Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. Led by Mike DelRose Sr., Mike DelRose Jr.

Realty 383

Realty Brokerage Real Estate Clients 383

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.” 17, 2020, and the present.

Realtors 489

Realtors Brokerage Realty Real Estate 489

Housing Wire

APRIL 22, 2024

Real estate executives disagree on many things, but nearly everyone agrees that the terms of the National Association of Realtors’ commission lawsuit settlement agreement , if approved by the court (a big if), would generate significant change within the industry.

Brokerage 318

Brokerage Agents Real Estate Buyers 318

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 351

Brokerage Realtors Realty Real Estate 351

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. Such an outcome, many predict, could eventually force a disassociation between the Realtor-owned MLSs and the NAR mothership.

Realtors 367

Realtors Agents Real Estate Real Estate Agent 367

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

Realtors 405

Realtors Law Agents Real Estate 405

Housing Wire

APRIL 23, 2024

(Photo Credit: AJ Canaria) While industry leaders may be taking a more optimistic view on some of the changes triggered by the commission lawsuits and how the National Association of Realtors settled them, they still feel strongly that changes to the commission structure will have an overall negative impact on consumers. “I

Brokerage 292

Brokerage Sellers Buyers Agents 292

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 382

Real Estate Realtors Realty Brokerage 382

Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. Secret deals’ The NWMLS board of directors made the decision to opt out at its most recent meeting, the organization said Tuesday.

Sellers 474

Sellers Buyers Brokerage Realtors 474

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.

Brokerage 403

Brokerage Realtors Agents Clients 403

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 350

Brokerage Realtors Agents Design 350

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 347

Realty Realtors Real Estate Brokerage 347

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. The Minnesota-headquartered firm had $133.8

Brokerage 425

Brokerage Agents Real Estate Buyers 425

Housing Wire

FEBRUARY 21, 2024

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. At issue are the NAR’s rules and policies that govern MLSs, which are enforced by local Realtor associations that own the MLSs.

Brokerage 326

Brokerage Realtors Real Estate Law 326

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

Realtors 301

Realtors Agents Inventory Modernization 301

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

Buyers 513

Buyers Agents Real Estate Agent Real Estate 513

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 461

Real Estate Realtors Realty Real Estate Agent 461

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 402

Real Estate Realtors Realty Buyers 402

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.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

APRIL 17, 2024

Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward. The broader impact of the National Association of Realtors (NAR) settlement is still unfolding. reflecting ongoing adjustments in the market.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

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. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

Real Estate Agent 401

Real Estate Agent Loan Officers Real Estate Agents 401

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.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Legal 418

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 356

Realtors Legal Agents Brokerage 356

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% This is down 2.1%

Realtors 395

Realtors Agents Brokerage Inventory 395

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 390

Real Estate Brokerage Sellers Law 390

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

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 461

Open Houses Brokerage Agents Realtors 461

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 328

Realtors Real Estate Real Estate Agent Buyers 328

Housing Wire

APRIL 8, 2024

Analysts at investment bank Keefe, Bruyette & Woods believe that the Department of Justice will intervene in Sitzer/Burnett commission lawsuit after receiving the green light to reopen its investigation into the National Association of Realtors. Circuit Court of Appeals in D.C.

Real Estate 457

Real Estate Realtors Agents Brokerage 457

Housing Wire

MARCH 20, 2024

Last week, the National Association of Realtors (NAR) announced a settlement agreement in the Sitzer Burnett case that would take effect in July. The settlement in no way establishes a standard or limitation on Realtors for what they may charge, nor services they elect to deliver. Here’s the truth. Here’s the truth. We will again.

Sellers 450

Sellers Real Estate Realtors Realty 450

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 446

Buyers Brokerage Agents Realtors 446

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 423

Realtors Sellers Buyers Real Estate 423

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.”

Brokerage 376

Brokerage Agents Realtors Legal 376

Housing Wire

OCTOBER 3, 2023

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. According to industry analyst Rob Hahn, NAR has won all but one lawsuit requiring Realtor association membership for MLS access.

Realtors 285

Realtors Brokerage Agents Real Estate 285

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 385

Law Brokerage Advertising Real Estate 385

Housing Wire

JANUARY 31, 2024

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” The internet can be a tool, but it is not a replacement for the essential services agents who are Realtors provide.

Real Estate Agent 410

Real Estate Agent Real Estate Realtors Agents 410

Housing Wire

APRIL 24, 2024

Rising Stars have impressive professional momentum, and are building reputations for driving growth and change while making those around them better. Take a look below to see this year’s list of honorees. Congratulations to the 2024 Rising Stars! Name Job Title Company Name A.T.

Real Estate 423

Real Estate Realty Realtors Project Management 423