Housing Wire

DECEMBER 1, 2023

In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” In its email, REBNY said that complaint is “laden with numerous inaccuracies regarding the RLS, the Universal Co-Brokerage Agreement, and the business of real estate.”

Real Estate Agent 358

Real Estate Agent Real Estate Agents Brokerage 358

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.

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Realtors Real Estate Agent Real Estate Sellers 413

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. More home sellers on the East Coast are getting in on the commission lawsuit action. Both lawsuits are seeking class-action status.

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Realty Realtors Brokerage Real Estate 418

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.

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Real Estate Realtors Realty Real Estate Agent 463

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?

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Brokerage Real Estate Agents Sellers 396

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

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Real Estate Realtors Realty Buyers 403

Housing Wire

JANUARY 8, 2024

We are currently evaluating the substance of the motion and the best manner for HomeServices to continue to protect those we represent and defend our position in the appropriate legal forums,” the statement continued.

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Real Estate Realty Real Estate Agent Legal 322

Housing Wire

MARCH 8, 2024

Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group. Lisa is super on the pulse.

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Agents Legal Realtors Clients 389

Housing Wire

NOVEMBER 7, 2023

Hart cited two strategic acquisitions, Realty Austin in Texas and DPP in California, as part of its growth strategy. Moving forward, we will continue to be opportunistic in our approach to adding to our agent base via selective M&As,” Hart said during the earnings call. Reffkin cited the Seattle market as reason for optimism.

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Agents Real Estate Agent Realtors Brokerage 342

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 391

Agents Advertising Real Estate Buyers 391

Housing Wire

DECEMBER 20, 2023

After almost five years of litigation, it is clear that Keller Williams Realty, Inc. Like the other commission lawsuits, the plaintiffs in the Moehrl suit allege that the real estate industry has colluded to artificially inflate real estate agent commissions.

Real Estate 337

Real Estate Sellers Realtors Brokerage 337

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.

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Real Estate Sellers Realtors Real Estate Agent 402

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. Filed on Thursday in U.S. 18, 2020, and the present.

Realtors 340

Realtors Real Estate Real Estate Agent Buyers 340

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide.

Real Estate 70

Real Estate Legal Law Contracts 70

CA Realty Training

JULY 19, 2021

That’s how successful real estate agents create successful careers. This method is a set of ethical rules that agents follow to build a trustworthy relationship with clients. So, let’s explore the fiduciary duties of a real estate agent are so you can start building trust. What does fiduciary mean?

Real Estate Agent 53

Real Estate Agent Real Estate Agents Clients 53

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 56

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

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Inspection Sellers Buyers Agents 70

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? What is Dual Agency in Real Estate?

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Real Estate Real Estate Agent Sellers Agents 148

Housing Wire

NOVEMBER 16, 2021

million in membership dues from 1.542 million members, who are mostly real estate agents and brokers. One board member asked how much of the dues go to legal defense. Lane, who is a real estate agent in Brandon, Mississippi, added that what NAR is paying to specifically fight DOJ “Is not a line item in the budget.”.

Real Estate Agent 353

Real Estate Agent Agents Real Estate Realtors 353

Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. This is a free, open, capitalist society,” Lamacchia said.

Realtors 414

Realtors Law Agents Real Estate 414

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. Buyers Typically Avoid FSBO Properties : Buyers will often avoid putting an offer on FSBO homes altogether. This is known as For Sale by Owner (FSBO).

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

Housing Wire

JANUARY 27, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

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Agents Real Estate Real Estate Agent Realty 310

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. To the everyday buyer and seller , they may not think there is much of a difference between the two. There are over 1,000 local NAR associations and boards, spanning all 50 U.S.

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Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

JANUARY 31, 2022

ONE Sotheby’s International Realty agent Jessica Adams is under fire after TechCrunch co-founder and crypto investor, Michael Arrington took to Twitter on Tuesday alleging that Adams had leaked information about his purchase of a Miami waterfront mansion to the press, creating security concerns that forced him and his family to relocate.

Agents 303

Agents Real Estate Real Estate Agent Realty 303

Raleigh Realty

JANUARY 22, 2022

First Time Home Buyer Guide Raleigh, NC Buying a house for the first time is a big decision, so you want to make sure you are ready as a first time home buyer. That is what prompted us to create this first time home buyer guide filled with tips, tricks, programs, grants, and all the steps involved in the home buying process.

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Buyers Real Estate Finance Mortgage 148

CA Realty Training

JUNE 28, 2021

This way, it will be easier for the buyers to imagine themselves living in the property. Remember that as their listing agent, it is your job to be direct. 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. Tip #2: Pricing.

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Real Estate Agent Real Estate Agents Advertising 36

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.

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Real Estate Agent Real Estate Realtors Contracts 133

Lamacchia Realty

JUNE 8, 2021

If you believe your home has foundation damage and you’re looking to sell, there are a few steps you need to take to cover yourself legally and get the most money possible for your home. Get the quote in writing and hold onto it for future buyers. Disclose the damage found by the contractor in writing to any potential buyers.

Real Estate Agent 68

Real Estate Agent Inspection Realty Legal 68

Raleigh Realty

APRIL 19, 2022

If the Department rules in your favor, the person or party responsible could be subject to a fine or other legal action. Real estate agents are well-versed in the area and they have great resources to answer any questions you may have. What's the LGBTQ+ culture like in the area?

Legal 144

Legal Real Estate Agent Real Estate Law 144

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.

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Real Estate Real Estate Agent Contracts Inspection 148

Lamacchia Realty

JULY 10, 2023

Disclosing Infected Drywall While sellers are legally obligated to disclose any obvious defects to the house, there’s no guarantee that they will always be completely truthful, especially when it comes to issues like toxic drywall. With this in mind, buyers need to be thorough and diligent in protecting themselves.

Inspection 68

Inspection Realty Agents Sellers 68

Raleigh Realty

FEBRUARY 19, 2022

They can keep buyers up at night after going under contract on a home. Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. 9 Things to Know BEFORE Your Home Appraisal Home appraisals.

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Appraisal Appraisal Process Real Estate Agent Renovations 148

Raleigh Realty

SEPTEMBER 2, 2022

So whether you're a first-time home buyer or an experienced seller, stay tuned, because we’re going to tell you everything you need to know. for example, home buyers pay as much as 3.9 In North Carolina, the buyer and seller are both responsible for a portion of the closing costs, but that doesn’t mean there isn’t any wiggle room.In

Buyers 78

Buyers Insurance Inspection Sellers 78

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. million real estate agents. A profitable division.

Business 365

Business Brokerage Real Estate Agent Agents 365

Lamacchia Realty

NOVEMBER 21, 2023

This perspective is particularly useful for buyers and sellers looking to understand the long-term value of their investments. The Integration of Technology in Local Real Estate In today’s digital age, local real estate experts harness various technological tools to offer clients an enhanced experience.

Real Estate 62

Real Estate Real Estate Agent Local Properties Valuation 62

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

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Real Estate Agent Loan Officers Real Estate Agents 414