Housing Wire

DECEMBER 6, 2023

In a raw demonstration of market power, the Florida Realtor MLSs overturn the natural order of a rational price system where home sellers and home buyers each separately bargain and pay for the services provided to each of them,” the complaint alleges. 4, 2019 and the present. These allegations are absurd.

Realty 412

Realty Realtors Brokerage Real Estate 412

Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 412

Brokerage Realty Real Estate Agent Real Estate 412

Housing Wire

APRIL 26, 2024

“This resolution allows us to concentrate on our primary goal: delivering unparalleled value in the real estate market and serving home buyers and sellers with the highest standards of service.” The DOJ may also file charges separately to prevent any display of buyer agent commissions on any platform. billion in damages.

Brokerage 425

Brokerage Agents Real Estate Buyers 425

Housing Wire

JANUARY 26, 2024

What remains unchanged is the central focus of the lawsuit — NAR’s Participation Rule which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on an MLS. “The But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants.

Brokerage 359

Brokerage Realty Realtors Sellers 359

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

Brokerage 305

Brokerage Realty Real Estate Real Estate Agent 305

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. Don’t panic.

Agents 378

Agents Advertising Real Estate Buyers 378

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 387

Brokerage Real Estate Agents Sellers 387

Housing Wire

NOVEMBER 27, 2023

However, this time, the robust defendant list also includes some local real estate firms, including Harry Norman Realtors , Ansley Atlanta Real Estate , Atlanta Fine Homes , Solid Source Realty , Palmerhouse Properties , Higher Tech Realty and Hamilton Dorsey Altson Company. 22, 2019, and the present.

Real Estate 429

Real Estate Real Estate Agent Sellers Realty 429

Housing Wire

NOVEMBER 1, 2023

Can we ask if the buyer is represented now? Can we even discuss things about the house because if we inform the potential buyer of something about the house that makes them not want the house, even if it isn’t something necessarily bad, are we going against our agreement with our seller?” I do believe they will.

Open Houses 461

Open Houses Brokerage Agents Realtors 461

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. 13, 2019, to the present.

Real Estate 402

Real Estate Realtors Realty Buyers 402

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

Law 336

Law Agents Brokerage Buyers 336

Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

Real Estate 461

Real Estate Realtors Realty Real Estate Agent 461

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.

Agents 377

Agents Legal Realtors Clients 377

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.

Real Estate 312

Real Estate Realty Real Estate Agent Legal 312

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit. 8, 2019, and the present. 8, 2019, and the present.

Brokerage 351

Brokerage Realtors Realty Real Estate 351

Housing Wire

MARCH 29, 2024

Defendants in the lawsuit include the National Association of Realtors (NAR), the Real Estate Board of New York (REBNY), HomeServices of America , Compass , eXp World Holdings , Douglas Elliman , Halstead Real Estate , Brown Harris Stevens Residential Sales and Realty One Group. Wang is demanding damages and a jury trial.

Advertising 392

Advertising Real Estate Realtors Buyers 392

Housing Wire

MAY 6, 2024

. “We always have been, and always will be, advocates for transparency and saving consumers money, directly selling homes to buyers to bring down fees, and broadly publishing commission data so consumers understand how much they are paying.”

Brokerage 401

Brokerage Realty Real Estate Agents 401

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. “Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.” The suit was filed on Monday in U.S.

Realtors 402

Realtors Real Estate Agent Real Estate Sellers 402

Lamacchia Realty

APRIL 4, 2023

Legislation was signed into law last Wednesday , April 29, 2023 by Governor Maura Healey to legalize remote online notarization (RON). Connecticut lawmakers passed on the vote for RON in 2022 and will be the only state in New England who hasn’t legalized remote notarization.

Legal 41

Legal Law Real Estate Sellers 41

Housing Wire

NOVEMBER 7, 2023

Hart cited two strategic acquisitions, Realty Austin in Texas and DPP in California, as part of its growth strategy. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements.

Agents 329

Agents Real Estate Agent Realtors Brokerage 329

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

Housing Wire

NOVEMBER 10, 2023

Sloane Square , and Sotheby’s International Realty Affiliates. In mid-October, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves.

Real Estate 436

Real Estate Brokerage Sellers Law 436

Housing Wire

APRIL 23, 2024

“I don’t feel that the space that we are moving into is going to somehow be better for the consumer,” Anthony Lamacchia , the broker-owner of Lamacchia Realty , said Monday morning during a panel discussion at HousingWire ’s annual conference The Gathering. Department of Veterans Affairs (VA) borrowers.

