Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 448

Brokerage Realty Real Estate Agent Real Estate 448

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

Sellers 448

Sellers Buyers Agents Advertising 448

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. Anywhere will eliminate any minimum client commission requirements that company owned brokerages may have.

Buyers 459

Buyers Brokerage Agents Sellers 459

Housing Wire

JUNE 18, 2024

Invariably, these same articles classify all real estate brokerages and models as identical. Perhaps there are internal policies within some of the companies that are standardized, but the categorization of all brokerages as identical showcases the ignorance of the author. That’s a 20% reduction in revenue for the brokerage.

Brokerage 455

Brokerage Real Estate Agents Clients 455

Housing Wire

MAY 29, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed James F. Wood, the brokerage announced on Tuesday. Wood “Coldwell Banker Realty is proud to partner with James F. Coldwell Banker Realty boasts approximately 6,300 affiliated agents and 90 office locations.

Realty 368

Realty Agents Luxury Properties Brokerage 368

Housing Wire

OCTOBER 9, 2024

A pair of top-producing agents are returning to Coldwell Banker Realty. On Wednesday, the brokerage announced that Leominster, Massachusetts -based Lynn Walsh and Charlotte -based Victoria Speer are coming back to the firm. We are excited to welcome Lynn back to the Coldwell Banker Realty family.

Realty 407

Realty Agents Real Estate Clients 407

Housing Wire

AUGUST 22, 2024

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

Real Estate 365

Real Estate Brokerage Realty Real Estate Agent 365

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. In the past five years, eXp Realty has done just that.

Brokerage 361

Brokerage Realty Marketing Real Estate 361

Housing Wire

SEPTEMBER 19, 2023

The Real Brokerage continues to add to its agent count. Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. Hettich got his start in real estate at a large national brokerage, while Théard has a successful career as an agent at a small local boutique firm. “By

Brokerage 390

Brokerage Agents Real Estate Realty 390

Housing Wire

OCTOBER 31, 2024

The family-owned brokerage firm announced the completion of two acquisitions on Wednesday. While Ohio is already a stronghold for the Pennsylvania -based firm, Howard Hanna strengthened its position in the buckeye state through its recent acquisition of Dayton-based Big Hill Realty. The firm is led by Jeff Owens. “The

Brokerage 338

Brokerage Realty Real Estate Agents 338

Housing Wire

JANUARY 3, 2025

Results Realty ERA Powered , located in St. Charles, Illinois, has acquired Chicago s Mark Allen Realty, giving the combined firm three offices and 80 agents. Mark Allen, led by broker Matt Liss, will now operate as Mark Allen Realty ERA Powered. On the 2024 RealTrends Verified rankings, Cox ranked No. 183 in volume with $16.2

Realty 378

Realty Real Estate Clients Agents 378

Housing Wire

SEPTEMBER 20, 2024

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. On Tuesday, the office of California Attorney General Rob Bonta announced that it was granted a preliminary injunction against Florida-based MV Realty after filing a lawsuit in December 2023.

Realty 373

Realty Real Estate Agent Real Estate Legal 373

Housing Wire

SEPTEMBER 3, 2024

As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. 17, the firm launched an agent resource webpage known as “Buyer and Seller Agent Tools to Thrive.”

Brokerage 436

Brokerage Agents Real Estate Real Estate Agent 436

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

Brokerage 376

Brokerage Technology Agents Training 376

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 336

Brokerage Realty Real Estate Real Estate Agent 336

Housing Wire

AUGUST 6, 2024

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different. 17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

DECEMBER 10, 2024

Realty ONE Group is letting agents decide if they want to renew their National Association of Realtors (NAR) membership. In an announcement on Tuesday, the brokerage company said that it has created a program that allows agents in eight metro areas in Arizona to choose whether or not they affiliate with NAR.

Realty 311

Realty Agents Brokerage Realtors 311

Housing Wire

JULY 31, 2024

real estate landscape over the next several months due to the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , eXp World Holdings — the parent company of eXp Realty — is focused on improving the firm’s agent value proposition. Back in the U.S., Back in the U.S.,

Realty 360

Realty Agents Brokerage Real Estate 360

Housing Wire

MAY 2, 2024

Real estate brokerage William Raveis has returned to the acquisitions business. On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee.

Realty 334

Realty Insurance Brokerage Clients 334

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. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

Brokerage 450

Brokerage Agents Realtors Real Estate 450

Housing Wire

JUNE 11, 2024

Sotheby’s International Realty is launching its eighth office in Michigan as the firm announced the affiliation of the The Home Seekers Real Estate Group on Tuesday. Home Seekers, which is based in Okemos, Michigan, will now operate as White Pine Sotheby’s International Realty.

Realty 353

Realty Real Estate Tools Agents 353

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.

Sellers 436

Sellers Buyers Agents Law 436

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 382

Brokerage Property Management Agents Real Estate 382

Housing Wire

OCTOBER 15, 2024

This has felt a lot more like Y2K versus some other stuff that we were warned about but were not prepared for, which is what I wanted,” said Leo Pareja , the CEO of eXp Realty. “My This is especially true when various MLSs, brokerages and agents are taking their own approaches to dealing with the business practice changes.

Real Estate 446

Real Estate Brokerage Sellers Agents 446

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s Since this model is dependent on selling the home quickly, their move into real estate brokerage is an attempt to control that.

Brokerage 376

Brokerage Real Estate Investing Sellers 376

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. 17, 2020, and the present. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.”

Realtors 493

Realtors Brokerage Real Estate Realty 493

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 485

Buyers Contracts Real Estate Agents 485

Housing Wire

NOVEMBER 3, 2023

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million (down from $4.4 million in Q3 2022).

Buyers 371

Buyers Realty Real Estate Realtors 371

Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 417

Real Estate Realtors Realty Brokerage 417

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I More off-MLS listings? It is really going to go backwards.

Brokerage 422

Brokerage Real Estate Agents Sellers 422

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 and the Plaintiffs.”

Brokerage 393

Brokerage Realty Sellers Real Estate 393

Housing Wire

JULY 29, 2021

In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between a 100% model and a traditional brokerage.

Brokerage 368

Brokerage Real Estate Technology Realty 368

Housing Wire

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. 4, 2019 and the present. These allegations are absurd.

Realty 448

Realty Realtors Brokerage Real Estate 448

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” 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.

Realty 486

Realty Realtors Real Estate Real Estate Agent 486

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 433

Brokerage Real Estate Realtors Legal 433

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 464

Agents Sellers Realty Buyers 464