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

Housing Wire

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a real estate broker vs. an agent? Summary What is a real estate agent?

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NAR to vote on Clear Cooperation Policy as legal threat looms

Housing Wire

The National Association of Realtors (NAR) is poised to decide the fate of its controversial Clear Cooperation Policy (CCP) in the coming weeks. And the decision comes under the shadow of a potential legal challenge. At the end of October, several of the defendants saw their settlements receive final approval. What’s next?

Legal 362
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Compass tells MLSs to change CCP or face legal exposure

Housing Wire

Compass and its CEO, Robert Reffkin, have not been shy when it comes to voicing their displeasure over the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Ketchmark also said that anyone who is involved in upholding CCP will be subject to legal exposure. NAR is expected to vote on CCP in the coming weeks.

Legal 312
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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. Mindful approach needed Much of the legal concerns expressed by Pareja and Dwiggins lies in how the option to list a property off the MLS is presented to sellers. Restraint on trade?

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 teams get most deals from their ‘sphere of influence’

Housing Wire

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. Legally speaking, most teams are either an LLC (38.9%) or an S-Corp (34.6%), while 15.7% are not a legal entity.

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NAR steps up the battle against Phoenix Realtors

Housing Wire

The National Association of Realtors (NAR) has taken things a step further in its battle with Phoenix Realtors (PAR)over the local trade groups MLS Choice program. At the time, NAR told HousingWire that its actions were necessary to support and defend the Realtor trademark.

Realtors 397