Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

Sellers 432

Sellers Agents Brokerage Real Estate 432

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

Mortgage 424

Mortgage Realtors Real Estate Marketing 424

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

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In Existing-home sales dropped 4.1% Looking at the four major U.S. All four U.S.

Inventory 402

Inventory Realtors New Listings Contracts 402

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. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

Real Estate 418

Real Estate Realtors Realty Brokerage 418

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 399

Inventory Agents Real Estate Sellers 399

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

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 class encompasses home sellers across 20 local MLSs. The suit obtained class certification in March 2023. Damages in the suit could reach $13.7 billion — or $41.1

Real Estate Agent 372

Real Estate Agent Realtors Real Estate Sellers 372

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. Opendoor did not return a request for comment.

Realty 378

Realty Real Estate Realtors Brokerage 378

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. It was sent to 2,995 U.S.

Agents 392

Agents Real Estate Sellers Buyers 392

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 65

Sellers Realtors Buyers Inventory 65

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

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 337

Agents Real Estate Training Buyers 337

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 345

Realtors Real Estate Agent Real Estate Brokerage 345

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 72

Realtors Realty Real Estate Clients 72

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. “By settling, Compass is not saying that we did anything wrong.

Brokerage 439

Brokerage Realtors Agents Clients 439

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 430

Realty Realtors Brokerage Real Estate 430

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). annually in February 2024. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January.

Inventory 448

Inventory Realtors Contracts Sellers 448

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. If recipients wish to opt out or object they must do so by April 13, 2024. It is further exasperating the negative stereotype some people have of Realtors. What do the postcards say? she asked. “It

Agents 411

Agents Legal Realtors Clients 411

Housing Wire

JANUARY 29, 2024

You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources. Check out the Utah Division of Real Estate and the Utah Association of REALTORS for up-to-date information about getting licensed and joining a brokerage in Utah in 2024.

Real Estate 362

Real Estate Real Estate Agent Agents Law 362

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 363

Real Estate Sellers Realtors Brokerage 363

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 147

Sellers Buyers Business Realtors 147

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 384

Law Sellers Realtors Contracts 384

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 471

Sellers Buyers Mortgage Investing 471

Housing Wire

NOVEMBER 30, 2023

Illinois REALTORS Best Illinois real estate school for accommodating different learning styles Overall Rating: 4.2 Unlike other real estate schools, Illinois REALTORS is also the only advocate for private property rights at the state capitol in Springfield, Illinois, and in communities across the state. out of 5 stars Rating: 4.5

Real Estate 410

Real Estate Realtors Real Estate Agent Law 410

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. Always will too,” one wrote.

Agents 372

Agents Realtors Clients Real Estate Agent 372

Lamacchia Realty

APRIL 19, 2024

April 19, 2024 – Lamacchia Realty is pleased to announce that Lynn Walsh has joined Lamacchia Realty’s Leominster office. With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts.

Realty 74

Realty Realtors Training Clients 74

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors also began allowing this under its Clear Cooperation policy in early October 2023.) According to Justin Haag, Northwest MLS’ general counsel, the new law will require brokers to enter into a written services agreement to represent either a buyer or a seller. As of Jan. As of Jan.

Legal 396

Legal Law Sellers Agents 396

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. Prior to Emerson Realtors, he co-owned Century 21 Maher Real Estate in Auburn.

Realtors 78

Realtors Realty Real Estate Brokerage 78

Housing Wire

OCTOBER 4, 2023

The final settlement hearing deadline is now scheduled for March 7, 2024, instead of Jan. In a statement of interest filed last Thursday, the DOJ noted that it had “significant concerns” about the proposed antitrust settlement agreement between home sellers and MLS Property Information Network (MLS PIN).

Buyers 406

Buyers Realtors Sellers Legal 406

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 464

Real Estate Brokerage Sellers Law 464

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 477

Buyers Contracts Real Estate Agents 477

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.

Real Estate 367

Real Estate Realtors Law Legal 367

Housing Wire

OCTOBER 6, 2023

Final court approval of the settlement is expected in early 2024. 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.” independent regions, and U.S.

Agents 485

Agents Real Estate Buyers Brokerage 485

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 431

Sellers Buyers Real Estate Contracts 431