Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

Realtors 414

Realtors Brokerage Agents Buyers 414

Housing Wire

JANUARY 11, 2024

For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact. Such an approach would likely tend toward a transactional, brokerage-focused revenue model.

Brokerage 415

Brokerage Real Estate Business Construction 415

Inman

AUGUST 16, 2023

Screw 'em," the Keller Williams co-founder told agents Tuesday at his Mega Agent Camp event, referring to antitrust suits involving commissions in which the brokerage is named. "I'm happy.

Agents 139

Agents Brokerage 139

Housing Wire

FEBRUARY 27, 2024

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Douglas Elliman also cites lack of jurisdiction in its motion to dismiss, stating that Douglas Elliman International and Douglas Elliman Realty are holding companies that are not licensed as real estate brokerages in Missouri or elsewhere.

Realty 367

Realty Real Estate Law Brokerage 367

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. Indeed, most other brokerages either do not provide an adjusted EBITDA figure or give one at less variance to net income. And agents who work at Compass say the brokerage gives them tools to be productive.

Brokerage 339

Brokerage Agents Real Estate Law 339

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Extremely non-white” ZIP code refers to a ZIP code in which 70% or more of the residents were non-white.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

JUNE 11, 2021

Most of the highest producing real estate agents in the country belong to an established, national brokerage. That Caballero is party to an average of 18 home sales a day, 365 days a year, is due to a system where he provides buyer references to nine different homebuilders. The brokerage placed 274 agents in the top 1,000.

Agents 427

Agents Brokerage Realty Real Estate 427

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 300

Real Estate Brokerage Buyers Property Management 300

Inman

MARCH 23, 2023

Jarret Willis, a Black agent who worked at the Hamptons-based luxury brokerage, was smeared by epithets, including "Jafar" in reference to the "Aladdin" Disney movie, a white colleague claims.

Real Estate 149

Real Estate Brokerage Agents 149

Housing Wire

DECEMBER 20, 2023

had no involvement in the issuance and or enforcement of NAR rules and that it did not impose those rules, including the Cooperative Compensation Rule, upon its franchisee brokerages or their affiliated independent contractor agents,” attorneys for Keller Williams wrote in the motion that both NAR and HomeServices joined.

Real Estate 338

Real Estate Sellers Realtors Brokerage 338

Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

Real Estate 332

Real Estate Business Brokerage Open Houses 332

Housing Wire

NOVEMBER 27, 2023

In addition to what has become the “usual allegations,” the complaint also references the Department of Justice’s investigation into NAR , as well as the Sitzer/Burnett suit as evidence of the alleged conspiracy. “Moreover, they preclude a buyer broker from presenting offers to sellers that are predicated on lowering this commission.”

Real Estate 438

Real Estate Real Estate Agent Sellers Realty 438

Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. For Steve Murray , the co-founder of RealTrends Consulting , none of these changes come as a major surprise and he said the industry should “breathe a sigh of relief.” .”

Agents 365

Agents Brokerage Realtors Real Estate 365

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Brokerage 390

Brokerage Real Estate Investors Mortgage 390

Housing Wire

APRIL 13, 2021

But, ironically, the emerging NAR-Zillow proxy battle comes three months after Zillow announced it is an NAR-member real estate brokerage. ShowingTime has about all the market after they bought Centralized Showing Service,” Fisher said, a reference to ShowingTime’s 2019 acquisition. Real estate agents and LOs: the great collaboration.

Real Estate Agent 407

Real Estate Agent Real Estate Brokerage Realtors 407

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. They were a place to start.”

Law 349

Law Agents Brokerage Buyers 349

Appraisal Buzz

NOVEMBER 19, 2021

Redfin’s Homebuyer Demand Index hit a new all-time high since at least 2017, according to a new report from Redfin , a real estate brokerage. This is a sign of strong ongoing housing demand during a time of year when the market typically slows.

Brokerage 195

Brokerage Real Estate Agents Appraisal 195

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Reached Monday, a Compass spokesperson declined to answer specific questions, instead referring to the company press release on the Glide purchase. Compass has faced allegations before of getting into competitors’ data.

