Housing Wire

APRIL 25, 2024

Keller Williams was named to an additional class-action lawsuit on Thursday that, like other recent cases, takes issue with alterations made to the brokerage’s profit-sharing program. Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014.

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Housing Wire

MARCH 3, 2025

This is an exciting milestone for all Keller Williams agents and franchisees, Gary Keller, the co-founder and executive chairman of Keller Williams, said in a prepared statement. Stacie Herron, the firms chief legal and administrative officer, has been serving as interim chief operating officer.

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Real Estate Legal Agents Technology 448

Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. In his filing, Ammann claims that eXp publicly advertises that its agent s may not act as contractors providing home repair or renovation services on properties they represent, as doing so would be a conflict of interest.

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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. While many, like Kelly, consider the new practices a positive for agents and consumers, implementing them was no small task.

Real Estate 448

Real Estate Brokerage Agents Training 448

Housing Wire

NOVEMBER 20, 2024

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. The balance request includes additional damages for legal fees and a jury trial. million promissory note Side extended in April. Side claims the current balance owed is $4.2

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Housing Wire

JANUARY 29, 2025

The lawsuit contains the same allegations as other commission lawsuits, accusing the real estate brokerage and MLS defendants of colluding to artificially inflate real estate agent commissions. Prior to the Keel suit, Side was notably one of the few major brokerages left that had not settled the commission lawsuits.

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Housing Wire

OCTOBER 15, 2024

This is especially true when various MLSs, brokerages and agents are taking their own approaches to dealing with the business practice changes. As Sharran Srivatsaa , the president of The Real Brokerage , sees it, there are two primary agent camps right now. It is actually forcing agents to improve their communication.

Real Estate 448

Real Estate Brokerage Sellers Agents 448

Housing Wire

DECEMBER 17, 2024

Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. All three brothers were arrested last week in Miami on state and federal criminal charges.

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Housing Wire

DECEMBER 20, 2024

The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective real estate team. The deal brings 15 agents and more than $60 million in annual sales volume to Keller Williams. Keller Williams is focused on growth and expansion heading into the new year, despite legal difficulties and other challenges.

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Real Estate Brokerage Legal Agents 397

Housing Wire

OCTOBER 28, 2024

In her objection, Monestier claims there is “ample evidence” of agents asking buyers to sign modified buyer representation agreements, which allow the buyer’s broker to increase their agreed-upon compensation to whatever the seller is offering. Additionally, Monestier’s objection also claims that agents are still engaging in steering.

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Housing Wire

JANUARY 22, 2025

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. The other brokerage defendants contacted by HousingWire did not return a request for comment.

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Housing Wire

APRIL 1, 2024

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. But that policy did not impact agents who joined before April 1, 2020.

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Housing Wire

FEBRUARY 7, 2025

The T3 Sixty Real Estate Almanac reports the same numbers, while the brokerage companys 2022 Annual Report pegged its sales volume at $8.5 The firm believes it should be covered by NARs settlement, which protects all real estate brokerages with a sales volume of less than $2 billion in 2022. which the company said did $1.75

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Housing Wire

DECEMBER 4, 2024

We did our best to communicate with our company leaders, with our agents, with our employees throughout the entire process about, ‘Here are things that could happen, here is what we are working on and what could lie ahead,’“ Kelly said. “By For the agents that feel the need for support, education, camaraderie and culture, that is our model.

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Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. On Friday, the firm and some of its subsidiaries and agents were accused of violating the federal Racketeer Influenced and Corrupt Organizations (RICO) Act and the Lanham Act.

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Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). The complaint cites a report by the Community Legal Services of Lehigh Valley , which found that minority members of NAR have been subjected to unequal enforcement of ethical standards.

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Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages.

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Housing Wire

FEBRUARY 6, 2025

Redfin s legal load just got a bit lighter. On Wednesday, plaintiff Guillermo Mata filed a notice of voluntary dismissal of his video privacy lawsuit against the Seattle-based brokerage. The suit is being dismissed with prejudice, meaning that Mata cannot refile the suit under the same claim. Originally filed in June 2024 in the U.S.

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Brokerage Legal Agents Real Estate 356

Housing Wire

MARCH 25, 2025

According to the release, this new policy compliments NAR s existing MLS policies and that it will exist in conjunction with CCP.The trade group feels the policy provides sellers and their agent more options and choice when marketing a property. According to NAR, each MLS will have the ability to determine its own delayed marketing period.

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Sellers Agents Legal Realtors 317

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said. “We

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Brokerage Legal Fees Real Estate Agents 448

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. Hanna said this led the company to revamp some of its agent education. It created a buyer representation certificate for agents.

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Real Estate Brokerage Agents Buyers 369

Housing Wire

MAY 2, 2024

It stated that associates who joined the brokerage on or after April 1, 2020, and subsequently jumped to a competitor would lose their revenues from the company’s lifelong revenue program. But that policy did not impact agents who joined before April 1, 2020. McFarlane was associated with Keller Williams from 2004 to 2018.

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Agents Brokerage Legal Real Estate 459

Housing Wire

APRIL 22, 2024

Last week, Keller Williams was named to an additional class-action lawsuit, which also takes issue with alterations made to the brokerage’s profit-sharing program. But that policy did not impact agents who joined before April 1, 2020. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program.

Agents 458

Agents Brokerage Legal Real Estate 458

Housing Wire

SEPTEMBER 18, 2024

Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. Our unwavering commitment to providing excellent service to our agents, clients, and customers remains steadfast,” Marco Fregenal , the CEO of Fathom Holdings, said in a statement. “We

Brokerage 447

Brokerage Legal Fees Realty Legal 447

Housing Wire

OCTOBER 15, 2024

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant.

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Brokerage Sellers Realty Realtors 433

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Fewer agents? Obviously, RE/MAX comes to mind as it has a large franchise model that is tied to agent count,” Tomasello said. “If

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Brokerage Agents Realtors Real Estate 476

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business. In mid-May 2022, REX ceased its brokerage operations.

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Advertising Brokerage Real Estate Legal 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. refuses to work with buy-side agents. Peter Voss at 3% Listing Co.

Brokerage 448

Brokerage Agents Sellers Buyers 448

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 448

Agents Real Estate Agent Brokerage Realty 448

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” It is no secret that many first-time homebuyers are struggling.

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Marketing Real Estate Sellers Buyers 448

Housing Wire

DECEMBER 27, 2024

Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Our goal is to help educate you on what a real estate team is, how they work and the types of agents who thrive on teams. If youre reading this article, youre not alone.

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Real Estate Tools Agents Real Estate Agent 418

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. 17 where we are creating liability for ourselves and our agents.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

MARCH 26, 2025

If a seller chooses to pursue this delayed listing strategy, they will be able to instruct the listing agent to delay marketing a listing through Internet Data Exchange (IDX) and syndication for a period of time, with each local MLS being allowed to determine the maximum length of time a listing can be delayed from public marketing.

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Sellers Real Estate Agents Brokerage 360

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It In Soham Bhonsle’s view, buy-side agent commission compression will be curtailed because the industry will lose the vast majority of its low-performing or part-time agents.

Brokerage 448

Brokerage Business Agents Buyers 448

Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.”

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Brokerage Real Estate Agents Sellers 466

Housing Wire

JANUARY 27, 2025

For example, changing agent commission guidelines and emerging lead contact regulations are keeping professionals up at night. Together, these obstacles are forcing agents and brokerages to hit the sidelines and plan against seemingly insurmountable odds like facing Brady and the Patriots in the Superbowl.

Real Estate 397

Real Estate Clients Technology Agents 397

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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