Housing Wire

APRIL 23, 2024

The National Association of Realtors (NAR) can breathe a small sigh of relief. The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement. A final approval hearing for the settlement has been set for November 2024.

Realtors 491

Realtors Agents Buyers Legal 491

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

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Buyers Realtors Real Estate Sellers 404

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present. 16, 2020, and the present.

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Real Estate Realtors Realty Brokerage 439

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents.

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Buyers Agents Loan Officers Real Estate 410

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.

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Agents Legal Realtors Clients 433

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

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Legal Law Insurance Real Estate 371

Housing Wire

MAY 8, 2024

But in court documents filed last week, Anywhere revealed that they had “insisted that the people in the Settlement Class release all their antitrust claims arising from the same alleged conspiracy, including claims they could assert as either sellers or buyers.” Keller Williams reached a settlement agreement in early February 2024.

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Sellers Realtors Brokerage Buyers 346

Housing Wire

APRIL 23, 2024

The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement. Offering cooperative compensation is legal in all 50 states and the four territories that we have Realtor associations, so we didn’t want to usurp state laws,” Sears said.

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Realtors Brokerage Agents Real Estate 388

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 381

Agents Real Estate Training Buyers 381

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 390

Agents Brokerage Real Estate Clients 390

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.

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Realtors Real Estate Agent Real Estate Brokerage 380

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. With a final ruling not expected until mid-to-late spring 2024 , the real estate industry remains in limbo as the copycat lawsuits continue to pile up.

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Legal Real Estate Agents Realtors 422

Housing Wire

OCTOBER 6, 2023

Like Anywhere Real Estate Friday morning, the terms of RE/MAX’s $55 million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public. Final court approval of the settlement is expected in early 2024. independent regions, and U.S. We assert that protecting the U.S.

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Agents Real Estate Buyers Brokerage 501

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 382

Real Estate Sellers Realtors Brokerage 382

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 456

Housing Wire

FEBRUARY 22, 2024

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. They have gone through all of this and it will end up being punitive to buyers.

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Sellers Buyers Real Estate Agents 448

Housing Wire

OCTOBER 6, 2023

After roughly a month of speculation, Anywhere Real Estate and RE/MAX made the terms of their proposed settlement agreements in the Moehrl and Sitzer/Burnett buyer broker compensation class action suits public on Friday. 16, while a trial date for the Moehrl suit has yet to be set, it is expected start in early 2024. In the Sept.

Agents 405

Agents Brokerage Realtors Real Estate 405

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.

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Sellers Buyers Real Estate Contracts 459

Housing Wire

OCTOBER 30, 2023

District Court judge in Boston has endorsed a motion to stay the Nosalek buyer broker commission case , allowing the plaintiffs to join the settlement agreements reached by Anywhere and RE/MAX in two separate multi-billion dollar commission lawsuits, Moehrl and Sitzer/Burnett.

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Realtors Real Estate Buyers Sellers 395

Housing Wire

NOVEMBER 10, 2023

Noticeably missing from the list is the National Association of Realtors. In mid-October, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves.

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Real Estate Brokerage Sellers Law 480

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

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Agents Buyers Realtors Sellers 447

Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. Barton also touched upon the terms of NAR’s settlement agreement.

Agents 391

Agents Real Estate Contracts Real Estate Agent 391

Housing Wire

APRIL 11, 2024

Nothing was off the table when National Association of Realtors (NAR) President Kevin Sears joined NextHome CEO James Dwiggins and chief strategy officer Keith Robinson on this week’s episode of their “Real Estate Insiders Unfiltered” podcast. But Kasper’s tenure was short-lived as she resigned in early January 2024 due to blackmail threats.

Real Estate 421

Real Estate Realtors Law Tools 421

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being.

Brokerage 455

Brokerage Real Estate Realtors Legal 455

Housing Wire

FEBRUARY 1, 2024

A final approval hearing for the two settlements has been set for May 9, 2024. Anywhere’s and RE/MAX’s settlement agreements in the Sitzer/Burnett, Nosalek and Moehrl suits have received preliminary approval from Judge Stephen Bough, who over saw the Sitzer/Burnett trial.

Agents 493

Agents Realtors Real Estate Agent Real Estate 493

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 470

Agents Brokerage Advertising Real Estate 470

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 470

Real Estate Advertising Agents Realtors 470

Housing Wire

DECEMBER 19, 2023

15, 2024, to file a statement of interest, if the court wishes to hear the department’s views before making a decision about granting preliminary approval. Thus, MLS PIN would continue to organize and facilitate brokers’ blanket, unilateral offers of compensation to buyer brokers.” Leal also asked Saris to give the DOJ until Feb.

Real Estate Agent 394

Real Estate Agent Real Estate Buyers Realtors 394

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. Goldberg , the trade group’s current CEO, is currently set to retire at the end of 2024, closing out his 30-year career at NAR.

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Law Legal Human Resources Realtors 394

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 443

Agents Technology Housing Market Training 443

Housing Wire

FEBRUARY 15, 2024

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. But MLS PIN has nonetheless adopted a similar rule that requires listing brokers to offer a blanket, unilateral offer of compensation to buyer agents in order to submit a listing to MLS PIN.

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Brokerage Real Estate Agent Buyers Real Estate 398

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. With the guidance of your trusted REALTOR®, you can be prepared to handle anything and bring your transaction to a smooth close. So, what do you, as a seller, do in this scenario?

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Inspection Sellers Buyers Agents 69

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. An attorney offers valuable protection and knowledge for you as a buyer. The attorney will advocate on your behalf as a buyer to include the most favorable terms to protect you.

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Real Estate Legal Law Contracts 69

Housing Wire

MAY 9, 2024

26, 2024. “We As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 million , $55 million and $70 million , respectively. So far, the NAR settlement is the only one that has been granted preliminary approval. Its final approval hearing is slated for Nov.

Brokerage 387

Brokerage Realty Sellers Real Estate 387

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. Your first step is to find a REALTOR® who has experience in estate sales.

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Tenants Realtors Legal Real Estate 50

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. SEE ALSO: 7 best real estate classes in Ohio for 2024 Beyond the required 120 hours of education, spend some extra time studying for the exam.

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Real Estate Real Estate Agent Brokerage Agents 417