Housing Wire

FEBRUARY 4, 2025

The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.

Clients 386

Clients Brokerage Advertising Sellers 386

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397

Contracts Loan Officers Best Value Legal 397

Housing Wire

DECEMBER 30, 2024

The homes that went under contract took 43 days to do so the slowest pace since 2019. Simply put, some renters are choosing to avoid rising homeownership costs, moving expenses and brokerage fees, Redfin explained. .” According to the report, 54.5% of November home listings remained unsold for at least 60 days.

Inventory 487

Inventory Sellers Housing Market Contracts 487

Housing Wire

OCTOBER 30, 2024

They allege that the brokerage repeatedly ignored complaints about the men due to their financial success. Official Partners — a Side affiliate founded by brothers Tal and Oren Alexander — also faces sexual assault allegations tied to drugging and rape, which led to Side suing the brothers for breach of contract.

Real Estate 468

Real Estate Real Estate Agent Realty Realtors 468

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 457

Brokerage Real Estate Agents Sellers 457

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

Real Estate 440

Real Estate Brokerage Valuation Contracts 440

Housing Wire

NOVEMBER 8, 2024

White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. Side claims the defendants have breached contracts between the two parties that were extended in August 2022. Details on what the collateral is and the nature of the loan are redacted in Side’s court filings.

Legal Fees 366

Legal Fees Legal Real Estate Brokerage 366

Housing Wire

JANUARY 27, 2025

Several major brokerages including Keller Williams , Compass , eXp Realty , RE/MAX and Coldwell Banker utilize the platform. Indigo is a search platform that allows buyers to bid on agent-approved listings. These listings are enhanced by AI to incorporate customer preferences.

Real Estate 358

Real Estate Real Estate Agent Agents Brokerage 358

Housing Wire

DECEMBER 17, 2024

The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited.

Realty 392

Realty Real Estate Advertising Agents 392

Housing Wire

JANUARY 27, 2025

She went from a brand new agent in 2020 to running her wildly successful boutique brokerage with Side in less than four years. ” Vetted pro tip: 10x your social media KPIs with Coffee & Contracts Want a shortcut to social media stardom? Can you build a thriving real estate business on TikTok? Kina Desantis did.

Agents 359

Agents Business Real Estate Real Estate Agent 359

Appraisal Buzz

OCTOBER 31, 2024

The agreement would settle claims against NAR, over one million NAR members, all state/territorial and municipal Realtor associations, all association-owned MLSs, and all brokerages having a NAR member as principal in 2022 with a residential transaction volume of $2 billion or less.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

JUNE 26, 2024

mortgage brokerage firm, with 2,570 licensed loan officers and 239 active branches, per the Nationwide Multistate Licensing System ( NMLS ). . “NEXA claims that Grella breached his fiduciary duty to the company — but as a member of a manager-managed company at the time of the alleged misconduct, he had no such duty.”

Contracts 359

Contracts Legal Sellers Brokerage 359

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

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 447

Contracts Brokerage Law Real Estate Agent 447

Housing Wire

SEPTEMBER 10, 2024

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. That means you own your website instead of being locked down into a SAAS contract as with other website builders. Users seem to agree; AgentFire is rated above 4.8

Real Estate Agent 442

Real Estate Agent Real Estate Brokerage Agents 442

Housing Wire

JANUARY 30, 2025

While many real estate brokerages have made the choice to settle the commission lawsuits including Side and JPAR just this week others are still attempting to fight. 31, 2019, and the present. The filings made by the other defendants contained similar denials of wrongdoing, but things differed slightly in the various defenses they offered.

Real Estate 249

Real Estate Real Estate Agent Brokerage Law 249

Housing Wire

OCTOBER 28, 2024

The filing also takes aim at the touring and showing agreements some brokers and agents are initially using with buyers before they enter into a more formal contract. In total, the settlement amount for NAR and the settling brokerage firms in the Sitzer/Burnett suit comes in at nearly $1 billion.

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

FEBRUARY 10, 2025

The defendants also address Eytalis claims of breach of contract and unjust enrichment, saying that neither are supported by fact. They note that the alleged breach-of-contract claim is premised on certain actions taken supposedly in violation of WFARs bylaws.

