Housing Wire

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

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Training Agents Real Estate Brokerage 435

Housing Wire

DECEMBER 27, 2024

This is an experienced agent or broker who provides leads, training, mentorship, support and other resources for the team members. Team commission splits are typically lower than those of a traditional brokerage for an individual agent. Every team member brings a particular skill set to the table. Teams are led by a team leader.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

AUGUST 6, 2024

17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms. As the largest brokerage in the country by transaction sides in 2023, Pareja said it made sense for eXp to create its own forms. “We And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

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 brokerage will pay $9.25 The Real Brokerage closed $14.4 The Umpa suit is the only commission lawsuit in which Real has been named as a defendant.

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Brokerage Real Estate Agent Real Estate Clients 397

Housing Wire

JANUARY 31, 2025

It protects you from potential legal claims that a mistake on your part caused someone financial harm. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims. Today, I lead one of Colorado’s most successful Keller Williams brokerages.

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Real Estate Brokerage Insurance Legal 309

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. Broker Studies.

Real Estate 397

Real Estate Brokerage Agents Advertising 397

Housing Wire

MARCH 5, 2025

Keller Williams legal battle with former CEO John Davis is heating up. Davis own legal battle with his former employer began because of sexual misconduct allegations made against him by Inga Dow, the CEO of various Keller Williams offices, in 2022, three years after he left the firm.

Legal 332

Legal Training Business Contracts 332

Housing Wire

AUGUST 1, 2024

have been busy training and preparing to be ready for Aug. In only a matter of weeks, real estate professionals nationwide will find out whether their training has paid off. VantHof has spent several months training to prepare for the business practice changes. Like the athletes in Paris, Realtors and brokers across the U.S.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Business 448

Housing Wire

OCTOBER 16, 2023

Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housing market sentiment survey by HousingWire.

Real Estate 448

Real Estate Brokerage Training Agents 448

Housing Wire

MARCH 18, 2024

Jessica Edgerton , chief legal officer at LeadingRE , was also caught off guard by the timing of everything. “I Due to this, Edgerton and other industry leaders believe it is essential for agents to focus on training and education as the mid-July deadline looms just a few months away. It is really going to go backwards.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

AUGUST 15, 2024

While it might seem incredibly complicated to guide both owned brokerages and franchisees through the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , Anywhere Real Estate views having both models under its umbrella as a blessing. The first is simplicity. The other principle is flexibility.

Brokerage 435

Brokerage Agents Legal Buyers 435

Housing Wire

JULY 17, 2024

Brokers, especially those dealing in the default and real estate owned (REO) business, should strongly consider becoming HUD certified housing counselors or, at the least, undertake the training in order to improve skills helping distressed, low income, or first-time homeowners. The new reality likely reflects a previously existing truth.

Real Estate 493

Real Estate Agents Training Buyers 493

Housing Wire

OCTOBER 16, 2023

According to Katie Johnson, NAR’s Chief Legal Officer, jury selection started last week and should finish today. However, many brokers aren’t waiting for that to happen before preparing agents, implementing buyer-broker agreements, and training agents on transparency in how commissions are paid and negotiable.

Buyers 482

Buyers Brokerage Agents Realtors 482

Housing Wire

OCTOBER 23, 2023

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. Roger Alford, a law professor from Notre Dame, was also called to testify on Friday.

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Legal Training Real Estate Realtors 435

Housing Wire

OCTOBER 26, 2023

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 435

Housing Wire

MARCH 11, 2024

According to the annoucment, King, who has been with Keller Williams since 2001, will continue as a training and coaching leader for Keller Williams’ Franchise Systems Orientation and will continue his work updating the Team Leader and Keller Williams experiences.

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Training Realty Legal Tools 443

Housing Wire

SEPTEMBER 21, 2021

A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. Non-controlling CEOs are getting bonuses based on brokerage profitability.”. That’s true in many of the leadership positions at a brokerage today.

Real Estate 364

Real Estate Brokerage Human Resources Agents 364

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397

Contracts Loan Officers Best Value Legal 397

Housing Wire

AUGUST 26, 2024

The complaint also alleges that the defendants have “consistently failed and refused to properly train, screen, conduct background checks, supervise, reprimand, direct and instruct” their senior management in “a manner at or above the standard of care in accordance” with their policies and the laws of their respective home states.

Real Estate Agent 514

Real Estate Agent Real Estate Law Agents 514

Housing Wire

SEPTEMBER 2, 2022

National Head of Brokerage. EVP, Training and Operational Support. VP, Legal and Compliance. Managing Director, Capital Markets. Finance of America Mortgage. Caleb Mittelstet. Carrie Koester. Head of Product Marketing Strategy. Chelsea Goyer. Senior Director of Strategic Growth and Acquisitions. OriginPoint. Craig Rebmann.

