Brokerage and Realtors - Property Appraisal Zone

Done deal: MLSs, brokerages get preliminary approval of opt-in settlements

Housing Wire

OCTOBER 2, 2024

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. Through Bough’s approval, the MLSs and brokerages that opted in to NAR’s settlement have been added to the larger case.

Brokerage

Brokerage Realtors Legal Real Estate

San Francisco Realtors partner with AI startup Sidekick

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

Realtors Real Estate Valuation Agents

Which brokerages will thrive in a post-NAR settlement world?

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.

Brokerage

Brokerage Agents Realtors Real Estate

Missouri jury finds NAR, brokerages guilty of conspiring to inflate commissions

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

Brokerage

Brokerage Realtors Sellers Buyers

Incomes are rising for experienced Realtors but falling for younger ones

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

Realtors Inventory Agents Clients

Nearly 80% of brokerages won’t be profitable with lower agent commissions: AccountTECH

Housing Wire

JUNE 25, 2024

If real estate brokerages fail to make changes to their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH.

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Brokerage Agents Realtors Real Estate

Plaintiffs respond to brokerage defendants’ motions to dismiss Batton 2 suit

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.

Brokerage

Brokerage Realtors Real Estate Buyers

Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

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.

Realtors

Realtors Buyers Brokerage Real Estate

If commission rates drop, these real estate brokerages could be in trouble

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

Brokerage Real Estate Agents Realtors

Real Brokerage pulls out the stops to prep for new commission rules

Housing Wire

AUGUST 15, 2024

The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them.

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Brokerage Training Agents Clients

The Real Brokerage adds more teams in May

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.

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Brokerage Real Estate Agents Real Estate Agent

Fathom is the latest brokerage to settle the commission lawsuits

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

eXp Realty adds St. Louis brokerage Delhougne Realty Group

Housing Wire

AUGUST 1, 2024

The company has added independent brokerage Delhougne Realty Group , a St. Joining eXp helps the group mitigate risks related to being independent in a rapidly changing industry environment spurred by the $418 million settlement that the National Association of Realtors agreed to in a class-action antitrust lawsuit filed in Missouri.

Realty

Realty Brokerage Agents Design

Real Brokerage adds 400-agent Urban Nest Realty in Las Vegas

Housing Wire

DECEMBER 19, 2024

As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market. Real announced this week the affiliation of Urban Nest Realty , a Las Vegas -based brokerage.

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Brokerage Realty Agents Real Estate

Will Alabama Realtors’ efforts to change NAR membership lead to anything?

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.

Realtors

Realtors Agents Real Estate Brokerage

Ohio REALTORS and HousingWire announce partnership, providing premium market data to over 3,000 brokers/agents

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

Realtors Agents Marketing Real Estate

Macroeconomics, not business practice changes, will determine brokerages’ financial performance

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.

Brokerage

Brokerage Business Agents Buyers

Leveling up together: Brokerages offer industrywide agent education opportunities

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.

Brokerage

Brokerage Agents Real Estate Real Estate Agent

The best real estate brokerage software for 2024

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

Real Estate Brokerage Contracts Training

Worth Clark’s Ryan Michaelis talks recruitment strategy and brokerage growth

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

Brokerage Property Management Agents Real Estate

Berkshire Hathaway leader talks brokerage growth plans, NAR policy changes

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.

Brokerage

Brokerage Agents Real Estate Training

To write or not to write: Some brokerages draft their own forms while others leave it to state associations

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

Brokerage Realtors Agents Real Estate

Masiello plaintiff, Realty ONE Group seek to dismiss the brokerage from commission lawsuit

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.

Realty

Realty Brokerage Realtors Real Estate

Deal or no deal? What opting in to NAR’s settlement could mean for some of the nation’s largest brokerages

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

HousingWire partners with Columbus Realtors to deliver essential industry news and insights to members

Housing Wire

JANUARY 7, 2025

HousingWire, the leading source for housing market news and information, announced its partnership with Columbus Realtors, the largest city-based Realtor association in Ohio. Columbus Realtors aims to be the leading voice of real estate in central Ohio.

Realtors

Realtors Real Estate Housing Market Clients

As realtors debate rules, AI is preparing to ignore them all

Housing Wire

MARCH 10, 2025

Now, as brokerages experiment with private listing networks (PLNs) and MLS s push back, another fight has emergedwho should control where and how listings are shared. Brokerages hoard exclusive listings to drive traffic to their own sites. MLSs, portals, and brokerages can fight for dominance all they want.

Realtors

Realtors Real Estate Brokerage Agents

California commission suit alleges collusion in the City of Angels

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

Realtors Brokerage Real Estate Realty

8 best website builders for real estate agents, brokers and brokerages

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

Real Estate Agent Real Estate Brokerage Agents

No robots anytime soon: These brokerages don’t think AI will replace agents

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.

Agents

Agents Brokerage Real Estate Agent Real Estate

The Real Brokerage is betting big on AI to fuel organic growth in 2025

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

Brokerage Agents Technology Clients

Florida Realtors’ Tim Weisheyer on using servant leadership to drive success in business

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.

Realtors

Realtors Business Realty Technology

Divya Aathresh on using AI to solve brokerage back office problems

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

Brokerage Training Real Estate Agents

Ryan Serhant talks life after Netflix and brokerages in a post-settlement world

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant and his brokerage SERHANT. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR).

