Housing Wire

MARCH 19, 2025

In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS.

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Realtors Legal Sellers Law 209

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.

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Brokerage Sellers Realty Realtors 433

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. Led by Mike DelRose Sr., Mike DelRose Jr. said in a statement. “The DelRose Sr.

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Realty Brokerage Real Estate Clients 459

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Agents Inspection Real Estate Sellers 435

Housing Wire

FEBRUARY 24, 2025

Sothebys International Realty recently released its 2024 performance report. as reported by the National Association of Realtors (NAR). Philip White , president and CEO of Sothebys International Realty, attributed the brands success to a simple truth. sales volume increased 9.4% year over year.

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Housing Market Marketing Realty Real Estate 334

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

JANUARY 27, 2025

The founders also cited the National Association of Realtors ‘ antitrust lawsuits as a key motivator behind Indigo’s launch. Indigo is a search platform that allows buyers to bid on agent-approved listings. The Home Checkout feature validates buyer offers before the transaction continues.

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Real Estate Real Estate Agent Agents Brokerage 367

Housing Wire

MARCH 26, 2025

Despite the headlines , Phillip Cantrell, the founder of Benchmark Realty, characterized the move as a nothing burger. Utah-based Park City Board of Realtors most notably made this decision last October , when it announced that it would no longer be enforcing the rule. It is just classic NAR propaganda.

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Sellers Real Estate Agents Brokerage 360

Housing Wire

DECEMBER 10, 2024

Realty ONE Group is letting agents decide if they want to renew their National Association of Realtors (NAR) membership. Starting on the first of the year, Realty ONE agents in Arizona can choose to keep their NAR membership or join Realty ONE Group AZ , a newly established subsidiary of Realty ONE Group, Inc.

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Realty Agents Brokerage Realtors 370

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, per the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement. It needs to be seller directed,” Srivatsaa said of offers of buyer broker compensation.

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Sellers Buyers Agents Advertising 468

Housing Wire

JULY 31, 2024

real estate landscape over the next several months due to the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , eXp World Holdings — the parent company of eXp Realty — is focused on improving the firm’s agent value proposition. ” Ahead of the Aug.

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Realty Agents Brokerage Real Estate 446

Housing Wire

MARCH 3, 2025

The debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy is raging on. In a 2023 consumer survey , Zillow found that 91% of buyers believe they should be able to see all of their housing options for free and without barriers in a single location. Pareja isnt the only executive who feels this way.

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Legal Sellers Realtors Agents 348

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 (down from $4.4 million in Q3 2022).

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Buyers Realty Real Estate Realtors 435

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. The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. 17, 2020, and the present.

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Realtors Brokerage Real Estate Realty 533

Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers. Department of Veterans Affairs (VA) would be disadvantaged.

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Buyers Real Estate Realtors Agents 448

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

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Buyers Contracts Real Estate Agents 497

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present. 16, 2020, and the present.

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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.

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Realty Realtors Real Estate Real Estate Agent 488

Appraisal Buzz

NOVEMBER 27, 2024

District Court for the Western District of Missouri has granted final approval of the National Association of Realtors (NAR) proposed settlement agreement to resolve class action claims related to broker commissions. The Court heard from all parties, as well as objectors and the Department of Justice (DOJ).

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Realtors Brokerage Real Estate Real Estate Agent 243

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

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Buyers Inventory Landlords Real Estate 448

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. There is nothing to show.”

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Housing Market Buyers Agents Marketing 468

Housing Wire

APRIL 25, 2024

I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We Buyers are really struggling.” Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors. We couldn’t even see it.

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Buyers Marketing Inventory Investors 459

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 459

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

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Sellers Buyers Agents Law 448

Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. It dehumanizes Realtors and turns us into money-making machines.”

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Realtors Law Agents Real Estate 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.

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Real Estate Realtors Realty Real Estate Agent 493

Housing Wire

JANUARY 26, 2024

When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits.

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Brokerage Realty Realtors Sellers 459

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

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Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

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Inventory Buyers Agents Inspection 433

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

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Real Estate Agent Real Estate Agents Realtors 546

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.

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Brokerage Realtors Realty Real Estate 473

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. “As

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Brokerage Realty Real Estate Agent Real Estate 459

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. . 15, 2020, and the present.

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Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

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Realtors Real Estate Sellers Agents 448

Housing Wire

JANUARY 5, 2024

26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia , CEO of Lamacchia Realty and an outspoken advocate for Realtors, to discuss the arguments and the outcome of the trial. Register here.

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Real Estate Realtors Realty Buyers 476

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.

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Real Estate Realtors Realty Real Estate Agent 435

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.

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Brokerage Realty Real Estate Real Estate Agent 430