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 461

Brokerage Real Estate Realtors Legal 461

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.” Westside MLS. 17, 2020, and the present.

Realtors 530

Realtors Brokerage Realty Real Estate 530

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. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

Real Estate 436

Real Estate Realtors Realty Brokerage 436

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 405

Realty Realtors Real Estate Brokerage 405

Housing Wire

JANUARY 9, 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. 5, 2020, and the present.

Realty 462

Realty Realtors Real Estate Real Estate Agent 462

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

Realty 427

Realty Realtors Brokerage Real Estate 427

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 The National Association of Realtors has also reached a nationwide settlement of the commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25

Brokerage 463

Brokerage Realty Real Estate Agents 463

Housing Wire

MARCH 7, 2024

In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. 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.

Realty 413

Realty Real Estate Realtors Brokerage 413

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 430

Brokerage Agents Legal Realty 430

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 462

Brokerage Agents Real Estate Buyers 462

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 417

Sellers Brokerage Real Estate Realtors 417

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 It is really going to go backwards.

Brokerage 417

Brokerage Real Estate Agents Sellers 417

Housing Wire

APRIL 24, 2024

National Association of Realtors , et al., Defendants in the Gibson suit include NAR, Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate.

Realtors 409

Realtors Real Estate Brokerage Law 409

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 469

Real Estate Realtors Realty Real Estate Agent 469

Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. It dehumanizes Realtors and turns us into money-making machines.”

Realtors 437

Realtors Law Agents Real Estate 437

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 416

Realty Real Estate Law Brokerage 416

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 Lisa Chinatti, the broker-owner of Chinatti Realty , doesn’t share Lamacchia’s optimism.

Open Houses 475

Open Houses Brokerage Agents Realtors 475

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 427

Agents Legal Realtors Clients 427

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 407

Real Estate Realtors Realty Buyers 407

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 404

Buyers Realty Real Estate Realtors 404

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 404

Law Agents Brokerage Buyers 404

Housing Wire

NOVEMBER 27, 2023

The defendants in the lawsuit include the usual big-name real estate players, such as the National Association of Realtors , HomeServices of America , Keller Williams , RE/MAX , Christie’s International Real Estate , Anywhere , Compass , Engel & Völkers and HomeSmart.

Real Estate 446

Real Estate Real Estate Agent Sellers Realty 446

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 452

Law Brokerage Advertising Real Estate 452

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. Sloane Square , and Sotheby’s International Realty Affiliates. Noticeably missing from the list is the National Association of Realtors. HousingWire reached out to all 26 brokerage defendants in the lawsuit. is safe from a commission lawsuit.

Real Estate 469

Real Estate Brokerage Sellers Law 469

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. Hart cited two strategic acquisitions, Realty Austin in Texas and DPP in California, as part of its growth strategy. Revenue decreased by 10% year over year to $1.34 billion as transactions declined 12% over the quarter, driven by macroeconomic factors.

Agents 402

Agents Real Estate Agent Realtors Brokerage 402

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 408

Real Estate Sellers Realtors Brokerage 408

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 415

Realtors Real Estate Real Estate Agent Buyers 415

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. The Madison, New Jersey-based conglomerate whose name brands include Corcoran , Sotheby’s International Realty , and Coldwell Banker , among others, posted $23 million in net income for the first three months of 2022.

Mortgage 370

Mortgage Brokerage Agents Real Estate Agent 370

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 436

Agents Advertising Real Estate Buyers 436

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. The days of door opening are over.

Agents 446

Agents Brokerage Advertising Real Estate 446

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Accepted by the court on Oct.

Real Estate 427

Real Estate Sellers Realtors Real Estate Agent 427

Housing Wire

AUGUST 28, 2023

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I

Realtors 454

Realtors Realty Brokerage Design 454

Housing Wire

NOVEMBER 16, 2021

In the first nine months of this year the National Association of Realtors (NAR) has collected $229.6 million to the Realtors Political Action Committee. One board member asked how much of the dues go to legal defense. million in membership dues from 1.542 million members, who are mostly real estate agents and brokers.

Real Estate Agent 394

Real Estate Agent Agents Real Estate Realtors 394

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Contracts 144

Contracts Legal Realtors Agents 144

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

Buyers 475

Buyers Contracts Real Estate Agents 475

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Agents 364

Agents Real Estate Real Estate Agent Realty 364

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Agents 366

Agents Real Estate Real Estate Agent Realty 366