Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78 billion. The jury reached its verdict after a little over two weeks of testimony from the plaintiffs and defendants.

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Real Estate News

OCTOBER 31, 2023

After less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion.

Sellers 363

Sellers 363

Housing Wire

OCTOBER 31, 2023

KANSAS CITY, Missouri — After 11 days of testimony , the eight-person jury here took just a little over two hours to decide its verdict in the Sitzer/Burnett commission lawsuit trial. It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. Despite the guilty verdict, other than having to pay nearly $1.8 billion in damages, many questions still remain about what this means for the real estate industry, a

Real Estate 479

Real Estate Landlords Law Design 479

Real Estate News

OCTOBER 31, 2023

After the jury unanimously found for the plaintiffs in the Missouri case, the lead attorney announced he was filing a nationwide suit naming NAR, 7 brokerages.

Brokerage 311

Brokerage 311

Housing Wire

OCTOBER 31, 2023

Following July’s mini rally , home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted a seasonally adjusted increase of 0.9%, while the 10-City and 20-City Composites posted a 1% increase each. The August level was the highest recorded since the index began in 1987.

Inventory 479

Inventory Housing Market Contracts Realtors 479

The Appraiser Coach

OCTOBER 31, 2023

The myth we often believe when it comes to working from home is that productivity significantly slows down. The image you probably have in your head is someone who lounges around watching soap operas and is just mindful enough to keep the computer from going to sleep in between loads of laundry and a mid-morning Starbucks run. But just because you are surrounded by familiarity and an environment you usually relax in doesn’t mean your productivity has to suffer.

Training 195

Training Appraisal Inspection Advertising 195

Real Estate News

OCTOBER 31, 2023

With more trials over commission practices — and potentially hefty damage awards — looming, the settlement agreements could be a selling point.

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257

Housing Wire

OCTOBER 31, 2023

Phillip Cantrell is the CEO of Benchmark Realty LLC based in Franklin, Tennessee and the executive vice president of Strategy for United Real Estate. He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee.

Real Estate 421

Real Estate Realtors Agents Buyers 421

Real Estate News

OCTOBER 31, 2023

A Point2 analysis says California is all tricks and no treats for homebuyers facing the bogeymen of high prices, low inventory and rising mortgage rates.

Housing Market 239

Housing Market Inventory Marketing Mortgage 239

Housing Wire

OCTOBER 31, 2023

The No. 1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. But when every loan matters, like the market we find themselves in today, it makes a lot of sense to take a closer look at the borrower’s credit score.

Tools 410

Tools Mortgage Business Marketing 410

Real Estate News

OCTOBER 31, 2023

The latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.

Mortgage 230

Mortgage 230

Housing Wire

OCTOBER 31, 2023

The National Association of Realtors (NAR) just made IRAR Trust Company (IRAR) its preferred provider for self-directed retirement plans, the trade organization announced on Tuesday. IRAR will provide “self-directed individual retirement accounts (IRAs) and solo 401(k) accounts to NAR members, their families, and association staff at the national, state and local levels,” according to a NAR press release. “Partnering with IRAR Trust Company underscores NAR’s dedication to delivering

Realtors 409

Realtors Tools Investing Real Estate Agent 409

Inman

OCTOBER 31, 2023

Jurors on Tuesday shocked the real estate industry, awarding damages adding up to $5.36 billion to homesellers after deliberating for 2 hours and 28 minutes.

Real Estate 212

Real Estate Realtors Brokerage Agents 212

Eyes on Housing

OCTOBER 31, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the third quarter of 2023, amid persistently tight housing supply and elevated mortgage interest rates. The homeownership rate remained statistically unchanged from the second quarter reading (65.9%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.2 percentage points lower and remains.

Mortgage 183

Mortgage 183

Inman

OCTOBER 31, 2023

In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions.

Realtors 193

Realtors Real Estate Brokerage Agents 193

GoForrmz

OCTOBER 31, 2023

The GoFormz team is going to be at WESTEC 2023 Connect with our team in Long Beach, California at WESTEC this November 7-9, 2023! Be sure to register for WESTEC and stop by our booth #1550 to talk with the GoFormz team. What is WESTEC? WESTEC is the leading manufacturing trade show in California, providing manufacturing solutions for 58 years and counting.

Technology 78

Technology 78

Inman

OCTOBER 31, 2023

The "401(k) for homeownership" helps first-time buyers achieve their goals on the way to homeownership with 4.51 percent APY high-yield savings accounts, as well as educational tools and matching opportunities with agents and lenders.

