Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 406

Contracts Brokerage Law Real Estate Agent 406

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The suit obtained class certification in March 2023.

Real Estate Agent 410

Real Estate Agent Realtors Real Estate Sellers 410

Housing Wire

OCTOBER 23, 2023

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. In addition, the contract stipulated that agents must join their local Realtor association. Goldberg testified that while there are roughly 2.5

Law 427

Law Agents Realtors Contracts 427

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 427

Realtors Agents Brokerage Contracts 427

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 427

Sellers Real Estate Buyers Contracts 427

Housing Wire

MARCH 19, 2024

million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. The plaintiffs then subtracted the $626.5

Sellers 395

Sellers Realtors Law Contracts 395

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 413

Realty Real Estate Law Brokerage 413

Housing Wire

MARCH 27, 2024

At the time, the defendants in the suit, which included HomeServices, as well as the National Association of Realtors , Keller Williams , Anywhere , and RE/MAX , requested that the Eighth Circuit court of appeal review the class certification order. The Eighth Circuit refused this request.

Law 417

Law Sellers Realtors Contracts 417

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 68

Realtors Agents Real Estate Agent Real Estate 68

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 410

Training Realtors Agents Real Estate 410

Housing Wire

FEBRUARY 16, 2024

According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 427

Sellers Buyers Real Estate Contracts 427

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. annualized decline in U.S. and Canada to 64,322 agents.

Agents 400

Agents Real Estate Training Buyers 400

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 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion.

Sellers 417

Sellers Buyers Real Estate Agents 417

Housing Wire

OCTOBER 20, 2023

During their testimony, attorneys for the defendants, which now include National Association of Realtors , Keller Williams and HomeServices of America , had the opportunity, if they wished, to cross-examine the witnesses in addition to the questions posed by Michael Ketchmark, the lead attorney for the plaintiffs.

Contracts 406

Contracts Agents Buyers Real Estate 406

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. What builders don’t need is a realtor to list their homes in a traditional way.

Realtors 377

Realtors Real Estate Agent Agents Real Estate 377

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

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Brokerage 413

Brokerage Sellers Law Contracts 413

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

Insurance 259

Insurance Government Advertising Legal 259

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure. He has been focused on getting referrals from prior clients and online.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Raleigh Realty

MARCH 23, 2021

The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. 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

Listing Spark

SEPTEMBER 5, 2023

Ten percent of homes sold in 2021 were sold by their owners without a realtor. If you want to sell your home, that journey begins by learning more about how to sell your own home without a realtor, what tasks you’ll be required to manage, and common challenges so you can move forward strategically. Is FSBO the Right Fit for You?

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

Realtors 417

Realtors Contracts Real Estate Agents 417

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 320

Real Estate Brokerage Buyers Property Management 320

Listing Spark

NOVEMBER 24, 2021

When searching for discount realtors in Dallas, you may notice a lot of options at your disposal. It can be a challenge to understand what’s important to look for when finding the right company or Realtor to sell your house in a “non-traditional” way. ListingSpark is the largest flat fee or discount realtor in Dallas.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

When searching for discount realtors in Houston, you may notice a lot of options at your disposal. It can be a challenge to understand what’s important to look for when finding the right company or Realtor to sell your house in a “non-traditional” way. What to look for when choosing a discount Realtor in Houston, TX.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

When searching for discount realtors in Austin, you may notice a lot of options at your disposal. It can be a challenge to understand what’s important to look for when finding the right company or Realtor to sell your house in a “non-traditional” way. What to look for when choosing a discount Realtor in Austin, TX.

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

When searching for discount realtors in San Antonio, you may notice a lot of options at your disposal. It can be a challenge to understand what’s important to look for when finding the right company or Realtor to sell your house in a “non-traditional” way. What does a traditional agent charge in San Antonio, TX?

Realtors 36

Realtors Real Estate Advertising Agents 36

Birmingham Appraisal

SEPTEMBER 26, 2023

Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA). Ethical Concerns Using outlier sales to manipulate property values or cater to clients’ desires can raise ethical concerns within the real estate industy.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

Empire Appraisal Group

JULY 1, 2021

Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. At an interactive session Thursday called “Ask an Appraiser” during the 2021 virtual REALTORS® Legislative Meetings , panelists shared best tactics for working with appraisers and making the process as smooth as possible for all parties involved in a transaction.

Agents 78

Agents Appraisal Real Estate Realtors 78

Housing Wire

APRIL 30, 2024

Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker.

Buyers 512

Buyers Agents Clients Realtors 512

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Housing Wire

NOVEMBER 30, 2023

Culture, cutting-edge technology, marketing assistance, and training are key to succeeding as an Ohio real estate agent, so look for a brokerage that provides the agent services and resources you need to maximize reach for your clients. SALESPERSON LICENSE EXAMINATION APPLICATION” [link] Ohio Realtors.

Real Estate 422

Real Estate Real Estate Agent Brokerage Agents 422

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Frequently Asked Questions” [link] Illinois Realtors, Start Your Career in Real Estate. 2022 Real Estate Broker Renewal Application” [link] Illinois Realtors, Start Your Career in Real Estate.

Real Estate Agent 415

Real Estate Agent Real Estate Agents Brokerage 415

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. However, the settlement process varies from client to client, location to location.

HOA 460

HOA Property Management Real Estate Agent Technology 460

Housing Wire

OCTOBER 22, 2023

Currently, there are about 154,113 Realtors ® in Texas, according to the National Association of Realtors. Additionally, a Texas real estate sales agent must be sponsored by a licensed broker in order to perform any real estate services on behalf of their clients. No, Texas does not have reciprocity with any other states.

Real Estate 404

Real Estate Real Estate Agent Agents Brokerage 404

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52