Housing Wire

JULY 23, 2021

How, if at all, does it practically affect agents? Mathew Blake: This is not an obscure, legal matter. Many scholars and antitrust lawyers, but not many agents, say U.S. real estate commissions are artificially inflated by an illegal horizontal conspiracy between NAR and brokerages. Become a member today.

Real Estate Agent 414

Real Estate Agent Real Estate Agents Brokerage 414

Housing Wire

APRIL 10, 2024

I think it’s exactly what real estate agents need and what the industry has not been able to offer until now,” Berkin said in a statement. . “I’m hoping it can be the dominant organization nationwide.

Real Estate Agent 450

Real Estate Agent Real Estate Agents Brokerage 450

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions.

Agents 423

Agents Legal Real Estate Agent Buyers 423

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. “I

Legal 421

Legal Real Estate Real Estate Agent Law 421

Housing Wire

SEPTEMBER 25, 2023

MV Realty operated in 33 states and has more than 500 real estate agents. The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts.

Realty 442

Realty Real Estate Agent Legal Agents 442

Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. This change will not affect agents that retire or leave the real estate brokerage business.

Brokerage 493

Brokerage Legal Agents Realty 493

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. Few professions are told that more repeatedly than real estate agents.

Real Estate 433

Real Estate Real Estate Agent Agents Legal 433

Housing Wire

OCTOBER 27, 2023

You’re asking them to try to take the place of real estate agents who guide consumers through all the legal, financial and community complexities of buying a home even as 89% of homebuyers would use their agent again or recommend their agent to others. They decipher public property information.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

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 Brokerage 52

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo.

Finance 380

Finance Real Estate Agent Loan Officers Legal 380

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs.

Real Estate Agent 441

Real Estate Agent Sellers Buyers Agents 441

Housing Wire

NOVEMBER 28, 2023

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. As industry players scramble to assess the fallout, there’s a silver lining for the astute – opportunity amidst chaos.

Real Estate 326

Real Estate Real Estate Agent Loan Officers Clients 326

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

NOVEMBER 9, 2023

With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal issues NAR is currently facing in the public. NAR’s approach exhibits a lack of emphasis on making real estate agents substantially better at what they do.

Real Estate Agent 404

Real Estate Agent Real Estate Agents Realtors 404

Housing Wire

JANUARY 22, 2024

According to Friedman’s initial complaint, this artificially inflated real estate agent commissions. 2023, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation.

Real Estate Agent 424

Real Estate Agent Real Estate Agents Sellers 424

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.”

Real Estate Agent 404

Real Estate Agent Real Estate Agents Brokerage 404

Housing Wire

AUGUST 21, 2023

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate , the court made it clear that Zillow’s fight is far from over. It is literally false not to characterize REX’s listings as ‘Agent Listings.’

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Advertising Real Estate Agent Real Estate Agents 370

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. JND Legal Administration is in charge of distributing the mailers, emails and press releases. Millions are expected to be sent out across America. “If

Agents 424

Agents Legal Realtors Clients 424

Housing Wire

OCTOBER 19, 2021

The passage of the so-called “heartbeat bill” in Texas and similar laws in other states, access to legal and safe abortions has become a major concern for some recent movers. About one-in-seven people who recently moved said they would not live in a place where abortion is fully legal, according to a Redfin report released this week.

Law 414

Law Legal Real Estate Agent Real Estate 414

Housing Wire

MARCH 11, 2022

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. and 5:30 a.m. accessing “password-protected” company computers to steal client data.

Real Estate 370

Real Estate Realty Real Estate Agent Legal 370

Housing Wire

JULY 19, 2023

Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months.

Real Estate 368

Real Estate Legal Brokerage Clients 368

Housing Wire

JANUARY 8, 2024

We are currently evaluating the substance of the motion and the best manner for HomeServices to continue to protect those we represent and defend our position in the appropriate legal forums,” the statement continued.

Real Estate 411

Real Estate Realty Real Estate Agent Legal 411

Housing Wire

APRIL 11, 2024

Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain.

Real Estate 469

Real Estate Law Realtors Legal 469

Housing Wire

MAY 6, 2021

After talking to some of the biggest stakeholders in the industry about real estate commissions, he shares his findings and takeaways in this ask-me-anything conversation. Some people just choose to go with certain agents and pay more for that service. The following Q&A has been lightly edited for length and clarity.

Real Estate 414

Real Estate Real Estate Agent Agents Legal 414

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. The legal threat that looms largest is what’s known as the “Moehrl case.” Congratulations!” You just sold your house.” And that was that! See the house?

Agents 404

Agents Real Estate Agent Brokerage Real Estate 404

Housing Wire

AUGUST 6, 2021

will pay a $1 million fine for improper benefits given to California real estate agents. The company also agreed to pay $185,000 to cover the department’s legal and investigative costs. California prohibits title agents from providing perks to real estate agents as business inducements.

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Agents Real Estate Agent Insurance Real Estate 424

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?

Real Estate 423

Real Estate Real Estate Agent Brokerage Agents 423

Housing Wire

JANUARY 11, 2024

There was industry-wide shock when the Missouri jury found NAR, Keller Williams and HomeServices of America liable for colluding to artificially inflate real estate agent commissions.

Real Estate Agent 433

Real Estate Agent Real Estate Buyers Agents 433

Housing Wire

APRIL 23, 2024

Sears also noted that it was important that the settlement agreement continued to provide consumers with choices in how they can compensate their agents, if they choose to work with a real estate agent. Sears told HousingWire that news of the settlement agreement achieving preliminary approval was “very satisfying.”

Realtors 360

Realtors Brokerage Agents Real Estate 360

Housing Wire

JANUARY 11, 2024

Getting your real estate license in California can take as little as 7.5 We’ll show you how to get a real estate agent in California, taking you through the process step-by-step. You’ll begin by fulfilling the required 135 California real estate course hours. Need more details about the process?

Real Estate 412

Real Estate Real Estate Agent Agents Law 412

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. This week alone two new lawsuits were filed in Florida and Pennsylvania.

Brokerage 424

Brokerage Realty Real Estate Agent Real Estate 424

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. HomeServices of America filed three post-trial motions Monday evening.

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Law Real Estate Real Estate Agent Legal 409

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

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Real Estate Brokerage Training Agents 412

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.

Sellers 414

Sellers Brokerage Real Estate Realtors 414

Housing Wire

JANUARY 16, 2024

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. They entered into listing agreements with seller agents and agreed to the terms of those agreements without being under any duress to do so.

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Agents Law Sellers Legal 412

Cleveland Appraisal Blog

MAY 26, 2023

Because in both instances, they first had their homes valued by real estate agents, not appraisers. But the owner felt that a real estate agent could do the same type of valuation as an appraiser. And the agent they initially used was less expensive than hiring a certified appraiser.

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Appraisal Real Estate Agent Real Estate Agents 302

CA Realty Training

JULY 19, 2021

That’s how successful real estate agents create successful careers. This method is a set of ethical rules that agents follow to build a trustworthy relationship with clients. So, let’s explore the fiduciary duties of a real estate agent are so you can start building trust. What does fiduciary mean?

Real Estate Agent 53

Real Estate Agent Real Estate Agents Clients 53