Tools 193

Tools Buyers Agents Technology 193

BiggerPockets

OCTOBER 31, 2023

Renting properties to tenants is a great way to earn passive income, but you must follow many laws and rules, including collecting security deposits. Before you begin renting to tenants, it’s important to understand the answer to what is a security deposit and all the factors that go into it.

Tenants 85

Tenants Law Landlords 85

Inman

OCTOBER 31, 2023

Classic TV-lover Sue “Pinky” Benson shares what she learned about being a real estate agent from Samantha, Darrin(s) and Tabitha Stephens, zany MIL Endora and nosey neighbor Gladys Kravitz.

Real Estate 187

Real Estate Real Estate Agent Agents 187

BiggerPockets

OCTOBER 31, 2023

When you ask what the most important factor is when buying a piece of real estate, whether it is a primary residence, a second home, or an investment property, their […]

Real Estate 77

Real Estate Investing 77

Inman

OCTOBER 31, 2023

A trailer for the new season of the real estate reality TV series suggests that broker Jason Oppenheim feels his LA office's agents have slacked off during a sluggish market while "the agents in the OC work their asses off.

Real Estate 184

Real Estate Agents Marketing Brokerage 184

BiggerPockets

OCTOBER 31, 2023

Investing in real estate means you must know many terms, including appreciation. You probably know appreciation is when an asset's value increases, but what is appreciation in real estate, and how does it affect your investment?

Real Estate 77

Real Estate Investing 77

Inman

OCTOBER 31, 2023

Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case.

Clients 214

Clients Realtors Real Estate Brokerage 214

BiggerPockets

OCTOBER 31, 2023

The real estate industry is built on a foundation of information sharing and collaboration between agents, buyers, and sellers (among others). One tool stands out as a “must-use” in this process, known as the MLS (multiple listing service).

Real Estate 76

Real Estate Tools Sellers Agents 76

Inman

OCTOBER 31, 2023

If you want to join the ranks of the top listing agents in your market, trainer and author Bernice Ross says that Cohen's proven strategies and tactics can help you become a top listing agent as well.

Agents 180

Agents Marketing 180

BiggerPockets

OCTOBER 31, 2023

You don't need to replace your total income with passive investments to be financially free. It can start as soon as you learn to manage your money as well as possible. Here's how.

Investing 71

Investing Finance 71

Inman

OCTOBER 31, 2023

The wrong social media post is like a vampire: It lives forever and sucks the lifeblood of your reputation. Trainer Rachael Hite offers three tips to repel bad juju online.

Agents 180

Agents Marketing 180

BiggerPockets

OCTOBER 31, 2023

Did you catch the “Woodstock for Capitalists” event this year? I’m talking about the Berkshire Hathaway annual meeting in Omaha. I tuned in for the whole event.

Investors 73

Investors Real Estate 73

Inman

OCTOBER 31, 2023

While everyone waits and worries about the outcome of the current commission trial, there's already a perfectly simple solution to defining and communicating with buyers about your commission, writes broker-owner Teresa Boardman.

Buyers 176

Buyers Brokerage Agents Marketing 176

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky. Consider these four factors to avoid pulling a figure out of thin air. 1.   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Inman

OCTOBER 31, 2023

Available everywhere except New York, loanDepot's new "accessZERO" program provides a down payment of up to 5 percent in the form of a 10-year fully amortized second mortgage.

Buyers 176

Buyers Mortgage Insurance Tools 176

Lamacchia Realty

OCTOBER 31, 2023

Lamacchia Luxury is working hand in hand with Cervera Real Estate to market The Residences at 1428 Brickell in Miami to our Northeast clients and fellow REALTORS® who are looking to purchase a second home or to relocate to South Florida. These “homes in the sky” are a limited collection of just 189 exclusive residences that are meticulously designed to complement the natural flow of life.

Realty 67

Realty Clients Realtors Design 67

Inman

OCTOBER 31, 2023

Housing prices increased 0.4 percent between July and August and were up 2.6 percent on an annual basis, representing new highs in many markets.

Finance 176

Finance Marketing Agents 176

BiggerPockets

OCTOBER 31, 2023

This renowned CEO sounded off on central banks and flimsy economic forecasts at a recent summit in Saudi Arabia. Here's what they had to say.

Investors 71

Investors Real Estate 71