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Brokerage Sellers Buyers Agents 292

Housing Wire

MARCH 4, 2022

Ultimately, the judge found that Oregon’s ban “of all non-customary documents” sent from prospective buyer to seller in a real estate sale is a “broad sweep” that will have the effect of banning “other innocuous information prospective buyers provide in love letters.”

Real Estate Agent 339

Real Estate Agent Law Real Estate Legal 339

Lamacchia Realty

AUGUST 15, 2023

WE BUY HOUSES: HOME CASH BUYER PROS AND CONS What is a Home Cash Buyer? The main draw of cash home buyer is the ability to provide a transaction that is both fast and simple – even within just a few days! Be sure to do thorough research and find an extremely trusted home buyer.

Buyers 56

Buyers Real Estate Agent Real Estate Realty 56

Housing Wire

DECEMBER 1, 2023

Originally filed in early November, the commission lawsuit known as the March suit , after its lead plaintiff, takes aim at a REBNY Listing Service rule called the Buyer Broker Commission Rule, which states that the brokers “shall each be paid an equal share of the commission as specified in the Exclusive Listing.”

Real Estate Agent 345

Real Estate Agent Real Estate Agents Brokerage 345

Housing Wire

DECEMBER 20, 2023

After almost five years of litigation, it is clear that Keller Williams Realty, Inc. 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.

Real Estate 325

Real Estate Sellers Realtors Brokerage 325

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. An attorney offers valuable protection and knowledge for you as a buyer. The attorney will advocate on your behalf as a buyer to include the most favorable terms to protect you.

Real Estate 70

Real Estate Legal Law Contracts 70

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.

Buyers 148

Buyers Real Estate Finance Mortgage 148

Housing Wire

MARCH 15, 2024

In addition to the $418 million settlement amount, which will be paid into a court-controlled trust over a four-year period, NAR has also agreed to abolish all rules allowing seller’s agents to set compensation for buyer’s agents. It also agreed to prohibit broker compensation appearing in the MLS fields. It is going to be an absolute mess.”

Agents 425

Agents Brokerage Advertising Real Estate 425

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. First-time buyers barely have enough money to put down to buy a home.

Realtors 405

Realtors Law Agents Real Estate 405

Housing Wire

MARCH 19, 2024

NAR’s settlement, which includes terms like mandatory buyer agency agreements and a ban on displaying offers of cooperative compensation on MLS platforms, only covers real estate brokerages that recorded $2 billion or less in transaction volume in 2022. billion ), Douglas Elliman ($42.8 billion ), Hanna Holdings ($36.7 billion ). “The

Brokerage 403

Brokerage Real Estate Realtors Legal 403

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. and the Plaintiffs.” The two parties have since gone back and forth, but the judge did not rule on their request for a subpoena.

Brokerage 378

Brokerage Realty Sellers Real Estate 378

Housing Wire

MARCH 7, 2022

On a Facebook video chat , Amy Heckler of Heckler Realty in St. Pete’s Beach, Florida answered real estate agents’ questions, surrounded by a white and red Heckler Realty banner and two office plants. Generally, listing agents extract a commission from the homeseller and then split it with the buyer’s agent.

Real Estate 455

Real Estate Law Inspection Agents 455

Lamacchia Realty

JANUARY 4, 2022

BUYERS, DON'T MAKE THESE HOUSE HUNTING MISTAKES! Not Hiring a Buyer’s Agent Some home buyers believe it’s better to work with the listing agent directly hoping they’ll get a better deal than if they hire a buyer’s agent. Listing agents are contractually bound to act in the best interest of their seller, not the buyer.

Buyers 74

Buyers Agents Inventory Sellers 74

Housing Wire

OCTOBER 31, 2023

According to Stella, as recently as a year ago he could print off a form from MLS Property Information Network (MLS PIN), his local MLS which is a defendant in the Nosalek commission lawsuit , for his sellers with no fields showing what the offered buyer agent compensation was going to be. There is no such thing.

Agents 408

Agents Buyers Sellers Realtors 408

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. Time : Unless you plan to take a lot of time off from work, people simply don’t have enough time to do everything necessary to market the property to prospective buyers.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71