Agents 361

Agents Brokerage Real Estate Agent Realtors 361

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Brokerage 311

Brokerage Real Estate Lending Clients 311

Housing Wire

MARCH 24, 2022

To be clear, with $900 million, it’s not something we need to do to raise capital,” Reffkin said in reference to the company’s fundraising numbers at the time, which eventually swelled to $1.6 The approach contrasts Compass with other full-service brokerages, including Realogy , who do not have an agent equity program.

Agents 347

Agents Brokerage Investing Business 347

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 389

Real Estate Agent Real Estate Brokerage Law 389

Housing Wire

JANUARY 13, 2022

“My Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,” said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy brokerage conglomerate. Gorman’s comments confuse me.”. Justice Department antitrust inquiry into NAR. Filed with the court on Nov.

Brokerage 329

Brokerage Real Estate Agents Real Estate Agent 329

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. DOJ has swooped into lawsuits against the National Association of Realtors and top brokerage firms.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

MARCH 22, 2021

Although the claims were made prior to Compass’s acquisition of Modus, Compass officials said the brokerage was aware of the investigation when it acquired Modus in October 2020 for approximately $50 million. The rivals were also aggrieved at the way Modus used its products to lure customers away from the other firms. billion.

Insurance 426

Insurance Real Estate Agent Brokerage Real Estate 426

Housing Wire

OCTOBER 26, 2023

The Gathering of Eagles has a decades-long track record of being the premier real estate conference catering to the who’s who of real estate brokerage owners. Colloquially referred to as The Gathering, the event will be led by Brena Nath , Makenna Clay , Mark Adams and a wildly creative and ambitious team at HW Media.

Real Estate 329

Real Estate Housing Market Brokerage Mortgage 329

Housing Wire

NOVEMBER 30, 2023

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Real Estate 373

Real Estate Real Estate Agent Brokerage Agents 373

Lamacchia Realty

MAY 11, 2021

Lamacchia Obtains Brokerage License in Maine. It was announced during company updates on Wednesday that Lamacchia Realty is officially licensed as a brokerage in Maine! As a member of Leading Real Estate Companies of the World , the Lamacchia Relocation Department never hesitated to refer clients out of state and around the globe.

Brokerage 69

Brokerage Realty Renovations Clients 69

Housing Wire

SEPTEMBER 11, 2023

In the past, we’ve always been dependent upon the real estate brokerage community, referring us to deals as loan officers,” Watanasuparp said. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals. “In

Loan Officers 374

Loan Officers Agents Retail Technology 374

Housing Wire

MARCH 21, 2024

“I’m working with a couple of brokerage firms on a multipart agent training series,” Frank Borg, a Seattle -based originator with Fairway said in a February interview.

Retail 355

Retail Mortgage Real Estate Agent Business 355

Housing Wire

AUGUST 2, 2023

The second task is to clarify that appraisers, AMCs and appraisal firms “all fall under the same protections and are referred to as ‘independent parties,’” according to Fannie Mae. The AIR update now lists these entities as “restricted parties.”

Appraisal 280

Appraisal Valuation Design Modernization 280

Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

Mortgage 367

Mortgage Real Estate Agent Loan Officers Agents 367

Housing Wire

DECEMBER 13, 2021

Technology plays a key role in managing a platform like JMG, where each real estate agent is under the JMG brokerage umbrella. “These referral closings lead to an incredible amount of increased self-generating business by those clients referring their friends and family. Managing a brokerage is a lot of work,” Mitchell said.

Real Estate 417

Real Estate Real Estate Agent Agents Clients 417

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. It’s not a commission, it’s a brokerage. Across the entire Engel & Völkers network, we refer to ourselves as advisors, not agents.

Clients 228

Clients Real Estate Open Houses Agents 228

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. The annual investment volume in the U.S.

Finance 384

Finance Investing Real Estate Agent Real Estate 384

Inman

JUNE 6, 2023

My Link My Lead will enable eXp agents to share links to eXp's national search portal and automatically refer the leads generated outside of the agent's service area, the company said.

Agents 147

Agents Realty Tools Technology 147

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. In particular, it refers to the situation where there is a common understanding in the formation of the contract. It's not as straightforward as it sounds.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Inman

AUGUST 22, 2023

Trainer and marketing expert Rachael Hite shares a few tips and tricks that you can add to your weekly routine to help you create a solid plan B for reference if the MLS happens to crash.

Marketing 128

Marketing Brokerage Agents 128