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Tampa-area Realtor associations are merging

Housing Wire

Two major Realtor associations announced a merger last week that would make the unified group the third largest in Florida and the sixth largest in the U.S. The news was first reported by Real Estate News and Inman. Tampa Bay Realtors will be led by co-CEOs David Bennett of PRO-CPRO and Jason Outman of GTR.

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Nevada real estate firms hit with second commission lawsuit

Housing Wire

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

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Illinois Realtors partner with HousingWire to unlock The Full Picture 

Housing Wire

housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. Read the latest real estate coverage from HousingWire here.

Realtors 357
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47 Texas real estate firms, associations get hit with second commission lawsuit

Housing Wire

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

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Warren Buffett: Real estate agent commission structure “has worked out very well”

Housing Wire

“There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,” Abel said. “So, I know how long they work on things sometimes that don’t materialize.”

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‘This is a great time for women to be in real estate,’ survey finds 

Housing Wire

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. This is a great time for women to be in real estate,” Laura Adams, senior real estate analyst at AceableAgent, told HousingWire.

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Warren Buffett dragged into real estate commission lawsuit fray

Housing Wire

The legendary billionaire CEO of Berkshire Hathaway , Warren Buffett , has found himself at the center of one of the nation’s largest real estate commission lawsuits. Buffett’s firm Berkshire Hathaway owns 92% of Berkshire Hathaway Energy Company and real estate firm HomeServices of America is a subsidiary of the company.