Housing Wire

JANUARY 16, 2024

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS.

Brokerage 378

Brokerage Realtors Realty Real Estate 378

Housing Wire

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. million members.

Real Estate Agent 437

Real Estate Agent Real Estate Agents Legal 437

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. Filed on Tuesday in U.S. She was also represented by a Redfin agent in the transactions. 2, 2019, and Oct. 2, 2023.

Realtors 383

Realtors Legal Agents Brokerage 383

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story.

Brokerage 444

Brokerage Agents Real Estate Buyers 444

Housing Wire

FEBRUARY 21, 2024

HomeServices of America can preserve some of its legal war chest — for now, at least. The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. Judge Andrea Wood of the U.S.

Brokerage 354

Brokerage Realtors Real Estate Law 354

Housing Wire

FEBRUARY 16, 2024

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. 16, 2020, and the present. 16, 2020, and the present. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

Real Estate 407

Real Estate Realtors Realty Brokerage 407

Housing Wire

JANUARY 10, 2024

Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit , the National Association of Realtors also filed post-trial motions. The motions were filed on Monday prior to the filing deadline, but they did not appear on the court docket until Tuesday evening.

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Legal Law Realtors Brokerage 346

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement.

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Brokerage Realtors Agents Clients 427

Housing Wire

NOVEMBER 1, 2023

With Bough’s injunction not yet known and the National Association of Realtors , Keller Williams and HomeServices of America all vowing to appeal the jury’s verdict, it’s uncertain exactly when changes will go into effect. “As I think it is just a matter of time until the copycat lawsuits are in every state going after every brokerage.

Open Houses 469

Open Houses Brokerage Agents Realtors 469

Housing Wire

MARCH 8, 2024

JND Legal Administration is in charge of distributing the mailers, emails and press releases. While it is not uncommon for the parties themselves to handle settlement administration work, legal experts told HousingWire that due to the size and scope of these lawsuits it is not surprising that a third-party administrator was brought in.

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Agents Legal Realtors Clients 401

Housing Wire

SEPTEMBER 29, 2023

On Thursday, the defendants in the suit, which now consist of only the National Association of Realtors , Keller Williams and HomeServices of America after both Anywhere and RE/MAX filed settlement agreements , filed a motion objecting to the purported withdrawal of the named plaintiffs of the eve of the trial.

Brokerage 376

Brokerage Realtors Agents Design 376

Housing Wire

FEBRUARY 6, 2024

Like the other commission lawsuits , the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

Realty 372

Realty Realtors Real Estate Brokerage 372

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. ” What’s at stake?

Buyers 449

Buyers Brokerage Agents Realtors 449

Housing Wire

OCTOBER 2, 2023

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. 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.” We love our industry.

Brokerage 376

Brokerage Agents Realtors Legal 376

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.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

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. 13, 2019, to the present.

Real Estate 404

Real Estate Realtors Realty Buyers 404

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.

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Advertising Legal Law Real Estate 393

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. And the big payouts class action attorneys say Realtors get for all that work they do? Tracy Kasper is President of the National Association of Realtors.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

Housing Wire

NOVEMBER 20, 2023

The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. Some of these provisions include no longer requiring agents to be members of the National Association of Realtors or following NAR’s Code of Ethics or the MLS Handbook.

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Legal Real Estate Agents Realtors 390

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. Who’s named?

Real Estate 406

Real Estate Brokerage Sellers Law 406

Housing Wire

NOVEMBER 30, 2023

Ethan Glass of Cooley, an attorney for the National Association of Realtors (NAR), took a different view and urged Wood to not set a date just yet, stating that it is “way premature” as the court has yet to even take motions for summary judgment, “let alone decide them.” The suit received class-action status in March 2023.

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Legal Sellers Realtors Law 405

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does.

Law 363

Law Agents Brokerage Buyers 363

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.

Real Estate 417

Real Estate Law Realtors Legal 417

Housing Wire

JANUARY 19, 2024

Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Unlike other MLSs, MetroList is not exclusively owned or operated by Realtor associations affiliated with the National Association of Realtors. Lyon & Associates , Guide Real Estate , Paul M.

Realtors 355

Realtors Real Estate Real Estate Agent Buyers 355

Housing Wire

OCTOBER 24, 2023

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team.

Realtors 410

Realtors Agents Clients Buyers 410

Housing Wire

DECEMBER 12, 2023

The National Association of REALTORS will respond to this complaint in court.” Of the brokerage defendants, eXp and Keller Williams were the only firms to comment on the new suit. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.

Realtors 436

Realtors Sellers Buyers Real Estate 436

Housing Wire

SEPTEMBER 5, 2023

We believe the settlement will remove future uncertainty with respect to the upcoming trial, potential additional claims, and legal expense, enabling Anywhere to focus on and continue delivering what’s next for agents and franchisees.

Real Estate 414

Real Estate Buyers Legal Realtors 414

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

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. The defense next called on NAR CEO Bob Goldberg to testify.

Law 416

Law Agents Realtors Contracts 416

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Cooperative compensation is still legal,” Papasan stressed. Department of Veterans Affairs (VA) financing. “A

Agents 404

Agents Advertising Real Estate Buyers 404

Housing Wire

FEBRUARY 12, 2024

Making an appearance on the defendant list are the National Association of Realtors , Anywhere and its franchise Century 21 Everest , HomeServices of America and its affiliates, RE/MAX , Keller Williams and two local franchises, Equity Real Estate , Realtypath and Windermere Real Estate Services.

Real Estate 422

Real Estate Real Estate Agent Realtors Buyers 422

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. Noticeably missing from the list is the National Association of Realtors. The anti-competitive nature of commission rule is clear when compared to other countries with competitive markets for residential real estate brokerage services.” is safe from a commission lawsuit.

Real Estate 454

Real Estate Brokerage Sellers Law 454

Housing Wire

FEBRUARY 6, 2024

On Monday, the now defunct discount brokerage filed an appeal with the U.S. In mid-May 2022, REX ceased its brokerage operations. REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. Due to this, Zilly ruled in January that REX would not be granted a new trial.

Advertising 382

Advertising Real Estate Brokerage Agents 382

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. Due to this, HomeServices said it sought to compel arbitration to determine whether the plaintiffs’ claims are arbitrable.

Contracts 389

Contracts Brokerage Law Real Estate Agent 389

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. The National Association of REALTORS® is reviewing this new filing and will respond to it in court.”

Sellers 415

Sellers Realtors Buyers Agents 415

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. The primary MLS in the area, non-Realtor owned Northwest MLS , in 2019 eliminated a requirement that listing brokers offer buyer brokers a commission to submit a listing to the MLS. Revenue decreased by 10% year over year to $1.34 Revenue was revised down to $241.20

Agents 357

Agents Real Estate Agent Realtors Brokerage 357