Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

Buyers 440

Buyers Agents Real Estate Agent Clients 440

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

Inventory 488

Inventory Construction Mortgage Buyers 488

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.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

NOVEMBER 30, 2023

District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. During the hearing, Wood stated that she would be able to “try the case likely in the fourth quarter of 2024.” Ray’s point that this case should stand on its own.”

Legal 436

Legal Sellers Realtors Law 436

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. “Settlement is always an option for any party in litigation.

Buyers 505

Buyers Realtors Agents Real Estate 505

Housing Wire

OCTOBER 4, 2023

District Court in Boston granted the Department of Justice’s request to extend all settlement related deadlines in the Nosalek buyer broker compensation class action lawsuit on Tuesday. The final settlement hearing deadline is now scheduled for March 7, 2024, instead of Jan.

Buyers 427

Buyers Realtors Sellers Legal 427

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 438

Real Estate Realtors Realty Brokerage 438

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions.

Realtors 342

Realtors Sellers Buyers Appraisal 342

Housing Wire

MAY 8, 2024

Wood, who is overseeing the Batton suit as well as the Moehrl home seller commission lawsuit, said this request was “neither necessary nor appropriate.” When the settlement agreements were initially announced, it was generally understood that they only applied to claims brought by home sellers. Judge Andrea R.

Sellers 345

Sellers Realtors Brokerage Buyers 345

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 419

Inventory Agents Real Estate Sellers 419

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. Existing-home sales dropped 4.1% Looking at the four major U.S.

Inventory 423

Inventory Realtors New Listings Contracts 423

Housing Wire

APRIL 11, 2024

The Redfin-commissioned survey was conducted by Qualtrics in February 2024. Historically, commissions in real estate transactions have been negotiable, with the customary practice involving the home seller bearing the expenses for both the listing agent and the buyer’s agent. Buyers would benefit from doing the same.

Agents 446

Agents Real Estate Sellers Buyers 446

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.”

Buyers 403

Buyers Realtors Real Estate Sellers 403

Inman

NOVEMBER 16, 2023

NAR’s 2023 Profile of Home Buyers and Sellers has just been released, and it’s packed with insights that can help you take your business to the next level in 2024. According to trainer Bernice Ross, the most important insights concern your lead generation and lead conversion.

Sellers 156

Sellers Buyers Business Realtors 156

Lamacchia Realty

MAY 7, 2024

has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Mary Wood is an award-winning REALTOR® based in MetroWest closing 50-60 sales annually.

Realtors 71

Realtors Realty Real Estate Clients 71

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.

Buyers 410

Buyers Agents Loan Officers Real Estate 410

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 380

Agents Real Estate Training Buyers 380

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. 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.

Realty 455

Realty Realtors Brokerage Real Estate 455

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 381

Real Estate Sellers Realtors Brokerage 381

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.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. Market conditions recently got worse, but Redfin got better in the first quarter of 2024,” Glenn Kelman, CEO of Redfin, said in a statement. The brokerage posted revenue of $225.5 But it also reported a net loss of $66.8

Marketing 340

Marketing Brokerage Advertising Agents 340

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. According to court documents, the final approval hearing for NAR’s settlement is set for Nov.

Realtors 378

Realtors Real Estate Agent Real Estate Brokerage 378

Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Yun expects the first rate cut to come in the late spring of 2024.

Sellers 488

Sellers Buyers Mortgage Investing 488

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Laurie was featured on the 2024 Who’s Who List in Boston Agent Magazine.

Realtors 71

Realtors Realty Real Estate Agents 71

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 388

Agents Brokerage Real Estate Clients 388

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

NOVEMBER 8, 2023

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. This change does allow for listing agents to no longer offer any monetary compensation to buyers’ brokers.

Legal 413

Legal Law Sellers Agents 413

Housing Wire

NOVEMBER 10, 2023

On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. Noticeably missing from the list is the National Association of Realtors. The lawsuit is seeking class action status, with the proposed class including Manhattan home sellers who worked with an agent from one of the defendants between Nov.

Real Estate 480

Real Estate Brokerage Sellers Law 480

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. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 389

Agents Realtors Clients Real Estate Agent 389

Lamacchia Realty

MARCH 21, 2024

March 20, 2024 – Anthony Lamacchia was recently featured in Bloomberg Government regarding the National Association of REALTORS® Buyer Commission lawsuit. Anthony continues to advocate for REALTORS® and home buyers and sellers alike by speaking out.

Government 52

Government Realtors Buyers Realty 52

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.

Agents 501

Agents Real Estate Buyers Brokerage 501

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.

Sellers 448

Sellers Buyers Real Estate Agents 448

Lamacchia Realty

FEBRUARY 6, 2024

has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

NOVEMBER 1, 2023

Lamacchia Realty’s Florida Regional Vice President and Vice President of Relocation, Shane Bronson , has officially been appointed as a Florida REALTORS® Director for 2024. Lucie Board of REALTORS® where he attends local meetings and events on a regular basis. Lamacchia Realty has been serving buyers and sellers since 2006.

Realtors 72

Realtors Realty Real Estate Training 72

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?

Inspection 69

Inspection Sellers Buyers Agents 69

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. Leaders in Congress are debating another CR to keep the government funded into January 2024. America’s 1.5

Legal 370

Legal Law Insurance Real Estate 370

Lamacchia Realty

MARCH 7, 2024

has released its “Top Producing REALTORS®,” for February 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! The BAP Team is a dynamic father-daughter duo consisting of REALTORS® Jim Bapista and Cara Golson.

Realtors 71

Realtors Realty Real Estate Clients 71