Remove Brokerage Remove Clients Remove Realtors Remove Realty
article thumbnail

Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Plus, we both recognized the important role that Realtors play in helping people achieve the American Dream.”

Realty 421
article thumbnail

Judge approves brokerage commission lawsuit settlement agreements

Housing Wire

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. and the Plaintiffs.” Such extraordinary action would be inappropriate.” This story is developin g.

Brokerage 384
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nevada real estate firms hit with second commission lawsuit

Housing Wire

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

article thumbnail

Copycat commission lawsuits filed in Florida, Pennsylvania

Housing Wire

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 432
article thumbnail

Court allows Gibson and Umpa suits to consolidate

Housing Wire

National Association of Realtors , et al., The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions.

Realtors 418
article thumbnail

Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

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 421
article thumbnail

Lynn Walsh, Top Producing REALTOR® Joins Lamacchia Realty

Lamacchia Realty

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