Housing Wire

AUGUST 5, 2024

While brokers across the country agree that they and their agents will no longer be advertising an offer of buyer broker compensation for any listing on the MLS, that is where the similarities end, as it seems each broker is taking a slightly different tact. Another national firm taking a similar route to Side is The Real Brokerage.

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Sellers Buyers Agents Advertising 468

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. Zilly also pointed out the unlike other brokerage, Zillow continued to display REX’s listings. In mid-May 2022, REX ceased its brokerage operations.

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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.

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Advertising Legal Law Real Estate 435

Housing Wire

SEPTEMBER 6, 2024

And 90% of agents at what Stephens refers to as “traditional” brokerages — which includes firms like RE/MAX , Anywhere , Keller Williams , Compass and Douglas Elliman — reported being fully or somewhat prepared. A majority of agents (82%) reported that their brokerages either completely or mostly prepared them for the changes.

Agents 448

Agents Real Estate Agent Brokerage Realty 448

Housing Wire

JUNE 24, 2024

It appears the commission lawsuits are not the only legal action in the real estate industry that’s currently of interest to the Department of Justice. The now defunct discount brokerage filed its appeal in early February 2024, asking the appeals court to reverse the lower court’s ruling on REX’s motion of a new trial.

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Advertising Legal Real Estate Brokerage 397

Housing Wire

AUGUST 7, 2023

Things are continuing to heat up in Zillow Group’s legal battle with discount brokerage REX Homes , as the September 18, 2023, trial date looms ever closer. In mid-May 2022, REX ceased its brokerage operations. REX chose to use Zillow’s services to advertise their for-sale properties on Zillow – for free.

Advertising 369

Advertising Law Brokerage Sellers 369

Housing Wire

NOVEMBER 16, 2023

The firm’s website advertises that it specializes in personal injury lawsuits. This explains why Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer/Burnett suit, chose to sue a whole different group of corporate brokerages in the Gibson lawsuit he filed just hours after the Sitzer/Burnett verdict was announced.

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Law Brokerage Advertising Real Estate 482

Housing Wire

MAY 3, 2021

REX replied to the legal filing in a company statement Monday. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales. Zillow and NAR can’t continue to stifle consumer choice,” the statement read.

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Brokerage Agents Advertising Legal 397

Housing Wire

APRIL 23, 2024

During CoStar’s earnings call on Tuesday, Florance insisted that consumers and advertisers prefer a real estate portal with digital twins. “We He believes in the success of Homes.com because it focuses on selling homes and building brands for both agents and brokerage firms. Through the terms of the deal, stockholders will get $2.75

Real Estate 433

Real Estate Advertising Legal Brokerage 433

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The lawsuit, which alleges claims of false advertising, was filed in a U.S. district court in Minnesota by plaintiffs Michael and Lauren Campoli.

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Realty Real Estate Advertising Agents 397

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We Almost any time in history the U.S.

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Agents Brokerage Advertising Real Estate 476

Housing Wire

MARCH 25, 2024

Cooperative compensation is still legal,” Papasan stressed. From there, the executives went on to address questions of where and how agents could advertise offers of cooperative compensation. There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.”

Agents 468

Agents Advertising Real Estate Sellers 468

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 448

Sellers Brokerage Real Estate Legal 448

Housing Wire

OCTOBER 31, 2024

What has changed for real estate brokerages since then? 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. “I’m Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so.

Real Estate 448

Real Estate Brokerage Agents Training 448

Housing Wire

OCTOBER 8, 2024

First, however, Klein had to convince MLSs and brokerages to put listings online in the form of virtual office websites (VOWs). Klein was then tasked with convincing brokerages and MLSs to put their listings on the internet. Additionally, some brokerage executives expressed concerns that VOWs could drive down agent commissions.

Real Estate 475

Real Estate Brokerage Realtors Legal 475

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

NOVEMBER 1, 2023

While much of the call was given over to discussion of the Sitzer/Burnett suit, to which Zillow is not a party, none of the call featured discussions of the REX Real Estate false advertising lawsuit, in which Zillow, the only defendant, emerged triumphantly less than a month ago.

Real Estate 482

Real Estate Advertising Agents Realtors 482

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it. I would suggest that there has always been change.

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Realtors Agents Real Estate Logistics 459

Housing Wire

JULY 30, 2024

Nesthook worked tirelessly with legal experts on the website’s design and content so that it adheres strictly to the guidelines outlined in the settlement, providing agents with a safe and secure platform to disclose and search commission rates,” the page states. And that’s the rub. ’” he said.

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Buyers Realtors Agents Sellers 459

Housing Wire

AUGUST 19, 2024

Another wrinkle is that not all agents, brokerages or sellers are handling offers of buyer broker compensation the same way. She also noted that she will be advertising offers of cooperative compensation on her social media channels and alongside listings on her brokerage’s website.

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Agents Sellers Realty Buyers 476

Housing Wire

SEPTEMBER 17, 2024

“Everyone is adapting and coming up with business models and trying to settle in, and I think we are going to know a lot more about how this is going to really work a year from now,” said Matt Johnson, NHAR’s legal counsel. “So, So, for now, I would caution patience.”

