Housing Wire

MARCH 31, 2025

Plaintiffs in a high-profile commission lawsuit have been denied a motion to intervene in eXp World Holdings’ and Weichert Realtors settlement in a separate case. ” While other large brokerages settled the Gibson suit, eXp and Weichert chose to negotiate with the plaintiffs in the Hooper case. million in November. .

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Brokerage Real Estate Realtors Law 343

Housing Wire

MARCH 3, 2025

The debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy is raging on. Marx Stercow, the managing attorney at Sterbcow Law Group , agrees that agents and brokers need to be mindful of what they tell consumers about private listing networks. Jerrold Bregman, a partner at BG Law , shares a similar view.

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Legal Sellers Realtors Agents 386

Housing Wire

OCTOBER 23, 2023

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. The day started with video depositions of four real estate brokerage executives.

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Law Agents Realtors Contracts 459

Housing Wire

JUNE 28, 2024

The remaining brokerage defendants in the Batton 2 homebuyer commission lawsuit filed a joint motion to dismiss the suit last week. In addition to the joint motion to dismiss, United Real Estate and Weichert Realtors filed motions to dismiss due to lack of jurisdiction.

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Brokerage Realtors Law Real Estate 392

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. In its filing, BHE a subsidiary of Warren Buffetts Berkshire Hathaway denied any liability and the plaintiffs’ allegations that it violated federal antitrust laws.

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Real Estate Real Estate Agent Brokerage Law 322

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. The jury’s verdict came just days after Zillow filed a motion for judgement as a matter of the law , which would have allowed the judge to rule on the case instead of a jury. “We’re

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Advertising Brokerage Real Estate Legal 448

Housing Wire

MARCH 18, 2025

Compass and its CEO, Robert Reffkin, have not been shy when it comes to voicing their displeasure over the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). And at the MLS used by the San Francisco Association of Realtors , agents can designate listings as Coming Soon.

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Legal Realtors Design Agents 312

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Frazier also told the jury that ReeceNichols does not require agents to be members of the National Association of Realtors , but the local MLS does.

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Law Agents Brokerage Buyers 435

Housing Wire

APRIL 4, 2025

Regulation Z Paragraph 36(f)(2) states that a mortgage brokerage is responsible for verifying that the loan originator individuals who work directly for it are licensed and registered in accordance with applicable law, whether the individual loan originators are its employees or independent contractors who operate pursuant to a brokerage agreement.

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Loan Officers Brokerage Legal Law 327

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. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.” 17, 2020, and the present.

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Realtors Brokerage Real Estate Realty 533

Housing Wire

AUGUST 25, 2024

With technology changing faster than new agents answer phone calls, choosing the right real estate brokerage software can sometimes feel like a full-time job. Here’s why: Good software might help your brokerage stay afloat in a post-lawsuit market. The looming chaos from the commission lawsuits sure isn’t helping.

Real Estate 435

Real Estate Brokerage Contracts Training 435

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

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

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Realtors Law Agents Real Estate 468

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. Despite the DOJs filing, Judge Stephen R.

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Realtors Law Buyers Contracts 221

Housing Wire

NOVEMBER 16, 2023

.” While the plaintiffs in the Moehrl , Sitzer/Burnett and Nosalek lawsuits are all represented by large law firms with class-action experience, the plaintiff in the relatively small Burton suit in South Carolina is represented by attorneys at Knie & Shealy Law Offices in Spartanburg.

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Law Brokerage Advertising Real Estate 482

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We We will always comply with the law.”

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Legal Realtors Agents Brokerage 482

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 26, 2024.

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Brokerage Realty Sellers Real Estate 397

Housing Wire

JULY 3, 2024

But the brokerage firm is once again finding itself under fire after homebuyer plaintiff Scott Davis filed a suit against the firm’s parent company, Hanna Holdings , on May 31. District Court in Philadelphia on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representing the plaintiffs in the Batton suits.

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Real Estate Law Realtors Buyers 426

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.

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Real Estate Brokerage Insurance Legal 338

Housing Wire

FEBRUARY 21, 2024

The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. District Court for the Northern District of Illinois dismissed a claim made by the plaintiffs under a federal antitrust law.

Realtors 435

Realtors Brokerage Real Estate Law 435

Housing Wire

APRIL 24, 2024

National Association of Realtors , et al., involve common questions of law and fact, consolidation will conserve judicial resources and promote efficiency, and consolidation will not cause undue delay, confusion, or prejudice,” Bough wrote in his ruling. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate.

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Realtors Real Estate Brokerage Law 448

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions. Who’s named?

Real Estate 448

Real Estate Brokerage Sellers Law 448

Housing Wire

OCTOBER 7, 2024

And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It But with REcolorado’s sale to Burks, the MLS is no longer owned by a Realtor association and thus isn’t subject to NAR rules. The brokerage added that it has concerns over provisions tied to ownership of the data.

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Brokerage Real Estate Realtors Agents 476

Housing Wire

NOVEMBER 7, 2023

The settlement agreements outline specific policy changes, including no longer requiring agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook, and informing agents that they don’t have to make or receive offers of cooperative compensation. 31, 2019, to the present.

Brokerage 459

Brokerage Law Agents Realtors 459

Housing Wire

AUGUST 22, 2024

The two brokerage defendants in the suit filed a motion to dismiss on Monday. Wood, who is overseeing the Batton suits, ruled that the “plaintiff lacks antitrust standing to pursue this claim because he is not an efficient enforcer of the antitrust laws.” “Not In their motion to dismiss, the defendants note that Judge Andrea R.

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Law Real Estate Agent Real Estate Brokerage 434

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

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Real Estate Realtors Realty Real Estate Agent 493

Housing Wire

JANUARY 2, 2024

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” The National Association of Realtors will respond to this complaint in court.”

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Sellers Brokerage Real Estate Realtors 448

Housing Wire

APRIL 17, 2024

The plaintiffs who signed the contract, however, sued a non-signatory parent company of the signatory brokerages, which “asserted liability based on the non-signatory’s relationship with its subsidiary.” Under Missouri state law, HomeServices of America would have needed to have been named as a third-party beneficiary on the client contracts.

Contracts 448

Contracts Brokerage Law Real Estate Agent 448

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

Realty 459

Realty Realtors Brokerage Real Estate 459

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 448

Realty Real Estate Law Brokerage 448

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

DECEMBER 12, 2023

The National Association of REALTORS will respond to this complaint in court.” Of the brokerage defendants, eXp and Keller Williams were the only firms to comment on the new suit. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.

Realtors 476

Realtors Sellers Real Estate Buyers 476

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

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.

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Buyers Contracts Agents Realtors 480

Housing Wire

APRIL 23, 2024

The plaintiffs kept moving the finish line and I was sad as president of the National Association of Realtors not to be able to protect everybody, but at the end of the day we realized we need to be able to protect the most people that we can, and in this proposed settlement, that was what we were able to do,” Sears said.

Realtors 448

Realtors Brokerage Agents Real Estate 448

Housing Wire

JANUARY 19, 2024

Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Unlike other MLSs, MetroList is not exclusively owned or operated by Realtor associations affiliated with the National Association of Realtors. Lyon & Associates , Guide Real Estate , Paul M.

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Realtors Real Estate Real Estate Agent Buyers 458