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 411

Realtors Brokerage Clients Business 411

Housing Wire

FEBRUARY 16, 2024

Path & Post Real Estate appointed Bekki Shae Smith to the role of managing broker, the Georgia -based boutique brokerage announced on Thursday. Before joining Path & Post, Smith was a Realtor , broker and partner at LOCAL Realty North ATL for three years. 2 spot in Georgia, according to RealTrends ’ 2023 America’s Best list.

Brokerage 421

Brokerage Realtors Realty Real Estate 421

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 390

Brokerage Real Estate Agent Real Estate Clients 390

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 359

Realty Brokerage Agents Design 359

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 412

Realtors Real Estate Brokerage Agents 412

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 403

Brokerage Real Estate Agents Realty 403

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 449

Brokerage Agents Real Estate Realtors 449

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

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 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 323

Brokerage Realtors Law Real Estate 323

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 473

Brokerage Real Estate Realtors Legal 473

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 433

Advertising Brokerage Real Estate Legal 433

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 382

Brokerage Realty Real Estate Real Estate Agent 382

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 429

Real Estate Realty Real Estate Agent Brokerage 429

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

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 447

Brokerage Agents Sellers Buyers 447

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 438

Brokerage Agents Real Estate Realtors 438

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

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

NOVEMBER 6, 2024

Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million. A more direct factor is that mortgage rates in the third quarter of 2023 approached 8%, whereas rates declined during much of Q3 2024, getting close to 6%.

Mortgage 392

Mortgage Real Estate Real Estate Agent Realtors 392

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 403

Agents Brokerage Realty Real Estate 403

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 407

Realtors Real Estate Brokerage Law 407

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). The suit was reopened in December 2023 by U.S. The ‘broker exclusive’ carveout allows these sales to continue as pocket listings, with buyer and seller represented by the same brokerage.”

Agents 397

Agents Realtors Sellers Brokerage 397

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

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 451

Realty Brokerage Real Estate Clients 451

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 365

Brokerage Sellers Agents Realtors 365

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 401

Marketing Brokerage Advertising Agents 401

Housing Wire

SEPTEMBER 23, 2024

While many brokerages have made the decision in recent weeks to settle the commission lawsuits , white-label brokerage Side is taking a different tack. The suit was filed in Texas in November 2023, roughly two weeks after the jury verdict in the Sitzer/Burnett suit was issued.

Brokerage 438

Brokerage Agents Realtors Realty 438

Housing Wire

JULY 1, 2024

Not only is he widely respected by every Realtor that has worked with him, but he also has a lot of knowledge in the merger and acquisition space, so I know he will fast track us on a lot of those initiatives. In 2023, the firm closed 3,500 transaction sides for a total sales volume of $1.78 I am grateful to have him on our team now.”

Realty 448

Realty Real Estate Realtors Brokerage 448

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. According to Inman News , 22 of the non-Realtor affiliated MLSs opted out. Why shoot twice at a target you’ve already drained dry?”

Legal 481

Legal Realtors Agents Law 481

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 483

Brokerage Agents Real Estate Buyers 483

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 408

Mortgage Real Estate Real Estate Agent Realtors 408

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 419

Agents Real Estate Agent Brokerage Realty 419

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. On one side are brokerage leaders like The Agency founder Mauricio Umansky , who are firmly against CCP. “I Image generated by AI in Midjourney) With the Aug.

Brokerage 442

Brokerage Real Estate Sellers Agents 442

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 440

Sellers Brokerage Real Estate Realtors 440

Housing Wire

OCTOBER 31, 2024

Measuring commission rate changes since August is significant because that’s when new rules related to the National Association of Realtors ‘ antitrust settlement went into effect. Even in the past two years, commissions have come down as the average rate was 2.51% in January 2023.

Real Estate Agent 373

Real Estate Agent Real Estate Agents Brokerage 373

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models.

Agents 459

Agents Brokerage Training Business 459