Housing Wire

NOVEMBER 1, 2024

To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do? Let’s dive in!

Real Estate 447

Real Estate Real Estate Agent Agents Brokerage 447

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.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

JULY 23, 2021

How, if at all, does it practically affect agents? Mathew Blake: This is not an obscure, legal matter. The DOJ repeatedly said in withdrawing from its consent decree with the Realtor’s trade group that it is looking at commissions. Many scholars and antitrust lawyers, but not many agents, say U.S. Already a member?

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

AUGUST 1, 2024

It is fitting that the 2024 Summer Olympics in Paris are the backdrop for the final two weeks leading up to when the real estate industry will undergo its largest structural change in decades — a feat of near-Olympic proportions. Like the athletes in Paris, Realtors and brokers across the U.S.

Real Estate Agent 436

Real Estate Agent Real Estate Agents Business 436

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. 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.”

Legal 480

Legal Realtors Agents Law 480

Cleveland Appraisal Blog

APRIL 26, 2023

If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself.

Realtors 271

Realtors Buyers Real Estate Agent Appraisal 271

Housing Wire

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. “I’m hoping it can be the dominant organization nationwide.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Legal 476

Housing Wire

JANUARY 26, 2024

“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.”

Realtors 463

Realtors Law Agents Real Estate 463

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 468

Real Estate Agent Loan Officers Real Estate Agents 468

Housing Wire

SEPTEMBER 5, 2024

Department of Housing and Urban Development ( HUD), state attorneys general and fair housing organizations to start applying this legal framework to homebuyers FHA loans accounted for 15.6% of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD. ”

Buyers 434

Buyers Real Estate Agent Inspection Real Estate 434

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

JULY 2, 2024

While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement , that is clearly not the case.

Legal 443

Legal Real Estate Realtors Sellers 443

Housing Wire

AUGUST 12, 2024

There are just five days to go until the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , but the trade association is not out of the lawsuit woods just yet. In a lawsuit filed on Monday by Douglas Hardy, Glenn Champion and Dylan Tent in U.S.

Real Estate 501

Real Estate Realtors Agents Real Estate Agent 501

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions.

Agents 428

Agents Legal Real Estate Agent Buyers 428

Housing Wire

OCTOBER 7, 2024

9, to sign the agreement, agents are scrambling to find out what the agreement means for them. And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It Broker ownership of listings data has been a given in the real estate industry since MLSs migrated to the internet in the 1990s.

Brokerage 470

Brokerage Real Estate Realtors Agents 470

Housing Wire

SEPTEMBER 17, 2024

The National Association of Realtors (NAR) partnered with Curbio earlier this year for its NAR Realtor Benefits program, which provides discounts to Realtors on a wide variety of goods and services. Customers who believe they were wronged ultimately blamed their real estate agent for introducing them to Curbio.

Renovations 387

Renovations Realtors Real Estate Agent Contracts 387

Housing Wire

OCTOBER 17, 2024

Originally filed in November 2023, nearly a month after the jury verdict in the Sitzer/Burnett suit, the Phillips case accuses real estate industry players of colluding to artificially inflate real estate agent commissions.

Real Estate 424

Real Estate Realty Real Estate Agent Brokerage 424

Housing Wire

NOVEMBER 9, 2023

In mid-October amidst ongoing controversy, the National Association of Realtors (NAR) announced it has changed its commission rule , also known as its Participation Rule. It now allows listing brokers to offer buyer brokers $0 in compensation when listing a home in any of the 500 Realtor-affiliated MLS s across the U.S.

Real Estate Agent 423

Real Estate Agent Real Estate Agents Realtors 423

Housing Wire

OCTOBER 7, 2024

It also releases all eXp “subsidiaries and affiliates, and their independent contractor real estate agents in the United States from the Claims.” The firm notes that the settlement is not an admission of liability, nor does it validate any of the claims made in the commission lawsuits.

Realty 425

Realty Brokerage Real Estate Agent Real Estate 425

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. But there is a risk that offers of compensation could disappear.

Sellers 421

Sellers Real Estate Buyers Legal Fees 421

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. For his part, David Kissinger, the CEO of Glendale Realtors, stated that the suit is “meritless.”

Realtors 522

Realtors Brokerage Real Estate Realty 522

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.

Agents 414

Agents Real Estate Agent Brokerage Realty 414

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

Real Estate 451

Real Estate Realtors Realty Brokerage 451

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. Solicitor General Paul Clement to its legal team. “I

Legal 413

Legal Real Estate Real Estate Agent Law 413

Housing Wire

JULY 18, 2024

.” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Investors can partner with a real estate agent , mortgage broker or turnkey provider to locate a property of their choice. .

Finance 383

Finance Real Estate Investors Legal 383

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. The suit was filed on Monday in U.S.

Realtors 465

Realtors Real Estate Real Estate Agent Sellers 465

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. In a copycat suit filed last Friday in U.S. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.”

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR).

Realtors 442

Realtors Contracts Real Estate Agents 442

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions.

Real Estate 493

Real Estate Realtors Realty Real Estate Agent 493

Appraisal Buzz

JUNE 17, 2024

The recent settlement by the National Association of Realtors (NAR) has sent ripples through the real estate industry, leaving many agents reeling. Understanding the Settlement The lawsuit that prompted this settlement was initiated by seller who felt they were unfairly treated in the real estate commission process.

Appraisal 370

Appraisal Real Estate Agent Valuation Real Estate 370

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. JND Legal Administration is in charge of distributing the mailers, emails and press releases. It is further exasperating the negative stereotype some people have of Realtors.

Agents 445

Agents Legal Realtors Clients 445

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. This system, with its veiled surcharges, illegally warps the real estate market.”

Brokerage 458

Brokerage Realty Real Estate Agent Real Estate 458

Housing Wire

OCTOBER 24, 2024

One constant has been questions over agent commissions , which were at the center of the legal battle. Many in the real estate industry expect commissions to trend down due to the business practice changes outlined in the National Association of Realtors’ (NAR) settlement agreement.

Agents 446

Agents Real Estate Sellers Brokerage 446

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. 2 in the U.S.

Real Estate 459

Real Estate Realtors Sellers Agents 459

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.”

Sellers 438

Sellers Brokerage Real Estate Realtors 438

Housing Wire

JULY 26, 2024

However, it might save both parties money on Realtor fees. Assemble a team of professionals You might think that if you and your family member have already agreed on the major selling points, a real estate agent is unnecessary to complete the transaction. Closing costs are typically 3% to 6% of the purchase price.

Market Value 435

Market Value Real Estate Agent Real Estate Finance 435

Housing Wire

JUNE 21, 2024

West Penn MLS filed its motion to stay the case on Wednesday , noting that it has opted into the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR). West Penn MLS did not return a request for comment.

Real Estate Agent 393

Real Estate Agent Realtors Real Estate Agents 393