Housing Wire

JANUARY 5, 2024

The conference is slated for Thursday, May 9, 2024, at 10 a.m., million, respectively, as well as make changes to how their agents practice real estate, including no longer requiring agents to belong to the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook.

Agents 425

Agents Realtors Real Estate Clients 425

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. The class encompasses home sellers across 20 local MLSs. Damages in the suit could reach $13.7 billion — or $41.1

Real Estate Agent 402

Real Estate Agent Realtors Real Estate Sellers 402

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.

Legal 422

Legal Real Estate Agents Realtors 422

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 412

Realtors Real Estate Legal Law 412

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 391

Realtors Real Estate Agent Real Estate Brokerage 391

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 392

Agents Real Estate Training Buyers 392

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 479

Buyers Contracts Real Estate Agents 479

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 393

Real Estate Sellers Realtors Brokerage 393

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 431

Realtors Agents Brokerage Contracts 431

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 403

Agents Brokerage Realtors Real Estate 403

Housing Wire

MARCH 27, 2024

HomeServices of America first filed its motion to decertify the class in early January 2024. 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 411

Law Sellers Realtors Contracts 411

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.

Realty 431

Realty Realtors Brokerage Real Estate 431

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 473

Agents Realtors Real Estate Agent Real Estate 473

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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. Nearly six months later, Murray stands by this assertion.

Sellers 421

Sellers Buyers Real Estate Agents 421

Housing Wire

MAY 9, 2024

26, 2024. “We We will continue to focus on what we do best: empowering real estate entrepreneurs so they can deliver exceptional value to their clients.” Its final approval hearing is slated for Nov. RE/MAX and Anywhere did not immediately return a request for comment.

Brokerage 384

Brokerage Realty Sellers Real Estate 384

Housing Wire

FEBRUARY 16, 2024

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. Additionally, Keller Williams announced earlier this month that it had reached a nationwide settlement with the Sitzer/Burnett and Moehrl plaintiffs.

Sellers 432

Sellers Buyers Real Estate Contracts 432

Housing Wire

AUGUST 30, 2023

Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive. HousingWire has heard from several sources that NAR, which serves more than 1.5

Realtors 394

Realtors Realty Real Estate Design 394

Housing Wire

SEPTEMBER 6, 2023

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. The National Association of Realtors , a defendant in both lawsuits, says it is not giving up the fight.

Agents 421

Agents Buyers Realtors Sellers 421

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 450

Agents Brokerage Advertising Real Estate 450

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. Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees.

Brokerage 412

Brokerage Sellers Law Contracts 412

Housing Wire

MARCH 15, 2024

NAR said that the changes , if approved by the court, will go into effect in mid-July 2024. According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

SEPTEMBER 1, 2023

In the wake of the New York Times exposé , which revealed sexual harassment allegations and a “culture of fear” at the National Association of Realtors , the trade organization is throwing its support behind longtime CEO Bob Goldberg. By Wednesday, this effort had morphed into the NAR Accountability Project. million member trade organization.

Realty 384

Realty Design Business Realtors 384

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.

Real Estate 420

Real Estate Real Estate Agent Brokerage Agents 420

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Specifically, real estate brokers must renew their license in even-numbered years, so the next time broker license renewal applications will be due is April 30, 2024. [13] Number of Realtors in the USA by State | 2023” [link] ZipRecruiter.com.

Real Estate Agent 416

Real Estate Agent Real Estate Agents Brokerage 416

Housing Wire

MARCH 28, 2024

More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing.

HOA 461

HOA Property Management Real Estate Agent Technology 461

Housing Wire

NOVEMBER 22, 2023

More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. in question.

HOA 430

HOA Real Estate Agent Technology Real Estate 430

Housing Wire

APRIL 23, 2024

Anthony Lamacchia, Linda O’Koniewski, James Dwiggins at HousingWire’s The Gathering 2024. As it remains unknown if the GSEs will allow buyers to finance their agent fees, industry leaders highlighted the importance of brokers discussing compensation structures and the challenges that buyers are facing with their seller clients.

Brokerage 354

Brokerage Sellers Buyers Agents 354