Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Then HOUS [ Anywhere Real Estate ] has a lot of run-of-the-mill agents, with some strong ones at Corcoran and Coldwell Banker.

Brokerage 441

Brokerage Agents Realtors Real Estate 441

Housing Wire

MAY 9, 2024

After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements.

Brokerage 382

Brokerage Realty Sellers Real Estate 382

Housing Wire

FEBRUARY 14, 2024

I am a big believer in developing a brand for your real estate business from Day One. I’m talking about more than naming yourself John Doe Realty and ripping a logo off of Canva. The power of branding in real estate In the real estate world, there’s a prevailing belief that “You are the brand” as an agent.

Real Estate Agent 424

Real Estate Agent Real Estate Agents Brokerage 424

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. Freedom must pay $1.75

Realty 370

Realty Mortgage Brokerage Real Estate 370

Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. On August 16, 2023, the IALC — the voice of Keller Williams Realty, Inc.’s

Brokerage 493

Brokerage Legal Agents Realty 493

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

Brokerage 454

Brokerage Real Estate Realtors Legal 454

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

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I More off-MLS listings?

Brokerage 414

Brokerage Real Estate Agents Sellers 414

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. Century 21 Barefoot Realty shares an office with the Harrelson Group. and 5:30 a.m.

Real Estate 365

Real Estate Realty Real Estate Agent Legal 365

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit. The lawsuit was originally filed in U.S.

Brokerage 422

Brokerage Realtors Realty Real Estate 422

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 jury verdict came to $1.76 billion in damages.

Brokerage 457

Brokerage Agents Real Estate Buyers 457

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.

Legal 235

Legal Realty Brokerage 235

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. brokerage that has saved consumers more than $1.5 As part of the settlement agreement, Redfin has agreed to pay $9.25 As the only U.S.

Brokerage 451

Brokerage Realty Real Estate Agents 451

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. A copycat commission lawsuit has been filed in Los Angeles. It was filed on Wednesday in U.S. District Court in Los Angeles.

Realtors 528

Realtors Brokerage Realty Real Estate 528

Housing Wire

MARCH 7, 2024

District Court of Nevada in early January 2024, the Whaley suit (like other commission lawsuits) accuses real estate industry players of colluding to artificially inflate agent commissions. In late January, however, Whaley filed an amended complaint that added Opendoor and 14 other real estate firms to the suit.

Realty 404

Realty Real Estate Realtors Brokerage 404

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. In a copycat suit filed last Friday in U.S. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.”

Realty 457

Realty Realtors Real Estate Real Estate Agent 457

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. 31, 2023 , Douglas Elliman had $119.8

Brokerage 418

Brokerage Agents Legal Realty 418

Housing Wire

FEBRUARY 6, 2024

In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit. Defendants in other copycat commissions suits have been dismissed.

Realty 400

Realty Realtors Real Estate Brokerage 400

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.

Realty 409

Realty Real Estate Law Brokerage 409

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. More home sellers on the East Coast are getting in on the commission lawsuit action. Both lawsuits are seeking class-action status.

Realty 424

Realty Realtors Brokerage Real Estate 424

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. The lawsuit is seeking class action status for everyone in the U.S. 27, 2019, and the present.

Sellers 413

Sellers Brokerage Real Estate Realtors 413

Housing Wire

OCTOBER 6, 2023

The terms of Anywhere Real Estate ‘s $83.5 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.

Buyers 424

Buyers Brokerage Agents Sellers 424

Housing Wire

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a lawsuit against Freedom Mortgage Corporation for allegedly violating the Home Mortgage Disclosure Act (HMDA) and a 2019 consent order by submitting legally required mortgage loan data that “was riddled with errors.” Freedom must pay $1.75

Brokerage 393

Brokerage Realty Real Estate Loan Officers 393

Housing Wire

APRIL 24, 2024

The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions. The Umpa suit was filed in late December 2023 by a Maryland home seller.

Realtors 396

Realtors Real Estate Brokerage Law 396

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. 8, 2019, and the present.

Real Estate 464

Real Estate Brokerage Sellers Law 464

Housing Wire

NOVEMBER 1, 2023

The real estate industry as agents and brokers know it has been turned upside down. However, real estate brokers across the country have already begun preparing themselves, their firms and their agents for the worst. Lisa Chinatti, the broker-owner of Chinatti Realty , doesn’t share Lamacchia’s optimism. “I

Open Houses 471

Open Houses Brokerage Agents Realtors 471

Housing Wire

NOVEMBER 3, 2023

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million (down from $4.4 million in Q3 2022).

Buyers 398

Buyers Realty Real Estate Realtors 398

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.”

Real Estate Agent 399

Real Estate Agent Real Estate Agents Brokerage 399

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. This system, with its veiled surcharges, illegally warps the real estate market.”

Real Estate 441

Real Estate Real Estate Agent Sellers Realty 441

Housing Wire

MARCH 8, 2024

Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group. Lisa is super on the pulse.

Agents 421

Agents Legal Realtors Clients 421

Housing Wire

NOVEMBER 16, 2023

Due to this, Marx Sterbcow, the managing partner at Sterbcow Law Group , fears the real estate industry may be in for a “death by a thousand cuts.” “I I think it is just a matter of time until the copycat lawsuits are in every state going after every brokerage,” Lisa Chinatti, the broker-owner of Chinatti Realty , said. “I

Law 443

Law Brokerage Advertising Real Estate 443

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 429

Agents Advertising Real Estate Buyers 429

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. When asked about the allegations that real estate companies and professionals conspired to raise or stabilize commissions, she replied: “It is absolutely untrue.”

Law 396

Law Agents Brokerage Buyers 396

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. Almost any time in history the U.S.

Agents 441

Agents Brokerage Advertising Real Estate 441

Housing Wire

DECEMBER 20, 2023

After almost five years of litigation, it is clear that Keller Williams Realty, Inc. Like the other commission lawsuits, the plaintiffs in the Moehrl suit allege that the real estate industry has colluded to artificially inflate real estate agent commissions.

Real Estate 395

Real Estate Sellers Realtors Brokerage 395

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents. Realogy generated $1.6

Mortgage 369

Mortgage Brokerage Agents Real Estate Agent 369

Housing Wire

NOVEMBER 8, 2023

The Missouri judge who oversaw the landmark Sitzer/Burnett real estate commission lawsuit will also preside over the Gibson lawsuit brought by Michael Ketchmark, who represented the plaintiffs in Sitzer/Burnett. One of the named defendants has a very different business model than the more traditional brokerages named in Sitzer/Burnett.

Real Estate 423

Real Estate Sellers Realtors Real Estate Agent 423