article thumbnail

FDIC finds banks violated RESPA on mortgage brokerage payments

Housing Wire

The CFPB inherited the responsibility to impose statements of policies (SOPs) created by the Department of Housing and Urban Development (HUD) in 1999 and 2001. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Brokerage 448
article thumbnail

Keller Williams named to yet another profit-sharing lawsuit

Housing Wire

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

Brokerage 476
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compass adds high-profile team to New York City roster

Housing Wire

Compass is already one of the biggest brokerages in New York City — and it just got bigger. The new team joins Compass at a time when the brokerage is aggressively expanding. The Zweben Team , a high-producing group in Manhattan and Brooklyn, have left Douglas Elliman to join Compass at its headquarters in Manhattan. ”

Brokerage 435
article thumbnail

Anywhere senior executive makes the move to Lamacchia Realty

Housing Wire

Despite only a little over a year at Anywhere, Atallah is no stranger to the real estate conglomerate, as he began his career in 2001 as an associate broker at Coldwell Banker before becoming a senior vice president there in 2011 and a regional vice president for the Greater Atlanta region in 2019. “I’m

Realty 448
article thumbnail

One-third of real estate CEO comp is variable, up from 2016

Housing Wire

A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. Non-controlling CEOs are getting bonuses based on brokerage profitability.”. That’s true in many of the leadership positions at a brokerage today.

article thumbnail

Marc King out, Mark Willis in at KW

Housing Wire

According to the annoucment, King, who has been with Keller Williams since 2001, will continue as a training and coaching leader for Keller Williams’ Franchise Systems Orientation and will continue his work updating the Team Leader and Keller Williams experiences.

Training 444
article thumbnail

The evolution of the more productive real estate agent 

Housing Wire

million – brokerages have become less focused on attracting new agents into the industry and instead more focused on increasing the productivity of the agents they have. For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity. Brokerages Invest in Tech.