Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. 17, 2020, and the present.

Realtors 511

Realtors Brokerage Realty Real Estate 511

Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. million fine.

Realty 370

Realty Mortgage Brokerage Real Estate 370

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 386

Real Estate Real Estate Agent Brokerage Agents 386

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.

Contracts 389

Contracts Brokerage Law Real Estate Agent 389

Housing Wire

APRIL 11, 2024

Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain. The DOJ always had that card up its sleeve.”

Real Estate 417

Real Estate Law Realtors Legal 417

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. JND Legal Administration is in charge of distributing the mailers, emails and press releases. Millions are expected to be sent out across America. “If

Agents 401

Agents Legal Realtors Clients 401

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Real Estate 438

Real Estate Real Estate Agent Sellers Realty 438

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

Real Estate 406

Real Estate Brokerage Sellers Law 406

Housing Wire

NOVEMBER 16, 2023

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. This also provides a window of opportunity for personal injury lawyers.

Law 412

Law Brokerage Advertising Real Estate 412

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. “We

Real Estate 422

Real Estate Real Estate Agent Realtors Buyers 422

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Revenue decreased by 10% year over year to $1.34 billion as transactions declined 12% over the quarter, driven by macroeconomic factors.

Agents 357

Agents Real Estate Agent Realtors Brokerage 357

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

Real Estate 404

Real Estate Realtors Realty Buyers 404

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.”

Buyers 387

Buyers Agents Loan Officers Real Estate 387

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 377

Property Management Real Estate Agents Brokerage 377

Housing Wire

JANUARY 11, 2024

District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. The suit was filed in late December in U.S.

Real Estate 397

Real Estate Sellers Real Estate Agent Agents 397

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 352

Real Estate Sellers Realtors Brokerage 352

Housing Wire

FEBRUARY 1, 2024

On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. The settlement settles all home seller lawsuits nationwide.

Agents 464

Agents Realtors Real Estate Agent Real Estate 464

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. Importantly, however, when an agent shows a listing that is not theirs, they must execute a buyer representation agreement.

Agents 404

Agents Advertising Real Estate Buyers 404

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Lyon & Associates , Guide Real Estate , Paul M.

Realtors 355

Realtors Real Estate Real Estate Agent Buyers 355

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. We’ve done the research for you, evaluating the many courses available to pinpoint the best real estate schools in North Carolina to help you pass the state exam and set you up for early career success.

Real Estate 383

Real Estate Real Estate Agent Design Law 383

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.,

Law 416

Law Agents Realtors Contracts 416

Raleigh Realty

FEBRUARY 4, 2022

My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller. What is Dual Agency in Real Estate? Dual agency is when a real estate agent works with the buyer and the seller on the same transaction simultaneously.

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. Of the brokerage defendants, eXp and Keller Williams were the only firms to comment on the new suit.

Realtors 436

Realtors Sellers Buyers Real Estate 436

Housing Wire

NOVEMBER 13, 2023

Over the past three years, the title industry has seen the rapid proliferation of title and real estate JVs and ABAs , however, many industry professionals believe that mortgage and title JVs and ABAs will become more popular if the number of real estate agents shrinks due to the outcomes of the commission lawsuits. “I

Insurance 399

Insurance Real Estate Agents Real Estate Agent 399

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 423

Clients Agents Buyers Sellers 423

Housing Wire

JANUARY 26, 2024

Like he did in the Sitzer-Burnett trial, Ketchmark referenced brokerage training materials and speeches given by CEOs like Gary Keller of Keller Williams , in which commissions are discussed. He is constantly undermining what Realtors do, and undermining the value of a real estate agent or Realtors.”

Realtors 422

Realtors Law Agents Real Estate 422

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 427

Real Estate Agent Loan Officers Real Estate Agents 427

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.

Real Estate 376

Real Estate Real Estate Agent Agents Brokerage 376

Housing Wire

FEBRUARY 9, 2021

These are major reasons behind the difficulty of innovating in consumer real estate. How to Diversify Your Brokerage to Weather Economic Hardship. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. But are you doing it within the rules?

Real Estate 464

Real Estate Agents Technology Sellers 464

Appraisal Buzz

SEPTEMBER 26, 2022

Unaffected by special or creative financing or sales concessions granted by anyone associated with the sale” . the price represents the normal consideration for the property sold enabled by unrestricted special and creative financing provided by commissioned salespeople.”. Typically motivated. Well-informed or well-advised.

Market Value 321

Market Value Sellers Buyers Finance 321

The Robert Weiler Company

JANUARY 2, 2021

Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. On the flip side, a land contract is the sale of a property, where the seller finances the deal.

Contracts 143

Contracts Tenants Legal Sellers 143

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 13 prevents a Realtor® from practicing law or recommending a lawyer to any party requiring legal counsel.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Listing Spark

JANUARY 15, 2024

Real estate investors face a lot of challenges, even in Texas markets that are showing a strong ROI for flips and sales. Some of the dominant challenges in the recent real estate market are financing or upfront capital requirements, deciding on a liquidation strategy, and dealing with market fluctuations.

Brokerage 36

Brokerage Investors Investing Real Estate 36

CA Realty Training

JUNE 16, 2021

A real estate license doesn’t mean you can only be a real estate agent. Meeting these requirements ensures that you can get hired at a real estate brokerage and service clients. Step #2: Enroll in an Accredited Real Estate School. Once it arrives, you can sign with a brokerage.

Property Management 38

Property Management Tenants Real Estate Brokerage 38

Housing Wire

MARCH 14, 2022

Never in her decades-long career did Giguiere think she might be responsible for monitoring and reporting potential criminal activity in the real estate market. “It It is just ridiculous to put that on real estate agents and companies,” Giguiere said. That is not the role of a real estate agent.

Real Estate 402

Real Estate Insurance Law Real Estate Agent 402

Housing Wire

OCTOBER 31, 2023

Courthouse that the future of real estate agent commissions could potentially be decided. “I A lot of people, a lot of association, a lot of brokerages across the country rely on the MLS, which has been connected to NAR. It’s at the Charles Evans Whittaker U.S. I just don’t see it,” he said. “As

Agents 428

Agents Buyers Sellers Realtors 428