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. They represented ultrawealthy and celebrity clients.

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Legal Fees Brokerage Real Estate Legal 416

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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Legal Fees Real Estate Agent Brokerage Legal 418

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 448

Brokerage Legal Fees Realty Legal 448

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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Legal Brokerage Real Estate Modernization 418

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. This is especially true in markets on the fringes of its footprint, or in areas where brokerage clients are moving to or from.

Real Estate 370

Real Estate Brokerage Agents Buyers 370

Housing Wire

JANUARY 27, 2025

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. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. Isn’t that promising?

Real Estate 397

Real Estate Clients Technology Agents 397

Inman

MARCH 31, 2025

A new website soliciting plaintiffs for a possible class-action suit against the Washington MLS asks homeowners if they've sold in the state and seen "a price drop or significant days on market."

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Legal Clients Marketing Realtors 158

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 suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage.

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Realty Real Estate Advertising Agents 397

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 I’m hoping that this Halloween, when I’m taking my kids around trick-or-treating, it won’t be nearly as stressful,” Kelly said.

Real Estate 448

Real Estate Brokerage Agents Training 448

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. Some of them are throwing hissy fits with this.”

Real Estate 448

Real Estate Brokerage Sellers Agents 448

Housing Wire

DECEMBER 27, 2024

However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients. This can sometimes take the focus off client service, though it doesnt have to. This enables the team to handle more clients and close more deals than any individual agent could do alone.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

APRIL 8, 2024

Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

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Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

AUGUST 6, 2024

17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms. As the largest brokerage in the country by transaction sides in 2023, Pareja said it made sense for eXp to create its own forms. “We And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

Housing Wire

MARCH 26, 2025

To allow the MLSs to talk to their broker communities and figure out how to make things work best for them and their clients in smart. Todays announcement from NAR affirms what innovative MLSs like Bright know — no two home sellers are the same, and brokers and agents need flexibility to best serve their clients.

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Sellers Real Estate Agents Brokerage 366

Appraisal Buzz

JUNE 28, 2024

Legal counsel for NAR approved the agreement in early March. But a new study recently released by AccountTECH, an accounting software provider for the real estate industry, shows that virtually all brokerages across the U.S. If that number rises to 2.5%, 60% of brokerages become unprofitable.

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Brokerage Real Estate Agents Real Estate Agent 354

Housing Wire

MARCH 19, 2025

without mandated MLS publication of offers of compensation or exceptions benefitting primarily large brokerages) are anticompetitive. He added that anyone who is involved in upholding CCP will be subject to legal exposure. The Division has not taken a position that such policies standing alone (i.e., And I consider it to be misleading.

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Realtors Legal Sellers Law 220

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? You have to make sure you are on the same page.” Hahn wrote.

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Clients Agents Buyers Sellers 482

Housing Wire

NOVEMBER 17, 2021

Podcast: Comparing real estate team and brokerage profitability. Study: It’s true, real estate teams outperform brokerage firms. RealTrends Brokerage Compensation Report. However, these super-sized teams aren’t the only ones turning a profit — a profit that dwarfs most real estate brokerage’s profit. Broker Studies.

Real Estate 397

Real Estate Brokerage Agents Advertising 397

Housing Wire

JULY 16, 2024

Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time. As part of the settlement, United will pay $3.7 million into a settlement fund.

Real Estate 448

Real Estate Legal Fees Legal Brokerage 448

Housing Wire

JANUARY 31, 2025

It protects you from potential legal claims that a mistake on your part caused someone financial harm. It can also give your clients peace of mind to know youve planned for any incidents. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

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Real Estate Brokerage Insurance Legal 326

Housing Wire

DECEMBER 2, 2024

The legal industry understands that they can make a lot of money because of the nature of real estate. Agents are also going to find it more difficult to manage their duties to their clients in terms of gaining commissions. There needs to be strong brokerage entities — that’s the biggest thing I’m concerned about.

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Real Estate Brokerage Advertising Agents 359

Housing Wire

AUGUST 30, 2024

Sitzer’s legal action not only resulted in financial settlements, but also business practice changes that went into effect earlier this month , the most notable of which are the removal of buyer broker compensation from the MLS and mandatory buyer broker agreements. The company claims it saves consumers an average of $15,000 per transaction.

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Real Estate Legal Real Estate Agent Brokerage 459

Housing Wire

NOVEMBER 1, 2023

The senior data scientist at appraisal tech startup True Footage previously worked at REX , a mostly defunct discount brokerage that charged seller fees as low as 2.5% Actions since NAR banned mandatory and recommended fee schedules in 1961 and 1971, respectively, have often focused on allegations of agents steering clients.

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Clients Agents Buyers Sellers 459

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. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch.

Brokerage 448

Brokerage Agents Sellers Buyers 448

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. Such extraordinary action would be inappropriate.” Its final approval hearing is slated for Nov. 26, 2024. “We

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Brokerage Realty Sellers Real Estate 397

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.

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Buyers Brokerage Agents Sellers 459

Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

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Legal Realtors Agents Brokerage 482

Housing Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

AUGUST 22, 2024

In the complaint, Homie claims that it is bringing this legal action to “recover the damages…suffered as an excluded competitor foreclosed by the Defendants’ conduct from effective competition in the relevant market.” Local associations of NAR in Utah encouraged agents to steer clients away from Homie—one of their own members.”

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Realtors Buyers Real Estate Brokerage 482

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. It is no secret that many first-time homebuyers are struggling.

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Marketing Real Estate Sellers Buyers 448

Housing Wire

SEPTEMBER 20, 2024

Pareja took over as CEO at eXp in April 2024 and became the first Hispanic CEO of a major real estate brokerage in U.S. eXp purposely designed the document in a way that uses as little legal jargon as possible, so as to not confuse buyers and sellers. As such, forming relationships with prospective clients is the way to go.

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Agents Brokerage Real Estate Tenants 435

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I He didn’t want himself and his agents in a place where the day came, and they didn’t know how to prove their value proposition or negotiate their worth with a client. More off-MLS listings? It is really going to go backwards.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

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Real Estate Agent Real Estate Brokerage Law 435

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. 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.

Brokerage 468

Brokerage Agents Legal Realty 468

Housing Wire

AUGUST 15, 2024

While it might seem incredibly complicated to guide both owned brokerages and franchisees through the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , Anywhere Real Estate views having both models under its umbrella as a blessing. The first is simplicity. The other principle is flexibility.

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Brokerage Agents Legal Buyers 435