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 389

Real Estate Agent Real Estate Agents Business 389

Housing Wire

DECEMBER 23, 2024

At The Jason Mitchell Group, agents were supposedly trained to suggest transactions could fail if clients shopped around for other mortgage options. This flimsy lawsuit is just the latest in a tidal wave of legal actions by a desperate Chopra hungry for headlines. District Court for the Eastern District of Michigan.

Real Estate 407

Real Estate Brokerage Clients Agents 407

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 492

Real Estate Agents Training Buyers 492

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 351

Real Estate Brokerage Training Agents 351

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.

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Buyers Brokerage Agents Realtors 474

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.

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Brokerage Agents Legal Buyers 376

Housing Wire

OCTOBER 31, 2024

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.

Real Estate 357

Real Estate Brokerage Agents Training 357

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 Law 351

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 Brokerage Agents Buyers 351

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 487

Real Estate Agent Real Estate Law Agents 487

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 328

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 345

Real Estate Tools Agents Real Estate Agent 345

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 348

Contracts Loan Officers Legal Best Value 348

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 352

Business Brokerage Real Estate Agent Real Estate 352

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.

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Law Agents Realtors Contracts 424

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 363

Contracts Brokerage Investing Mortgage 363

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 454

Agents Sellers Realty Buyers 454

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 366

Real Estate Real Estate Agent Agents Brokerage 366

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 249

Real Estate Brokerage Human Resources Agents 249

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 379

Agents Real Estate Brokerage Clients 379

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 317

Retail Finance Realty Technology 317

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 403

Realtors Contracts Real Estate Agents 403

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 420

Contracts Business Brokerage Training 420

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 404

Agents Technology Housing Market Training 404

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 384

Real Estate Real Estate Agent Design Legal 384

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 305

Real Estate Brokerage Property Management Buyers 305

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 426

Realtors Law Agents Real Estate 426

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 416

Real Estate Agent Loan Officers Real Estate Agents 416

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 378

Real Estate Real Estate Agent Brokerage Agents 378

Housing Wire

AUGUST 28, 2024

In the stock brokerage industry in the late ’90s and early 2000s, they used to charge 1.5% The legal side of things — mixed with the NAR settlement, mixed in with what we are actually seeing in the field — it is very interesting. Part of how Modern Realty does this is by training its AI to mimic the top 1% of real estate agents.

Real Estate Agent 442

Real Estate Agent Real Estate Agents Modernization 442

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 236

Real Estate Real Estate Agent Brokerage Agents 236

Housing Wire

OCTOBER 25, 2023

Ketchmark also questioned Blefari about the training video in which Blefari said, as an agent, his commissions started at 6% and went up. “I Blefari said that commissions are always negotiable, and the parent company allows the CEOs of its various firms to operate their companies and franchises as they see fit. I was a successful agent.

Sellers 407

Sellers Realtors Agents Buyers 407

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 321

Real Estate Agents Real Estate Agent Buyers 321

Housing Wire

MARCH 11, 2022

Karayaneva urged real estate agents to get on board and become “crypto certified,” an unofficial designation the company bestows following training and course work. Others were legal and tax questions – if you fractionalize an NFT does it become a security and become subject to the Securities Act of 1933?

Real Estate 325

Real Estate Real Estate Agent Agents Insurance 325

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Ready to find a real estate brokerage? To select the best brokerage for you, here are four things to consider: 1. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]

Real Estate Agent 383

Real Estate Agent Real Estate Agents Brokerage 383

Housing Wire

JANUARY 11, 2024

Check out our in-depth review of the best big brokerages to work with. Complete your state licensing application You’ve passed your real estate licensing exam and chosen a sponsoring brokerage. List your legal name on the application. See Fingerprint Requirements for additional details. What’s next?

Real Estate 353

Real Estate Real Estate Agent Agents Law 353

Lamacchia Realty

OCTOBER 29, 2024

Anthony Lamacchia , Jackie Louh , Massoud Atallah , John Millen , and the leadership team of Lamacchia Realty are thrilled to be expanding in the local market, alongside the Lamacchia Realty Northborough , Worcester , and Auburn offices with this well-respected brokerage. “I I am happy that day is finally here.

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Real Estate Realty Realtors Brokerage 73