Remove Brokerage Remove Legal Remove Training
article thumbnail

Are the legal risks of private listing networks real?

Housing Wire

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. Restraint on trade?

Legal 374
article thumbnail

How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. If your dream is to own your own brokerage and manage a team of top-performing agents, leading your team to success means much more than hanging a new license on your wall. This includes legal, tax, and state requirements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

While Alabama-based brokerage leader Anna-Marie Ellison said she supports the state associations efforts, she also said her agents have not expressed concerns about signing a buyer representation agreement prior to touring a house with a prospective client. Buyers dont really seem to care, Lamacchia said.

Legal 388
article thumbnail

What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. citizen or legal resident and be 18 years of age or older. Now, it’s time to join a brokerage. While a Realtor is indeed an agent, the term doesn’t work both ways.

article thumbnail

Housing Rights Initiative files massive discrimination case in Illinois

Housing Wire

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. Defendants in the suit include major brokerage companies such as Coldwell Banker , Christies International Real Estate , Keller Williams and Berkshire Hathaway Home Services Chicago.

Landlords 418
article thumbnail

Year of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

Housing Wire

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 We’ve always married very strong national training with equally strong regional training,“ Smith said.

article thumbnail

Big-name brokerages among those accused of income-based discrimination in California

Housing Wire

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). We are reviewing the claims.”

Brokerage 497