Housing Wire

JUNE 25, 2024

Things had been tense between the Realtor association shareholders and the company’s management and board for some time, Vincent said. The associations even rewrote the company’s bylaws in 2023. We are working with our attorneys on the legality of it and the very strong possibility of legal action,” Vincent said.

Legal 435

Legal Realtors Investors Agents 435

Housing Wire

JANUARY 14, 2025

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. San Francisco Association of Realtors , which was an original defendant in the suit, was voluntarily dismissed in 2024. On Monday, the parties notified Judge Vince Chhabria of the U.S.

Agents 370

Agents Legal Real Estate Agent Realtors 370

Housing Wire

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. In 2023, NAR raised dues from $150 to $156.

Realtors 397

Realtors Finance Agents Legal 397

Housing Wire

SEPTEMBER 5, 2023

The Sitzer/Burnett suit is slated to head to trial on October 16, 2023. We believe the settlement will remove future uncertainty with respect to the upcoming trial, potential additional claims, and legal expense, enabling Anywhere to focus on and continue delivering what’s next for agents and franchisees.

Real Estate 448

Real Estate Buyers Legal Realtors 448

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 448

Realtors Real Estate Legal Law 448

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. District Court Northern District of Illinois Eastern Division before Judge Andrea R. Damages in the suit could reach $13.7

Real Estate Agent 458

Real Estate Agent Realtors Real Estate Sellers 458

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.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

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

SEPTEMBER 13, 2023

The National Association of Realtors (NAR) is navigating turbulent waters. The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice. million members, the majority of whom are women.

Realtors 418

Realtors Insurance Legal Real Estate 418

Housing Wire

APRIL 16, 2024

The second Batton suit was filed in November 2023, just days after the jury verdict in the Sitzer/Burnett suit was announced, and the defendants include Compass , eXp World Holdings , Redfin , Weichert Realtors, United Real Estate , Howard Hanna and Douglas Elliman.

Real Estate 448

Real Estate Realtors Law Legal 448

Housing Wire

JANUARY 8, 2024

A bevy of copycat commission lawsuit plaintiffs are looking to consolidate their nine suits in Missouri under Judge Stephen Bough, who over saw the Sitzer/Burnett commission lawsuit trial in October 2023. 31, 2023, and Dec. In a filing dated Dec.

Real Estate 455

Real Estate Realty Real Estate Agent Legal 455

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. From April 2023 through March 2024, they accounted for only 2% of the $2.1 residential real estate is low.

Finance 448

Finance Real Estate Investors Legal 448

Housing Wire

NOVEMBER 30, 2023

Ethan Glass of Cooley, an attorney for the National Association of Realtors (NAR), took a different view and urged Wood to not set a date just yet, stating that it is “way premature” as the court has yet to even take motions for summary judgment, “let alone decide them.” The suit received class-action status in March 2023.

Legal 448

Legal Sellers Realtors Law 448

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. A little over a year later, in mid-June 2023, the three parties involved in the suit, all filed motions for summary judgment on at least some issues, if not the entire lawsuit.

Advertising 448

Advertising Brokerage Real Estate Legal 448

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 448

Realtors Real Estate Brokerage Law 448

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

JUNE 5, 2024

He is deeply involved with the regional Realtor, builder and mortgage communities and has built an impressive, two-decade track record leading top-producing teams. loanDepot and Movement Mortgage are embroiled in an ongoing legal battle over allegations that Movement poached more than two dozen loan officers in late 2021 and early 2022.

Loan Officers 446

Loan Officers Legal Development Mortgage 446

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.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

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

SEPTEMBER 9, 2024

Originally filed in 2020 by TAN, the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy. In December 2023, the TAN suit was reopened by Chhabria, and the plaintiff filed its motion for reconsideration in May 2024.

Agents 459

Agents Realtors Real Estate Marketing 459

Housing Wire

NOVEMBER 20, 2023

Some of these provisions include no longer requiring agents to be members of the National Association of Realtors or following NAR’s Code of Ethics or the MLS Handbook. 22, 2023, to schedule final approval hearing. The terms of the settlement agreements require RE/MAX and Anywhere to pay $55 million and $83.5 said in a statement.

Real Estate 459

Real Estate Legal Agents Realtors 459

Housing Wire

SEPTEMBER 28, 2023

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. A judgement as a matter of the law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, REX) on that issue.

