Housing Wire

APRIL 11, 2023

Real estate transactions can be complicated, especially when it comes to titles and escrow. As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. What is a title in the context of real estate?

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Real Estate Legal Sellers Buyers 355

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

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Real Estate Brokerage Sellers Law 399

Housing Wire

MAY 6, 2024

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., Alex Kelly, the Secretary of Commerce; Patricia Fitzgerald, the chair of the Florida Real Estate Commission; as well as several state attorneys. District Court in Miami.

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Law Real Estate Real Property Contracts 301

Housing Wire

OCTOBER 31, 2023

billion in damages, many questions still remain about what this means for the real estate industry, as the defendants still await Judge Stephen Bough’s final judgment. It is a situation where buyers need to pay their own agents and sellers have to pay their agent separately?”

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Real Estate Landlords Law Design 452

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

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Real Estate Realtors Realty Buyers 403

Housing Wire

JULY 28, 2023

Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Demonstrate your values to customers Buyers and sellers want more than just transactional relationships with their agents.

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Real Estate Agent Real Estate Agents Clients 316

Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Friction comes when the seller, seller’s agent, buyer, and buyers’ agents now have to negotiate the compensation among the parties.

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Real Estate Realtors Agents Buyers 344

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Real Estate Agent Real Estate Agents Brokerage 377

Housing Wire

FEBRUARY 9, 2021

Real estate is an attractive field for experienced and aspiring entrepreneurs alike. The urge to innovate in real estate is only natural — any homebuyer or seller who is a creative problem-solver will notice glaring inefficiencies in the process. Both sellers and buyers have a lot to lose. Emotions run high.

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Real Estate Agents Technology Sellers 464

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. housing market.

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Agents Legal Real Estate Agent Buyers 366

Housing Wire

APRIL 15, 2024

Additionally, 18 of the respondents identified as team leaders, 112 identified as real estate sales associates or broker associates, and 15 identified their position as other, with the most common response being broker-owner of their firm. Most buyers here cannot pay realtor commissions because they are VA (Veterans Affairs borrowers).”

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Inventory Agents Real Estate Sellers 376

Housing Wire

SEPTEMBER 27, 2023

As global tensions have escalated in recent years so, too, have concerns in the United States about the ownership of real estate by people from other countries — especially those from adversary nations. Sellers must have confidence that it is not their responsibility to verify the national origin of the buyer.

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Law Real Estate Legal Insurance 345

Housing Wire

NOVEMBER 9, 2023

“We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

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Housing Wire

FEBRUARY 21, 2024

HomeServices of America can preserve some of its legal war chest — for now, at least. The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. Judge Andrea Wood of the U.S.

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Brokerage Realtors Real Estate Law 339

Lamacchia Realty

MAY 6, 2024

WHY YOU NEED A REAL ESTATE ATTORNEY WHEN BUYING A HOME When buying a home, you might wonder, “Do I need a real estate attorney, or is my real estate agent enough?” Before we dive into the details, let’s talk about what services a real estate attorney can provide.

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Real Estate Legal Law Contracts 70

Housing Wire

MARCH 29, 2024

residential real estate market that lacks empirical support, conflicts with principles of the Sherman Act, and has negative practical implications for consumers which DOJ has not taken into account.” According to CMLS’ reading of the proposed agreement, two main policy changes are proposed.

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Sellers Real Estate Buyers Contracts 413

Housing Wire

APRIL 12, 2023

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. The victims targeted can be lenders, real estate agents, title companies and other escrow agents, attorneys as well as homebuyers and sellers.

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Real Estate Government Technology Real Estate Agent 359

Housing Wire

MAY 3, 2024

17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. In addition, agents and brokers will be required to provide compensation disclosures to sellers. Originally, the trade group had said the practice changes would go into effect in mid-July.

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Sellers Legal Buyers Realtors 440

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

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Agents Advertising Real Estate Buyers 391

Housing Wire

NOVEMBER 8, 2023

Current legislative proposals would require states to “mandate a real estate-related disclosure form with specific flood-related questions,” which would require 49 states to “make significant amendments to its laws and regulations” leading to an administrative and enforcement burden, NAR said.

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Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Sellers Buyers Real Estate Agents 413

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.”

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Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I In Orange County, California, Dan Smith — the co-founder of Anvil Real Estate , which is brokered by white label firm Side — said he and his 84 agents began preparing for seismic shifts in the industry in mid-October of last year.

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Brokerage Real Estate Agents Sellers 396

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. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers.

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Real Estate Realtors Sellers Agents 421

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.” Having to be somebody’s confidant and advisor on the real estate part would be “tough.”

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. 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. What do the postcards say?

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Agents Legal Realtors Clients 389

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I Hilary Saunders speaks at The Gathering by HousingWire on Monday, April 22.

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Brokerage Legal Fees Real Estate Agents 377

Housing Wire

MARCH 5, 2024

The homebuyer plaintiffs in the Batton II commission lawsuit in Illinois made the decision to voluntarily dismiss defendant Howard Hanna Real Estate Services from the lawsuit without prejudice. Howard Hanna Real Estate declined to comment on the development. In a document filed on Monday with U.S. In her ruling Wood $5.36

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Real Estate Real Estate Agent Sellers Realtors 366

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

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.

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Real Estate Law Realtors Legal 402

Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. While this is certainly not the only lawsuit Redfin has been named a defendant in, it is the first suit in which it is named as the sole real estate brokerage defendant. Filed on Tuesday in U.S. 2, 2019, and Oct.

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Realtors Legal Agents Brokerage 369

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. This system, with its veiled surcharges, illegally warps the real estate market.”

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Real Estate Real Estate Agent Sellers Realty 434

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business.

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Advertising Brokerage Real Estate Legal 372

Housing Wire

NOVEMBER 10, 2023

It appears that no real estate brokerage firm in the U.S. On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. Real Estate , Modern Spaces , The Agency , The Modlin Group , Nest Seekers International , Oxford Property Group , R New York , RE/MAX , SERHANT. is safe from a commission lawsuit.

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Real Estate Brokerage Sellers Law 446

Housing Wire

JANUARY 11, 2024

The Real Estate Board of New York is now fighting a second copycat commission lawsuit. In addition to REBNY and Douglas Elliman, the complaint names Christie’s International Real Estate , Brown Harris Stevens , SERHANT. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves.

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Real Estate Sellers Real Estate Agent Agents 385

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. Westside MLS.

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Realtors Brokerage Realty Real Estate 500

Housing Wire

NOVEMBER 9, 2023

According to Kasper, while the plaintiffs are portraying this outcome as a win for consumers, getting rid of cooperative compensation will only harm homebuyers and sellers. As she has stated previously, NAR plans to appeal the verdict and that Sitzer/Burnett saga is far from over.

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Agents Legal Sellers Clients 404