent 359

Housing Wire

MARCH 27, 2024

2023, denied the HomeServices defendants’ motion to decertify the class. At the time, the defendants in the suit, which included HomeServices, as well as the National Association of Realtors , Keller Williams , Anywhere , and RE/MAX , requested that the Eighth Circuit court of appeal review the class certification order.

Law 346

Law Sellers Realtors Contracts 346

Housing Wire

FEBRUARY 22, 2024

months as of December 2023), and implementing measures to moderate home price appreciation, fostering increased affordability. Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

Business 339

Business Marketing Real Estate Legal 339

Housing Wire

OCTOBER 16, 2023

The National Association of Realtors , Keller Williams , and Berkshire Hathaway are still going to court to fight the allegations. This includes understanding the value they provide, how to articulate this value to clients, and how to use buyer-broker agreements.

Real Estate 334

Real Estate Brokerage Training Agents 334

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 399

Realtors Agents Brokerage Contracts 399

Housing Wire

MAY 15, 2023

N ominations for HousingWire’s Women of Influence award are open now through Friday, May 19, 2023. Click here to nominate a female leader in the industry — a client, colleague, boss or friend — it can even be you! This is the last week to nominate a female leader in housing for the 2023 HousingWire Women of Influence award!

Legal 340

Legal Realtors Lending Clients 340

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. billion in damages, as well as what the judge’s final ruling would look like.

Realtors 324

Realtors Real Estate Agent Real Estate Brokerage 324

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

Realty 355

Realty Real Estate Law Brokerage 355

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

Sellers 407

Sellers Real Estate Buyers Contracts 407

Housing Wire

APRIL 16, 2024

Launched in the fourth quarter of 2023, Real-Finity Mortgage LLC has already funded more than $13 million in mortgages in Texas, California and Florida, with plans to expand to other markets in the U.S, Working as both an LO and agent was a way to better serve his clients, he said. according to the company.

Real Estate Agent 403

Real Estate Agent Loan Officers Real Estate Agents 403

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. According to the plaintiffs, commission sharing inflates the costs for consumers, in violation of the Sherman Antitrust Act.

Agents 464

Agents Realtors Real Estate Agent Real Estate 464

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 370

Contracts Brokerage Law Real Estate Agent 370

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. million in Q1 2023. annual decline in revenue to $78.3

Agents 325

Agents Real Estate Training Buyers 325

Housing Wire

FEBRUARY 22, 2024

In early September 2023, Steve Murray , the co-founder of RealTrends Consulting , told HousingWire that he believed this was a possible outcome. In Tozer’s experience, the level of service provided by buyer agents often varies by individual, as well as the level of service needed by the client.

Sellers 412

Sellers Buyers Real Estate Agents 412

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. In June 2023, MLS PIN reached a settlement agreement with the Nosalek plaintiffs.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

SEPTEMBER 6, 2023

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. The National Association of Realtors , a defendant in both lawsuits, says it is not giving up the fight.

Buyers 409

Buyers Agents Realtors Sellers 409

Housing Wire

OCTOBER 22, 2023

Currently, there are about 154,113 Realtors ® in Texas, according to the National Association of Realtors. Additionally, a Texas real estate sales agent must be sponsored by a licensed broker in order to perform any real estate services on behalf of their clients. That’s an average pass rate of 58% for exam takers. [5]

Real Estate 353

Real Estate Real Estate Agent Agents Brokerage 353

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 292

Real Estate Brokerage Buyers Property Management 292

Housing Wire

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. Besides its post-trial motions, HomeServices is also waiting to hear about a writ of certiorari it filed in February.

Brokerage 356

Brokerage Sellers Law Contracts 356

Lamacchia Realty

NOVEMBER 21, 2023

Beyond identifying emerging areas for investment, their role is crucial in helping clients understand and navigate real estate myths with data-driven insights. Historical Market Analysis These specialists offer valuable historical market analysis to help clients understand how past trends have shaped current market conditions.

Real Estate 62

Real Estate Real Estate Agent Local Properties Valuation 62

Housing Wire

NOVEMBER 30, 2023

Culture, cutting-edge technology, marketing assistance, and training are key to succeeding as an Ohio real estate agent, so look for a brokerage that provides the agent services and resources you need to maximize reach for your clients. SALESPERSON LICENSE EXAMINATION APPLICATION” [link] Ohio Realtors. This is the equivalent of $35.80

Real Estate 360

Real Estate Real Estate Agent Brokerage Agents 360

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. According to ZipRecruiter, a real estate agent working in Illinois earns $76,653 per year on average, as of Sep 27, 2023. Frequently Asked Questions” [link] Illinois Realtors, Start Your Career in Real Estate. This is the equivalent of $36.85

Real Estate Agent 366

Real Estate Agent Real Estate Agents Brokerage 366

Lamacchia Realty

MAY 9, 2023

A good attorney will make sure that all of the legal documentation is clear and correct, that all of the bases have been covered, and things that can help protect you are in place. Our agents at Lamacchia Realty are committed to helping clients find their dream home, and financially plan for the exciting journey of becoming a homeowner!

Insurance 71

Insurance Inspection Buyers Realty 71

Appraisal Today

JUNE 23, 2023

By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. June 21, 2023) — Mortgage applications increased 0.5 Or hit the reply button. Be sure to put in a comment requesting it.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86