Housing Wire

APRIL 9, 2024

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears. Kevin Sears, President of National Association of Realtors. “It

Realty 447

Realty Brokerage Real Estate Realtors 447

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. million per agent in 2022 to $2.5

Realtors 394

Realtors Inventory Agents Clients 394

Housing Wire

DECEMBER 8, 2023

While this lawsuit is certainly not the only one making collusion allegations against many of the large national brokerages, it has one of the more robust lists of local brokerages as defendants. This system, with its veiled surcharges, illegally warps the real estate market.”

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Brokerage Realty Real Estate Agent Real Estate 446

Housing Wire

JUNE 6, 2024

The Real Brokerage announced Thursday the addition of several new teams across the U.S. The newly released 2024 RealTrends Verified rankings , based on 2023 data, showed that Real was the sixth-largest brokerage in the country for sides (48,905) and ranked No. The independent brokerage generated a sales volume of $75 million last year.

Brokerage 433

Brokerage Real Estate Agents Real Estate Agent 433

Housing Wire

MAY 6, 2024

AI -powered real estate assistant Sidekick unveiled a partnership with the San Francisco Association of Realtors (SFAR) on Monday. As the AI capital of the world, San Francisco is the ideal place to launch Sidekick to sophisticated Realtors, at just the right time,” Michael Martin, co-founder of Sidekick, said in a statement.

Realtors 384

Realtors Real Estate Valuation Agents 384

Housing Wire

OCTOBER 9, 2024

If commission rates drop significantly as a result of the National Association of Realtors antitrust lawsuit settlement, it’s potentially an existential threat to many brokerages. That’s because many large brokerages still pay for office space and middle management. But which ones and how many?

Brokerage 398

Brokerage Real Estate Agents Realtors 398

Housing Wire

AUGUST 6, 2024

In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to several business practice changes, including a mandate that buyers sign a broker representation agreement prior to going on a home tour with their agent. And as the clock continues to count down to the Aug.

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. However, REcolorado said it objects to the associations selling it to an outside private equity firm. “We

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Realtors Brokerage Clients Business 377

Housing Wire

SEPTEMBER 3, 2024

17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I The webpage is open to agents across the industry regardless of their brokerage affiliation.

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Brokerage Agents Real Estate Real Estate Agent 433

Housing Wire

DECEMBER 4, 2024

While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year.

Brokerage 384

Brokerage Agents Technology Clients 384

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 Similarly, The Real Brokerage settled with the Umpa plaintiffs in early April, prior to the consolidation. The Gibson defendants that now have final approval of their settlements are Compass ($57.5

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Brokerage Real Estate Realtors Realty 364

Housing Wire

SEPTEMBER 25, 2024

The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.) If we fail to act, we may lose these members forever.

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Realtors Agents Real Estate Brokerage 392

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. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.” 17, 2020, and the present.

Realtors 490

Realtors Brokerage Real Estate Realty 490

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 379

Brokerage Property Management Agents Real Estate 379

Housing Wire

DECEMBER 6, 2024

The Masiello copycat commission lawsuit plaintiff and Realty ONE Group Arizona have filed a joint motion to dismiss the brokerage defendant from the suit with prejudice. The motion was filed on Thursday in U.S. District Court in Phoenix. and Tierra Antigua Realty.

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Realty Brokerage Realtors Real Estate 312

Housing Wire

AUGUST 7, 2024

The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” which was filed in the Batton 1 suit that consists of the same plaintiffs but a different group of brokerage defendants.

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Brokerage Realtors Real Estate Buyers 347

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 360

Housing Wire

AUGUST 2, 2024

For real estate professionals, the business practice changes outlined in the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement —which are set to go into effect on Aug. “Some brokerages will come out with different pricing models, and I think as that filters through we’ll see some effects.

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Brokerage Business Agents Buyers 379

Housing Wire

AUGUST 25, 2024

With technology changing faster than new agents answer phone calls, choosing the right real estate brokerage software can sometimes feel like a full-time job. Here’s why: Good software might help your brokerage stay afloat in a post-lawsuit market. The looming chaos from the commission lawsuits sure isn’t helping.

Real Estate 371

Real Estate Brokerage Contracts Training 371

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

Brokerage 430

Brokerage Real Estate Realtors Legal 430

Appraisal Buzz

JUNE 28, 2024

We have yet to find out the full extent of the court-ordered National Association of Realtors (NAR) settlement back in March on the topic of commissions in which the NAR is expected to pay $418 million over a four-year period in damages and will change numerous rules that housing experts believe will lower house costs going forward.

