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. For example, of the top 10 brokerages by closed sides in 2013, only three remain in the top 10 in 2023.

Realtors 482

Realtors Buyers Real Estate Brokerage 482

Housing Wire

JANUARY 27, 2025

The founders also cited the National Association of Realtors ‘ antitrust lawsuits as a key motivator behind Indigo’s launch. Several major brokerages including Keller Williams , Compass , eXp Realty , RE/MAX and Coldwell Banker utilize the platform. These listings are enhanced by AI to incorporate customer preferences.

Real Estate 363

Real Estate Real Estate Agent Agents Brokerage 363

Housing Wire

FEBRUARY 10, 2025

The National Association of Realtors (NAR) hasnt been shy about trying to dismiss the growing crop of lawsuits alleging that its three-way membership agreement structure constitutes an antitrust violation, and things are no different with the Eytalis suit in Texas.

Realtors 279

Realtors Real Estate Contracts Agents 279

Appraisal Buzz

OCTOBER 31, 2024

Commissions trended slightly lower following the National Association of Realtors (NAR) settlement , dropping from an average of 2.42% in March to 2.35% in August, when the new changes went into effect. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

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. Hanna Holdings and Crye-Leike also claimed that the National Association of Realtors (NAR) commission lawsuit settlement agreement bars the plaintiffs’ claims.

Real Estate 257

Real Estate Real Estate Agent Brokerage Law 257

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 448

Contracts Brokerage Law Real Estate Agent 448

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 445

Real Estate Agent Real Estate Brokerage Agents 445

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 468

Buyers Contracts Agents Realtors 468

Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

Buyers 448

Buyers Realtors Agents Sellers 448

Housing Wire

OCTOBER 7, 2024

The agreement allows a broker to own the listing contract, but REcolorado will own the listing’s record, potentially giving REcolorado the right to deny an agent’s ability to download and sell their listings. And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It

Brokerage 476

Brokerage Real Estate Realtors Agents 476

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

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. But the New Hampshire Association of Realtors and Prime MLS had already introduced the changes, including mandatory buyer representation agreements and no offers of cooperative compensation on the MLS, about three weeks prior.

Agents 435

Agents Inspection Real Estate Sellers 435

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 466

Real Estate Real Estate Agent Contracts Brokerage 466

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 397

Real Estate Real Estate Agent Brokerage Contracts 397

Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. 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

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 459

Realtors Agents Contracts Brokerage 459

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

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

Realtors 448

Realtors Contracts Real Estate Agents 448

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

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 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

FEBRUARY 14, 2025

When the Department of Justice (DOJ) came out in opposition of buyer representation agreements as they are defined in the National Association of Realtors (NAR) commission lawsuit settlement agreement, Alabama Association of Realtors took notice.

Realtors 200

Realtors Law Buyers Contracts 200

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

JULY 25, 2024

It appears the sun may not have completely set on the proposed sale of the shares of REcolorado owned by the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to MAZL LLC. Although the contents of the IOI are confidential, we feel that it will be very competitive. Real Estate.

Real Estate 458

Real Estate Brokerage Realtors Contracts 458

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.”

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. Under CCP, listing brokers have two days from the signing of the listing contract to input the listing in the MLS as “registered,” “coming soon” or “active.”

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

JANUARY 31, 2025

Just a few years later, I was breaking sales records, and at age 27, I was on the cover of Realtor Magazines 30 Under 30. Colorado requires new Realtors to pass both a national and state real estate exam. Many brokerages offer a group E&O insurance policy and others may have additional requirements.

Real Estate 284

Real Estate Brokerage Insurance Legal 284

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. The day started with video depositions of four real estate brokerage executives. The defense next called on NAR CEO Bob Goldberg to testify.

Law 459

Law Agents Realtors Contracts 459

Inman

FEBRUARY 28, 2024

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Contracts 200

Contracts Buyers Realtors Brokerage 200

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

OCTOBER 2, 2023

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.”

Brokerage 391

Brokerage Agents Realtors Legal 391

Inman

AUGUST 20, 2024

The National Association of Realtors' proposed settlement agreement requires brokers and agents to sign contracts with buyers they're "working with." But what exactly does that mean?

Contracts 193

Contracts Open Houses Buyers Realtors 193

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

Realty 447

Realty Real Estate Law Brokerage 447

Housing Wire

MAY 3, 2021

An Austin, Texas-based residential brokerage, REX filed a lawsuit in March , complaining its listings were unfairly relegated to the “other listings” tab instead of the “agent listings” tab on Zillow’s consumer-facing website, which draws billions of interested buyers and window shoppers each year.

Brokerage 397

Brokerage Agents Advertising Legal 397

Housing Wire

AUGUST 30, 2024

Pardon if my words convey a dash of sarcasm yet, after over four decades of helping buyers and sellers and running two of the largest brokerage companies in the world, I am compelled to read missives of the misinformed as they pop corks in celebration. More complication and uncertainty.

Real Estate 447

Real Estate Sellers Buyers Brokerage 447

Housing Wire

AUGUST 19, 2024

.” CFA has long maintained that coupled commissions (where sellers split commissions between the seller’s and the buyer’s broker) have allowed Realtors to set prices, overcharging all home buyers and sellers tens of billions of dollars each year. Regrettably, the HousingWire piece completely ignores this fact.

Real Estate 459

Real Estate Sellers Buyers Agents 459

Housing Wire

APRIL 20, 2022

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 million – brokerages have become less focused on attracting new agents into the industry and instead more focused on increasing the productivity of the agents they have. Brokerages Invest in Tech.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

SEPTEMBER 13, 2021

A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin.

Housing Market 538

Housing Market Marketing Inventory Contracts 538