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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

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.

Brokerage 368
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Nestfully adds BeachesMLS and MIAMI Realtors SEFMLS to its database

Housing Wire

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.

Realtors 368
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9 innovative strategies to get more real estate seller leads in 2024

Housing Wire

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

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Video marketing platform Roomvu launches in the U.S. 

Housing Wire

It was a part of the 2022 REACH Canada Cohort, a technology scale-up program backed by the National Association of Realtors (NAR). By leveraging artificial intelligence to produce customizable, hyper-local videos for Realtors, Roomvu is setting a new standard for property marketing,” Thompson said. Our expansion into the U.S.

Marketing 376
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Q4 BrokerPulse: Commission lawsuits spur proactive changes for real estate brokers

Housing Wire

“We are doubling down that all fiduciary relationships with buyers and sellers be in writing and that sellers understand their rights regarding commissions,” said a Keller Williams Real Estate leader in the Northeast. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents.

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“Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

Housing Wire

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.”

Brokerage 376
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Three yards and a cloud of dust

Housing Wire

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 291