Advertising 435

Advertising Legal Law Real Estate 435

Housing Wire

JULY 23, 2024

Originally filed in 2020 by Top Agent Network (TAN), the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy. In December 2023, the TAN suit was reopened by District Court Judge Vince Chhabria, and the plaintiff filed its motion for reconsideration in May 2024.

Realtors 467

Realtors Agents Real Estate Marketing 467

Housing Wire

APRIL 29, 2024

31, 2023 , Douglas Elliman had $119.8 The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. The SEC filing also notes that if “Douglas Elliman’s Cash Balance does not exceed $40.0 31, 2025 until Dec.

Brokerage 468

Brokerage Agents Legal Realty 468

Housing Wire

JUNE 26, 2024

Bough’s ruling on the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR) in March. Saris granted preliminary approval to MLS PIN’s first proposed settlement agreement in September 2023. But soon after, the DOJ intervened due “significant concerns” about MLS PIN’s settlement.

Legal 396

Legal Realtors Brokerage Sellers 396

Housing Wire

NOVEMBER 12, 2024

For Nykia Wright , CEO of the National Association of Realtors , 2025 is going to be all about turning NAR into a trade association for the future while rebuilding relationships with members. In addition to these suits, the Alabama Association of Realtors sent a letter to NAR asking it to end the three-way agreement.

Realtors 370

Realtors Human Resources Legal Real Estate 370

Housing Wire

MAY 21, 2024

At a status hearing on Tuesday for the Nosalek commission lawsuit, a lawyer for the Department of Justice said the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement represented “an improvement.”

Agents 459

Agents Realtors Government Legal 459

Housing Wire

SEPTEMBER 17, 2024

In a statement to HousingWire, Curbio said it had implemented many of the changes required in the settlement before the lawsuit was filed in November 2023, thus deeming the lawsuit “unnecessary.” million settlement payment will be divided among three groups — $2.58

Renovations 434

Renovations Realtors Real Estate Agent Contracts 434

Housing Wire

APRIL 26, 2024

The deal comes just days after the federal judge overseeing the commission case in Missouri approved a preliminary settlement that will see the National Association of Realtors and multiple other residential brokerages collectively pay hundreds of millions of dollars in damages and make large-scale changes to longstanding commission policies.

Brokerage 488

Brokerage Agents Real Estate Buyers 488

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3.

Agents 435

Agents Real Estate Agent Realtors Brokerage 435

Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. As for the end of Q2/2023 , RE/MAX had $96.76 In the Sept.

Agents 435

Agents Brokerage Realtors Real Estate 435

Housing Wire

SEPTEMBER 5, 2024

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% mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

OCTOBER 8, 2024

Despite having opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR), Judge William S. West Penn MLS finally got its way in the Moratis commission lawsuit. Howard Hanna and West Penn MLS did not immediately return a request for comment.

Realtors 448

Realtors Real Estate Agents Legal 448

Housing Wire

APRIL 12, 2024

Caldwell also noted the National Association of Realtors ’ settlement agreement , writing that “given the broad contours of this new settlement agreement and the changing landscape of the parties’ positions on centralization, we think it wise to deny centralization at this time. 31, 2023, and Dec.

Real Estate 457

Real Estate Real Estate Agent Realtors Realty 457

Housing Wire

JUNE 14, 2024

Consumer and industry advocacy organizations — including the American Land Title Association (ALTA), National Consumer Law Center (NCLC), National Association of Realtors (NAR) and AARP — are sounding the alarm over a rising trend of elder real estate fraud and financial exploitation in a new jointly created issue brief released on Friday.

Real Estate 459

Real Estate Law Government Legal 459

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. In the order, Zilly noted that NAR’s No-Commingling Rule was optional and that about 29% of Realtor-affiliated MLSs had not adopted the rule, without any repercussions from NAR.

Advertising 370

Advertising Legal Brokerage Realtors 370

Housing Wire

OCTOBER 17, 2024

In 2023, the firm recorded 8,629 transaction sides for $2.8 Originally filed in November 2023, nearly a month after the jury verdict in the Sitzer/Burnett suit, the Phillips case accuses real estate industry players of colluding to artificially inflate real estate agent commissions.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448