Remove Business Remove Realtors Remove Sellers Remove Training
article thumbnail

“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

Training 403
article thumbnail

Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

“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.”

Realtors 432
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

RE/MAX to lean on high agent productivity during turbulent times

Housing Wire

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 395
article thumbnail

NAR “sets the record straight” on commissions

Housing Wire

After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record straight.” The internet can be a tool, but it is not a replacement for the essential services agents who are Realtors provide.

article thumbnail

Lynn Walsh, Top Producing REALTOR® Joins Lamacchia Realty

Lamacchia Realty

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Lynn has such an impressive business and I looking forward to watching her take it to an even higher level under our system, as I know she will.

Realty 74
article thumbnail

The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In settling this lawsuit, Real joins Compass , the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. “We We chose to settle this lawsuit to direct our energy to our agent community,” CEO Tamir Poleg said in a statement. “We

Brokerage 381
article thumbnail

LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5% said sales will go up more than 5%; and 25.2%

Mortgage 372