Agents 448

Agents Sellers Buyers Realtors 448

Housing Wire

DECEMBER 27, 2024

Marketing specialists: Marketing specialists handle the teams branding and advertising efforts. Team commission splits are typically lower than those of a traditional brokerage for an individual agent. You may even want to run it by an attorney to ensure it is a fair and legal agreement.

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Real Estate Tools Agents Real Estate Agent 418

Housing Wire

SEPTEMBER 26, 2024

The majority of agents (60%) also reported that they do not like that they can no longer advertise offers of buyer agent compensation on the MLS , while 20% like the change. Roughly the same share reported that they are considering alternatives to traditional buyer agents, such as online platforms or discount brokerages.

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Real Estate Agent Real Estate Agents Buyers 488

Housing Wire

OCTOBER 25, 2023

Based on this testimony, Ketchmark said that part of the conspiracy is that the brokerage defendants have an economic incentive to enforce this rule so they make money on the buy side of real estate transactions. It’s in the best interest of the seller to have as many buyers as possible.”

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Sellers Realtors Agents Buyers 448

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

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Sellers Buyers Agents Law 448

Housing Wire

AUGUST 21, 2024

The property had been listed for three months and was not advertised as offering any concessions. For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller.

Sellers 482

Sellers Agents Real Estate Buyers 482

Housing Wire

APRIL 3, 2024

CoStar has not been quiet about its goal to surpass Zillow, even running a series of advertisements during this year‘s Super Bowl to boost brand awareness. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4% on the day of the NAR settlement announcement.

Real Estate 481

Real Estate Agents Buyers Business 481

McKissock

AUGUST 5, 2020

According to RISMedia , in 2015, the vast majority of FSBOs who couldn’t sell their homes on their own eventually listed with real estate brokerages. A 2016 Florida Realtors® forum asked: “Can a Realtor® advertise his/her home for sale as a FSBO with no intention of actually selling, but to only attract buyers for the agent’s services?”

Advertising 95

Advertising Realtors Real Estate Agents 95

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. What are the Cons of Selling a Home For Sale By Owner? This may be a themed open house that involves food, entertainment, etc.

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Real Estate Agent Real Estate Realtors Contracts 133

McKissock

MAY 15, 2023

Consider establishing side businesses such as home inspection, staging, and perhaps even brokerage. (It Consider the cost of advertising. If you’re taking over an existing business—especially if you’re working primarily with banks—your advertising budget will probably be small. A bad marketing program is money down the drain.

Business 71

Business Appraisal Advertising Real Estate 71

The Robert Weiler Company

SEPTEMBER 23, 2020

While the services offered by property managers range from company to company, below are some of the typical tasks of a property manager: Ensure that your property remains rented or leased at all times; this can be accomplished by providing advertising, interviewing/screening, and tenants’ placement.

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Property Management Tenants Investing Legal 142

Lamacchia Realty

OCTOBER 29, 2024

Anthony Lamacchia , Jackie Louh , Massoud Atallah , John Millen , and the leadership team of Lamacchia Realty are thrilled to be expanding in the local market, alongside the Lamacchia Realty Northborough , Worcester , and Auburn offices with this well-respected brokerage. “I I am happy that day is finally here.

Real Estate 73

Real Estate Realty Realtors Brokerage 73

Hank Miller Team

AUGUST 26, 2024

In Georgia, the changes are mainly administrative and have most to do with advertising buyer agent compensation. Buyer brokerage agreements were required prior to the settlement, so not a big change there. The closing attorney represents the lender’s interests and ensures that the property legally transfers as contractually obligated.

Realtors 40

Realtors Advertising Contracts Sellers 40

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 12 requires honesty and truthfulness in all real estate communications (including with clients) and certain disclosures when advertising and marketing to the public.

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Real Estate Clients Real Estate Agent Realtors 58

CA Realty Training

JUNE 28, 2021

Tip #3: Advertise. Generally, you can advertise your listing through four avenues. . If you are working with a brokerage, advertise there. Regardless of the amount, you are legally obligated to present all offers you receive to your sellers. Don’t forget to spread the good news about your new listing.

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Real Estate Agent Real Estate Agents Advertising 36

Housing Wire

DECEMBER 23, 2021

StreetEasy has been biting the hand that feeds it for too long,” said Frederick Peters, CEO of New York City brokerage Warburg Realty. In a 2018 article, The Real Deal chronicled CoStar’s legal war waged against Xceligent , once CoStar’s biggest rival for commercial property listings.

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Brokerage Real Estate Agents Real Estate Agent 434

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Dallas typically charge 6% commissions, this is 6% of the final sales price of the home. If you are paying a service or agent and they are not advertising your listing on the MLS, you should run away as fast as possible. Pricing: REX advertises a flat 2.5% MLS Listing. 0 reviews) 4.5/5

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Realtors Real Estate Advertising Agents 36