Retail 417

Retail Finance Realty Technology 417

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. The day started with video depositions of four real estate brokerage executives.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Third, Compass agents have doubled down on training to help them better communicate their value proposition.

Agents 468

Agents Real Estate Brokerage Clients 468

Housing Wire

FEBRUARY 14, 2022

Alipour gushed about Redfin’s training program, and she accessed maternity leave benefits other agents lack. Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools.

Business 370

Business Brokerage Real Estate Agent Real Estate 370

Housing Wire

OCTOBER 22, 2023

Requirements to get your real estate license in Texas Getting your real estate license in Texas comes down to fulfilling your qualifying education requirement, applying for your license, getting your background check, taking and passing the exam, and finding a sponsoring brokerage.

Real Estate 435

Real Estate Real Estate Agent Agents Brokerage 435

Housing Wire

FEBRUARY 25, 2022

The disputes involve Californian brokerage shops Kevron Investments Inc. UWM claims in the lawsuit that it provides brokers “considerable resources” to grow their businesses, such as technology, marketing materials, compliance support and training. and Mid Valley Funding & Inv.

Contracts 370

Contracts Investing Brokerage Mortgage 370

Housing Wire

AUGUST 19, 2024

Another wrinkle is that not all agents, brokerages or sellers are handling offers of buyer broker compensation the same way. It is putting a target on your back, but there are some big brokerages here, I think, that are choosing to live dangerously,” O’Koniewski said. It is just the Wild West again.”

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 448

Realtors Contracts Real Estate Agents 448

Housing Wire

NOVEMBER 2, 2023

We run one of the largest brokerage websites in America, as well as a national network of contractors trained and licensed to provide low cost on demand property access. Despite Redfin’s preparedness, Kelman acknowledged that the jury verdict may very well lead to a revolution in the industry. “If

Agents 476

Agents Technology Housing Market Training 476

Housing Wire

DECEMBER 18, 2024

The 77-hour real estate prelicensing course covers Commercial and Investment Properties, Law of Agency, Legal Issues. Step 4: Sign with a sponsoring real estate brokerage According to New York State law, anyone who plans to practice real estate must work under a sponsoring broker.

Real Estate 397

Real Estate Real Estate Agent Brokerage Agents 397

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. Most brokerages have a place to promote off-market listings internally (ours is a Facebook group exclusively for our agents). Are pocket listings legal and ethical?

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

DECEMBER 26, 2023

Since then, the education provider has helped over one million real estate professionals annually by providing custom education and resources to thousands of brokerages, schools, and other organizations. Choose from 4 hr elective (Court Cases + Reports) & 2 hr legal update & more Virtual: Required 6 hrs of 1st-yr renewal coursework.

Real Estate 448

Real Estate Real Estate Agent Design Legal 448

Housing Wire

NOVEMBER 30, 2023

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Real Estate 459

Real Estate Real Estate Agent Brokerage Agents 459

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. An originator since 1999, Read got his real estate license in 2014 and opened up his real estate brokerage in 2019.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

NOVEMBER 3, 2023

Because the larger brokerage firms, historically, tend to represent more buy side than sell side, they “may be looking at a big loss of revenue,” says Murray. “You must train all of your agents as to how you’re going to get compensated,” said Murray. “He got up to 20% to 30%, as I recall.”

Real Estate 345

Real Estate Brokerage Property Management Buyers 345

Housing Wire

AUGUST 31, 2023

Davis alleges that these fees went to increasing technology fees and the purchase of “unneeded goods and services” from KWRI-owned and affiliated companies, such as MAPS training and coaching.

Contracts 435

Contracts Business Brokerage Training 435

Housing Wire

AUGUST 23, 2024

Sky Michiels In an interview with HousingWire Managing Editor James Kleimann, Michiels shared his thoughts on how buyer broker compensation will evolve, how lower-income buyers will be affected, the legal scenarios for agents, and what new business models may emerge in the coming years. Let’s talk about the brokerage aspect.

Real Estate 432

Real Estate Agents Real Estate Agent Buyers 432

Housing Wire

JANUARY 26, 2024

Like he did in the Sitzer-Burnett trial, Ketchmark referenced brokerage training materials and speeches given by CEOs like Gary Keller of Keller Williams , in which commissions are discussed. If it’s not collusion, then what is it?”

Realtors 468

Realtors Law Agents Real Estate 468