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

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 433

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

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.

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Brokerage Realtors Agents Real Estate 448

Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. According to many legal resources, it is common for brokerages to prevent agents from acting as contractors on home sale transactions they are involved in. eXp did not return a request for comment.

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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

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

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), Realty ONE Group ($5 million), HomeSmart Holdings ($4.7 Similarly, The Real Brokerage settled with the Umpa plaintiffs in early April, prior to the consolidation.

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Brokerage Real Estate Realtors Realty 435

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 435

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

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

OCTOBER 18, 2024

There are an awful lot of the large regional realty companies who have not entered into settlements, and I think this will certainly give them a boost,” said Charles Cain, an attorney at Sterbcow Law Group and the president of Alliance Solutions. He is not the only one who thinks so. It is just adding to the confusion.

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Brokerage Real Estate Law Realtors 435

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 475

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.”

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Brokerage Realty Sellers Real Estate 397

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.

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Brokerage Real Estate Agents Sellers 448

Housing Wire

DECEMBER 9, 2024

Not only has Realty ONE Group successfully had its commission lawsuit settlement agreement approved, but the firm has also succeeded in being dismissed from the Masiello copycat commission lawsuit. District Court in Phoenix, granted the joint motion to dismiss filed by plaintiff John Masiello and defendant Realty ONE Group Arizona.

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Realty Realtors Real Estate Brokerage 370

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

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Buyers Brokerage Agents Sellers 459

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.

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Real Estate Realty Real Estate Agent Brokerage 448

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.

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Brokerage Agents Real Estate Buyers 488

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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Housing Wire

FEBRUARY 16, 2024

Like the other commission lawsuits, the Boykin suit is seeking class action status for anyone who listed a property on a MLS in Nevada using a listing agent affiliated with one of the brokerage defendants named in the suit and paid a buyer broker commission between Feb. 16, 2020, and the present.

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Real Estate Realtors Realty Brokerage 468

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

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Brokerage Agents Legal Realty 468

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 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. According to the suit, the Campolis worked with Mark Grieger, their neighbor and an agent brokered at Anywhere-backed Coldwell Banker Realty , to list their home in Deephaven, Minnesota, for $3.3

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Realty Real Estate Advertising Agents 397

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

Housing Wire

SEPTEMBER 3, 2024

Florida-based independent brokerage The Keyes Co./Illustrated Illustrated Properties has joined the growing list of brokerages that have settled the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a motion to stay the case.

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Brokerage Realty Realtors Real Estate 448

Housing Wire

MAY 6, 2024

Redfin has joined the growing list of real estate brokerages that have settled the commission lawsuits. brokerage that has saved consumers more than $1.5 As part of the settlement agreement, Redfin has agreed to pay $9.25 million into a qualified settlement fund within 30 days of the court’s preliminary approval of the agreement.

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Brokerage Realty Real Estate Agents 493

Housing Wire

SEPTEMBER 6, 2024

And 90% of agents at what Stephens refers to as “traditional” brokerages — which includes firms like RE/MAX , Anywhere , Keller Williams , Compass and Douglas Elliman — reported being fully or somewhat prepared. A majority of agents (82%) reported that their brokerages either completely or mostly prepared them for the changes.

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Agents Real Estate Agent Brokerage Realty 448

Housing Wire

AUGUST 22, 2024

District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. For example, of the top 10 brokerages by closed sides in 2013, only three remain in the top 10 in 2023.

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Realtors Buyers Brokerage Real Estate 482

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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Housing Wire

JULY 16, 2024

HomeSmart International has joined the growing list of brokerages that have settled the commission lawsuits. The firm filed a notice of its nationwide settlement agreement on Tuesday in the consolidated Gibson and Umpa suits. The National Association of Realtors has also reached a nationwide settlement of the commission suits.

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Brokerage Realty Realtors Real Estate 435

Housing Wire

JANUARY 9, 2024

2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan. Similar to all of the other copycat suits filed after the Sitzer/Burnett jury verdict in late Oct. 5, 2020, and the present.

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Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

FEBRUARY 6, 2024

Instead the suit lists the state’s largest Realtor organizations, including Arizona Association of Realtors , Phoenix Association of Realtors , Scottsdale Area Association of Realtors , and West and Southeast Realtors of the Valley Incorporated, as well as several local and national brokerage firms, including, HomeSmart , My Home Group , Realty One (..)

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Realty Realtors Real Estate Brokerage 435

Housing Wire

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a lawsuit against Freedom Mortgage Corporation for allegedly violating the Home Mortgage Disclosure Act (HMDA) and a 2019 consent order by submitting legally required mortgage loan data that “was riddled with errors.” Freedom must pay $1.75

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Brokerage Realty Real Estate Loan Officers 418