Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. The recent multi-billion-dollar lawsuit outcome is both a complete game changer, yet changes nothing at all.

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Real Estate Agent Real Estate Agents Sellers 353

Appraisal Buzz

FEBRUARY 4, 2025

First-time consumers look most often (35%) to their real estate agent to protect them from wire fraud, while experienced consumers look most often to their title company or attorney. Consumerscannot rely on a homebuyer or seller coming across a news story or report regarding real estate fraud.

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Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing.

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Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

SEPTEMBER 5, 2024

These anti-discrimination statutes make it illegal to refuse to rent, sell or lease housing because of a lawful source of income being provided. An accessible checklist on the FHA website would give home sellers, buyers, housing counselors, real estate agents and others a reliable source of information, according to the report.

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Housing Wire

MARCH 21, 2022

To purchase land and split it up, a developer needs to get their subdivision plans, one or more lawyers to work with local laws and zoning, and people who can help with construction to help them with the process. RESPA does not typically include loans backed by real estate used for business or agricultural purposes.

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Housing Wire

JANUARY 30, 2025

Filed mere hours after a Missouri jury found real estate industry players liable for colluding to artificially inflate real estate agent commissions, the Gibson suit largely mirrors the claims made in the original commission lawsuits, including Sitzer/Burnett and Moehrl. 31, 2019, and the present.

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Housing Wire

AUGUST 1, 2024

Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS. They will also have to obtain a signed buyer representation agreement prior to a buyer’s first home tour. Like the athletes in Paris, Realtors and brokers across the U.S.

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Real Estate Agent Real Estate Agents Business 448

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. 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.

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Housing Wire

AUGUST 1, 2024

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. However, the firm says this does not mean it is unwilling to work with buyer’s brokers. But it will be their sellers who make the decision on an offer of compensation to a buyer broker.

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Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Housing Wire

MARCH 28, 2025

has agreed to pay $150,000 to the California Department of Insurance (CDI) to settle allegations that two of its employees violated state law that prohibits conflicts of interest in real estate transactions.

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Real Estate Agent Insurance Real Estate Law 322

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? billion in Missouri alone.

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Housing Wire

SEPTEMBER 18, 2024

Real estate referral fees are also a fantastic way for experienced and busy agents to get a nice paycheck without doing much work. According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. What is a real estate referral fee?

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Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. NAR also sent a letter to the U.S.

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Real Estate Agent Sellers Buyers Real Estate 476

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

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Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

AUGUST 22, 2024

Filed in Florida in late April, the Lutz suit accuses HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. The two brokerage defendants in the suit filed a motion to dismiss on Monday.

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Law Real Estate Agent Real Estate Brokerage 434

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 418

Housing Wire

JANUARY 22, 2025

Newhart allegedly attempted to disguise the kickbacks as stock sales and cash to referring real estate professionals. The buyers were unaware of the scheme. The complaint states that the total value of the kickbacks was at least $500,000 and potentially amounted to close to or more than a million dollars.

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Real Estate Agent Mortgage Real Estate Brokerage 397

Housing Wire

FEBRUARY 28, 2025

My first inclination was to go to my father-in-law’s house because he lived closer to Malibu, and I thought we’d just bring him to our house. One thing I’m starting to see with buyers is that I think that there will be a boom south of Sunset, which is away from the hills.

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Realtors Design Agents Development 365

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

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Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. A copycat commission lawsuit has been filed in Los Angeles. It was filed on Wednesday in U.S. 17, 2020, and the present.

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Realtors Brokerage Real Estate Realty 533

Housing Wire

JUNE 11, 2024

According to the reply brief, MLS PIN believes that the DOJ’s core position is that “no settlement should be approved unless it affirmatively prohibits home sellers from offering compensation to buyer-side brokers — no matter whether the offer occurs on the MLS or off it (for example, on a broker’s website).” District Court in Boston.

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Housing Wire

OCTOBER 9, 2023

In February 2023, law firm McGuireWoods released a white paper claiming that the joint venture business model between title insurance firms and real estate brokerages “drives up costs, stifles competition” and violates the 1974 Real Estate Settlement Procedures Act (RESPA) and the 2010 Consumer Financial Protection Act (CFPA).

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Real Estate Insurance Real Estate Agent Brokerage 468

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. The filing also warns of obstacles the company might face in employing agents.

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Agents Real Estate Agent Real Estate Sellers 435

Housing Wire

MAY 1, 2024

district court in Florida, accusing HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” “

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Sellers Real Estate Agent Realtors Real Estate 468

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

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Real Estate Brokerage Sellers Law 448

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.

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Realtors Sellers Real Estate Buyers 476

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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Real Estate Insurance Law Real Estate Agent 435

Appraisal Buzz

JUNE 17, 2024

The traditional 3% buyer agent commission is now under scrutiny, and this change could reshape the real estate landscape. Reassessing Value For real estate agents, this settlement presents a critical juncture to reassess the value they bring to the marketplace.

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Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. The National Association of Realtors will respond to this complaint in court.”

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Sellers Brokerage Real Estate Realtors 448

Housing Wire

NOVEMBER 8, 2023

Like the Sitzer/Burnett, Moehrl and Nosalek lawsuits, the Gibson suit accuses the defendants of conspiring to inflate real estate agent commissions in violation of the Sherman Antitrust Act. Redfin was likely named because its salaried agents offer standard commission rates to buyer brokers.

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Real Estate Sellers Real Estate Agent Realtors 459

Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We We will always comply with the law.” said Marx Sterbcow of Sterbcow Law Group. NAR settled the case for $418 million, and all MLSs owned by Realtor associations can no longer have a field on their platforms for buyer agent compensation offers.

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Housing Wire

AUGUST 1, 2023

Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children? of respondents said privacy concerns are common,” the report said.

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Real Estate Agent Buyers Law Real Estate 369

Housing Wire

MAY 6, 2024

Title agents historically have felt like they played second fiddle to other players in the buying and selling of real estate. Regulators were suddenly curious about what exactly the industry contributed to a real estate transaction. This is how they make that happen.

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Real Estate Agent Real Estate Project Management Agents 442

Housing Wire

NOVEMBER 9, 2023

Unlike Murray, Marx Sterbcow, the managing attorney at Sterbcow Law Group, believes that the settlement agreements will be approved, but he supports Murray’s assertion that the DOJ will step in. In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency.

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Housing Wire

AUGUST 12, 2024

In the suit, the plaintiffs allege that the “compulsory membership in these associations” is a violation of antitrust laws, as well as an example of “economic coercion, unfair restraint on trade and conspiracy.”

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Real Estate Realtors Agents Real Estate Agent 501