Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

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Sellers Agents Brokerage Real Estate 432

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 441

Realtors Law Agents Real Estate 441

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). The net of this?

Realtors 397

Realtors Real Estate Buyers Business 397

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots.

Sellers 384

Sellers Real Estate Realtors Real Estate Agent 384

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. Moving forward, the GSEs say that if these fees continue to be “customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.”

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Buyers Agents Real Estate Agent Sellers 530

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. It was filed on Wednesday in U.S.

Realtors 531

Realtors Brokerage Realty Real Estate 531

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.

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Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

FEBRUARY 16, 2024

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. District Court in Las Vegas by Nevada home seller Angela Boykin. The copycat commission lawsuit was filed on Friday in U.S. 16, 2020, and the present.

Real Estate 441

Real Estate Realtors Realty Brokerage 441

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market.

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Realtors Housing Market Marketing Buyers 397

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. She is also filing the suit as both a home seller and a homebuyer. District Court for the Eastern District of California in Sacramento.

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Realtors Agents Sellers Real Estate 429

Housing Wire

MARCH 28, 2022

As lenders adapt to a purchase-centered market , HousingWire spoke to Brian Boero, CEO of 1000watt , about opportunities to grow lenders’ effectiveness in the Realtor and broker market. HousingWire: What’s happening right now in the Realtor world that lenders should know more about? This has created an environment of scarcity.

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Realtors Real Estate Agent Marketing Advertising 370

Housing Wire

DECEMBER 15, 2023

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. As the saying goes, everything is bigger in Texas.

Real Estate 473

Real Estate Realtors Realty Real Estate Agent 473

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states.

Realtors 450

Realtors Sellers Buyers Real Estate 450

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

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Real Estate Agent Realtors Real Estate Sellers 426

Housing Wire

JANUARY 16, 2024

The complaint names the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS as defendants. 15, 2020, and the present.

Realtors 450

Realtors Real Estate Agent Real Estate Sellers 450

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions.

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Realtors Sellers Buyers Appraisal 342

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. This provision has the potential to inflate seller or buyer costs,” the report states.

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Buyers Contracts Agents Realtors 446

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%

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Realty Realtors Real Estate Real Estate Agent 466

Housing Wire

FEBRUARY 21, 2024

Wood wrote on Tuesday that home sellers were “better suited to seek injunctive relief.” billion Sitzer/Burnett verdict , in which the National Association of Realtors (NAR), Keller Williams and HomeServices affiliates were found to have conspired to inflate or stabilize commissions paid by sellers. “To

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Brokerage Realtors Real Estate Law 407

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.

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Realty Realtors Real Estate Brokerage 409

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.

Realty 432

Realty Realtors Brokerage Real Estate 432

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

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Sellers Buyers Agents Real Estate Agent 431

Housing Wire

JANUARY 19, 2024

Unlike other MLSs, MetroList is not exclusively owned or operated by Realtor associations affiliated with the National Association of Realtors. Instead MetroList is owned and operated by local Realtor associations and California Real Estate Brokers, Inc. The lawsuit is seeking class action status for all persons in the U.S.

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Realtors Real Estate Real Estate Agent Buyers 424

Housing Wire

JANUARY 26, 2024

When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits. Nevada’s unusual commission lawsuit is no longer so unusual.

Brokerage 431

Brokerage Realty Realtors Sellers 431

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.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

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Realtors Inventory Real Estate Sellers 391

Inman

FEBRUARY 27, 2024

Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds.

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Realtors Sellers Tools Buyers 178

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. The National Association of REALTORS® is reviewing this new filing and will respond to it in court.”

Sellers 432

Sellers Realtors Buyers Agents 432

Housing Wire

MARCH 28, 2024

The National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA) are asking federal housing officials to confirm their treatment of interested party contributions (IPCs) to home purchase transactions. Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

Real Estate Agent 450

Real Estate Agent Sellers Buyers Agents 450

Housing Wire

MARCH 7, 2024

In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. These organizations included the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS.

Realty 419

Realty Real Estate Realtors Brokerage 419

Housing Wire

MARCH 5, 2024

While the suit pertains to homebuyers and not sellers, the issue of real estate agent compensation is central to the suit. This second lawsuit was filed in early November, just days after the verdict in the Sitzer/Burnett commission lawsuit in Missouri. In her ruling Wood $5.36

Real Estate 430

Real Estate Real Estate Agent Sellers Realtors 430

Inman

MAY 9, 2023

Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday.

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Realtors Sellers Agents Buyers 148

Housing Wire

OCTOBER 25, 2023

As Ketchmark began his questioning, he tried to show that the structure of HomeServices as the parent company of so many affiliates and franchises had the effect of enforcing the National Association of Realtors’ commission and Clear Cooperation policies. It’s a negotiation with the seller.”

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Sellers Realtors Agents Buyers 421

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 431

Realtors Legal Agents Brokerage 431

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. The rules explicitly forbid negotiations over the buyer broker’s compensation by either the buyer or the paying seller,” the complaint states.

Real Estate 450

Real Estate Real Estate Agent Sellers Realty 450

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit. “The In a lawsuit filed on Tuesday in U.S.

Brokerage 420

Brokerage Sellers Realtors Agents 420

Lamacchia Realty

APRIL 19, 2024

With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Needless to say, Lynn is highly experienced in her craft of working with buyers and sellers, and successfully helping them achieve their goals!

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Realty Realtors Training Clients 73