Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission.

Realtors 437

Realtors Real Estate Agent Real Estate Sellers 437

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. 1, 1996 through the present, purchased in the United States residential real estate that was listed on an NAR MLS.”

Real Estate 424

Real Estate Realtors Sellers Agents 424

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 431

Real Estate Real Estate Agent Realtors Buyers 431

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation is still legal,” Papasan stressed. The executives said they received more than 150 questions.

Agents 423

Agents Advertising Real Estate Buyers 423

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 423

Brokerage Realty Real Estate Agent Real Estate 423

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. 17, 2020, and the present. A copycat commission lawsuit has been filed in Los Angeles.

Realtors 524

Realtors Brokerage Realty Real Estate 524

Housing Wire

NOVEMBER 8, 2023

Like the Sitzer/Burnett, Moehrl and Nosalek lawsuits, the Gibson suit accuses the defendants of conspiring to inflate real estate agent commissions in violation of the Sherman Antitrust Act. Redfin was likely named because its salaried agents offer standard commission rates to buyer brokers.

Real Estate 421

Real Estate Sellers Realtors Real Estate Agent 421

Housing Wire

JANUARY 11, 2024

Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In

Real Estate 415

Real Estate Sellers Real Estate Agent Agents 415

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 380

Real Estate Sellers Realtors Brokerage 380

Housing Wire

NOVEMBER 9, 2023

The jury reached an outcome that was neither supported by the law nor the facts that were presented in this case,” Kasper said in a video posted Thrusday. The verdict runs contrary to what we all know about the value we bring not only to our clients but to the functioning of a buyer-seller real estate market more generally,” Kasper said.

Agents 421

Agents Legal Sellers Clients 421

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. commission ($10,250) to the buyer broker.” 5, 2020, and the present.

Realty 457

Realty Realtors Real Estate Real Estate Agent 457

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. “In 13, 2019, to the present.

Real Estate 404

Real Estate Realtors Realty Buyers 404

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. Defendants’ conspiracy inflated buyer broker commissions, which in turn inflated the total commissions paid by Class Members. 18, 2020, and the present.

Realtors 384

Realtors Real Estate Real Estate Agent Buyers 384

Hank Miller Team

NOVEMBER 16, 2022

Here’s a fun fact, real estate agents in GA have no fiduciary responsibility to their client or customer. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. Are Real Estate Agents in GA Fiduciaries? Some may ask, “what does that mean”?

Real Estate Agent 52

Real Estate Agent Real Estate Agents Clients 52

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I We’ve really been laying out the road map for value propositions and creating plans for value proposition presentations. They wish that there was more guidance or framework of what all of this will look like in practice.”

Brokerage 412

Brokerage Real Estate Agents Sellers 412

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S.

Realtors 441

Realtors Sellers Buyers Real Estate 441

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions. How big could this case be?

Real Estate 413

Real Estate Brokerage Sellers Law 413

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue.

Law 423

Law Agents Realtors Contracts 423

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 399

Property Management Real Estate Agents Brokerage 399

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

Real Estate 408

Real Estate Real Estate Agent Brokerage Agents 408

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present. More home sellers on the East Coast are getting in on the commission lawsuit action.

Realty 423

Realty Realtors Brokerage Real Estate 423

Lamacchia Realty

AUGUST 15, 2023

WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer? Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. In many cases, a home can be sold within days.

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Buyers Real Estate Agent Real Estate Realty 57

Housing Wire

SEPTEMBER 22, 2023

These two changes were also proposed in an anonymous letter from NAR staffers, presented by NAR Regional Vice President Shannon King during a committee meeting on Monday. “We represent all levels of management, in both D.C. and Chicago,” the letter, which was first reported on by Inman News , states.

Law 389

Law Legal Human Resources Realtors 389

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Buyers may walk away from the purchase.

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Renovations Buyers Appraisal Investing 221

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. And are these numbers for real? So that those agents will bring their buyer to the builder. I never talk to a buyer.

Realtors 357

Realtors Real Estate Agent Agents Real Estate 357

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry.

Real Estate 316

Real Estate Brokerage Buyers Property Management 316

CA Realty Training

JUNE 28, 2021

Explain to your sellers how their property should be presentable for their prospects. . This way, it will be easier for the buyers to imagine themselves living in the property. It will allow you to make the necessary repairs to the home or give you a list of disclosures for the buyer. . Other Real Estate Agents.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Advertising 36

Housing Wire

AUGUST 4, 2022

We work with eight or nine different lenders to make sure that we have a full product suite to provide to the end buyer [homebuyer via the new mortgage brokerage], whether they’re looking for jumbo loans or VA [Veterans Affairs] loans or bridge loans,” Kasle said. “We Presented by: Axis Technical Group.

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Brokerage Real Estate Lending Mortgage 393

Raleigh Realty

MARCH 23, 2021

We would imagine it's the same in most real estate markets around the country as we have found the same to be true of homes for sale in Charlotte as well. Buyers want to work with the best local Realtors® to help them when buying a home because it is such a large financial purchase with so many different components involved.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Housing Wire

JULY 12, 2022

A certification lightens the legal liability of bias. Alternative appraisals, however, rely more on objective data and an “arm’s-length” process between the appraiser and the homeowner or buyer, sometimes assisted by technology, a spokesperson for the GSE said. Presented by: Reggora. The State of Appraisals in 2022.

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Appraisal Inspection Real Estate Agent Training 404

Raleigh Realty

AUGUST 17, 2021

It's important to note that real estate contracts and laws change depending on what state you are in. It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Hank Miller Team

JULY 2, 2023

Accuracy in real estate listings is more concerning than ever, how a home is represented and described may not always be what a buyer sees. Advertising, especially in real estate, always pushes the boundaries, but there is an expectation that the information presented is factually accurate.

Real Estate 52

Real Estate Legal Advertising Real Estate Agent 52

Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. These employee agents are exceedingly more productive than the average independent contractor agent. Redfin was an amazing place to start my real estate career.

Business 370

Business Brokerage Real Estate Agent Agents 370

McKissock

JULY 6, 2022

Real estate transactions are similar to putting together a jigsaw puzzle. One of the main responsibilities of a real estate agent is to effectively organize all the competing interests of a transaction (or pieces of the jigsaw puzzle). As agents, we know better. Expectation 2: Property Access.

Clients 87

Clients Real Estate Contracts Sellers 87

Raleigh Realty

FEBRUARY 24, 2022

." This is never a great feeling though there is likely a better home waiting for you that you have not come across, or is possibly not even listed for sale yet As you search for that home of your dreams on various real estate websites, you'll likely encounter a wide range of different statuses depending on the listing. "Under

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147