Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Further, compensation is set between the brokers and their clients and is always negotiable. As the trial of Burnett v. The list goes on and on.

Real Estate Agent 460

Real Estate Agent Real Estate Realtors Buyers 460

Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Compliance isn’t a topic most owners approach with enthusiasm.

Business 294

Business Marketing Law Technology 294

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 364

Realtors Real Estate Legal Law 364

Housing Wire

NOVEMBER 1, 2023

“I think it will come down to the individual brokers to get the damages, and that kind of money will put a significant amount of the brokers out of business,” the Berkshire Hathaway HomeServices Drysdale Properties broker-owner said. This doesn’t have some immediate impact on the way that we conduct business.” I do believe they will.

Open Houses 467

Open Houses Brokerage Agents Realtors 467

Housing Wire

DECEMBER 12, 2023

In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states. The National Association of REALTORS will respond to this complaint in court.”

Realtors 431

Realtors Sellers Buyers Real Estate 431

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 406

Realtors Agents Brokerage Contracts 406

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 413

Brokerage Realtors Agents Clients 413

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 350

Brokerage Real Estate Agent Real Estate Clients 350

Housing Wire

MARCH 25, 2024

Cooperative compensation The vast majority of questions addressed on the call dealt with whether or not buyer’s representation was going away, and how agents will get paid for the services they provide to clients. Cooperative compensation is still legal,” Papasan stressed.

Agents 388

Agents Advertising Real Estate Buyers 388

Housing Wire

MAY 8, 2024

Lastly, Reffkin noted that since the Sitzer/Burnett jury verdict and the announcement of the National Association of Realtors’ nationwide commission lawsuit settlement agreement in March, the industry has not seen any rapid changes in consumer behavior. “We We are not hearing from agents that any of these numbers are coming down.”

Agents 344

Agents Brokerage Real Estate Clients 344

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

Legal 346

Legal Real Estate Real Estate Agent Law 346

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. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

Realty 362

Realty Real Estate Law Brokerage 362

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

Realtors 64

Realtors Agents Real Estate Agent Real Estate 64

Housing Wire

APRIL 23, 2024

The integration of Matterport to Homes.com will allow homebuyers to view properties online, helping agents to provide even more value to their clients. Florance expressed confidence in CoStar’s business model, particularly in light of the recent commission lawsuit settlement by the National Association of Realtors.

Real Estate 294

Real Estate Advertising Legal Brokerage 294

Housing Wire

APRIL 24, 2024

“Settling these claims today allows us to move beyond a very costly litigation process and focus our full time, energy and resources on what matters most: our agents, affiliate brokerages, staff and clients,” Mike Golden, the co-CEO of @properties and Christie’s International Real Estate, said in a statement.

Brokerage 280

Brokerage Real Estate Agents Sellers 280

Housing Wire

FEBRUARY 14, 2022

In July, the National Association of Realtors reported that 87% of its over 1.5 A Redfin spokesperson said that the company has attracted agents, “Who love customer service, and would rather spend their time working with clients than drumming up new business or doing administrative tasks,” a claim that rang true with Goldberg. “I

Business 363

Business Brokerage Real Estate Agent Agents 363

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. As of Jan.

Buyers 466

Buyers Contracts Real Estate Agents 466

Housing Wire

MAY 1, 2024

Just six months ago, when a Missouri jury found HomeServices of America, Keller Williams and the National Association of Realtors (NAR) liable for colluding to artificially inflate real estate agent commissions , the industry’s path forward was very murky. billion in damages, as well as what the judge’s final ruling would look like.

Realtors 331

Realtors Real Estate Agent Real Estate Brokerage 331

Housing Wire

MARCH 29, 2024

The association notes in the draft of its proposed brief that its interest in the “proposed settlement stems from the fact, as DOJ highlights, that “several pending cases” are adjudicating MLSs’ adoption of the mandatory-compensation rule of the National Association of Realtors or similar policies.”

Sellers 413

Sellers Real Estate Buyers Contracts 413

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. agent count.

Agents 332

Agents Real Estate Training Buyers 332

Housing Wire

FEBRUARY 1, 2024

“We came to the decision to settle with careful consideration for the immediate and long-term well-being of our agents, our franchisees, and the business models they depend on. Our Keller Williams family needs and deserves protection now, not later,” Keller wrote.

Agents 468

Agents Realtors Real Estate Agent Real Estate 468

Housing Wire

DECEMBER 29, 2021

Caballero is like any real estate listing agent, on the hunt for clients. But instead of individual homesellers his clients are homebuilding companies including Toll Brothers , Trophy Signature Homes , and Historymaker Homes. We are not a business to consumer company. We are business to business.

Realtors 309

Realtors Real Estate Agent Agents Real Estate 309

Housing Wire

MARCH 1, 2023

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. managing director of Opteon, said in the statement. managing director of Opteon, said in the statement.

Appraisal 324

Appraisal Valuation Technology Real Estate 324

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

AUGUST 9, 2022

Agents and business owners are tackling their most manual, redundant and time-consuming workflow processes. Any number of small and start-up technology providers have thrived during that period, and title business owners are no longer debating whether or not to automate. Now combine that with “The Great Resignation.”.

Technology 455

Technology Business Agents Clients 455

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

Real Estate 398

Real Estate Brokerage Sellers Law 398

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Overview of NAR Code of Ethics: Articles 1–13.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

NOVEMBER 17, 2023

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy. I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

Training 353

Training Realtors Agents Real Estate 353

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 446

Realtors Realty Brokerage Design 446

Housing Wire

NOVEMBER 13, 2023

And this one, “If not for the Realtors rule, many buyers wouldn’t use brokers or would negotiate lower commissions. It does not happen (speaking as someone who has bought and sold nearly a dozen homes, aways used a Realtor, and not once could I increase the price to cover the real estate commission or other closing costs).

Real Estate 345

Real Estate Realtors Agents Buyers 345

Housing Wire

MAY 15, 2023

Click here to nominate a female leader in the industry — a client, colleague, boss or friend — it can even be you! From driving business growth to building high-performing teams and impacting public policy, the women recognized each year are setting a new standard for what it means to be a true leader in housing.

Legal 343

Legal Realtors Lending Clients 343

Housing Wire

AUGUST 9, 2022

I graduated high school quite early and I ended up being a title clerk there for a while before going to university, where I got a degree in business. I like that title has a legal aspect to it, but I also like that we are able to talk to people and get to know them a bit through their transaction. Luna: I definitely stumbled into it.

Real Estate Agent 365

Real Estate Agent Real Estate Insurance Business 365

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 More off-MLS listings?

Brokerage 395

Brokerage Real Estate Agents Sellers 395

Housing Wire

AUGUST 30, 2023

Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive. HousingWire has heard from several sources that NAR, which serves more than 1.5

Realtors 360

Realtors Realty Real Estate Design 360

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.

Agents 432

Agents Brokerage Advertising Real Estate 432

Housing Wire

MARCH 15, 2024

NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out. Caccia said that 80% of his business comes from buyers’ agents.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

NOVEMBER 2, 2023

While much remains unknown in the wake of the verdict in the Sitzer/Burnett commission lawsuit case, the one certainty is that all three defendants — National Association of Realtors , HomeServices of America and Keller Williams — all plan to appeal. This matter is not close to being final.

Law 384

Law Realtors Real Estate Brokerage 384