Housing Wire

MARCH 4, 2024

housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. In our dedication to providing the full picture to housing professionals across the U.S.

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Realtors Real Estate Housing Market Brokerage 376

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. Before joining Path & Post, Smith was a Realtor , broker and partner at LOCAL Realty North ATL for three years.

Brokerage 360

Brokerage Realtors Realty Real Estate 360

Housing Wire

OCTOBER 25, 2023

First Team Real Estate , the largest independent brokerage in California , left Christie’s International Real Estate , the company first told Inman on Wednesday. Additionally, the independent brokerage is enabling its agents to market luxury listings on Luxury Portfolio International , a company First Team helped create.

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Brokerage Real Estate Agent Real Estate Agents 366

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

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Brokerage Realty Real Estate Agent Real Estate 425

Housing Wire

MARCH 14, 2024

With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association. Learn more about HousingWire subscriptions here.

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Realtors Real Estate Agents Housing Market 325

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Inman

DECEMBER 6, 2023

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

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Realtors Brokerage 196

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. If added together, Nestfully’s five MLSs have 343,000+ agent and brokerage subscribers.

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Realtors Brokerage Agents Real Estate 354

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 422

Brokerage Real Estate Realtors Legal 422

Housing Wire

SEPTEMBER 7, 2023

Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. With the Realtor count close to 1.6 million, according to the National Association of REALTORS , that’s a mean average of 13 agents per firm.

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Brokerage Real Estate Realtors Agents 324

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.

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Brokerage Realty Real Estate Real Estate Agent 321

Housing Wire

OCTOBER 4, 2021

Over half of Realtors said that social media was their top lead-generating technology tool, according to a new survey report from the National Association of Realtors. With 30% of brokerage business coming from referrals and repeat customers, it is critical for agents to build and maintain relationships with their clients.

Realtors 470

Realtors Agents Brokerage Technology 470

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.

Advertising 377

Advertising Brokerage Real Estate Legal 377

Housing Wire

NOVEMBER 20, 2023

billion dollar damages claim assessed against the National Association of Realtors , Keller Williams and HomeServices , I wondered what impact this could have economically on the industry. I decided to break down the numbers and look at brokerage economics. While reading about the $1.8 according to RTC Consulting data.

Brokerage 332

Brokerage Real Estate Agent Agents Real Estate 332

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 371

Brokerage Realtors Realty Real Estate 371

Housing Wire

MARCH 24, 2023

Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. These four brokerage companies did just over $20 billion in residential gross commission revenue, which shows steady growth in a down market,” said RealTrends Senior Advisor Steve Murray. “In of all Realtors.

Brokerage 383

Brokerage Real Estate Realty Agents 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.

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Realtors Brokerage Realty Real Estate 501

Inman

APRIL 17, 2024

Real estate software and marketing services firm Reliance built a new website for Hegg Realtors, South Dakota’s most tenured brokerage.

Brokerage 107

Brokerage Real Estate Realtors Marketing 107

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.”

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Realtors Law Agents Real Estate 421

Housing Wire

JULY 1, 2021

So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Brokerages largely waved the white flag in building competing home listings sites. The post Real estate brokerages: Tech won’t ruin us appeared first on HousingWire.

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Real Estate Brokerage Technology Agents 407

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.

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Real Estate Realtors Realty Brokerage 401

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.

Real Estate 374

Real Estate Brokerage Agents Advertising 374

Housing Wire

MARCH 28, 2022

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know more about? This has created an environment of scarcity.

Realtors 331

Realtors Real Estate Agent Marketing Advertising 331

Housing Wire

FEBRUARY 12, 2024

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions. In that context, Clever Real Estate released a study unveiling the average Realtor commission in every state. The company surveyed 630 real estate agents across the country.

Real Estate Agent 387

Real Estate Agent Realtors Real Estate Brokerage 387

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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Brokerage Real Estate Agents Sellers 402

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 422

Brokerage Realtors Agents Clients 422

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 465

Realty Realtors Real Estate Real Estate Agent 465

Housing Wire

DECEMBER 4, 2023

Coldwell Banker Danforth , a Seattle-based Coldwell Banker franchise, won’t renew its National Association of Realtors (NAR) affiliation at the beginning of 2024, the company announced on Friday. Earlier in October, national real estate brokerages Redfin , Anywhere and RE/MAX took a step back from NAR.

Brokerage 401

Brokerage Realtors Agents Design 401

Inman

JANUARY 17, 2024

Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions.

Realtors 175

Realtors Realty Real Estate Brokerage 175

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 425

Realty Realtors Brokerage Real Estate 425

Real Estate News

MARCH 5, 2024

The 17,000-member association speaks out, saying it will “vigorously defend” two lawsuits targeting NAR, Nevada associations and MLSs, and brokerages.

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Realtors Brokerage 183

Housing Wire

APRIL 16, 2024

Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. The data spanning from 2009 to 2023 reveals a notable correlation between the total real estate transactions in the USA, termed national transactions , and the movement of agents between brokerages.

Real Estate Agent 433

Real Estate Agent Real Estate Agents Brokerage 433

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 367

Brokerage Realtors Agents Design 367

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 363

Realty Realtors Real Estate Brokerage 363

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 343

Brokerage Realtors Real Estate Law 343

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 329

Real Estate Agent Real Estate Agents Brokerage 329

Housing Wire

APRIL 17, 2024

The plaintiffs who signed the contract, however, sued a non-signatory parent company of the signatory brokerages, which “asserted liability based on the non-signatory’s relationship with its subsidiary.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

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Contracts Brokerage Law Real Estate Agent 375