Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. She used Redfin agents for both listing and buying purposes.

Realtors 377

Realtors Agents Sellers Real Estate 377

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. In 2023, NAR raised dues from $150 to $156.

Realtors 359

Realtors Finance Agents Legal 359

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. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 400

Contracts Brokerage Law Real Estate Agent 400

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 399

Buyers Contracts Agents Realtors 399

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.

Realty 401

Realty Real Estate Law Brokerage 401

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. transaction sides in 2023, more than double the average of other agents. million in Q1 2023. agent count. “We

Agents 379

Agents Real Estate Training Buyers 379

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Home sales will remain below the historic average of 5 million throughout 2023. from December to a pace of 4.00

Inventory 368

Inventory Buyers Housing Market Contracts 368

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 389

Agents Real Estate Contracts Real Estate Agent 389

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. I was already using buyer broker contracts, but now use them 100% of the time. Always will too,” one wrote.

Agents 388

Agents Realtors Clients Real Estate Agent 388

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 70

Real Estate Legal Law Contracts 70

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 396

Inventory Contracts Housing Market Realtors 396

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 423

Sellers Real Estate Buyers Contracts 423

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. That is 12 million more than Netflix and 32 million more than LinkedIn.

Investors 435

Investors Agents Real Estate Buyers 435

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 373

Sellers Realtors Law Contracts 373

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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 422

Realtors Agents Brokerage Contracts 422

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 399

Law Sellers Realtors Contracts 399

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023.

Sellers 384

Sellers Contracts Buyers Realtors 384

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. 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.

Sellers 424

Sellers Buyers Real Estate Contracts 424

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace.

Inventory 420

Inventory Realtors Contracts Construction 420

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

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. Bough of U.S.

Real Estate 316

Real Estate Brokerage Buyers Property Management 316

Housing Wire

OCTOBER 31, 2023

home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. in August, which marks the seventh consecutive monthly gain since prices bottomed in January 2023. in September year over year to $394,300, according to the National Association of Realtors.

Inventory 468

Inventory Housing Market Contracts Realtors 468

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. Mobile-friendly design: Like many of us, homebuyers are constantly on the go. per month plus $249.95

Real Estate 425

Real Estate Real Estate Agent Agents Tools 425

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. in 2023 and 5.4% year over year in 2023 to a total of 4.47

Housing Market 421

Housing Market Realtors Contracts Buyers 421

Housing Wire

SEPTEMBER 23, 2022

But ultimately, real estate is the business of delivering homeownership — the primary means by which most Americans build generational wealth — to people, and the affordability crisis challenges that, disproportionately affecting low-income homebuyers and people of color. Katherine Mechling: A big one is moderation.

Real Estate Agent 368

Real Estate Agent Agents Real Estate Realtors 368

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. “In Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Inventory 402

Inventory Realtors New Listings Contracts 402

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Home sales will pick up in the second half of 2023, but will be down by 7.1% regions recorded year-over-year decreases in contract signings. In July , the index fell 1.0%

Contracts 379

Contracts Realtors Inventory Marketing 379

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 414

Sellers Buyers Real Estate Agents 414

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. in 2023 before increasing to 4.1% in 2023, settling at 4.38

Construction 368

Construction Inventory Realtors Housing Market 368

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 394

Real Estate Real Estate Agent Agents Brokerage 394

Housing Wire

FEBRUARY 28, 2024

To help, I put together my best strategies for real estate social media marketing that still work in 2024, common mistakes to avoid, how to choose which platforms to focus on, and my favorite free and paid social media tools that can cut your work in half. Social media gives you the perfect opportunity to build a brand that resonates.

Real Estate 441

Real Estate Marketing Tools Contracts 441

Empire Appraisal Group

FEBRUARY 29, 2024

CHICAGO – Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Tables have turned for some sellers.

Mortgage 403

Mortgage Sellers Contracts Buyers 403

Listing Spark

DECEMBER 6, 2023

Texas is a great place for real estate investors and homeowners looking to sell. For one, you’re not required to have a lawyer present during a home real estate transaction. In fact, homeowners can sell their homes without even hiring a real estate agent. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Housing Wire

AUGUST 23, 2023

.” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The change resulted in Better’s exit from its real estate business. It incurred an $89.9

Realtors 369

Realtors Technology Insurance Mortgage 369

Listing Spark

SEPTEMBER 27, 2023

The real estate industry is no exception, and realtors who specialize in (or at least serve) property investment clients are seeing the beginnings of a complete technological transformation through AI and increasingly smart tools , such as property investment software. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Clients 36