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Brokerage Real Estate Agents Real Estate Agent 354

Housing Wire

OCTOBER 23, 2024

Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. This partnership underscores Ohio REALTORS ‘ commitment to supporting its members through education and professional development.

Realtors 359

Realtors Agents Marketing Real Estate 359

Housing Wire

SEPTEMBER 11, 2024

Velt starts the conversation by asking Carrion for background on his purchase of the brokerage. Velt asks a key question on the business practice changes resulting from the commission lawsuit settlement by the National Association of Realtors (NAR) and how they may impact the company in the future. Following the Aug.

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Brokerage Agents Real Estate Realtors 400

Housing Wire

JANUARY 26, 2024

“I was sitting on my couch and I saw Michael on CNBC calling us a cartel, saying that we take money that doesn’t belong to us, and I was infuriated at that rhetoric and I was infuriated at what that infers about Realtors,” Lamacchia said. “It It dehumanizes Realtors and turns us into money-making machines.”

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Realtors Law Agents Real Estate 438

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 26, 2024.

Brokerage 393

Brokerage Realty Sellers Real Estate 393

Housing Wire

OCTOBER 18, 2024

But while many of the industry’s major players — including the National Association of Realtors (NAR), RE/MAX, Compass, Anywhere , HomeServices of America , Keller Williams , Redfin , and eXp have settled the commission lawsuits , family-owned firm Howard Hanna Real Estate Services decided to take a different tack.

Brokerage 352

Brokerage Real Estate Law Realtors 352

Housing Wire

JANUARY 9, 2024

Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS. 5, 2020, and the present.

Realty 485

Realty Realtors Real Estate Real Estate Agent 485

Housing Wire

JULY 24, 2024

” Chris Cox , chief technology and digital officer at Keller Williams , said the brokerage’s mantra is to put “data that we have to work to make our agents more successful.” Supporting real estate agents in becoming more productive is even more relevant in the context of changes to the commission structure.

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Agents Brokerage Real Estate Agent Real Estate 398

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. Voss founded the Iowa-based 3% Listing Co.

Brokerage 430

Brokerage Agents Sellers Buyers 430

Housing Wire

DECEMBER 5, 2024

Processing is a big piece of what brokerages care about, so we have a copilot that we’re getting feedback on and plan to have six or seven copilots that will launch next year. We’ve trained our AI models to be extremely specific to help agents, brokerages and end customers as well. SW: Tell me more about your background.

Brokerage 281

Brokerage Training Real Estate Agents 281

Housing Wire

SEPTEMBER 10, 2024

We looked at pricing, design quality, ease of use, lead generation features, and then combed online reviews to get feedback from other working Realtors. With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages.

Real Estate Agent 365

Real Estate Agent Real Estate Brokerage Agents 365

Housing Wire

JUNE 4, 2024

The recent announcement of Homie’s decision to strip its brokerage services and end employment for its real estate agents has once again brought the discussion of alternative models in real estate to the forefront. Many limited service brokerages have faced similar hurdles in their quest to disrupt the status quo.

Real Estate 450

Real Estate Brokerage Clients Realtors 450

Housing Wire

DECEMBER 17, 2024

In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Tim Weisheyer, Florida Realtors ‘ 2025 president. But I also equally know the things that I am good at, like leading in areas of community service whether it’s been in the Realtor association or a two-term chairman of the school board.

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Realtors Business Realty Technology 276

Housing Wire

OCTOBER 15, 2024

(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. As Sharran Srivatsaa , the president of The Real Brokerage , sees it, there are two primary agent camps right now.

Real Estate 445

Real Estate Brokerage Sellers Agents 445

Housing Wire

OCTOBER 7, 2024

And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It But with REcolorado’s sale to Burks, the MLS is no longer owned by a Realtor association and thus isn’t subject to NAR rules. The brokerage added that it has concerns over provisions tied to ownership of the data.

Brokerage 443

Brokerage Real Estate Realtors Agents 443

Housing Wire

NOVEMBER 4, 2024

The Real Brokerage ‘s expansion trend has continued with another major acquisition. The digital brokerage platform announced on Monday the addition of Amerivest Realty , a Florida-based brokerage, adding 400 agents across Florida , Colorado , Minnesota and Wisconsin to Real’s platform.

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Realty Agents Brokerage Tools 379

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

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Realty Realtors Brokerage Real Estate 446