Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

Buyers 476

Buyers Contracts Real Estate Agents 476

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. seller commission when it was after signature of the Seller Agent contract moot because 6% of commission sharpen still occurred.”

Realtors 353

Realtors Agents Sellers Real Estate 353

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 392

Contracts Brokerage Law Real Estate Agent 392

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 363

Real Estate Agent Realtors Real Estate Sellers 363

National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

Inspection 81

Inspection Contracts Realtors Buyers 81

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

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 420

Realtors Agents Brokerage Contracts 420

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Contracts 136

Contracts Realtors Legal Agents 136

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December.

Contracts 400

Contracts Inventory Realtors New Listings 400

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% in February, up from 74.3

Inventory 443

Inventory Realtors Contracts Sellers 443

Housing Wire

MARCH 28, 2024

NWMLS also noted in the motion that in its November 2020 settlement agreement with the National Association of Realtors , the DOJ asked for the types of changes made by NWMLS. DOJ’s apparent change of heart in its [statement of interest] in this case is striking,“ NWMLS wrote in the draft of its brief.

Sellers 358

Sellers Contracts Buyers Realtors 358

Housing Wire

JANUARY 3, 2023

according to data released last Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9,

Contracts 496

Contracts Housing Market Realtors Construction 496

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 67

Realtors Agents Real Estate Agent Real Estate 67

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. In addition, the contract stipulated that agents must join their local Realtor association. million real estate licensees in the U.S.,

Law 422

Law Agents Realtors Contracts 422

Housing Wire

AUGUST 30, 2023

in July, according to data released Wednesday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% Year over year, pending home sales were down 14%, a smaller decrease than the 15.6%

Inventory 414

Inventory Contracts Buyers Realtors 414

Riverfront Appraisals

SEPTEMBER 12, 2022

Have you ever had a listing that didn’t appraise for contract price? The home didn’t appraise for contract price, so the deal is dead, right? The post The Realtor’s Guide to Appraisals Part 9: Can a Realtor Challenge an Appraisal? The post The Realtor’s Guide to Appraisals Part 9: Can a Realtor Challenge an Appraisal?

Realtors 78

Realtors Appraisal Contracts Appraisal Process 78

Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. regions recorded year-over-year decreases in contract signings. Pending home sales continued their downward spiral in September, recording a 10.2% in September. in September.

Contracts 520

Contracts New Listings Realtors Housing Market 520

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from February 2022.

Contracts 297

Contracts Realtors Home Value Housing Market 297

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We pending home sales rose 5.9% million, a 1.1% gain compared with 2019.

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mirroring the trend for new home sales , pending home sales fell 7.1%

Housing Market 445

Housing Market Contracts Government Buyers 445

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts 332

Contracts Inventory Housing Market Realtors 332

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 381

Inventory Contracts Housing Market Realtors 381

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 346

Sellers Realtors Law Contracts 346

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 375

Law Sellers Realtors Contracts 375

Housing Wire

JANUARY 27, 2023

according to data released Friday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. “We After six consecutive months of declines, the Pending Home Sales Index rose 2.5% month over month in December to a reading of 76.9, compared to December 2021.

Contracts 421

Contracts Realtors Mortgage Buyers 421

Housing Wire

JANUARY 3, 2024

We also acknowledge that many of these lawsuits are due to some Realtors not being transparent enough… we provide transparency every step of the way,” one respondent wrote. I was already using buyer broker contracts, but now use them 100% of the time. Realtors & NAR have always had the client’s best interest.

Agents 363

Agents Realtors Clients Real Estate Agent 363

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. and West (96.9) respectively.

Inventory 500

Inventory Contracts Housing Market Buyers 500

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. regions recorded year-over-year decreases in contract signings. Pending home sales continued to drop in August, recording a 1.0% In July , the index fell 1.0% All four major U.S.

Contracts 358

Contracts Realtors Inventory Marketing 358

Hank Miller Team

SEPTEMBER 14, 2022

Can the seller change the disclosure after contract? Contracts fall apart as buyers claim things were omitted, information wasn't accurate, something that was to remain was taken.the list is ever growing. Change the Disclosure Slow down Timmy.Once both parties agree to the terms of the contract that is a binding contract.

Contracts 52

Contracts Sellers Buyers Law 52

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 374

Training Realtors Agents Real Estate 374

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 425

Sellers Real Estate Buyers Contracts 425

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 383

Realty Real Estate Law Brokerage 383

Inman

JUNE 21, 2023

Bob Goldberg's contract will expire Dec. 31, and the executive plans to retire after three decades at NAR and four decades in real estate, according to the National Association of Realtors.

Contracts 171

Contracts Realtors Real Estate Agents 171

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 363

Inventory Housing Market Contracts Government 363

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 378

Inventory Agents Real Estate Sellers 378

Housing Wire

DECEMBER 30, 2020

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. Presented by: WFG.

Contracts 534

Contracts Inventory Realtors Government 534