Housing Wire

MAY 8, 2024

In their motion, the Batton plaintiffs argued that the three settling brokerage firms “did not reveal their intent to release homebuyer claims” until Friday, May 3, and didn’t reveal they planned to specifically prevent the Batton 1 plaintiffs from pursuing their claims until Tuesday, May 8. Such extraordinary action would be inappropriate.”

Sellers 351

Sellers Realtors Brokerage Buyers 351

Housing Wire

MARCH 8, 2024

JND Legal Administration is in charge of distributing the mailers, emails and press releases. While it is not uncommon for the parties themselves to handle settlement administration work, legal experts told HousingWire that due to the size and scope of these lawsuits it is not surprising that a third-party administrator was brought in.

Agents 417

Agents Legal Realtors Clients 417

Housing Wire

MARCH 7, 2024

District Court of Nevada in early January 2024, the Whaley suit (like other commission lawsuits) accuses real estate industry players of colluding to artificially inflate agent commissions. In the initial complaint , Whaley only named Realtor associations and MLSs as defendants.

Realty 392

Realty Real Estate Realtors Brokerage 392

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. Florance expressed confidence in CoStar’s business model, particularly in light of the recent commission lawsuit settlement by the National Association of Realtors.

Real Estate 333

Real Estate Advertising Legal Brokerage 333

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 Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 389

Agents Brokerage Real Estate Clients 389

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 378

Realtors Real Estate Agent Real Estate Brokerage 378

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

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Realty Realtors Brokerage Real Estate 423

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 411

Legal Real Estate Agents Realtors 411

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. In addition to the already publicized $83.5 In the Sept.

Agents 395

Agents Brokerage Realtors Real Estate 395

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 380

Real Estate Sellers Realtors Brokerage 380

Housing Wire

DECEMBER 26, 2023

Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework. Covers real estate principles & practices, including property ownership, real estate law, finance, brokerage relationships, closings, transfer of title & more.

Real Estate 403

Real Estate Real Estate Agent Design Law 403

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

OCTOBER 6, 2023

Final court approval of the settlement is expected in early 2024. RE/MAX brokerages and affiliates from any claims related to these lawsuits. It Like Anywhere, RE/MAX will no longer require agents to be “members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook.”

Agents 477

Agents Real Estate Buyers Brokerage 477

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. Noticeably missing from the list is the National Association of Realtors. The anti-competitive nature of commission rule is clear when compared to other countries with competitive markets for residential real estate brokerage services.” is safe from a commission lawsuit.

Real Estate 462

Real Estate Brokerage Sellers Law 462

Housing Wire

APRIL 16, 2024

million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). The plaintiffs arrives that this figure by tripling the $1.78 The plaintiffs were also seeking award of attorneys’ fees, other costs of the suit and interest on the damages.

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Law Realtors Brokerage Legal 404

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. Year over year, RE/MAX’s total agent count in Q1 2024 was down 0.2% million in Q1 2024, compared to a net loss of $0.7

Agents 379

Agents Real Estate Training Buyers 379

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. A final approval hearing for the two settlements has been set for May 9, 2024. The settlement settles all home seller lawsuits nationwide.

Agents 464

Agents Realtors Real Estate Agent Real Estate 464

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

Agents 441

Agents Brokerage Advertising Real Estate 441

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 448

Real Estate Advertising Agents Realtors 448

Housing Wire

FEBRUARY 15, 2024

The plaintiffs’ original motion to stay the litigation only discussed doing so for the brokerage defendants. MLS PIN is broker-owned, so it is not required to abide by the rules of the National Association of Realtors (NAR), including its Participation Rule. The Keller Williams settlement has yet to receive preliminary approval.

Brokerage 393

Brokerage Real Estate Agent Buyers Real Estate 393

Housing Wire

OCTOBER 4, 2023

The final settlement hearing deadline is now scheduled for March 7, 2024, instead of Jan. Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules.