Brokerage

Brokerage Real Estate Agent Agents Real Estate

Ongoing drama prompts leadership resignations at Las Vegas Realtors

Housing Wire

JANUARY 9, 2025

The raucous drama surrounding Las Vegas Realtors (LVR) has claimed two board members. In the post, he claims hes received threats of blackmail and that the environment of toxicity took a major toll on his mental health, physical well-being, the staff at his brokerage and his personal life.

Realtors

Realtors Agents Brokerage Development

Collabra’s Russ Cofano: ‘Sick brokerages’ will cause the real estate industry to suffer

Housing Wire

DECEMBER 2, 2024

In a new episode of the “ Real Estate Insiders Unfiltered Podcast ,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors ‘ (NAR) Clear Cooperation Policy (CCP), among other subjects. The CCP will work itself out.

Real Estate

Real Estate Brokerage Advertising Agents

Agents are freaking out over de-coupled commissions. It’s old hat for this Iowa brokerage owner

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

Brokerage Agents Sellers Buyers

Why Homie shows alternative models matter in real estate

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

Real Estate Brokerage Clients Realtors

REcolorado wants to move past the drama of its sale. Its new participation agreement has reignited controversy

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

Brokerage Real Estate Realtors Agents

Florida-based The Keyes Co. settles the commission lawsuits

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.

Brokerage

Brokerage Realty Realtors Real Estate

Engel & Volkers adds chief growth officer in Atlanta

Housing Wire

JUNE 7, 2024

Engel & Volkers Atlanta , a luxury real estate brokerage, announced Thursday that Christopher Burell is joining the firm as its new chief growth officer. The brokerage includes multiple teams that cover Atlanta , its suburbs and other areas of north Georgia.

Brokerage

Brokerage Real Estate Realtors Design

HomeSmart International settles the commission lawsuits

Housing Wire

JULY 16, 2024

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

Brokerage

Brokerage Realty Realtors Real Estate

Compass settles commission lawsuits for $57.5 million

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Additionally, like the three other brokerage firms that have already settled, Compass has agreed to make changes to its business practices as part of the settlement.

Brokerage

Brokerage Realtors Agents Clients

Real’s roster grows ever larger with addition of 400-agent Amerivest Realty

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.

Realty

Realty Agents Brokerage Tools

Real estate leaders emerge from chaos with confidence

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

Real Estate Brokerage Sellers Agents

Done deal: MLSs, brokerages get preliminary approval of opt-in settlements

San Francisco Realtors partner with AI startup Sidekick

Trending Sources

Which brokerages will thrive in a post-NAR settlement world?

Missouri jury finds NAR, brokerages guilty of conspiring to inflate commissions

Incomes are rising for experienced Realtors but falling for younger ones

Nearly 80% of brokerages won’t be profitable with lower agent commissions: AccountTECH

Plaintiffs respond to brokerage defendants’ motions to dismiss Batton 2 suit

Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

If commission rates drop, these real estate brokerages could be in trouble

Real Brokerage pulls out the stops to prep for new commission rules

The Real Brokerage adds more teams in May

Fathom is the latest brokerage to settle the commission lawsuits

eXp Realty adds St. Louis brokerage Delhougne Realty Group

Real Brokerage adds 400-agent Urban Nest Realty in Las Vegas

Will Alabama Realtors’ efforts to change NAR membership lead to anything?

Ohio REALTORS and HousingWire announce partnership, providing premium market data to over 3,000 brokers/agents

Macroeconomics, not business practice changes, will determine brokerages’ financial performance

Leveling up together: Brokerages offer industrywide agent education opportunities

The best real estate brokerage software for 2024

Worth Clark’s Ryan Michaelis talks recruitment strategy and brokerage growth

Berkshire Hathaway leader talks brokerage growth plans, NAR policy changes

To write or not to write: Some brokerages draft their own forms while others leave it to state associations

Masiello plaintiff, Realty ONE Group seek to dismiss the brokerage from commission lawsuit

Deal or no deal? What opting in to NAR’s settlement could mean for some of the nation’s largest brokerages

HousingWire partners with Columbus Realtors to deliver essential industry news and insights to members

As realtors debate rules, AI is preparing to ignore them all

California commission suit alleges collusion in the City of Angels

8 best website builders for real estate agents, brokers and brokerages

No robots anytime soon: These brokerages don’t think AI will replace agents

The Real Brokerage is betting big on AI to fuel organic growth in 2025

Florida Realtors’ Tim Weisheyer on using servant leadership to drive success in business

Divya Aathresh on using AI to solve brokerage back office problems

Ryan Serhant talks life after Netflix and brokerages in a post-settlement world

Ongoing drama prompts leadership resignations at Las Vegas Realtors

Collabra’s Russ Cofano: ‘Sick brokerages’ will cause the real estate industry to suffer

Agents are freaking out over de-coupled commissions. It’s old hat for this Iowa brokerage owner

Why Homie shows alternative models matter in real estate

REcolorado wants to move past the drama of its sale. Its new participation agreement has reignited controversy

Florida-based The Keyes Co. settles the commission lawsuits

Engel & Volkers adds chief growth officer in Atlanta

HomeSmart International settles the commission lawsuits

Compass settles commission lawsuits for $57.5 million

Real’s roster grows ever larger with addition of 400-agent Amerivest Realty

Real estate leaders emerge from chaos with confidence

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