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. Defendants in the lawsuit, which was filed in U.S.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

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 Real Brokerage closed $14.4 million into a qualified settlement fund, as part of the agreement.

Brokerage 397

Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

OCTOBER 31, 2024

Much to the relief of some of the nation’s largest brokerage firms, Judge Stephen R. The ruling also comes a year after the Gibson suit was filed by plaintiffs’ attorney Michael Ketchmark on the heels of his clients’ victory in the Sitzer/Burnett suit. million) , The Real Brokerage ($9.25 million ), At World Properties ($6.5

Brokerage 434

Brokerage Real Estate Realtors Realty 434

Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Kevin Sears, President of National Association of Realtors. “It

Realty 448

Realty Brokerage Real Estate Realtors 448

Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. However, REcolorado said it objects to the associations selling it to an outside private equity firm. “We

Realtors 418

Realtors Brokerage Clients Business 418

Housing Wire

DECEMBER 4, 2024

While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year.

Brokerage 397

Brokerage Agents Technology Clients 397

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. Joining eXp helps the group mitigate risks related to being independent in a rapidly changing industry environment spurred by the $418 million settlement that the National Association of Realtors agreed to in a class-action antitrust lawsuit filed in Missouri.

Realty 420

Realty Brokerage Agents Design 420

Housing Wire

OCTOBER 23, 2024

Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. This partnership underscores Ohio REALTORS ‘ commitment to supporting its members through education and professional development.

Realtors 434

Realtors Agents Marketing Real Estate 434

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 435

Brokerage Property Management Agents Real Estate 435

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.”

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Clients Agents Buyers Sellers 482

Housing Wire

JULY 22, 2024

I also include tips and tricks to help you find your first clients faster than most new agents. Since most brokerages will hire you as an independent contractor instead of an employee, the risk they’re taking is minimal. What do you think about X brokerage? Let’s dive in! What are the fees and commission split structure?

Real Estate Agent 448

Real Estate Agent Real Estate Clients Agents 448

Housing Wire

SEPTEMBER 25, 2024

The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.) If we fail to act, we may lose these members forever.

Realtors 448

Realtors Agents Real Estate Brokerage 448

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. And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

JUNE 4, 2024

The recent announcement of Homie’s decision to strip its brokerage services and end employment for its real estate agents has once again brought the discussion of alternative models in real estate to the forefront. Many limited service brokerages have faced similar hurdles in their quest to disrupt the status quo.

Real Estate 459

Real Estate Brokerage Clients Realtors 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. Voss founded the Iowa-based 3% Listing Co.

Brokerage 448

Brokerage Agents Sellers Buyers 448

Housing Wire

DECEMBER 2, 2024

In a new episode of the “ Real Estate Insiders Unfiltered Podcast ,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors ‘ (NAR) Clear Cooperation Policy (CCP), among other subjects. The CCP will work itself out.

Real Estate 342

Real Estate Brokerage Advertising Agents 342

Housing Wire

JANUARY 29, 2024

Imagine if you could bottle the enthusiasm your clients have for working with you and use it to capture new business in 2024. In this article, we’ll show how to procure top-notch client testimonials, where and how to share them, and how to leverage them to bolster your reputation and close more deals in 2024.

Real Estate 435

Real Estate Clients Real Estate Agent Agents 435

Housing Wire

JULY 24, 2024

” Chris Cox , chief technology and digital officer at Keller Williams , said the brokerage’s mantra is to put “data that we have to work to make our agents more successful.” Cox agreed, saying that AI and data will allow real estate agents to better comply with their fiduciary duties to clients.

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Agents Brokerage Real Estate Agent Real Estate 468

Appraisal Buzz

JUNE 28, 2024

We have yet to find out the full extent of the court-ordered National Association of Realtors (NAR) settlement back in March on the topic of commissions in which the NAR is expected to pay $418 million over a four-year period in damages and will change numerous rules that housing experts believe will lower house costs going forward.

Brokerage 354

Brokerage Real Estate Agents Real Estate Agent 354

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present. 16, 2020, and the present.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

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

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.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

NOVEMBER 4, 2024

The Real Brokerage ‘s expansion trend has continued with another major acquisition. The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform. At the RISE conference on Oct.

Realty 397

Realty Agents Brokerage Tools 397

Housing Wire

SEPTEMBER 10, 2024

We looked at pricing, design quality, ease of use, lead generation features, and then combed online reviews to get feedback from other working Realtors. With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages.

Real Estate Agent 447

Real Estate Agent Real Estate Brokerage Agents 447

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

Brokerage 397

Brokerage Realty Sellers Real Estate 397

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement.

Brokerage 482

Brokerage Realtors Agents Clients 482

Housing Wire

JUNE 7, 2024

Engel & Volkers Atlanta , a luxury real estate brokerage, announced Thursday that Christopher Burell is joining the firm as its new chief growth officer. The brokerage includes multiple teams that cover Atlanta , its suburbs and other areas of north Georgia.

Brokerage 448

Brokerage Real Estate Realtors Design 448

Housing Wire

JULY 28, 2021

While addressing all of these issues is important, should we not have more stories and conversations about how brokerages can capture the most important stakeholder of all? Let’s dive into two areas that technology partners and independent brokerages can align to ensure that demand is captured and more at-bats are won. The homebuyer.

Brokerage 545

Brokerage Real Estate Clients Agents 545

Housing Wire

AUGUST 1, 2024

Like the athletes in Paris, Realtors and brokers across the U.S. 17, the date on which the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement are set to go into effect. Training on forms has been a central focus of brokerages across the country.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

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

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 473

Buyers Contracts Agents Realtors 473

Housing Wire

OCTOBER 1, 2024

The role and value of real estate agents has come under scrutiny since the National Association of Realtors (NAR) settled a bevy of antitrust lawsuits related to offers of agent compensation on Realtor-owned multiple listing services (MLSs). White-label branding can also be used for brokerages when trying to recruit new agents.

Agents 448

Agents Real Estate Agent Real Estate Brokerage 448

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. Led by Mike DelRose Sr., Mike DelRose Jr. said in a statement. DelRose Jr.

Realty 459

Realty Brokerage Real Estate Clients 459

Housing Wire

DECEMBER 23, 2020

Agents, teams and brokerages are now seriously reconsidering the technology platform, tools and services needed to effectively do business today. By relying on AI-powered chatbots, for example, potential clients can interact and ask questions via a broker web site while a chatbot intelligently handles the request.

Real Estate 488

Real Estate Technology Tools Clients 488

Housing Wire

JUNE 11, 2024

The National Association of Realtors addressed concerns of agent steering in its latest update to its commission lawsuit settlement FAQs. A Realtor must never put broker compensation before their client’s interests.”

Realtors 448

Realtors Sellers Agents Buyers 448

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 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

NOVEMBER 1, 2024

PRO TIP You may see the terms “real estate agent” and “Realtor” used interchangeably. While a Realtor is indeed an agent, the term doesn’t work both ways. To be a Realtor, an agent must be a member of the National Association of Realtors® (NAR). Now, it’s time to join a brokerage.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448