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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. PRO TIP You may see the terms “real estate agent” and “Realtor” used interchangeably. While a Realtor is indeed an agent, the term doesn’t work both ways.

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Are the legal risks of private listing networks real?

Housing Wire

The debate surrounding the National Association of Realtors (NAR) Clear Cooperation Policy is raging on. Brokers you better be training your people correctly, so you don’t get a negligence or misinformation claim, Dwiggins wrote in another post. Jerrold Bregman, a partner at BG Law , shares a similar view.

Legal 386
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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit.

Legal 395
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Real estate license reciprocity and portability: A complete guide to where you can practice

Housing Wire

You’re probably aware that each state has its own real estate license requirements, unique laws and regulations around real estate licensure. Physical Location: A state with a physical location real estate license portability law allows agents to represent clients in out-of-state purchases or sales. Alaska Reciprocity: None.

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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In her testimony, she noted that training modules receive very few views.

Law 459
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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

“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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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

She said that HomeServices does not meddle in operations, give advice, or advise on commissions or how the brokerage approaches Realtor association membership. Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training.

Law 435