Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 379

Buyers Contracts Agents Realtors 379

Housing Wire

MAY 3, 2024

“While there are a lot of factors currently affecting the real estate market, one thing remains constant: RE/MAX agents leverage their skills, experience and competitive advantages to serve as many customers as they can,” said Erik Carlson , who was appointed as the firm’s CEO in November. He noted that the average RE/MAX agent closed 11.8

Agents 361

Agents Real Estate Training Buyers 361

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.

Real Estate 323

Real Estate Legal Brokerage Clients 323

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 391

Contracts Brokerage Law Real Estate Agent 391

Housing Wire

OCTOBER 2, 2023

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. After what the firm described as “careful deliberation,” Redfin will begin “requiring our brokers and agents to leave NAR everywhere we can. In leaving NAR, the brokerage said it will explore other ways to achieve those goals.

Brokerage 376

Brokerage Agents Realtors Legal 376

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 394

Contracts Brokerage Law Real Estate Agent 394

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 389

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. As of Jan.

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Buyers Contracts Real Estate Agents 470

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. The day started with video depositions of four real estate brokerage executives.

Law 419

Law Agents Realtors Contracts 419

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. 2] DID YOU KNOW?

Real Estate Agent 396

Real Estate Agent Real Estate Agents Brokerage 396

Housing Wire

SEPTEMBER 25, 2023

MV Realty operated in 33 states and has more than 500 real estate agents. The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts.

Realty 442

Realty Real Estate Agent Legal Agents 442

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. I actually do still believe in our organization.

Realtors 418

Realtors Agents Brokerage Contracts 418

Housing Wire

MAY 3, 2021

“Rather than adapting to Zillow’s changes, REX has fabricated a massive industry-wide conspiracy, claiming that Zillow has ‘locked arms’ with NAR to inflate broker agent commissions,” reads the opposition paper, filed in Washington federal court in Seattle. REX replied to the legal filing in a company statement Monday.

Brokerage 382

Brokerage Agents Advertising Legal 382

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Contracts 126

Contracts Legal Realtors Agents 126

Housing Wire

MARCH 11, 2022

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

Real Estate 343

Real Estate Realty Real Estate Agent Legal 343

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

Realty 388

Realty Real Estate Law Brokerage 388

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

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 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

NOVEMBER 3, 2023

But, there are steps that both brokers and agents can take to minimize the damage of a worst-case scenario. billion in commissions they paid to buyers’ agents in the past eight years. Will they still use a buyers’ agent to find a house? ” If it does, he says, “It becomes about who has the best marketplace.

Real Estate 310

Real Estate Brokerage Buyers Property Management 310

Housing Wire

NOVEMBER 30, 2023

From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

Real Estate 394

Real Estate Real Estate Agent Brokerage Agents 394

Housing Wire

FEBRUARY 16, 2024

As an example, the DOJ cites Northwest MLS (NWMLS), which no longer requires listing agents to make offers of buyer broker compensation in order to list a property. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed.

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Sellers Buyers Real Estate Contracts 424

Housing Wire

DECEMBER 26, 2023

You’ll need to complete 75 hours of prelicensing classes to get licensed as a real estate agent in North Carolina. Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. When you buy through our links, we may earn a commission.

Real Estate 390

Real Estate Real Estate Agent Design Law 390

Housing Wire

AUGUST 31, 2023

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

Contracts 403

Contracts Brokerage Business Training 403

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. The disputes involve Californian brokerage shops Kevron Investments Inc. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. .

Contracts 370

Contracts Brokerage Investing Mortgage 370

Listing Spark

SEPTEMBER 1, 2023

As you gain experience in the industry, you learn that you might not need the comprehensive support of an in-person real estate agent. Instead, investor-friendly brokerages are a better fit for your goals. Most important is a brokerage that’s built for investment deals , not one that only works with conventional homeowners.

Investors 36

Investors Brokerage Real Estate Agent Real Estate 36

Empire Appraisal Group

JULY 1, 2021

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.

Agents 78

Agents Appraisal Real Estate Realtors 78

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. Caballero is like any real estate listing agent, on the hunt for clients. So that those agents will bring their buyer to the builder. Ben Caballero.

Realtors 339

Realtors Real Estate Agent Agents Real Estate 339

Raleigh Realty

MARCH 23, 2021

The founder of forsalebyowner.com used a Real Estate Agent to sell his home after trying to sell it himself and failing to do so - imagine that. There are pros and cons to going the for sale by owner route, but it is strongly advised to work with a trusted real estate agent throughout the process.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State. That’s a longer program than in most states.

Real Estate 383

Real Estate Real Estate Agent Agents Brokerage 383

Housing Wire

MAY 3, 2021

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space.

Agents 393

Agents Brokerage Real Estate Agent Real Estate 393

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 406

Realtors Contracts Real Estate Agents 406

Housing Wire

MAY 2, 2024

The former eXp Realty agent at the center of the firm’s current legal battles involving sexual assault allegations has filed his own lawsuit against the brokerage, which accuses founder Glenn Sanford of defaming him during the firm’s Q3 2023 earnings call in November 2023.

Agents 343

Agents Realty Law Brokerage 343

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Housing Wire

DECEMBER 23, 2021

Real estate agents in New York City — and across the country — are cheering for Florance. StreetEasy has been biting the hand that feeds it for too long,” said Frederick Peters, CEO of New York City brokerage Warburg Realty. CoStar is a great, agent-centric alternative.”. “I

Brokerage 357

Brokerage Agents Real Estate Real Estate Agent 357

McKissock

SEPTEMBER 20, 2021

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. 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.”

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Listing Spark

JANUARY 15, 2024

Many real estate investors who don’t want to pay an agent to represent them deal with even more issues, ranging from lack of access to industry resources to paying for services they don’t really need. The role a brokerage plays in the process of buying and selling real estate winds through most of these challenges.

Brokerage 36

Brokerage Investors Investing Real Estate 36