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Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Defendants in the lawsuit, which was filed in U.S.

Realtors 482
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Virtual staging: The best apps for 2025 + mind-blowing AI picks

Housing Wire

Data from the National Association of Realtors (PDF) shows that 81% of buyers think home staging helps them visualize living in the home. The same report revealed that 72% of listing agents believe virtual staging was at least somewhat important for helping them sell their listings. You worked hard to get your listing.

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DataDigest: The remarkably resilient agent commission rate

Housing Wire

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. The plaintiffs essentially argue that sellers are subsidizing buy-side agents and it’s an anti-competitive practice that lacks transparency. Congratulations!”

Agents 435
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Guaranteed Rate deploys Gateless’ Smart Underwrite solution

Housing Wire

“When Guaranteed Rate introduced the world’s first fully digital mortgage in 2015, it revolutionized the industry. Now, with Smart Underwrite, we can continue to expedite and streamline the process for both our customers and real estate agents.

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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

On average for all areas studied, 70% of agents sold five or fewer homes in the past year, and 49% sold only one or no homes. ” Barriers to entry (or lack thereof) In the second part of his three-part study, published last October, Brobeck argues it is too easy to become a licensed agent.

Agents 459
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The Real Brokerage adds more teams in May

Housing Wire

Its 10 agents serve southeastern Pennsylvania and southern New Jersey. Garrity is a nine-time recipient of the Philadelphia Five-Star Real Estate Agent award. Taylor Real Estate , led by Blake Taylor, has done more than $148 million in business in Texas since 2020, including $29 million in 2023.

Brokerage 459
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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

The National Association of Realtors – the trade group that purports to represent real estate businesses, agents, and consumers – and arguably the four biggest companies in residential real estate: Realogy , Berkshire Hathaway HomeServices of America , RE/MAX , and Keller Williams. The defendants?