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 Moulder, David L.

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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 million fine.

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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 440

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 455

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.

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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

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Brokerage Agents Legal Realty 387

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.

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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

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Housing Wire

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. These allegations are absurd.

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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. 17, 2020, and the present.

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Housing Wire

FEBRUARY 16, 2024

Like the other commission lawsuits, the Boykin suit is seeking class action status for anyone who listed a property on a MLS in Nevada using a listing agent affiliated with one of the brokerage defendants named in the suit and paid a buyer broker commission between Feb. 16, 2020, and the present.

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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

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Housing Wire

JANUARY 9, 2024

2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan. Similar to all of the other copycat suits filed after the Sitzer/Burnett jury verdict in late Oct. 5, 2020, and the present.

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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.,

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Sellers Brokerage Real Estate Realtors 406

Housing Wire

FEBRUARY 6, 2024

Instead the suit lists the state’s largest Realtor organizations, including Arizona Association of Realtors , Phoenix Association of Realtors , Scottsdale Area Association of Realtors , and West and Southeast Realtors of the Valley Incorporated, as well as several local and national brokerage firms, including, HomeSmart , My Home Group , Realty One (..)

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Realty Realtors Real Estate Brokerage 382

Housing Wire

FEBRUARY 27, 2024

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Hanna Holdings, Douglas Elliman, Realty ONE Group and HomeSmart International also filed motions to dismiss the suit. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

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Realty Real Estate Law Brokerage 390

Housing Wire

MARCH 7, 2024

These organizations included the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS.

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Realty Real Estate Realtors Brokerage 378

Housing Wire

NOVEMBER 1, 2023

As of today, as of tomorrow, next week, next month, two months from now, it is business as usual,” Anthony Lamacchia, broker-owner of Lamacchia Realty , said during a live episode of his Crush It YouTube show Tuesday afternoon. Lisa Chinatti, the broker-owner of Chinatti Realty , doesn’t share Lamacchia’s optimism. “I

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Housing Wire

APRIL 24, 2024

It also included NAR, Howard Hanna, Weichert Realtors, Redfin, Compass, eXp World Holdings, United Real Estate and Douglas Elliman as defendants, as well as Keller Williams , HomeServices of America , HomeSmart International, The Real Brokerage, Real Broker and Realty One Group.

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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.

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Real Estate Realtors Realty Real Estate Agent 473

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).

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Buyers Realty Real Estate Realtors 376

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. Despite not requiring NAR membership, Frazier said the brokerage does require agents to follow the NAR Code of Ethics. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 373

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.

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Agents Legal Realtors Clients 411

Housing Wire

FEBRUARY 14, 2024

I’m talking about more than naming yourself John Doe Realty and ripping a logo off of Canva. While you can develop name recognition over time, I believe that naming your team or brokerage something other than the leader’s name allows more opportunity for scale and differentiation.

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Real Estate Agent Real Estate Agents Brokerage 430

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. 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.

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Real Estate Brokerage Sellers Law 464

Housing Wire

MARCH 11, 2024

In addition to King’s departure, Keller Williams also announced that it had laid off roughly 30 employees from Keller Williams Realty International. Willis returned to Keller Williams in July after seven years away from the firm, a viral Twitter hashtag and a legal battle resulting in a temporary restraining order.

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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.

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Real Estate Realtors Realty Buyers 410

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. and 5:30 a.m.

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Real Estate Realty Real Estate Agent Legal 339

Housing Wire

DECEMBER 1, 2023

In its email, REBNY said that complaint is “laden with numerous inaccuracies regarding the RLS, the Universal Co-Brokerage Agreement, and the business of real estate.” In its email, REBNY said that complaint is “laden with numerous inaccuracies regarding the RLS, the Universal Co-Brokerage Agreement, and the business of real estate.”

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Real Estate Agent Real Estate Agents Brokerage 381

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.

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Mortgage Brokerage Agents Real Estate Agent 356

Housing Wire

NOVEMBER 27, 2023

However, this time, the robust defendant list also includes some local real estate firms, including Harry Norman Realtors , Ansley Atlanta Real Estate , Atlanta Fine Homes , Solid Source Realty , Palmerhouse Properties , Higher Tech Realty and Hamilton Dorsey Altson Company.

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Real Estate Real Estate Agent Sellers Realty 448

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.

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Law Brokerage Advertising Real Estate 424

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We The days of door opening are over. Almost any time in history the U.S.

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Agents Brokerage Advertising Real Estate 446

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.

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Agents Real Estate Agent Realtors Brokerage 367

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.

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Agents Advertising Real Estate Buyers 415

Housing Wire

DECEMBER 20, 2023

After almost five years of litigation, it is clear that Keller Williams Realty, Inc. 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.

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Real Estate Sellers Realtors Brokerage 363

Inman

JULY 5, 2023

Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023.

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