Remove 2004 Remove Brokerage Remove Legal
article thumbnail

Keller Williams faces another lawsuit by a former agent

Housing Wire

McFarlane was associated with Keller Williams from 2004 to 2018. It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program. But that policy did not impact agents who joined before April 1, 2020.

Agents 459
article thumbnail

Keller Williams settles some of the lawsuits tied to its profit-sharing program

Housing Wire

Keller Williams ‘ legal worries just got a little lighter. The Mcfarlane suit, which was filed in early May by James Mcfarlane — who was brokered with Keller Williams from 2004 to 2018 — is just one of more than a dozen lawsuits filed by former KW agents. The changes had been slated to go into effect in July 2024.

Brokerage 448
Insiders

Sign Up for our Newsletter

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

article thumbnail

Bay Area team bolts Compass for Side

Housing Wire

OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. The brokerage, which declined comment, has hundreds of agents in Marin County – which lies just north of San Francisco County – and is the no. billion in VC cash.

Brokerage 370
article thumbnail

CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

In the lawsuit, Shkipin alleged that a number of lenders operate “paper brokerages” to squeeze fees from real estate agents, which are passed onto the consumer, who pays for poor service. Shkipin claims that under RESPA, referral payments are only permitted when all parties are acting on behalf of brokerages.

article thumbnail

Objections abound as NAR settlement approaches final approval date

Housing Wire

There’s less than a month until the final approval hearing for the commission lawsuit settlement agreements reached by the National Association of Realtors , HomeServices of America , and other brokerages and non-Realtor-affiliated MLSs that opted in to NAR’s settlement. Ahead of that date, the objections have started to roll in.

Sellers 448
article thumbnail

Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans. With a two-year-old, I couldn’t meet the quota,” she said.

Business 370
article thumbnail

Top brokerage execs see silver linings in commission lawsuits

Housing Wire

I remember leading KW back in 2004 when Zillow showed up and everyone thought the sky was falling. Willis likened the pressures currently facing the industry to the concerns and pressure felt in the early 2000s after the emergence of Zillow. “In In terms of transparency, I don’t think we have anything to fear here.

Brokerage 447