Housing Wire

AUGUST 22, 2024

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. For example, of the top 10 brokerages by closed sides in 2013, only three remain in the top 10 in 2023.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

MARCH 29, 2024

Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help real estate brokerages with their recruiting efforts. Courted identified three main problems with how brokerages have historically recruited agents. The company has expanded to 50 markets in the U.S.

Brokerage 447

Brokerage Real Estate Agents Realty 447

Housing Wire

OCTOBER 9, 2024

If commission rates drop significantly as a result of the National Association of Realtors antitrust lawsuit settlement, it’s potentially an existential threat to many brokerages. That’s because many large brokerages still pay for office space and middle management. But which ones and how many?

Brokerage 435

Brokerage Real Estate Agents Realtors 435

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. If added together, Nestfully’s five MLSs have 343,000+ agent and brokerage subscribers.

Realtors 435

Realtors Real Estate Brokerage Agents 435

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

Brokerage 397

Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. DMAR and SMDRA even rewrote the company’s bylaws in 2023.

Realtors 418

Realtors Brokerage Clients Business 418

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

Brokerage 488

Brokerage Real Estate Realtors Legal 488

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. million in sales volume on 1,160 transactions in 2023. While doing competitive research I found eXp to be the most forward-thinking brokerage equipped to lead us through these changing times.” eXp Realty is expanding its footprint in Missouri.

Realty 430

Realty Brokerage Agents Design 430

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Kevin Sears, President of National Association of Realtors. “It

Realty 448

Realty Brokerage Real Estate Realtors 448

Housing Wire

JANUARY 29, 2024

The Kays join John and Nancy Moratis in the suit that was originally filed in early December 2023 in the U.S. As for the defendants, real estate brokerages River Point Realty , Bovard-Anderson , Priority Realty , Rubinoff Realty Services and Found It PA were added in the amended complaint.

Brokerage 432

Brokerage Realty Real Estate Real Estate Agent 432

Housing Wire

SEPTEMBER 11, 2024

Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. He also praises the company for undergoing tremendous growth in 2022 and 2023 after his restructuring efforts. Carrion traces the process back to five years ago, following the death of Bruce Mulhearn , the firm’s previous owner and CEO.

Brokerage 476

Brokerage Agents Real Estate Realtors 476

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In mid-May 2022, REX ceased its brokerage operations. In a verdict announced late Friday afternoon, a jury in a U.S.

Advertising 448

Advertising Brokerage Real Estate Legal 448

Housing Wire

JUNE 28, 2024

The remaining brokerage defendants in the Batton 2 homebuyer commission lawsuit filed a joint motion to dismiss the suit last week. Finally, the defendants also claim that plaintiffs’ complaint is “untimely” as NAR’s rules have been public since 1996, yet the plaintiffs did not file the Batton 2 suit until 2023.

Brokerage 388

Brokerage Realtors Law Real Estate 388

Housing Wire

DECEMBER 4, 2024

While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year.

Brokerage 397

Brokerage Agents Technology Clients 397

Housing Wire

AUGUST 6, 2024

In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to several business practice changes, including a mandate that buyers sign a broker representation agreement prior to going on a home tour with their agent. And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

JUNE 4, 2024

More executive changes are afoot at franchise real estate brokerage RE/MAX. Serene Smith, the chief of staff and chief operating officer at RE/MAX Holdings , has transitioned to a non-executive, part-time role at the brokerage. transaction sides in 2023, more than double the average of other agents.

Brokerage 490

Brokerage Agents Real Estate Realtors 490

Housing Wire

JANUARY 9, 2024

Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS. 5, 2020, and the present. 5, 2020, and the present.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Realty 488

Realty Real Estate Technology Lending 488

Housing Wire

MARCH 1, 2023

The 2023 Tech100 Real Estate winners are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction management software. The table below shows the 2023 winners. These are the companies and solutions helping real estate professionals propel their businesses forward in 2023.

