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.

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Real Estate Realtors Realty Real Estate Agent 493

Housing Wire

JANUARY 8, 2025

The lawsuits taking aim at the National Association of Realtors (NAR) three-way membership agreement continue to pile up. Preston Moore, a former president of the Pennsylvania Association of Realtors (PAR) and an agent with Howard Hanna Real Estate Services , filed his antitrust suit in late November in U.S.

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Realtors Real Estate Legal Contracts 397

Housing Wire

JULY 12, 2024

The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.

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Realtors Legal Agents Law 476

Housing Wire

OCTOBER 11, 2024

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct.

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Realtors Legal Agents Real Estate 448

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. Given ongoing legal proceedings and confidentiality agreements between parties, we cannot comment further at this time.”

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Real Estate Buyers Legal Realtors 448

Housing Wire

MARCH 4, 2024

The legendary billionaire CEO of Berkshire Hathaway , Warren Buffett , has found himself at the center of one of the nation’s largest real estate commission lawsuits. Buffett’s firm Berkshire Hathaway owns 92% of Berkshire Hathaway Energy Company and real estate firm HomeServices of America is a subsidiary of the company.

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Real Estate Realtors Agents Legal 475

Housing Wire

SEPTEMBER 19, 2024

The Alabama Association of Realtors (AAR) is asking the National Association of Realtors (NAR) to provide greater flexibility by allowing members to decide which levels of Realtor associations they would like to join. Currently, licensed Realtors in Alabama must join their local, state and national Realtor associations.

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Realtors Legal Development Real Estate 476

Housing Wire

AUGUST 9, 2024

In a recent episode of the Real Estate Insiders Unfiltered Podcast, the hosts dive into commission sharing practices for agents, the associated risks and the alternatives ahead of the National Association of Realtors ‘ (NAR) business practice changes that are set to take effect on Aug 17.

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Real Estate Advertising Legal Agents 448

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.

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Real Estate Realtors Agents Real Estate Agent 501

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.

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Sellers Real Estate Buyers Legal Fees 459

Housing Wire

DECEMBER 27, 2024

Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how real estate teams work for you to decide whether its the right career move for you. How do real estate teams work?

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Real Estate Tools Agents Real Estate Agent 418

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Defendants in the lawsuit, which was filed in U.S.

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Realtors Buyers Brokerage Real Estate 482

Housing Wire

OCTOBER 11, 2024

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.

Real Estate 448

Real Estate Brokerage Legal Agents 448

Housing Wire

SEPTEMBER 23, 2024

In the real estate industry, referral fees have become a golden goose that stifles innovation, inflates the value chain, and ultimately harms both consumers and agents. The referral fee conundrum Referral fees are a familiar practice in real estate. Despite their prevalence, the current system is ripe for reexamination.

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Real Estate Agents Clients Advertising 491

Housing Wire

MAY 6, 2024

“There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,” Abel said. “So, I know how long they work on things sometimes that don’t materialize.”

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Real Estate Agent Real Estate Agents Realtors 505

Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). These practices disproportionately affect minority professionals and have resulted in inequitable enforcement of rules and exclusion from fair competition in the real estate industry,” the complaint states.

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Realtors Legal Real Estate Law 448

Housing Wire

OCTOBER 17, 2024

On Wednesday, Higher Tech Realty , dba Mark Spain Real Estate , filed a notice informing the U.S. Mark Spain Real Estate operates in Georgia, Tennessee, North Carolina, Florida, South Carolina and Texas. In settling the commission lawsuit, Mark Spain Real Estate joins several other major industry players.

Real Estate 448

Real Estate Realty Real Estate Agent Brokerage 448

Housing Wire

OCTOBER 31, 2024

What has changed for real estate brokerages since then? 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country.

Real Estate 448

Real Estate Brokerage Agents Training 448

Housing Wire

OCTOBER 15, 2024

Confusion and chaos are still a reality for some real estate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. Although the world didn’t end for the real estate industry on Aug.

Real Estate 448

Real Estate Brokerage Sellers Agents 448

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

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.” Additionally, the CFA stated that California Realtors have obtained a copy of the analysis.

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Realtors Buyers Contracts Realty 418

Housing Wire

NOVEMBER 4, 2024

The National Association of Realtors (NAR)is pushing back against the antitrust lawsuit filed against it and other Realtor associations in Michigan by three industry professionals. On Friday, the defendants in the suit filed a motion to dismiss the Hardy suit due to a failure to state a claim.

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Realtors Law Realty Real Estate 369

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.

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Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 448

Real Estate Brokerage Sellers Law 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 448

Real Estate Agent Real Estate Agents Business 448

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.”

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Realtors Law Agents Real Estate 468

Housing Wire

NOVEMBER 22, 2024

Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. The three plaintiffs are real estate professionals. District Court for the Eastern District of Michigan.

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Realtors Real Estate Real Estate Agent Agents 370

Housing Wire

OCTOBER 31, 2023

It found the National Association of Realtors , HomeServices of America and Keller Williams guilty of collusion to maintain high commission rates. billion in damages, many questions still remain about what this means for the real estate industry, as the defendants still await Judge Stephen Bough’s final judgment.

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Real Estate Landlords Sellers Design 497

Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate technology firm Clever Real Estate.

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Real Estate Agent Real Estate Agents Buyers 488

Housing Wire

DECEMBER 4, 2024

Bough’s ruling that granted final approval to the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement is facing yet another appeal. Judge Stephen R. On Tuesday, Robert Friedman filed an appeal of Bough’s ruling with the Eighth Circuit Court of Appeals.

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Legal Law Design Realtors 367

Housing Wire

JUNE 24, 2024

The forms the California Association of Realtors provides its members are the subject of a formal inquiry by the Department of Justice , according to an email the trade group sent to “industry leaders” on Thursday, obtained by HousingWire.

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Realtors Real Estate Business Legal 418

Housing Wire

JANUARY 6, 2025

It may be a new year, but the National Association of Realtors (NAR) is continuing to face legal challenges over its membership structure. Each of the plaintiffs hold real estate licenses in Louisiana as either agents and/or appraisers. The newest suit was filed last week in the U.S.

Real Estate 418

Real Estate Realtors Real Estate Agent Legal 418

Housing Wire

DECEMBER 6, 2024

Real estate agents often make the mistake of believing their clients will remember them forever but they dont. One of the easiest and most cost-effective ways to stay top-of-mind with clients and prospects is by consistently delivering value in an informative, helpful real estate newsletter. So, where do you start?

Real Estate 397

Real Estate Clients Tools Sellers 397

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.”

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Legal Realtors Agents Brokerage 482

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

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Realtors Brokerage Agents Buyers 459

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. As of now, there are no fees to join the American Real Estate Association, and membership is and will remain optional. “For

Real Estate Agent 482

Real Estate Agent Real Estate Agents Legal 482

Housing Wire

DECEMBER 2, 2024

In a new episode of the “ Real Estate Insiders Unfiltered Podcast ,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors ‘ (NAR) Clear Cooperation Policy (CCP), among other subjects.

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Real Estate Brokerage Advertising Agents 360