Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 381

Realtors Real Estate Legal Law 381

Housing Wire

DECEMBER 12, 2023

In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states. The National Association of REALTORS will respond to this complaint in court.”

Realtors 436

Realtors Sellers Buyers Real Estate 436

Housing Wire

OCTOBER 24, 2023

KANSAS CITY, Missouri — National Association of Realtors CEO Bob Goldberg was back on the stand Tuesday morning at the start of the seventh day of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit. Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team.

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Realtors Agents Clients Buyers 410

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The reason we have chosen to settle is so we can minimize distractions and focus on serving you and your clients.” “By settling, Compass is not saying that we did anything wrong.

Brokerage 427

Brokerage Realtors Agents Clients 427

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Further, compensation is set between the brokers and their clients and is always negotiable. As the trial of Burnett v. The list goes on and on.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

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

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Law Agents Realtors Contracts 416

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

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Legal Real Estate Real Estate Agent Law 364

Housing Wire

NOVEMBER 20, 2023

Some of these provisions include no longer requiring agents to be members of the National Association of Realtors or following NAR’s Code of Ethics or the MLS Handbook. “We are pleased with the court’s decision to grant preliminary approval of the settlement,” Nick Bailey, the president and CEO of RE/MAX, LLC.,

Legal 390

Legal Real Estate Agents Realtors 390

Housing Wire

NOVEMBER 1, 2023

Pearson also has concerns about what this will now mean for how she and her agents handle client meetings or how to word things on open house fliers. “I There will also be years of appeals about the legal standard used in the case and other issues,” Kelman wrote in a blog post. I do believe they will.

Open Houses 469

Open Houses Brokerage Agents Realtors 469

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.” Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 387

Buyers Agents Loan Officers Real Estate 387

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. .” ” What’s at stake?

Buyers 449

Buyers Brokerage Agents Realtors 449

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In It is, however, named as a co-conspirator along with Anywhere and RE/MAX.)

Real Estate 404

Real Estate Realtors Realty Buyers 404

Housing Wire

NOVEMBER 7, 2023

Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. The primary MLS in the area, non-Realtor owned Northwest MLS , in 2019 eliminated a requirement that listing brokers offer buyer brokers a commission to submit a listing to the MLS. Revenue decreased by 10% year over year to $1.34

Agents 357

Agents Real Estate Agent Realtors Brokerage 357

Housing Wire

FEBRUARY 12, 2024

Making an appearance on the defendant list are the National Association of Realtors , Anywhere and its franchise Century 21 Everest , HomeServices of America and its affiliates, RE/MAX , Keller Williams and two local franchises, Equity Real Estate , Realtypath and Windermere Real Estate Services.

Real Estate 422

Real Estate Real Estate Agent Realtors Buyers 422

Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” He has been focused on getting referrals from prior clients and online. As lenders, we are avidly against that.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

OCTOBER 25, 2023

As Ketchmark began his questioning, he tried to show that the structure of HomeServices as the parent company of so many affiliates and franchises had the effect of enforcing the National Association of Realtors’ commission and Clear Cooperation policies. “Maybe the local company or the MLS does, but we don’t,” Blefari testified.

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Sellers Realtors Agents Buyers 404

Housing Wire

JANUARY 5, 2024

million, respectively, as well as make changes to how their agents practice real estate, including no longer requiring agents to belong to the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In the agreements RE/MAX and Anywhere agree to pay $55 million and $83.5

Agents 397

Agents Realtors Real Estate Clients 397

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

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 414

Sellers Buyers Real Estate Agents 414

Housing Wire

FEBRUARY 1, 2024

Central to the Sitzer/Burnett suit, as well as the other commission lawsuits, in NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a realtor-affiliated multiple listing service (MLS).

Agents 464

Agents Realtors Real Estate Agent Real Estate 464

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

Real Estate 406

Real Estate Brokerage Sellers Law 406

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.

Contracts 389

Contracts Brokerage Law Real Estate Agent 389

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.

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Training Realtors Agents Real Estate 372

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). Along with a $83.5

Brokerage 493

Brokerage Agents Buyers Clients 493

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 352

Real Estate Sellers Realtors Brokerage 352

Housing Wire

MAY 9, 2024

We will continue to focus on what we do best: empowering real estate entrepreneurs so they can deliver exceptional value to their clients.” We are pleased to hear of the court’s final approval of our settlement,” Darryl Frost, a Keller Williams spokesperson, wrote in an email. “We This story is developin g. Check back for updates.

Brokerage 381

Brokerage Realty Sellers Real Estate 381

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

Buyers 382

Buyers Sellers Agents Law 382

Housing Wire

NOVEMBER 2, 2023

While much remains unknown in the wake of the verdict in the Sitzer/Burnett commission lawsuit case, the one certainty is that all three defendants — National Association of Realtors , HomeServices of America and Keller Williams — all plan to appeal. This matter is not close to being final.

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Law Realtors Real Estate Brokerage 394

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them.

Agents 437

Agents Brokerage Advertising Real Estate 437

Raleigh Realty

FEBRUARY 4, 2022

Initially, the seller tried to sell his home by himself before soliciting my help and I was able to get it sold for him to one of my clients. Here’s a common scenario on when dual agency may occur: A real estate agent is hired to sell the home of a client named Mary. What is Dual Agency in Real Estate?

Real Estate 148

Real Estate Real Estate Agent Sellers Agents 148

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 381

Brokerage Sellers Law Contracts 381

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.

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Real Estate Agent Real Estate Clients Agents 86

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 390

Contracts Agents Buyers Real Estate 390

Lamacchia Realty

NOVEMBER 21, 2023

Beyond identifying emerging areas for investment, their role is crucial in helping clients understand and navigate real estate myths with data-driven insights. Historical Market Analysis These specialists offer valuable historical market analysis to help clients understand how past trends have shaped current market conditions.

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Real Estate Real Estate Agent Local Properties Valuation 62

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 386

Real Estate Real Estate Agent Brokerage Agents 386

Housing Wire

APRIL 16, 2024

Dahlhausen added that working as a loan officer is an opportunity for real estate agents to ”control the transaction” and ”ensure that the client is being taken care of” while increasing their compensation. Working as both an LO and agent was a way to better serve his clients, he said. For example, Realfinity pays LOs 1.4%

Real Estate Agent 427

Real Estate Agent Loan Officers Real Estate Agents 427

D Fritz Appraisals

JANUARY 8, 2022

With commercial drone use now legal in Canada, it’s worth considering whether drone photography and videography is also helpful for real estate appraisal inspections. Current photos and videos let appraisers, lenders, realtors and sellers / owners get a real-time birdseye view of what exactly is happening on and around the property.

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Real Estate Appraisal Inspection Real Estate Agent 88