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.

Real Estate 395

Real Estate Brokerage Sellers Law 395

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.

Real Estate 405

Real Estate Realtors Realty Buyers 405

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. Next, the discussion of real estate agent commissions has been longstanding.

Real Estate Agent 275

Real Estate Agent Real Estate Agents Sellers 275

Housing Wire

APRIL 15, 2024

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. These clarifications come after the National Association of Realtors (NAR) reached a nationwide settlement agreement with the plaintiffs in the commission lawsuits.

Buyers 529

Buyers Agents Real Estate Agent Sellers 529

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Clients 421

Housing Wire

OCTOBER 31, 2023

It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. 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.

Real Estate 448

Real Estate Landlords Law Design 448

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Together, BeachesMLS and MIAMI SEFMLS serve more than 103,000 real estate professionals.

Realtors 342

Realtors Brokerage Agents Real Estate 342

Housing Wire

OCTOBER 19, 2023

In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. Starting Jan.

Sellers 427

Sellers Agents Brokerage Real Estate 427

Housing Wire

JANUARY 23, 2024

Mauricio Umansky, founder of The Agency and star of Buying Beverly Hills, and Compass agent and NAR Accountability Project founder Jason Haber are making good on a promise to explore a real estate professional trade organization alternative to the National Association of Realtors.

Real Estate 432

Real Estate Agents Realtors Brokerage 432

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 354

Real Estate Agent Real Estate Agents Sellers 354

Housing Wire

JUNE 23, 2022

Many believed Realtors were next. At the time, there were 716,000 Realtors in America. Today, there are 1,563,000 Realtors in America. As I write this, there is one Realtor for every 165 adult Americans (by comparison, there’s 1 physician for every 262 adult Americans, and one lawyer for every 250).

Realtors 366

Realtors Real Estate Buyers Business 366

Housing Wire

MARCH 8, 2024

Success in the real estate industry hinges not just on what you know, but who you know. For real estate professionals , turning networking into a regular practice is key to long-term success. Cultivate genuine relationships Another crucial aspect of networking in real estate lies in forging genuine connections.

Real Estate 331

Real Estate Tools Clients Project Management 331

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents. Buyers may begin to go directly to listing agents.

Realtors 409

Realtors Brokerage Agents Buyers 409

Housing Wire

MAY 26, 2023

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 360

Sellers Real Estate Realtors Real Estate Agent 360

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. Anywhere is just one of the many defendants in these lawsuits, which also include Keller Williams , RE/MAX , HomeServices of America and the National Association of Realtors.

Real Estate 417

Real Estate Buyers Legal Realtors 417

Housing Wire

NOVEMBER 30, 2023

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers. When you buy through our links, we may earn a commission. out of 5.

Real Estate 387

Real Estate Realtors Real Estate Agent Law 387

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. The rule change will prohibit listing brokers from paying buyer’s agents and will instead require sellers to pay them directly if they choose to pay them at all. Point taken.

Real Estate 389

Real Estate Realtors Agents Buyers 389

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

Realtors 410

Realtors Law Agents Real Estate 410

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.

Realtors 491

Realtors Brokerage Realty Real Estate 491

Housing Wire

JANUARY 29, 2024

That’s where real estate testimonials come into play. According to the National Association of Realtors® (NAR), 89% of buyers would recommend their real estate agent to others. Further, their study found that 36% of sellers who worked with an agent found them through a referral by friends or family.

Real Estate 387

Real Estate Clients Real Estate Agent Agents 387

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model.

Real Estate 341

Real Estate Brokerage Agents Training 341

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. And this one, “If not for the Realtors rule, many buyers wouldn’t use brokers or would negotiate lower commissions.

Real Estate 343

Real Estate Realtors Agents Buyers 343

Housing Wire

JANUARY 29, 2024

Ready to launch your real estate career in Utah? You’ll need to complete a 120-hour approved course and sit the state licensing exam to become a real estate agent in Utah. Choosing right school and program will help you ace the Utah real estate exam and provide the foundation for success in your new career.

Real Estate 329

Real Estate Real Estate Agent Agents Law 329

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5%

Realty 460

Realty Realtors Real Estate Real Estate Agent 460

Housing Wire

DECEMBER 7, 2023

Many Massachusetts real estate schools offer online courses. After completing an approved course of study, you’ll be able to sit the state real estate exam. Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.

Real Estate 331

Real Estate Real Estate Agent Law Brokerage 331

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. One of the best ways to help first responders is to be of service yourself, as a professional real estate advisor.

Real Estate 390

Real Estate Government Law Buyers 390

Housing Wire

JANUARY 10, 2024

In the world of real estate , transactions are not merely about properties but also the people behind them. Rethinking branded gifts One common practice in the real estate industry is gifting branded items like Cutco knives to home buyers and sellers. I have a colleague who’s a creative, gift-giving Realtor.

Real Estate 328

Real Estate Clients Retail Client Relationships 328

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. The suit was filed on Monday in U.S.

Realtors 407

Realtors Real Estate Agent Real Estate Sellers 407

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.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Brokerage 370

Housing Wire

FEBRUARY 6, 2024

In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit. The lawsuit was originally filed in early January.

Realty 351

Realty Realtors Real Estate Brokerage 351

Housing Wire

MARCH 7, 2024

District Court of Nevada in early January 2024, the Whaley suit (like other commission lawsuits) accuses real estate industry players of colluding to artificially inflate agent commissions. In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. Opendoor did not return a request for comment.

Realty 344

Realty Real Estate Realtors Brokerage 344

Housing Wire

APRIL 1, 2021

Sudi Hernandez of Cloud 9 Real Estate Group loses leads when a client hears her Cuban accent. Amy Kong of Trust Real Estate hosts open houses where people ask, “Where is the agent?”. These are instances of racism experienced by Hispanic, Black and Asian real estate agents. That compares to a U.S.

Real Estate Agent 380

Real Estate Agent Real Estate Agents Open Houses 380

Housing Wire

JANUARY 19, 2024

Real estate professionals in California are facing yet another commission lawsuit. 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. Filed on Thursday in U.S.

Realtors 333

Realtors Real Estate Real Estate Agent Buyers 333

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The National Association of REALTORS will respond to this complaint in court.”

Realtors 429

Realtors Sellers Buyers Real Estate 429

Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

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

Real Estate 359

Real Estate Real Estate Agent Sellers Realtors 359