Housing Wire

FEBRUARY 14, 2024

I am a big believer in developing a brand for your real estate business from Day One. The power of branding in real estate In the real estate world, there’s a prevailing belief that “You are the brand” as an agent. Without a federal trademark registration, you’ll have little to no legal recourse.

Real Estate Agent 451

Real Estate Agent Real Estate Agents Brokerage 451

Housing Wire

OCTOBER 15, 2024

Confusion and chaos are still a reality for some real estate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. Although the world didn’t end for the real estate industry on Aug.

Real Estate 446

Real Estate Brokerage Sellers Agents 446

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. Yet, the complexity of real estate transactions lies beyond the initial online search.

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Real Estate Buyers Agents Sellers 497

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. Then HOUS [ Anywhere Real Estate ] has a lot of run-of-the-mill agents, with some strong ones at Corcoran and Coldwell Banker.

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Brokerage Agents Realtors Real Estate 450

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

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Real Estate Realtors Realty Brokerage 417

Housing Wire

AUGUST 9, 2024

It’s a phrase we often hear, but its importance cannot be overstated in the real estate business. As the CEO of a multi-state real estate brokerage , I have witnessed firsthand the importance of this principle. Remember, your worth is non-negotiable in real estate or any other field.

Real Estate 418

Real Estate Business Brokerage Clients 418

Housing Wire

DECEMBER 27, 2024

Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how real estate teams work for you to decide whether its the right career move for you. How do real estate teams work?

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Real Estate Tools Agents Real Estate Agent 361

Housing Wire

AUGUST 6, 2024

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different. 17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. This system, with its veiled surcharges, illegally warps the real estate market.”

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Brokerage Realty Real Estate Agent Real Estate 448

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business.

Advertising 394

Advertising Brokerage Real Estate Legal 394

Housing Wire

OCTOBER 17, 2024

The list of brokerages that have settled the commission lawsuits is getting longer. On Wednesday, Higher Tech Realty , dba Mark Spain Real Estate , filed a notice informing the U.S. Mark Spain Real Estate operates in Georgia, Tennessee, North Carolina, Florida, South Carolina and Texas.

Real Estate 387

Real Estate Realty Real Estate Agent Brokerage 387

Housing Wire

FEBRUARY 9, 2024

Anywhere Real Estate named Joseph Z. ” Lenz has extensive experience helping companies navigate investments across different capital structures, as well as investor and legal affairs. Lenz to its board of directors, the company announced on Thursday. The appointment will be effective starting Feb.

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Real Estate Legal Investing Investors 410

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. Given ongoing legal proceedings and confidentiality agreements between parties, we cannot comment further at this time.”

Real Estate 448

Real Estate Buyers Legal Realtors 448

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 It’s been one year since the Sitzer/Burnett verdict was rendered in Missouri.

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Real Estate Brokerage Agents Training 373

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 489

Real Estate Realtors Realty Real Estate Agent 489

Housing Wire

AUGUST 1, 2024

It is fitting that the 2024 Summer Olympics in Paris are the backdrop for the final two weeks leading up to when the real estate industry will undergo its largest structural change in decades — a feat of near-Olympic proportions. Training on forms has been a central focus of brokerages across the country.

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Real Estate Agent Real Estate Agents Business 405

Housing Wire

DECEMBER 26, 2023

To find the best Michigan real estate school with expert instruction and valuable study resources, look no further than our Michigan real estate school guide. Becoming a Michigan real estate agent is an excellent career choice for anyone who wants flexible working hours and high earning potential.

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Real Estate Real Estate Agent Design Legal 400

Housing Wire

OCTOBER 10, 2024

While the homebuyer commission lawsuits continue to be a thorn in the side of the real estate industry, three corporate brokerages have at least for now recorded a small win. Additionally, the brokerage defendants note that Mullis filed an appeal of the final approval of the firms’ settlement.

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Brokerage Real Estate Realtors Sellers 270

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

Real Estate 382

Real Estate Real Estate Agent Agents Brokerage 382

Housing Wire

OCTOBER 8, 2024

But as many as 200 real estate agents , brokerage firms and landlords are alleged to have violated this law by discriminating against applicants with federally subsidized Section 8 Housing Choice Vouchers, according to an undercover investigation conducted by the Housing Rights Initiative (HRI).

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Brokerage Landlords Law Realty 447

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. HomeSmart , Redfin , United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage.

Brokerage 363

Brokerage Legal Fees Realty Legal 363

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

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

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Real Estate Brokerage Sellers Law 425

Housing Wire

JANUARY 26, 2024

But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants. The Brokerage Defendants also serve an essential role in the conspiracy by executing the conspiracy’s objectives on the ground,” the complaint states. “In

Brokerage 395

Brokerage Realty Realtors Sellers 395

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

Brokerage 433

Brokerage Real Estate Realtors Legal 433

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. Under the updated policy, vested agents who joined before April 1, 2020, and actively compete with KW brokerages would see their profit share reduced from 100% to 5%.

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Brokerage Legal Agents Realty 506

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

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Real Estate Agent Real Estate Agents Modernization 453

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 Umpa suit is the only commission lawsuit in which Real has been named as a defendant. The brokerage will pay $9.25 The Real Brokerage closed $14.4

Brokerage 359

Brokerage Real Estate Agent Real Estate Clients 359

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas.

Real Estate 433

Real Estate Realtors Realty Real Estate Agent 433

Housing Wire

DECEMBER 18, 2024

Want to learn how to get a real estate license in New York? Discover the steps, tips, and essential information youll need to get your real estate license in New York, including how to qualify and apply for the licensing exam and how much time and money you can expect to invest to launch your new career in the Empire State.

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Real Estate Real Estate Agent Brokerage Agents 340

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 394

Real Estate Real Estate Agent Brokerage Agents 394

Housing Wire

OCTOBER 31, 2024

Much to the relief of some of the nation’s largest brokerage firms, Judge Stephen R. million) , The Real Brokerage ($9.25 million ) and United Real Estate ($3.75 Similarly, The Real Brokerage settled with the Umpa plaintiffs in early April, prior to the consolidation. million ), Douglas Elliman ($7.75

Brokerage 367

Brokerage Real Estate Realtors Realty 367

Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” My advice is to start simple.

Brokerage 377

Brokerage Real Estate Agents Sellers 377

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 243

Real Estate Brokerage Advertising Agents 243

Housing Wire

SEPTEMBER 26, 2024

This is according to a study published earlier this week by real estate technology firm Clever Real Estate. Clever surveyed 516 real estate agents in late August and early September, after the changes were implemented on Aug.

Real Estate Agent 446

Real Estate Agent Real Estate Agents Buyers 446

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Defendants in the lawsuit, which was filed in U.S.

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Realtors Buyers Brokerage Real Estate 482

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I In Orange County, California, Dan Smith — the co-founder of Anvil Real Estate , which is brokered by white label firm Side — said he and his 84 agents began preparing for seismic shifts in the industry in mid-October of last year.

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Brokerage Real Estate Agents Sellers 422