Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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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.

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Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. Alper’s complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. Moulder, David L.

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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.

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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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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.

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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.

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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. It is kind of like dating,” Sax said.

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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.

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Housing Wire

OCTOBER 2, 2023

Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.” In leaving NAR, the brokerage said it will explore other ways to achieve those goals. Despite this decision, Redfin said that in roughly half of the U.S.,

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Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers. LOs on average get about 1%.)

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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.

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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. million real estate licensees in the U.S.,

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Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. It has resulted in the company filing at least two lawsuits in California related to the matter.

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The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? While a land contract might be ideal for you, there are important details you need to know, first.

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Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. 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.

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Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

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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.

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Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. District Court in Boston, the Nosalek suit alleges that MLS PIN, Keller Williams , RE/MAX , Anywhere and HomeServices of America colluded to artificially inflate real estate agent commissions.

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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. annualized decline in U.S. increase in agent count outside of the U.S. and Canada to 64,322 agents.

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Housing Wire

AUGUST 31, 2023

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. 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.

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Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs. Fannie Mae, Freddie Mac and the U.S.

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Buyers Agents Loan Officers Real Estate 393

Housing Wire

APRIL 5, 2024

The brokerage firm argued that if these settlements are rejected or challenged, the math for the final judgement amount would change. In addition, the brokerage firm noted that it does not have an immediate interest in appeal as they are still dealing with their post-trial motions.

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Brokerage Sellers Law Contracts 414

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.

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Brokerage Agents Advertising Legal 382

Housing Wire

NOVEMBER 3, 2023

Chip Stella, a LandVest broker, is in the camp that believes brokerage provisions no longer requiring NAR membership will have an impact on membership numbers, but he isn’t sure how large it will be. Well, last I checked, Colorado still has a record number of Realtor members and last I checked, California still has 162,000 Realtor members.”

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Listing Spark

SEPTEMBER 1, 2023

Real estate investors operate differently than conventional buyers and sellers, especially to get the 26.9% 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.

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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. Article 9 requires all agreements related to real estate transactions to be written, understandable, and contain all obligations of the parties.

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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. And are these numbers for real? As for the numbers…they are kind of real. Caballero is like any real estate listing agent, on the hunt for clients.

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Realtors Real Estate Agent Agents Real Estate 392

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. Here are 12 questions that will help you avoid the bad actors in your search for a great real estate agent. How long have you been working as a real estate agent?

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Raleigh Realty

MARCH 23, 2021

We would imagine it's the same in most real estate markets around the country as we have found the same to be true of homes for sale in Charlotte as well. 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.

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Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Real Estate Insurance Law Real Estate Agent 404

Will Springer Realtor

JANUARY 3, 2023

Supreme Court decision ruled the covenants as enforceable contracts. A violation of the rules could lead to both the eviction of the new property owner and legal consequences against the seller. Scott Real Estate has been an active participant in this effort. It marked the first such movement in a major U.S.

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Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. We learned the hard way about the control that the NAR maintains over the entire residential real estate industry.

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Realtors Contracts Real Estate Agents 414

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?

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Contracts Real Estate Agent Sellers Real Estate 36

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

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Real Estate Real Estate Agent Law Inspection 414

The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. As such, there is no better time than now to seek out commercial real estate in Columbus, Ohio. Make Sure Your Commercial Real Estate Investment Pays Off with 5 Tips.

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Investing Real Estate Tenants Investors 138

Empire Appraisal Group

JULY 1, 2021

Appraisers are an integral part of the real estate sales process. Bradley says some real estate pros give her a spreadsheet of the multiple offers on the property. “We a residential real estate appraisal firm based in St. 5 Appraisal Topics Every Agent Should Know. They’ll figure out what to use.

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