Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. 1, 1996 through the present, purchased in the United States residential real estate that was listed on an NAR MLS.”

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Real Estate Realtors Sellers Agents 423

Housing Wire

MAY 1, 2024

district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. 1, 1996, and the present. On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S.

Sellers 411

Sellers Realtors Real Estate Agent Real Estate 411

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 22, 2019, and the present.

Real Estate 440

Real Estate Real Estate Agent Sellers Realty 440

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. Lyon & Associates , Guide Real Estate , Paul M. Zagaris Real Estate , and Anywhere franchise Century 21 Select Real Estate , are also defendants in the lawsuit.

Realtors 364

Realtors Real Estate Real Estate Agent Buyers 364

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. 27, 2019, and the present.

Sellers 402

Sellers Brokerage Real Estate Realtors 402

Housing Wire

APRIL 30, 2021

Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale. You know what’s annoying? Already a member?

Real Estate 433

Real Estate Real Estate Agent Agents Legal 433

Housing Wire

JANUARY 16, 2024

A few days ago, the three main defendants— National Association of Realtors , Keller Williams and HomeServices —in the Sitzer/Burnett case filed two motions with the court. So, while I make no claim as to the specific deep legal issues, I have some familiarity of antitrust actions and more in the conduct of legal actions in a courtroom.

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Agents Law Sellers Legal 368

Housing Wire

JANUARY 8, 2024

31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions. The parties had since Oct.

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Law Real Estate Real Estate Agent Legal 355

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. Despite being listed in the suit, the four MLSs are not listed as defendants.

Real Estate 426

Real Estate Real Estate Agent Realtors Buyers 426

Housing Wire

NOVEMBER 14, 2023

The lawsuit accuses its 29 defendants of colluding to artificially inflate real estate agent commissions. Instead, the Texas Association of Realtors , as well as local Realtor group the Austin Board of Realtors , MetroTex Association of Realtors , Houston Association of Realtors are named.

Real Estate 404

Real Estate Realtors Realty Buyers 404

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Its agents also offer buyer broker compensation.

Real Estate 415

Real Estate Sellers Realtors Real Estate Agent 415

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. 8, 2019, and the present. The National Association of REALTORS will respond to this complaint in court.”

Realtors 439

Realtors Sellers Buyers Real Estate 439

Housing Wire

NOVEMBER 2, 2023

The National Association of Realtors’ longtime CEO Bob Goldberg is leaving the trade association, multiple sources with knowledge of the situation have confirmed to HousingWire Thursday morning. “We This came in the wake of the sexual harassment allegations brought forth in a New York Times exposé.

Real Estate Agent 478

Real Estate Agent Realtors Real Estate Development 478

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 362

Real Estate Sellers Realtors Brokerage 362

Housing Wire

NOVEMBER 9, 2023

In her first video appearance since the jury verdict in the Sitzer/Burnett commission lawsuit , National Association of Realtors president Tracy Kasper told NAR members that she shares their disappointment in the decision.

Agents 417

Agents Legal Sellers Clients 417

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 11, 2024

The Real Estate Board of New York is now fighting a second copycat commission lawsuit. The proposed class for the suit includes all persons that sold residential real estate in REBNY Brooklyn using the services of one of the defendants and paid a buyer broker commission from Dec. 29, 2019, to the present.

Real Estate 404

Real Estate Sellers Real Estate Agent Agents 404

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present. Both lawsuits are seeking class-action status. These allegations are absurd.

Realty 422

Realty Realtors Brokerage Real Estate 422

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. Warner claimed that Blefari’s statements were not a rule for agents to follow, but an example of what Blefari would do.

Law 419

Law Agents Realtors Contracts 419

Hank Miller Team

NOVEMBER 16, 2022

Here’s a fun fact, real estate agents in GA have no fiduciary responsibility to their client or customer. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests. Are Real Estate Agents in GA Fiduciaries? Some may ask, “what does that mean”?

Real Estate Agent 52

Real Estate Agent Real Estate Agents Clients 52

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation is still legal,” Papasan stressed. The executives said they received more than 150 questions.

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Agents Advertising Real Estate Buyers 411

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

Real Estate 409

Real Estate Brokerage Sellers Law 409

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

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Real Estate Real Estate Agent Brokerage Agents 394

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 389

Buyers Agents Loan Officers Real Estate 389

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

Brokerage 408

Brokerage Real Estate Agents Sellers 408

Housing Wire

APRIL 28, 2022

billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents. Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6 Realogy generated $1.6

Mortgage 359

Mortgage Brokerage Agents Real Estate Agent 359

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. And are these numbers for real? What builders don’t need is a realtor to list their homes in a traditional way. Ben Caballero.

Realtors 339

Realtors Real Estate Agent Agents Real Estate 339

Housing Wire

SEPTEMBER 22, 2023

The National Association of Realtors continues to face demands for change from staffers and members in the wake of the sexual harassment allegations brought forth in the New York Times exposé. “We represent all levels of management, in both D.C. and Chicago,” the letter, which was first reported on by Inman News , states.

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Law Legal Human Resources Realtors 375

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 386

Property Management Real Estate Agents Brokerage 386

Housing Wire

DECEMBER 26, 2023

You’ll need to complete 75 hours of prelicensing classes to get licensed as a real estate agent in North Carolina. We’ve done the research for you, evaluating the many courses available to pinpoint the best real estate schools in North Carolina to help you pass the state exam and set you up for early career success.

Real Estate 390

Real Estate Real Estate Agent Design Law 390

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. We would imagine it's the same in most real estate markets around the country as we have found the same to be true of homes for sale in Charlotte as well.

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Eppraisal

OCTOBER 23, 2023

The other party has no obligation to respond to you, but your real estate agent can reach out to learn their motivation for declining your proposal. Your real estate agents can go back and forth multiple times until all parties agree to everything or reach an impasse. The seller can pick a different one.

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Real Estate Agent Sellers Inspection Real Estate 69

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 310

Real Estate Brokerage Buyers Property Management 310

Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. These employee agents are exceedingly more productive than the average independent contractor agent. Redfin was an amazing place to start my real estate career.

Business 369

Business Brokerage Real Estate Agent Agents 369

Raleigh Realty

AUGUST 17, 2021

It should be noted that not every state uses due diligence fees in real estate transactions, so it is important to consult with your real estate agent so they may educate you on the legal implications of a housing contract. You can be present during your inspection, but it is not required.

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Real Estate Real Estate Agent Contracts Inspection 148

McKissock

SEPTEMBER 20, 2021

Real estate risk management is an important concern for agents. Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. The remaining articles deal with Board of Realtors® proceedings and duties to other Realtors®.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Lamacchia Realty

AUGUST 15, 2023

Let’s face it, we’ve all seen the online ads and billboards (and we’ve definitely seen that certain famous caveman) for real estate businesses offering to buy your home quickly and with cash. Within a couple days, the homeowners are presented with a cash offer. In many cases, a home can be sold within days.

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Buyers Real Estate Agent Real Estate Realty 56