Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. Filed on Tuesday in U.S. 2, 2019, and Oct. None of the defendants responded to a request for comment.

Realtors 454

Realtors Legal Agents Real Estate 454

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 388

Realtors Finance Agents Legal 388

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 445

Realtors Real Estate Legal Law 445

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

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

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Renovations Realtors Real Estate Agent Contracts 420

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 447

Sellers Brokerage Real Estate Realtors 447

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 439

Realtors Real Estate Agents Legal 439

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 421

Finance Real Estate Investors Legal 421

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 444

Real Estate Realty Real Estate Agent Brokerage 444

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 416

Agents Realtors Real Estate Marketing 416

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

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 377

Legal Realtors Brokerage Sellers 377

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 442

Real Estate Agent Realtors Real Estate Sellers 442

Cleveland Appraisal Blog

JUNE 23, 2023

Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Before you purchase anything, consider the legal implications, including property taxes, zoning laws, environmental regulations, and permits required for your intended use. What are the local regulations?

Property Taxes 195

Property Taxes Legal Law Property Appraisal 195

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 423

Real Estate Realty Real Estate Agent Legal 423

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

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 435

Real Estate Realtors Law Legal 435

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.

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Loan Officers Legal Development Mortgage 421

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 434

Realtors Real Estate Brokerage Law 434

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 446

Advertising Brokerage Real Estate Legal 446

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 447

Realtors Agents Real Estate Marketing 447

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 464

Buyers Real Estate Agent Inspection Real Estate 464

Housing Wire

OCTOBER 29, 2024

There’s less than a month until the final approval hearing for the commission lawsuit settlement agreements reached by the National Association of Realtors , HomeServices of America , and other brokerages and non-Realtor-affiliated MLSs that opted in to NAR’s settlement. Ahead of that date, the objections have started to roll in.

Sellers 447

Sellers Brokerage Real Estate Legal 447

Housing Wire

NOVEMBER 20, 2024

Earlier this week the National Association of Realtors (NAR) made headlines for the extravagant perks and compensation its executives and volunteer leaders receive. million, according to NAR’s 2022 Form 990 , which was filed in November of 2023. These niceties were on top of a salary of $1.2 million per year that later ballooned to $2.6

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Legal Law Business Government 302

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 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

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

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 485

Brokerage Real Estate Realtors Legal 485

Housing Wire

OCTOBER 24, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. One constant has been questions over agent commissions , which were at the center of the legal battle. One year has passed since the trial, but no clear answer has emerged.

Agents 448

Agents Real Estate Sellers Brokerage 448

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.

Legal 456

Legal Real Estate Agents Realtors 456

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. District Court Judge Vince Chhabria, who is overseeing the suit in San Francisco. Chhabria approved the dismissal on Tuesday.

Agents 422

Agents Realtors Sellers Brokerage 422

Appraisal Buzz

AUGUST 7, 2024

According to the Federal Trade Commission (FTC) , fraud losses in 2023 cost U.S. brief include the American Land Title Association (ALTA) , AARP , Mortgage Bankers Association (MBA) , National Association of Realtors (NAR) , National Notary Association (NNA) , and Property Records Industry Association (PRIA). billion reported.

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Law Real Estate Government Realtors 397

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

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 427

Agents Real Estate Agent Realtors Brokerage 427

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 456

Brokerage Agents Legal Realty 456

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.

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Brokerage Agents Realtors Real Estate 433