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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

Training 435
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Sotheby’s affiliate adds senior VP to oversee Florida, North Carolina projects

Housing Wire

Additionally, he will also hire, train and manage sales teams; develop strategic relationships with developers and brokers across the company’s markets; and exclusively represent select new development projects. In 2022, Kaufman co-founded AdaMark Residential , where he served as president.

Realty 435
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Lamacchia Realty continues acquisition spree with Berkshire Dream Home

Housing Wire

According to the release, in was the top firm in Berkshire County for transaction sides in 2022 and 2023. I have no doubt that together we will be even stronger and will serve all the clients and Realtors even better.” Berkshire Dream Home was founded in 2014 by Andy and Sarah Perenick.

Realty 448
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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In settling this lawsuit, Real joins Compass , the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers. “We The Real Brokerage closed $14.4

Brokerage 397
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How JVM Lending plans to expand without any loan originators

Housing Wire

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. I thought it was sparse.

Lending 418
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Consumer advocate says policy changes are needed to help FHA buyers compete

Housing Wire

in 2022, according to HUD. Department of Housing and Urban Development ( HUD), state attorneys general and fair housing organizations to start applying this legal framework to homebuyers FHA loans accounted for 15.6% of the U.S. mortgage market in 2023, up from 14.3%

Buyers 475
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Glenn Kelman says Redfin has ‘very good defenses’ for commission lawsuit

Housing Wire

In regards to the outcome of the Sitzer/Burnett commission lawsuit , Kelman said it was one that Redfin has long prepared for, which he felt was evident in the firm’s commitment to giving consumers a better deal and the announcement of their break from the National Association of Realtors. million in Q3 2022.

Agents 476