Buyers 409

Buyers Realtors Sellers Legal 409

Housing Wire

MARCH 15, 2024

NAR said that the changes , if approved by the court, will go into effect in mid-July 2024. He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career. Having to be somebody’s confidant and advisor on the real estate part would be “tough.”

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

APRIL 5, 2024

The date for the final approval hearing for the settlement agreements in this suit is set for May 9, 2024. The brokerage firm argued that if these settlements are rejected or challenged, the math for the final judgement amount would change.

Brokerage 402

Brokerage Sellers Law Contracts 402

Housing Wire

NOVEMBER 2, 2023

In regards to the outcome of the Sitzer/Burnett commission lawsuit , Kelman said it was one that Redfin has long prepared for, which he felt was evident in the firm’s commitment to giving consumers a better deal and the announcement of their break from the National Association of Realtors. I feel a twinge of optimism.

Agents 431

Agents Technology Housing Market Training 431

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Buyers 392

Buyers Agents Loan Officers Real Estate 392

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Check out the best schools for exam prep courses with helpful study aids in our article 7 best real estate classes in Ohio for 2024. Ready to find a real estate brokerage? Vetted by HousingWire | Our editors independently review the products we recommend.

Real Estate 408

Real Estate Real Estate Agent Brokerage Agents 408

Housing Wire

SEPTEMBER 6, 2023

The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. The National Association of Realtors , a defendant in both lawsuits, says it is not giving up the fight. As far as cooperation and compensation, that is now pretty much over,” Murray said.

Agents 414

Agents Buyers Realtors Sellers 414

Housing Wire

OCTOBER 2, 2023

4, 2024 to March 7, 2024. Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules. District Court in Boston who is overseeing the case.

Buyers 394

Buyers Realtors Real Estate Sellers 394

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

Buyers 471

Buyers Contracts Real Estate Agents 471

Housing Wire

FEBRUARY 16, 2024

All of the brokerage defendants except for HomeServices of America have settlement agreements related to the suit. Currently, in order to list a property, the listing broker must make an offer of at least one cent, but under the settlement, MLS PIN would drop that to zero dollars.

Sellers 424

Sellers Buyers Real Estate Contracts 424

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Ready to find a real estate brokerage? To select the best brokerage for you, here are four things to consider: 1. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]

Real Estate Agent 406

Real Estate Agent Real Estate Agents Brokerage 406

Lamacchia Realty

APRIL 4, 2024

They will be your best resource for the legalities of an estate sale. Legally, only the individual or individuals named as the executor or personal representative of the estate have the right to sell the home. The most common route for selling a home is to go through a real estate brokerage to put it on the market traditionally.

Tenants 51

Tenants Realtors Legal Real Estate 51

Housing Wire

APRIL 22, 2024

Tracey Velt and Glenn Sanford at HousingWire’s The Gathering 2024 (Photo credit: AJ Canaria.)

Brokerage 374

Brokerage Agents Real Estate Buyers 374

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. Real Estate Law: Covers Real Estate Law and Legal areas Impacting real estate professionals Examine the law of agency as applied to real estate brokers and sales personnel, law of fixtures, estates, mortgages and liens, OH license laws of Ohio, zoning & more.

Real Estate 407

Real Estate Real Estate Agent Law Inspection 407

Housing Wire

APRIL 8, 2024

Analysts at investment bank Keefe, Bruyette & Woods believe that the Department of Justice will intervene in Sitzer/Burnett commission lawsuit after receiving the green light to reopen its investigation into the National Association of Realtors. The DOJ appealed the ruling in March of 2024. Circuit Court of Appeals in D.C.

Real Estate 457

Real Estate Realtors Agents Brokerage 457

Housing Wire

APRIL 23, 2024

Anthony Lamacchia, Linda O’Koniewski, James Dwiggins at HousingWire’s The Gathering 2024. a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker.

Brokerage 341

Brokerage Sellers Buyers Agents 341