Housing Wire

SEPTEMBER 13, 2024

Terrie Suit, who served as CEO of Virginia Realtors for the past 11 years, has announced her retirement, according to a company announcement on Friday. Virginia Realtors, which has a membership base of 38,000, named Martin K. She has been a Realtor since 1985 and also spent 20 years in mortgage lending.

Realtors 348

Realtors Real Estate Landlords Tenants 348

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

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.

Realtors 440

Realtors Brokerage Agents Buyers 440

Housing Wire

FEBRUARY 16, 2024

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. NAR’s insurance policy is tapped out, and there are no funds available for REALTOR Associations and MLSs for legal defense costs,” Hahn wrote.

Insurance 544

Insurance Realtors Legal Design 544

Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). The complaint cites a report by the Community Legal Services of Lehigh Valley , which found that minority members of NAR have been subjected to unequal enforcement of ethical standards.

Realtors 439

Realtors Legal Real Estate Law 439

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.

Realtors 375

Realtors Buyers Contracts Realty 375

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.

Realtors 411

Realtors Real Estate Business Legal 411

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 440

Realtors Law Agents Real Estate 440

Real Estate News

NOVEMBER 19, 2024

The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.

Realtors 329

Realtors Legal Training 329

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 464

Legal Realtors Agents Brokerage 464

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.

Realtors 273

Realtors Law Realty Real Estate 273

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. District Court for the Eastern District of Michigan.

Realtors 320

Realtors Real Estate Real Estate Agent Agents 320

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.

Legal 263

Legal Law Design Realtors 263

Housing Wire

MARCH 15, 2024

The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. NAR’s legal counsel approved the settlement agreement early Friday morning. The story was first reported by the New York Times. It has yet to be filed in court.

Legal 540

Legal Agents Realtors Real Property 540

Housing Wire

OCTOBER 28, 2024

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. She expanded on this in her legal objection. “If

Business 442

Business Sellers Realtors Buyers 442

Housing Wire

JULY 16, 2024

The company said in a statement that the settlement was the “best course of action as it will save United Real Estate significant legal fees and allow the company to move forward.” The National Association of Realtors has also reached a nationwide settlement of the commission suits.

Real Estate 411

Real Estate Legal Fees Legal Brokerage 411

Housing Wire

JUNE 25, 2024

Things had been tense between the Realtor association shareholders and the company’s management and board for some time, Vincent said. We are working with our attorneys on the legality of it and the very strong possibility of legal action,” Vincent said. HousingWire has reached out to DMAR and SMDRA for comment.

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Legal Realtors Investors Agents 416

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. Filed on Tuesday in U.S.

Realtors 392

Realtors Legal Agents Real Estate 392

Housing Wire

MARCH 8, 2024

JND Legal Administration is in charge of distributing the mailers, emails and press releases. While it is not uncommon for the parties themselves to handle settlement administration work, legal experts told HousingWire that due to the size and scope of these lawsuits it is not surprising that a third-party administrator was brought in.

Agents 412

Agents Legal Realtors Clients 412

Housing Wire

SEPTEMBER 5, 2023

We believe the settlement will remove future uncertainty with respect to the upcoming trial, potential additional claims, and legal expense, enabling Anywhere to focus on and continue delivering what’s next for agents and franchisees.

Real Estate 448

Real Estate Buyers Legal Realtors 448

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. The suit claims that the defendants have engaged in unlawful tying arrangements that compel membership to Realtor associations in order to gain access to MLS data.

Real Estate 352

Real Estate Realtors Real Estate Agent Legal 352

Housing Wire

AUGUST 6, 2024

In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to several business practice changes, including a mandate that buyers sign a broker representation agreement prior to going on a home tour with their agent. “We did feel strongly that we needed to create our own forms. .

Brokerage 448

Brokerage Realtors Agents Real Estate 448

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 405

Legal Real Estate Realtors Sellers 405

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 think it’s exactly what real estate agents need and what the industry has not been able to offer until now,” Berkin said in a statement.

Real Estate Agent 451

Real Estate Agent Real Estate Agents Legal 451

Housing Wire

OCTOBER 7, 2024

And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It But with REcolorado’s sale to Burks, the MLS is no longer owned by a Realtor association and thus isn’t subject to NAR rules. But the drama around the situation could be just beginning.

Brokerage 446

Brokerage Real Estate Realtors Agents 446

Housing Wire

MAY 3, 2024

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson.

Sellers 466

Sellers Legal Buyers Realtors 466

Housing Wire

JANUARY 14, 2025

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. San Francisco Association of Realtors , which was an original defendant in the suit, was voluntarily dismissed in 2024. On Monday, the parties notified Judge Vince Chhabria of the U.S.

Agents 325

Agents Legal Real Estate Agent Realtors 325

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

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

Realtors 493

Realtors Brokerage Real Estate Realty 493

Housing Wire

NOVEMBER 8, 2023

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs.

Real Estate 454

Real Estate Realtors Sellers Agents 454

Housing Wire

AUGUST 27, 2024

Although cooperative compensation or commission information is no longer available on many MLSs after the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement went into effect Aug. 17 , some MLSs have allowed agents to continue indicating whether their seller is willing to consider concessions.

Sellers 350

Sellers Realtors Legal Agents 350

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 417

Realtors Contracts Real Estate Agents 417

Housing Wire

OCTOBER 11, 2024

Despite a frozen housing market and significant uncertainty related to the National Association of Realtors ‘ antitrust settlements, teams are generally optimistic about the future. 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 422

Real Estate Brokerage Legal Agents 422

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.

Real Estate 489

Real Estate Realtors Realty Real Estate Agent 489

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

Realtors 389

Realtors Agents Real Estate Logistics 389

Housing Wire

MARCH 14, 2024

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. Grochulski and Wang reached this conclusion after creating and analyzing a mathematical model of home searches and purchases in the U.S. housing market.

Agents 389

Agents Legal Real Estate Agent Buyers 389

Housing Wire

NOVEMBER 1, 2023

With Bough’s injunction not yet known and the National Association of Realtors , Keller Williams and HomeServices of America all vowing to appeal the jury’s verdict, it’s uncertain exactly when changes will go into effect. “As Although Pearson’s concerns are warranted, she is certainly ahead of the game. I do believe they will.

Open Houses 486

Open Houses Brokerage Agents Realtors 486