Housing Wire

APRIL 25, 2024

Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014. Louis Ronayne first joined the brokerage as an agent and later became a team leader, serving at the brokerage from July 2000 to September 2014.

Legal 457

Legal Agents Brokerage Real Estate 457

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. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L. Bueker, Robert E.

Legal 468

Legal Brokerage Agents Real Estate 468

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate technology firm Clever Real Estate.

Real Estate Agent 488

Real Estate Agent Real Estate Agents Buyers 488

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.

Real Estate Agent 468

Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

JULY 28, 2023

Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Learn neighborhood issues firsthand Community service allows agents to experience the community in a deep way.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages.

Legal 418

Legal Brokerage Real Estate Modernization 418

Housing Wire

AUGUST 1, 2024

Training on forms has been a central focus of brokerages across the country. For Lamacchia, it is essential that his agents and brokers are able to clearly explain and communicate about the forms they are asking clients to sign. And the agents are scared,” Lamacchia said.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

FEBRUARY 14, 2024

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. It’s something that I could use for a future brokerage, an app, or a startup.

Real Estate Agent 459

Real Estate Agent Real Estate Agents Brokerage 459

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. AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint.

Brokerage 459

Brokerage Realty Real Estate Agent Real Estate 459

Housing Wire

DECEMBER 16, 2024

The past year had its fair share of ups and downs for Howard Hanna Real Estate Services. The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades.

Real Estate 368

Real Estate Brokerage Agents Buyers 368

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).

Brokerage 497

Brokerage Landlords Law Realty 497

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 397

Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

DECEMBER 27, 2024

Our goal is to help educate you on what a real estate team is, how they work and the types of agents who thrive on teams. How do real estate teams work? Commission splits: How they work in real estate teams One important part of researching a team is to understand their commission structure.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

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.

Real Estate 397

Real Estate Brokerage Agents Advertising 397

Housing Wire

JANUARY 27, 2025

Together, these obstacles are forcing agents and brokerages to hit the sidelines and plan against seemingly insurmountable odds like facing Brady and the Patriots in the Superbowl. One thing is clear: This year will demand a shift in how real estate professionals approach their goals.

Real Estate 397

Real Estate Clients Technology Agents 397

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.

Brokerage 354

Brokerage Real Estate Agents Real Estate Agent 354

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

Housing Wire

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. “I’m hoping it can be the dominant organization nationwide.

Real Estate Agent 482

Real Estate Agent Real Estate Agents Legal 482

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. According to Mandy Nichols, a Dallas-based Brixstone Real Estate agent, this requirement is causing some first-time buyers to forego representation if it is not property explained.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. But that policy did not impact agents who joined before April 1, 2020. Moulder, David L.

Brokerage 511

Brokerage Legal Agents Realty 511

Housing Wire

JANUARY 29, 2024

As for the defendants, real estate brokerages River Point Realty , Bovard-Anderson , Priority Realty , Rubinoff Realty Services and Found It PA were added in the amended complaint. The addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 428

Brokerage Realty Real Estate Real Estate Agent 428

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. All of the filing defendants denied the Gibson plaintiffs’ allegations and posed defenses against the claims. 31, 2019, and the present.

Real Estate 264

Real Estate Real Estate Agent Brokerage Law 264

Housing Wire

DECEMBER 2, 2024

The legal industry understands that they can make a lot of money because of the nature of real estate. Regardless, if we don’t handle the underlying economic issue of sick brokerage companies, the industry will eat itself from inside. Cofano: Most real estate agents are great salespeople, not great marketers.

Real Estate 340

Real Estate Brokerage Advertising Agents 340

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 447

Agents Real Estate Agent Brokerage Realty 447

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I That would make it harder for agents to find all of the available properties for buyers and accurately price listings for sellers. “It It is really going to go backwards.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

APRIL 30, 2021

Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale. Few professions are told that more repeatedly than real estate agents.

Real Estate 468

Real Estate Real Estate Agent Legal Agents 468

Housing Wire

OCTOBER 7, 2024

The top brokerage in the country by transaction side count, eXp Realty , has settled the commission lawsuits. The brokerage firm noted that it does not expect the terms of the settlement to have a material impact on its operations, liquidity or cash flows.

Realty 458

Realty Brokerage Real Estate Agent Real Estate 458

Housing Wire

JANUARY 31, 2025

Get errors & omissions (E&O) insurance Estimated cost: $200 to 400 per year Errors and Omissions (E&O) insurance, or public liability insurance, is a requirement for all Colorado real estate agents. It protects you from potential legal claims that a mistake on your part caused someone financial harm.

Real Estate 291

Real Estate Brokerage Insurance Legal 291

Housing Wire

MAY 3, 2021

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. The second-largest brokerage in the U.S. Compass has faced multiple lawsuits in its eight-year-old history.

Agents 418

Agents Brokerage Real Estate Agent Real Estate 418

Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

Legal 482

Legal Realtors Agents Brokerage 482

Housing Wire

JUNE 10, 2021

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. The brokerage has “Co-listed properties with MLS agents to increase the online presence of client’s listings.”.

Real Estate Agent 397

Real Estate Agent Brokerage Real Estate Agents 397

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Law 435

Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. 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.

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

AUGUST 22, 2024

In the complaint, Homie claims that it is bringing this legal action to “recover the damages…suffered as an excluded competitor foreclosed by the Defendants’ conduct from effective competition in the relevant market.” 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 Brokerage Real Estate 482

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. In settling the commission lawsuit, Mark Spain Real Estate joins several other major industry players.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448