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 348

Legal Agents Brokerage Real Estate 348

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 438

Brokerage Realty Real Estate Agent Real Estate 438

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 357

Legal Brokerage Real Estate Modernization 357

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 389

Real Estate Agent Real Estate Agents Business 389

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

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 431

Brokerage Landlords Law Realty 431

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 411

Real Estate Brokerage Lending Mortgage 411

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 288

Real Estate Agent Real Estate Agents Clients 288

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 369

Real Estate Brokerage Agents Advertising 369

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 344

Brokerage Real Estate Agent Real Estate Clients 344

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 500

Brokerage Legal Agents Realty 500

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 436

Real Estate Agent Real Estate Agents Legal 436

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 461

Real Estate Real Estate Agent Legal Agents 461

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 417

Agents Brokerage Real Estate Agent Real Estate 417

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

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 408

Brokerage Real Estate Agents Sellers 408

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 452

Legal Realtors Agents Brokerage 452

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 322

Brokerage Realty Real Estate Real Estate Agent 322

Housing Wire

OCTOBER 27, 2023

You’re asking them to try to take the place of real estate agents who guide consumers through all the legal, financial and community complexities of buying a home even as 89% of homebuyers would use their agent again or recommend their agent to others. They decipher public property information.

Real Estate Agent 481

Real Estate Agent Real Estate Realtors Buyers 481

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

Buyers 513

Buyers Agents Mortgage Real Estate Agent 513

Housing Wire

DECEMBER 9, 2020

HW Media, publisher of HousingWire, FinLedger, and producer of Engage Events, today announced it has closed on the strategic acquisition of REAL Trends, the residential real estate industry’s leading report that ranks the performance of the top U.S. brokerage firms. About REAL Trends. About HW Media.

Real Estate 534

Real Estate Brokerage Legal Real Estate Agent 534

Housing Wire

DECEMBER 23, 2024

The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA). This flimsy lawsuit is just the latest in a tidal wave of legal actions by a desperate Chopra hungry for headlines. The Jason Mitchell Group did not immediately respond to requests for comment.

Real Estate 407

Real Estate Brokerage Clients Agents 407

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 416

Real Estate Agent Loan Officers Real Estate Agents 416

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 408

Agents Real Estate Agent Brokerage Real Estate 408

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 396

Real Estate Agent Real Estate Brokerage Law 396

Housing Wire

MAY 6, 2021

After talking to some of the biggest stakeholders in the industry about real estate commissions, he shares his findings and takeaways in this ask-me-anything conversation. Some people just choose to go with certain agents and pay more for that service. The following Q&A has been lightly edited for length and clarity.

Real Estate 413

Real Estate Real Estate Agent Agents Legal 413

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 350

Real Estate Agent Brokerage Real Estate Agents 350

Housing Wire

OCTOBER 11, 2024

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements.

Real Estate 409

Real Estate Brokerage Legal Agents 409

Housing Wire

NOVEMBER 20, 2024

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. The balance request includes additional damages for legal fees and a jury trial. million promissory note Side extended in April. Side claims the current balance owed is $4.2

Legal Fees 333

Legal Fees Real Estate Agent Brokerage Legal 333

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 358

Agents Real Estate Agent Brokerage Realty 358

Housing Wire

OCTOBER 21, 2024

In the suit, Homie claims it was harmed by the anticompetitive practices of NAR and the brokerage defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. But the defendants note that unlike the consumer-driven suits, Homie did not purchase brokerage services from any of the defendants.

Brokerage 402

Brokerage Real Estate Agent Real Estate Sellers 402

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. It was filed on Wednesday in U.S. District Court in Los Angeles. 17, 2020, and the present.

Realtors 477

Realtors Brokerage Real Estate Realty 477

Housing Wire

SEPTEMBER 25, 2023

MV Realty operated in 33 states and has more than 500 real estate agents. The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts.

Realty 475

Realty Real Estate Agent Legal Real Estate 475

Housing Wire

OCTOBER 7, 2024

9, to sign the agreement, agents are scrambling to find out what the agreement means for them. And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It Agents said that REcolorado’s lack of communication has led to confusion among agents and brokerages.

Brokerage 431

Brokerage Real Estate Realtors Agents 431

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 385

Realty Contracts Legal Brokerage 385

Housing Wire

OCTOBER 18, 2024

Real estate professionals will be looking to the recent decision in the Moratis commission lawsuit as they seek clarity on the outcomes of related cases.

Brokerage 340

Brokerage Real Estate Law Realtors 340

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 369

Realty Brokerage Real Estate Agent Real Estate 369