Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

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Brokerage Real Estate Agent Real Estate Clients 369

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In mid-May 2022, REX ceased its brokerage operations. In a verdict announced late Friday afternoon, a jury in a U.S.

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Housing Wire

JANUARY 26, 2024

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. The Brokerage Defendants also serve an essential role in the conspiracy by executing the conspiracy’s objectives on the ground,” the complaint states. “In

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Brokerage Realty Realtors Sellers 394

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Real Estate Realtors Legal 436

Housing Wire

DECEMBER 8, 2023

While this lawsuit is certainly not the only one making collusion allegations against many of the large national brokerages, it has one of the more robust lists of local brokerages as defendants. AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint.

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Brokerage Realty Real Estate Agent Real Estate 425

Housing Wire

APRIL 22, 2024

In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits.

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Agents Brokerage Legal Real Estate 383

Housing Wire

APRIL 10, 2024

The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value. The same institution also stated that it initiated or ordered appraisals when it added borrowers’ information into a lender’s software.

Brokerage 372

Brokerage Mortgage Development Insurance 372

Housing Wire

OCTOBER 31, 2023

During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates.

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Brokerage Realtors Sellers Buyers 545

Housing Wire

APRIL 15, 2024

In the past few weeks, 11 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza and Jack Levine — took legal action against the real estate brokerage by filing seven separate class-action lawsuits.

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Brokerage Legal Agents Real Estate 378

Real Estate News

MARCH 8, 2023

Brokerages of all sizes are exposed to legal and regulatory threats and need to be proactive. Lawsuits aren't just a risk for large, national firms.

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Brokerage Legal 249

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

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Brokerage Real Estate Lending Mortgage 395

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.

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Brokerage Agents Real Estate Buyers 386

Housing Wire

JANUARY 29, 2024

As for the defendants, real estate brokerages River Point Realty , Bovard-Anderson , Priority Realty , Rubinoff Realty Services and Found It PA were added in the amended complaint. The addition of the five local brokerages is not the only recent change to the list of defendants. District Court for the Western District of Pennsylvania.

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Brokerage Realty Real Estate Real Estate Agent 338

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program.

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Brokerage Legal Agents Realty 496

Real Estate News

SEPTEMBER 22, 2023

The brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.

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Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

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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. An incentive to go back to Keller Williams remained.

Brokerage 427

Brokerage Agents Legal Real Estate 427

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I It is going to go back to the way it was many, many years ago, when each brokerage had their own three-ring binder with their own listings in it,” Danzey said. “It It is really going to go backwards.

Brokerage 409

Brokerage Real Estate Agents Sellers 409

Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program. Moulder, David L. Bueker, Robert E.

Brokerage 345

Brokerage Legal Agents Contracts 345

Inman

APRIL 19, 2024

There's been a heapin' helpin' of new developments in the commission lawsuits. Here's how to pivot and be ready for whatever comes next.

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Housing Wire

AUGUST 3, 2023

This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. Lopez, who joined @properties in November 2022 as Director of Legal, has proven herself as a key member of the leadership team for @properties and Christie’s International Real Estate.

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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. I think it’s exactly what real estate agents need and what the industry has not been able to offer until now,” Berkin said in a statement.

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Real Estate Agent Real Estate Agents Brokerage 444

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. UWM sued Kevron Investments Inc.,

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Mortgage Law Brokerage Legal 338

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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Real Estate News

SEPTEMBER 11, 2023

Indie brokerage network LeadingRE has a new COO, chief legal officer; marketing platform Addressable taps Opendoor exec as COO; Women's Council names new CEO.

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Legal Brokerage Marketing 283

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. UWM is the largest U.S.

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Mortgage Legal Advertising Loan Officers 308

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

Buyers 427

Buyers Brokerage Agents Sellers 427

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 361

Brokerage Realtors Real Estate Law 361

Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. While this is certainly not the only lawsuit Redfin has been named a defendant in, it is the first suit in which it is named as the sole real estate brokerage defendant. Filed on Tuesday in U.S. 2, 2019, and Oct.

Realtors 391

Realtors Legal Agents Brokerage 391

Housing Wire

JANUARY 16, 2024

Northern California’s copycat commission lawsuit , known as Grace after its lead plaintiffs, has gained five additional defendants.

Brokerage 387

Brokerage Realtors Realty Real Estate 387

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 367

Real Estate Brokerage Training Agents 367

Inman

APRIL 8, 2024

The company specifically referenced a pending legal settlement that could lead to a number of changes in the way agents and brokerages make money, saying that the importance of communicating the profession’s value to consumers is paramount.

Legal 154

Legal Brokerage Agents Technology 154

Housing Wire

JULY 19, 2023

Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. Sometimes, the initiation of a commission claim is met with a retaliatory claim that the agent or brokerage did something wrong. Confirm that your brokerage documents (e.g.,

Real Estate 318

Real Estate Legal Brokerage Clients 318

Housing Wire

JANUARY 2, 2024

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” “Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

Sellers 402

Sellers Brokerage Real Estate Realtors 402

Housing Wire

APRIL 23, 2024

While the settlement protects roughly 1 million NAR members and hundreds of real estate brokerages nationwide, it does not provide protection for firms that recorded more than $2 billion in residential transaction volume in 2022, meaning that the nation’s largest brokerages are not protected.

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Realtors Brokerage Agents Real Estate 300

Housing Wire

APRIL 24, 2024

Realty ONE Group International has joined six other real estate brokerages in settling the commission lawsuits. Chicago-based At World Properties also announced on Wednesday that it has settled the commission lawsuits , joining Anywhere , RE/MAX , Keller Williams , Compass and The Real Brokerage.

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Realty Real Estate Brokerage Realtors 393

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. Zilly also pointed out the unlike other brokerage, Zillow continued to display REX’s listings. In mid-May 2022, REX ceased its brokerage operations.

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