Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 425

Real Estate Real Estate Agent Brokerage Agents 425

Housing Wire

FEBRUARY 16, 2024

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. NAR’s insurance policy is tapped out, and there are no funds available for REALTOR Associations and MLSs for legal defense costs,” Hahn wrote.

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Insurance Realtors Legal Design 544

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 411

Realty Real Estate Realtors Brokerage 411

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. JND Legal Administration is in charge of distributing the mailers, emails and press releases. If recipients wish to opt out or object they must do so by April 13, 2024.

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Agents Legal Realtors Clients 429

Housing Wire

APRIL 16, 2024

The second Batton suit was filed in November 2023, just days after the jury verdict in the Sitzer/Burnett suit was announced, and the defendants include Compass , eXp World Holdings , Redfin , Weichert Realtors, United Real Estate , Howard Hanna and Douglas Elliman.

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Real Estate Realtors Law Legal 404

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Real Estate Agent Real Estate Agents Brokerage 418

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 394

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. During CoStar’s earnings call on Tuesday, Florance insisted that consumers and advertisers prefer a real estate portal with digital twins. “We

Real Estate 359

Real Estate Advertising Legal Brokerage 359

Housing Wire

MAY 3, 2024

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Per the preliminary settlement approval process, Aug.

Sellers 458

Sellers Legal Buyers Realtors 458

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 411

Real Estate Agent Realtors Real Estate Sellers 411

Housing Wire

APRIL 23, 2024

The plaintiffs kept moving the finish line and I was sad as president of the National Association of Realtors not to be able to protect everybody, but at the end of the day we realized we need to be able to protect the most people that we can, and in this proposed settlement, that was what we were able to do,” Sears said.

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Realtors Brokerage Agents Real Estate 406

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. million for the first time since May 2021.

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Realtors Finance Agents Legal 373

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. A licensed agent since 1994, Sears is a second-generation real estate professional. Charlie Baker.

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Realtors Real Estate Legal Law 416

Housing Wire

NOVEMBER 20, 2023

RE/MAX and Anywhere Real Estate can breathe a sigh of relief. 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. The terms of the settlement agreements require RE/MAX and Anywhere to pay $55 million and $83.5

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Legal Real Estate Agents Realtors 427

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% to 143,287 agents. million in Q1 2023.

Agents 402

Agents Real Estate Training Buyers 402

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.

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Realtors Real Estate Agent Real Estate Brokerage 401

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.

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Law Real Estate Real Estate Agent Legal 397

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%. We are a company of top agents.”

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Agents Brokerage Real Estate Clients 415

Housing Wire

JANUARY 10, 2024

Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit , the National Association of Realtors also filed post-trial motions. In order to allow the defendants and plaintiffs time to file opposition briefs and responses, a final ruling on the injunction is not expected until May of 2024.

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Legal Law Realtors Brokerage 398

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The settlement agreements reached by RE/MAX and Anywhere are scheduled to have final court approval hearing in early May, 2024.

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Brokerage Realtors Agents Clients 456

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 429

Agents Realtors Real Estate Clients 429

Housing Wire

APRIL 23, 2024

The National Association of Realtors (NAR) can breathe a small sigh of relief. A final approval hearing for the settlement has been set for November 2024. The court will hold a final approval hearing for the settlement agreements reached by Anywhere , RE/MAX and Keller Williams in May 2024.

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Realtors Agents Buyers Legal 479

Housing Wire

MARCH 31, 2023

Boston-based Notarize will soon finally be able to execute a digital real estate closing in its home state of Massachusetts. Governor Maura Healey on Wednesday signed legislation legalizing remote online notarizations ( RON ) to all notaries in the commonwealth. The law goes into effect on January 1, 2024.

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Law Legal Real Estate Technology 375

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. In an email, Marla Martin, a spokesperson for Florida Realtors, said the trade group was working on a statement about the allegations.

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Realty Realtors Brokerage Real Estate 432

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 402

Real Estate Sellers Realtors Brokerage 402

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. The commission is working on recommendations for changes within the organization.

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Real Estate Realtors Law Tools 426

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.

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Buyers Contracts Real Estate Agents 479

Housing Wire

MAY 21, 2024

At a status hearing on Tuesday for the Nosalek commission lawsuit, a lawyer for the Department of Justice said the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement represented “an improvement.”

Agents 427

Agents Realtors Government Legal 427

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. Final court approval of the settlement is expected in early 2024.

Agents 485

Agents Real Estate Buyers Brokerage 485

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

Agents 407

Agents Brokerage Realtors Real Estate 407

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 458

Real Estate Advertising Agents Realtors 458

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.

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Real Estate Legal Law Contracts 67

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 462

Brokerage Real Estate Realtors Legal 462

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. is safe from a commission lawsuit.

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Real Estate Brokerage Sellers Law 473

Housing Wire

MAY 8, 2024

Keller Williams reached a settlement agreement in early February 2024. The National Association of Realtors’ settlement agreement will not be considered for final approval on Thursday as its final approval hearing date is set for Nov.

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Sellers Realtors Brokerage Buyers 377

Housing Wire

FEBRUARY 1, 2024

A final approval hearing for the two settlements has been set for May 9, 2024. It allows us all to turn our attention back to what we do best: delivering unparalleled value in an ever-evolving real estate market,” he added. The jury awarded full damaged of $1.7

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Agents Realtors Real Estate Agent Real Estate 473

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. Eighty-percent of all real estate transactions across the U.S.

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Agents Real Estate Contracts Real Estate Agent 414