Real Estate 448

Real Estate Property Management Investing Realty 448

Housing Wire

OCTOBER 17, 2024

The list of brokerages that have settled the commission lawsuits is getting longer. In 2023, the firm recorded 8,629 transaction sides for $2.8 On Wednesday, Higher Tech Realty , dba Mark Spain Real Estate , filed a notice informing the U.S. Neither the terms of the settlement or the settlement amount have been disclosed.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448

Housing Wire

MAY 7, 2024

The brokerage posted revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago. But it also reported a net loss of $66.8

Marketing 466

Marketing Brokerage Advertising Agents 466

Housing Wire

APRIL 24, 2024

National Association of Realtors , et al., The Gibson suit was filed in late October 2023 by Michael Ketchmark, just after a Missouri jury ruled in favor of his clients in the Sitzer/Burnett suit that found real estate industry players liable for colluding to artificially inflate agent commissions.

Realtors 447

Realtors Real Estate Brokerage Law 447

Housing Wire

DECEMBER 10, 2024

Realty ONE Group is letting agents decide if they want to renew their National Association of Realtors (NAR) membership. In an announcement on Tuesday, the brokerage company said that it has created a program that allows agents in eight metro areas in Arizona to choose whether or not they affiliate with NAR.

Realty 356

Realty Agents Brokerage Realtors 356

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. Voss founded the Iowa-based 3% Listing Co.

Brokerage 448

Brokerage Agents Sellers Buyers 448

Housing Wire

OCTOBER 9, 2024

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. According to RealTrends Verified , the team produced $126 million in sales volume in on 211 transactions in 2023. “We

Realty 448

Realty Agents Brokerage Real Estate 448

Housing Wire

JANUARY 17, 2023

plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023. A subsidiary of HomeServices of America and owner of about 40 real estate brands across the country, the lender’s success is tied to its affiliated real estate brokerages’ business. Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 418

Mortgage Real Estate Real Estate Agent Realtors 418

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. Led by Mike DelRose Sr., Mike DelRose Jr.

Realty 459

Realty Brokerage Real Estate Clients 459

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

Brokerage 488

Brokerage Agents Real Estate Buyers 488

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. 2023, Umpa is a resident of Maryland and the lawsuit is in regards to the sale of two homes, one in Maryland and one in Ohio. The lawsuit is seeking class action status for everyone in the U.S.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Housing Wire

AUGUST 9, 2024

Bough — who is overseeing the Sitzer/Burnett and Gibson/Umpa commission cases — granted preliminary approval to the brokerage firm’s settlement agreement. HomeServices of America is the third-largest brokerage in the country by transaction sides at 235,861 in 2023, according to the latest RealTrends Verified rankings.

Brokerage 437

Brokerage Sellers Agents Realtors 437

Housing Wire

DECEMBER 6, 2024

Brokerage giant eXp Realty is adding a superstar agent to its ranks. The company announced the recruitment of Phoenix -based agent Joshua Smith, a high producer who closed 297 transactions in 2023. According to the brokerage, Smith has been a standout in the real estate business for 20 years.

Realty 397

Realty Agents Real Estate Brokerage 397

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search.

Real Estate 476

Real Estate Real Estate Agent Agents Tools 476

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 459

Realtors Legal Agents Real Estate 459

Housing Wire

MAY 2, 2024

million in Q1 2023. Under Leo Pareja’s leadership, I am confident that eXp Realty will extend its leadership position in the coming years and continue to redefine what it means to be the most agent-centric real estate brokerage on the planet.” It’s also a dip compared to Q4 2023 when eXp boasted 87,515 agents.

Realty 455

Realty Brokerage Agents Real Estate 455

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Some 22% said they were pessimistic, compared with 14% in the Q3 2023 survey. It ranked No.

Real Estate 458

Real Estate Brokerage Agents Training 458

Housing Wire

AUGUST 26, 2024

The brokerage has expanded its roster in Houston with the addition of Natasha Simon, who brings $892 million in career sales across 1,200 transactions to the company. This pushed up the firm’s market share to 5.13%, 50 basis points higher compared to Q2 2023. She was previously with LPT Realty, a Keller Williams affiliate.

Agents 434

Agents Brokerage Realty Real Estate 434

Housing Wire

JANUARY 9, 2024

Sandra Hines and Blake Waggoner from The Hines Group will join as senior broker and broker, respectively, and Dave Janssens will join as managing broker at the California -based brokerage led by Mauricio Umansky. The team changed its name in 2023 to The Hines Group. In total, the team sold $68.6 million in real estate.

Realty 448

Realty Brokerage Agents Real Estate 448