Housing Wire

MARCH 26, 2025

Despite the headlines , Phillip Cantrell, the founder of Benchmark Realty, characterized the move as a nothing burger. We have been vocal in our position on Clear Cooperation, advocating for reform that balances buyer visibility and seller choice, an Anywhere spokesperson wrote in an email. It is just classic NAR propaganda.

Sellers 369

Sellers Real Estate Agents Brokerage 369

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. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

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Realtors Buyers Real Estate Brokerage 482

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

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Buyers Brokerage Agents Sellers 459

Housing Wire

MARCH 19, 2025

On the other side of the debate is eXp Realty CEO Leo Pareja , who told investors and analysts listening to his firms Q4 2024 earnings call that those who dont abide by CCP are inviting a class-action lawsuit by sellers who get hurt in this very concentrated effort and maybe a visit from the DOJ. And I consider it to be misleading.

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Realtors Legal Sellers Law 243

Housing Wire

JUNE 25, 2024

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” The eXp contract is written with the buyer in mind. This requirement goes into effect Aug.

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Realtors Buyers Contracts Realty 418

Housing Wire

OCTOBER 15, 2024

It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com. Homie filed the suit in mid-August.

Brokerage 434

Brokerage Sellers Realty Realtors 434

Housing Wire

APRIL 1, 2025

Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings. Instead, she allegedly submitted an offer for a competing buyer without disclosing this to him. On a call that day, Featherston admitted to plaintiff she lied and had it under contract herself with another buyer.

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Agents Realty Advertising Contracts 269

Housing Wire

NOVEMBER 3, 2023

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million to $14.90 million to $14.90

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Buyers Realty Real Estate Realtors 435

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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Sellers Buyers Agents Law 448

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged.

Buyers 448

Buyers Real Estate Realtors Agents 448

Housing Wire

AUGUST 28, 2024

However, things have changed now and buyers have to have a separate buyer agreement. And if those fees can’t be negotiated into the transaction, the buyer is going to have to come out to pocket now in order to have a human Realtor represent them.” reAlpha is just one of the many AI agent platforms that have sprung up recently.

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Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

NOVEMBER 22, 2024

Hardy is the owner of Snyder Kinney Bennett and Keating LLC , which does business in southeast Michigan as Signature Sotheby’s International Realty. The three plaintiffs are real estate professionals.

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Realtors Real Estate Real Estate Agent Agents 370

Housing Wire

JANUARY 30, 2025

On Monday, several high profile real estate firms such as Berkshire Hathaway Energy (BHE) the parent company of HomeServices of America Windermere Real Estate , Hanna Holdings , EXIT Realty , William Raveis , Crye-Leike and William L. Lyon & Associates each filed responses to claims made in the Gibson commission lawsuit.

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Real Estate Real Estate Agent Brokerage Law 322

Housing Wire

JANUARY 18, 2024

The brokerage defendants include The Agency ; Compass ; eXp World Holdings and its local branches eXp Realty of California , Southern California , Great Los Angeles and Northern California ; Berkshire Hathaway and its affiliates; First Team Real Estate Orange County ; Rodeo Realty ; and Pinnacle Estate Properties.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

JANUARY 2, 2024

Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions. 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.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” 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.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

DECEMBER 6, 2023

In a raw demonstration of market power, the Florida Realtor MLSs overturn the natural order of a rational price system where home sellers and home buyers each separately bargain and pay for the services provided to each of them,” the complaint alleges. 4, 2019 and the present. These allegations are absurd.

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Realty Realtors Brokerage Real Estate 459

Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 459

Brokerage Realty Real Estate Agent Real Estate 459

Housing Wire

APRIL 26, 2024

“This resolution allows us to concentrate on our primary goal: delivering unparalleled value in the real estate market and serving home buyers and sellers with the highest standards of service.” The DOJ may also file charges separately to prevent any display of buyer agent commissions on any platform. billion in damages.

Brokerage 488

Brokerage Agents Real Estate Buyers 488

Housing Wire

SEPTEMBER 17, 2024

“Everyone is adapting and coming up with business models and trying to settle in, and I think we are going to know a lot more about how this is going to really work a year from now,” said Matt Johnson, NHAR’s legal counsel. “So, So, for now, I would caution patience.”

Agents 448

Agents Sellers Buyers Realtors 448

Housing Wire

JANUARY 26, 2024

What remains unchanged is the central focus of the lawsuit — NAR’s Participation Rule which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on an MLS. “The But all of that changed on Thursday, when Whaley’s counsel filed an amended complaint naming 15 brokerages as defendants.

Brokerage 459

Brokerage Realty Realtors Sellers 459

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

Brokerage 433

Brokerage Realty Real Estate Real Estate Agent 433

Housing Wire

NOVEMBER 1, 2023

Can we ask if the buyer is represented now? Can we even discuss things about the house because if we inform the potential buyer of something about the house that makes them not want the house, even if it isn’t something necessarily bad, are we going against our agreement with our seller?” I do believe they will.

Open Houses 497

Open Houses Brokerage Agents Realtors 497

Housing Wire

AUGUST 21, 2024

For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. 17 listings say that some sellers have been confused as to why the buyer was asking for concessions or help in covering their agent’s fee.

Sellers 482

Sellers Agents Real Estate Buyers 482

Housing Wire

AUGUST 6, 2024

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different. Side , another firm with a national footprint, has also chosen to create its own buyer representation agreement. “I

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

Agents 435

Agents Brokerage Real Estate Tenants 435

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

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Law Agents Brokerage Buyers 435

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? Because not all agents are competent or honest or professional.

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Clients Agents Buyers Sellers 482

Housing Wire

JANUARY 8, 2024

We are currently evaluating the substance of the motion and the best manner for HomeServices to continue to protect those we represent and defend our position in the appropriate legal forums,” the statement continued.

Real Estate 455

Real Estate Realty Real Estate Agent Legal 455

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Cooperative compensation is still legal,” Papasan stressed. Don’t panic.

Agents 468

Agents Advertising Real Estate Sellers 468

Housing Wire

DECEMBER 15, 2023

The suit also names a handful of local multiple listing services (MLSs), including Austin/Central Texas Realty Information Service, Central Texas Multiple Listing Service, Housing Realtors Information Service, and North Texas Real Estate Information Systems.

Real Estate 493

Real Estate Realtors Realty Real Estate Agent 493

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit. 8, 2019, and the present. 8, 2019, and the present.

Brokerage 475

Brokerage Realtors Realty Real Estate 475

Housing Wire

NOVEMBER 14, 2023

While the lawsuit does name large corporate brokerage firms as defendants, including Keller Williams , Side , HomeServices of America , and Fathom Realty , the robust defendant list also includes real estate teams, such as The Loken Group and Hexagon Group , as well as an individual broker, Mark Anthony Dimas. 13, 2019, to the present.

Real Estate 435

Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I More off-MLS listings?

Brokerage 448

Brokerage Real Estate Agents Sellers 448