Realtors 269

Realtors Real Estate Contracts Agents 269

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. This change will not affect agents that retire or leave the real estate brokerage business.

Brokerage 511

Brokerage Legal Agents Realty 511

Housing Wire

OCTOBER 4, 2023

Census Bureau shows how the business landscapes changed for homebuilders , lessors, agents , brokerages and other real estate professionals in the first full year after the pandemic began. The effects on each industry segment were disparate, the most recently available data for 2021 shows.

Landlords 446

Landlords Agents Brokerage Supply Chain 446

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. Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits.

Legal 468

Legal Brokerage Agents Real Estate 468

Housing Wire

OCTOBER 7, 2024

Under now-bankrupt brokerage MV Realty’s right-to-list agreement — which it calls a Homeowner Benefit Agreement (HBA) — a homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment. Companies have an obligation to tell you what they’re selling you,” Ellison said in a statement.

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 435

Contracts Brokerage Law Real Estate Agent 435

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. District Court for the Northern District of Indiana.

Brokerage 475

Brokerage Agents Legal Real Estate 475

Housing Wire

SEPTEMBER 24, 2024

mortgage lender United Wholesale Mortgage (UWM) this week won a three-year legal battle with a mortgage brokerage firm. The brokerage, which refused to do so, accused UWM of monopolizing the wholesale mortgage market. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Brokerage 429

Brokerage Contracts Legal Mortgage 429

Housing Wire

JULY 8, 2024

These brokerage firms and leaders are changing the game in real estate. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. According to Marianne Drenik, who co-owns the brokerage with Greg Pernus, the firm’s growth is 100% organic.

Brokerage 435

Brokerage Real Estate Agents Contracts 435

Housing Wire

OCTOBER 21, 2024

District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

Realtors 448

Realtors Legal Real Estate Law 448

Housing Wire

DECEMBER 18, 2024

The platform is soft launching this month in New York and Florida for real estate agents, teams, brokerages and MLSs to peek into potential neighborhoods and explore political leanings and local demographics.

Real Estate 396

Real Estate Real Estate Agent Brokerage Contracts 396

Housing Wire

AUGUST 16, 2024

The founders intend the platform to provide transparency to a market upended by the settlement of antitrust lawsuits by the National Association of Realtors (NAR) and major brokerages. The company said that buyer agents can produce compliant offers and contracts in seconds, from any digital device, with its Contracts AI tool.

Real Estate 464

Real Estate Real Estate Agent Contracts Brokerage 464

Housing Wire

AUGUST 22, 2024

.” The company noted that if it had “been allowed to compete with Defendants and their co-conspirators, it would have gained market share at Defendants’ expense while posing a competitive check on Defendants’ ability to charge exorbitant prices for brokerage services to consumers.

Realtors 482

Realtors Buyers Real Estate Brokerage 482

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 461

Buyers Contracts Agents Realtors 461

Housing Wire

DECEMBER 27, 2024

They handle property searches, showings, and contract negotiations. Team commission splits are typically lower than those of a traditional brokerage for an individual agent. This can be attributed to teams providing additional resources that brokerages dont like a consistent flow of leads, technology and administrative support.

Real Estate 417

Real Estate Tools Agents Real Estate Agent 417

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. It's not as straightforward as it sounds.

Contracts 195

Contracts Real Estate Agent Inspection Law 195

Appraisal Buzz

DECEMBER 9, 2024

home listings were up 3% year-over-year as of December 1, according to the technology-powered real estate brokerage. Photo: Irene Rego The post Redfin: Purchase Applications, Listings, Contracts Increased After the Election appeared first on MortgageOrb. In addition, U.S. Whats more, pending home sales increased 6.5%

Contracts 195

Contracts Brokerage Real Estate Buyers 195

Housing Wire

MAY 3, 2021

Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space. The second-largest brokerage in the U.S.

Agents 418

Agents Brokerage Real Estate Agent Real Estate 418

Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. Alper’s complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. Moulder, David L. Bueker, Robert E.

Brokerage 433

Brokerage Legal Agents Contracts 433

Inman

SEPTEMBER 25, 2024

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as "predatory."

Contracts 174

Contracts Realty Legal Brokerage 174