Remove 2026 Remove Realtors Remove Sellers
article thumbnail

Plaintiffs respond to brokerage defendants’ motions to dismiss Batton 2 suit

Housing Wire

The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” which was filed in the Batton 1 suit that consists of the same plaintiffs but a different group of brokerage defendants.

Brokerage 446
article thumbnail

Pending Home Sales Climb to Highest Level Since March

Appraisal Buzz

The National Association of REALTORS (NAR) reports that pending home sales increased in September. Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. September saw a 7.4%

Contracts 418
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

Realtors 442
article thumbnail

Brokerage defendants file motion to dismiss Batton 2 suit

Housing Wire

In addition to the joint motion to dismiss, United Real Estate and Weichert Realtors filed motions to dismiss due to lack of jurisdiction. The discovery process for each of the Batton suits is not scheduled to be completed until May 2026. This is the second time the remaining defendants have looked to get the case dismissed.

Brokerage 388
article thumbnail

Real estate brokerages notch procedural victory in commission case

Housing Wire

The three corporate brokerage defendants filed their motion to stay the case in mid-June, after Judge Stephen Bough, who is overseeing the Sitzer/Burnett and Gibson/Umpa suits, granted final approval of the three firms’ nationwide home seller commission lawsuit settlement agreements.

Brokerage 343
article thumbnail

Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

Lastly, Reffkin noted that since the Sitzer/Burnett jury verdict and the announcement of the National Association of Realtors’ nationwide commission lawsuit settlement agreement in March, the industry has not seen any rapid changes in consumer behavior. “We million homes in 2026,” Reffkin said. million to 5.6

Agents 468
article thumbnail

Waterfront Property Appraisals

Appraisal Today

My info below is a limited high-level summary for the new UAD and URAR of what was presented, and what the appraiser community can expect to see, from now into 2026. 2) Herd mentality – Each seller will be keenly watching the other sellers to see how they respond. and the updated URAR.