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 313

Real Estate Realty Real Estate Agent Legal 313

Housing Wire

APRIL 8, 2024

In the release, Real noted that it does not foresee the settlement having a material impact on its future operations. In settling this lawsuit, Real joins Compass , the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The Real Brokerage closed $14.4

Brokerage 345

Brokerage Real Estate Agent Real Estate Clients 345

Housing Wire

JANUARY 11, 2024

In the lead up to the Sitzer/Burnett real estate commission trial , the National Association of Realtors expected to prevail. “I There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions.

Real Estate Agent 421

Real Estate Agent Real Estate Buyers Agents 421

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 331

Agents Real Estate Agent Realtors Brokerage 331

Housing Wire

NOVEMBER 2, 2023

The National Association of Realtors’ longtime CEO Bob Goldberg is leaving the trade association, multiple sources with knowledge of the situation have confirmed to HousingWire Thursday morning. “We This came in the wake of the sexual harassment allegations brought forth in a New York Times exposé.

Real Estate Agent 459

Real Estate Agent Realtors Real Estate Development 459

Housing Wire

OCTOBER 16, 2023

The National Association of Realtors , Keller Williams , and Berkshire Hathaway are still going to court to fight the allegations. The real estate industry seems to be taking a multifaceted approach to potential legal challenges related to commission structures.

Real Estate 334

Real Estate Brokerage Training Agents 334

Housing Wire

JANUARY 8, 2024

31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions. The parties had since Oct.

Law 320

Law Real Estate Real Estate Agent Legal 320

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 306

Brokerage Realty Real Estate Real Estate Agent 306

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 61

Realtors Agents Real Estate Agent Real Estate 61

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. 16 to implement these changes. 16 to implement these changes.

Realtors 324

Realtors Real Estate Agent Real Estate Brokerage 324

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 464

Agents Realtors Real Estate Agent Real Estate 464

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. Third, Compass agents have doubled down on training to help them better communicate their value proposition. That is an improvement over its $150.2

Agents 361

Agents Brokerage Real Estate Clients 361

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 393

Real Estate Sellers Realtors Real Estate Agent 393

Housing Wire

APRIL 17, 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 359

Contracts Brokerage Law Real Estate Agent 359

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 360

Real Estate Real Estate Agent Brokerage Agents 360

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. were normal and would incent buyer agents to sell their properties,” the report says.

Buyers 346

Buyers Contracts Agents Realtors 346

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. 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.

Realtors 66

Realtors Real Estate Agent Sellers Realty 66

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

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

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 338

Real Estate Agent Real Estate Buyers Realtors 338

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 412

Sellers Buyers Real Estate Agents 412

Housing Wire

SEPTEMBER 22, 2023

The National Association of Realtors continues to face demands for change from staffers and members in the wake of the sexual harassment allegations brought forth in the New York Times exposé. The letter also addresses a separate letter from Denise Drake, an attorney at Polsinelli Law Firm , to Goldberg dated July 14, 2023.

Law 342

Law Legal Human Resources Realtors 342

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 342

Brokerage Real Estate Agent Buyers Real Estate 342

Housing Wire

FEBRUARY 16, 2024

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. In June 2023, MLS PIN reached a settlement agreement with the Nosalek plaintiffs. Originally filed in 2020 in U.S.

Sellers 422

Sellers Buyers Real Estate Contracts 422

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 352

Property Management Real Estate Agents Brokerage 352

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 64

Real Estate Legal Law Contracts 64

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 336

Agents Real Estate Contracts Real Estate Agent 336

Housing Wire

NOVEMBER 3, 2023

But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario. District Court in Western Missouri granted Anywhere’s motion to continue on December 13 and said the court would choose a new trial date “in late 2023,” but an exact timeline was not provided, as previously reported by Han.

Real Estate 292

Real Estate Brokerage Buyers Property Management 292

Housing Wire

NOVEMBER 1, 2023

Multiple Listing Services were previously prohibited from disclosing these rates by a National Association of Realtors rule, but the rule was repealed as part of a proposed settlement with the U.S. Department of Justice and portals like Redfin began displaying the rates soon after. ” Their findings, published online as a draft on Oct.

Clients 418

Clients Agents Buyers Sellers 418

Lamacchia Realty

AUGUST 15, 2023

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. No REALTOR ® guidance to help you through negotiations – Selling your home with a “we buy homes” company means not needing to hire a REALTOR ®.

Buyers 50

Buyers Real Estate Agent Real Estate Realty 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. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 403

Real Estate Agent Loan Officers Real Estate Agents 403

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 353

Real Estate Real Estate Agent Agents Brokerage 353

Lamacchia Realty

NOVEMBER 21, 2023

Connecting you with a good real estate agent elsewhere ensures continuity of quality service, even beyond their local area. Staying Ahead of Regulatory Changes Keeping up-to-date with the latest changes in regulations, they navigate through permitting processes and legal compliance, avoiding potential pitfalls.

Real Estate 56

Real Estate Real Estate Agent Valuation Local Properties 56

Lamacchia Realty

FEBRUARY 21, 2024

With the guidance of your trusted REALTOR®, you can be prepared to handle anything and bring your transaction to a smooth close. Your REALTOR® should be very familiar with situations like these and possess the knowledge to reach a solution that works for everyone involved. Remember, don’t negotiate these terms alone.

Inspection 63

Inspection Sellers Buyers Agents 63

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. These are all things that should be discussed during negotiations.

Inspection 62

Inspection Realty Agents Sellers 62

Housing Wire

NOVEMBER 30, 2023

Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today. From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

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. NAR is a scam,” one agent wrote. Would love for our MLS to not be a part of the organization.

Realtors 369

Realtors Agents Real Estate Real Estate Agent 369