Housing Wire

OCTOBER 15, 2024

This has felt a lot more like Y2K versus some other stuff that we were warned about but were not prepared for, which is what I wanted,” said Leo Pareja , the CEO of eXp Realty. “My This is especially true when various MLSs, brokerages and agents are taking their own approaches to dealing with the business practice changes.

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Real Estate Brokerage Sellers Agents 448

Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S.

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Realtors Legal Real Estate Law 448

Housing Wire

FEBRUARY 7, 2025

The T3 Sixty Real Estate Almanac reports the same numbers, while the brokerage companys 2022 Annual Report pegged its sales volume at $8.5 The firm believes it should be covered by NARs settlement, which protects all real estate brokerages with a sales volume of less than $2 billion in 2022. which the company said did $1.75

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Human Resources Brokerage Real Estate Legal 368

Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The firm — which is now infamous for its right-to-list agreements — is being sued along with its Minnesota branch, MV Realty of Minnesota , and the companies’ shared executive, Amanda Zachman.

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Realty Contracts Legal Brokerage 448

Housing Wire

SEPTEMBER 20, 2024

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. On Tuesday, the office of California Attorney General Rob Bonta announced that it was granted a preliminary injunction against Florida-based MV Realty after filing a lawsuit in December 2023.

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Realty Real Estate Agent Real Estate Legal 448

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.

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Brokerage Legal Fees Realty Legal 447

Housing Wire

OCTOBER 15, 2024

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants.

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Brokerage Sellers Realty Realtors 433

Housing Wire

JANUARY 22, 2025

Brokerage leader eXp Realty isn’t slowing down its expansion in 2025. The company announced on Wednesday the addition of brokerage leader Abel Gilbert and ONEPATH Realty to its growing global network. ONEPATH Realty may be an independent brokerage , but it’s no stranger to posting big numbers.

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Realty Brokerage Tools Agents 370

Housing Wire

SEPTEMBER 25, 2023

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. MV Realty operated in 33 states and has more than 500 real estate agents. MV Realty did not return a request for comment.

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Realty Real Estate Agent Legal Real Estate 476

Housing Wire

APRIL 24, 2024

Realty ONE Group International has joined six other real estate brokerages in settling the commission lawsuits. The settlement, which is still subject to court approval, will settle all claims against Realty ONE Group, its franchises and affiliated agents. “Our

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Realty Real Estate Brokerage Realtors 475

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

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Brokerage Realty Realtors Sellers 459

Housing Wire

JANUARY 22, 2025

In an internal email obtained by HousingWire, sent by Gary Keller to all Keller Williams Realty International employees and the brands field leaders across the Keller Williams ecosystem on Wednesday, Keller wrote that Willis is transitioning from CEO and president to the new role of chief leadership officer.

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Legal Realty Development Real Estate 397

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 497

Housing Wire

DECEMBER 8, 2023

AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint. In addition to all of the local firms named, the amended complaint also added Anywhere brand, ERA Franchise System to the defendants list, as well as Weichert of North America , eXp Realty and Redfin.

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Brokerage Realty Real Estate Agent Real Estate 459

Housing Wire

MARCH 26, 2025

Despite the headlines , Phillip Cantrell, the founder of Benchmark Realty, characterized the move as a nothing burger. Our position has never been to dictate brokerage business models, Brian Donnellan, the president and CEO of Bright MLS, wrote in an email. It is just classic NAR propaganda. NWMLS is not NAR affiliated.)

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Sellers Real Estate Agents Brokerage 360

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The addition of the five local brokerages is not the only recent change to the list of defendants.

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Brokerage Realty Real Estate Real Estate Agent 430

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

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. Every big brokerage has some of them, but if you think about some of the most productive agents, a lot of them sit on Compass’ platform.

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Brokerage Agents Realtors Real Estate 476

Housing Wire

JULY 16, 2024

Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time. As part of the settlement, United will pay $3.7 million into a settlement fund.

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Real Estate Legal Fees Legal Brokerage 448

Housing Wire

JULY 2, 2024

At the center of the appeal is Bough’s denial of the Burton suit plaintiffs’ motion to alter or amend the order granting final approval to the brokerage defendants’ settlement agreements. Cheatham, Robert Douglass, Douglas Fender and Dena Fender. and the Plaintiffs.”

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Brokerage Realty Legal Real Estate 434

Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. Freedom must pay $1.75 million fine.

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Realty Mortgage Brokerage Real Estate 370

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. On August 16, 2023, the IALC — the voice of Keller Williams Realty, Inc.’s Moulder, David L.

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Brokerage Legal Agents Realty 511

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

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Brokerage Real Estate Realtors Legal 488

Housing Wire

OCTOBER 7, 2024

The top brokerage in the country by transaction side count, eXp Realty , has settled the commission lawsuits. The parent company of eXp Realty, eXp World Holdings , announced the settlement on Monday in a filing with the Securities and Exchange Commission (SEC).

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Realty Brokerage Real Estate Agent Real Estate 459

Housing Wire

MARCH 19, 2025

without mandated MLS publication of offers of compensation or exceptions benefitting primarily large brokerages) are anticompetitive. He added that anyone who is involved in upholding CCP will be subject to legal exposure. The Division has not taken a position that such policies standing alone (i.e., And I consider it to be misleading.

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Realtors Legal Sellers Law 209

Real Estate News

SEPTEMBER 22, 2023

The brokerage, which offered homeowners cash in exchange for a 40-year right-to-list agreement, has been bogged down by lawsuits and investigations.

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Legal Realty Brokerage 261

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit.

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Brokerage Realtors Realty Real Estate 473

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 and the Plaintiffs.”

Brokerage 397

Brokerage Realty Sellers Real Estate 397

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. 31, 2019, and the present.

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Real Estate Real Estate Agent Brokerage Law 271

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

Buyers 459

Buyers Brokerage Agents Sellers 459

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story.

Brokerage 488

Brokerage Agents Real Estate Buyers 488

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. District Court in Atlanta that it had reached a nationwide settlement of the commission lawsuits with the plaintiffs in the Phillips suit.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I It is really going to go backwards.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

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. 17, 2020, and the present.

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Realtors Brokerage Real Estate Realty 533

Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. 31, 2023 , Douglas Elliman had $119.8

Brokerage 467

Brokerage Agents Legal Realty 467

Housing Wire

OCTOBER 7, 2024

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. 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

DECEMBER 6, 2023

Defendants in the lawsuit include the Florida Association of Realtors , the nation’s largest state Realtor group with 238,000 members, and 16 large local brokerages, with agent counts ranging from 655 to nearly 4,000. These allegations are absurd.

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Realty Realtors Brokerage Real Estate 459