Housing Wire

AUGUST 7, 2023

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. In mid-May 2022, REX ceased its brokerage operations. REX chose to use Zillow’s services to advertise their for-sale properties on Zillow – for free.

Advertising 369

Advertising Law Brokerage Sellers 369

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

Advertising 410

Advertising Legal Law Real Estate 410

Housing Wire

NOVEMBER 16, 2023

The firm’s website advertises that it specializes in personal injury lawsuits. This explains why Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer/Burnett suit, chose to sue a whole different group of corporate brokerages in the Gibson lawsuit he filed just hours after the Sitzer/Burnett verdict was announced.

Law 458

Law Brokerage Advertising Real Estate 458

Housing Wire

MARCH 25, 2024

Cooperative compensation is still legal,” Papasan stressed. From there, the executives went on to address questions of where and how agents could advertise offers of cooperative compensation. There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.”

Agents 441

Agents Advertising Real Estate Buyers 441

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We Almost any time in history the U.S.

Agents 450

Agents Brokerage Advertising Real Estate 450

Housing Wire

MAY 3, 2021

REX replied to the legal filing in a company statement Monday. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales. Zillow and NAR can’t continue to stifle consumer choice,” the statement read.

Brokerage 384

Brokerage Agents Advertising Legal 384

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it. I would suggest that there has always been change.

Realtors 431

Realtors Agents Real Estate Logistics 431

Housing Wire

NOVEMBER 1, 2023

While much of the call was given over to discussion of the Sitzer/Burnett suit, to which Zillow is not a party, none of the call featured discussions of the REX Real Estate false advertising lawsuit, in which Zillow, the only defendant, emerged triumphantly less than a month ago.

Real Estate 458

Real Estate Advertising Agents Realtors 458

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

OCTOBER 25, 2023

Based on this testimony, Ketchmark said that part of the conspiracy is that the brokerage defendants have an economic incentive to enforce this rule so they make money on the buy side of real estate transactions. It’s in the best interest of the seller to have as many buyers as possible.”

Sellers 421

Sellers Realtors Agents Buyers 421

McKissock

MAY 15, 2023

Consider establishing side businesses such as home inspection, staging, and perhaps even brokerage. (It Consider the cost of advertising. If you’re taking over an existing business—especially if you’re working primarily with banks—your advertising budget will probably be small. A bad marketing program is money down the drain.

Business 71

Business Appraisal Advertising Real Estate 71

Housing Wire

APRIL 3, 2024

CoStar has not been quiet about its goal to surpass Zillow, even running a series of advertisements during this year‘s Super Bowl to boost brand awareness. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4% on the day of the NAR settlement announcement.

Real Estate 457

Real Estate Agents Buyers Business 457

McKissock

AUGUST 5, 2020

According to RISMedia , in 2015, the vast majority of FSBOs who couldn’t sell their homes on their own eventually listed with real estate brokerages. A 2016 Florida Realtors® forum asked: “Can a Realtor® advertise his/her home for sale as a FSBO with no intention of actually selling, but to only attract buyers for the agent’s services?”

Advertising 95

Advertising Realtors Real Estate Agents 95

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. What are the Cons of Selling a Home For Sale By Owner? This may be a themed open house that involves food, entertainment, etc.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

DECEMBER 23, 2021

StreetEasy has been biting the hand that feeds it for too long,” said Frederick Peters, CEO of New York City brokerage Warburg Realty. In a 2018 article, The Real Deal chronicled CoStar’s legal war waged against Xceligent , once CoStar’s biggest rival for commercial property listings.

Brokerage 409

Brokerage Agents Real Estate Real Estate Agent 409

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 12 requires honesty and truthfulness in all real estate communications (including with clients) and certain disclosures when advertising and marketing to the public.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

The Robert Weiler Company

SEPTEMBER 23, 2020

While the services offered by property managers range from company to company, below are some of the typical tasks of a property manager: Ensure that your property remains rented or leased at all times; this can be accomplished by providing advertising, interviewing/screening, and tenants’ placement.

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Property Management Tenants Investing Legal 142

CA Realty Training

JUNE 28, 2021

Tip #3: Advertise. Generally, you can advertise your listing through four avenues. . If you are working with a brokerage, advertise there. Regardless of the amount, you are legally obligated to present all offers you receive to your sellers. Don’t forget to spread the good news about your new listing.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Advertising 36

Housing Wire

SEPTEMBER 3, 2021

Federal judge Thomas Zilly issued a written order Thursday that found the complaint by real estate brokerage REX plausibly claims, “brokerages, agents, and even customers have no choice but to comply with NAR’s so-called optional rules.”. How Your Brokerage Can Evolve to Meet Ever-Changing Industry Forces.

Brokerage 441

Brokerage Agents Real Estate Legal 441

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Dallas typically charge 6% commissions, this is 6% of the final sales price of the home. If you are paying a service or agent and they are not advertising your listing on the MLS, you should run away as fast as possible. Pricing: REX advertises a flat 2.5% MLS Listing. 0 reviews) 4.5/5

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in San Antonio typically charge 6% commissions, this is 6% of the final sales price of the home. If you are paying a service or agent and they are not advertising your listing on the MLS, you should run away as fast as possible. Pricing: REX advertises a flat 2.5% MLS Listing. 0 reviews) 4.5/5

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Houston typically charge 6% commissions, this is 6% of the final sales price of the home. If you are paying a service or agent and they are not advertising your listing on the MLS, you should run away as fast as possible. Pricing: REX advertises a flat 2.5% MLS Listing. 0 reviews) 4.5/5

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Austin typically charge 6% commissions, this is 6% of the final sales price of the home. If you are paying a service or agent and they are not advertising your listing on the MLS, you should run away as fast as possible. Pricing: REX advertises a flat 2.5% MLS Listing. 0 reviews) 4.5/5

Realtors 36

Realtors Real Estate Advertising Agents 36

Housing Wire

JANUARY 30, 2024

BH: Many agents I have spoken with say they don’t have a strong desire to be a NAR member but maintain their membership either for access to their local MLS, or because it is or was a requirement of their brokerage. How are you hoping to create a trade organization that people genuinely want to be a part of? Umansky: 100%.

Agents 409

Agents Real Estate Realtors Real Estate Agent 409

Housing Wire

FEBRUARY 23, 2022

Discount brokerage REX Homes (Real Estate Exchange, Inc.) filed a motion on Thursday in federal district court in Seattle challenging the legality of the National Association of Realtors’ claims that REX pushes false advertising, which the trade group alleged in a countersuit filed late last month.

Legal 370

Legal Advertising Brokerage Realtors 370

The Robert Weiler Company

DECEMBER 9, 2022

While commercial agents are trained and capable of working for a client in either position, it’s considered a conflict of interest for an agent to act as the buying and selling agent for one transaction; however, the practice is legal in some states. These professionals represent the property seller.

Real Estate Agent 78

Real Estate Agent Realtors Real Estate Agents 78

Housing Wire

OCTOBER 10, 2023

For lenders and brokerages, the risks of LOs or agents overstepping are high. More vexing for lenders and brokerages is that RESPA rules remain unclear, despite recent guidance from regulators and the existing consent orders. And that’s the point of advertising,” Selden said.

Real Estate Agent 450

Real Estate Agent Loan Officers Real Estate Agents 450