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

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

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 365

Realtors Law Realty Real Estate 365

Housing Wire

DECEMBER 20, 2024

Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it.

Realtors 268

Realtors Real Estate Legal Law 268

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 370

Realtors Real Estate Real Estate Agent Agents 370

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 448

Realtors Legal Real Estate Law 448

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.

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Insurance Legal Realtors Design 544

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

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

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

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.

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Realtors Legal Training 331

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.

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Realtors Legal Agents Real Estate 459

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.

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Real Estate Legal Fees Legal Brokerage 448

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.

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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

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Business Sellers Realtors Buyers 468

Housing Wire

JANUARY 10, 2024

Like the corporate brokerage defendants in the Sitzer/Burnett commission lawsuit , the National Association of Realtors also filed post-trial motions. The motions were filed on Monday prior to the filing deadline, but they did not appear on the court docket until Tuesday evening.

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Legal Law Realtors Brokerage 444

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.

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Agents Legal Realtors Clients 459

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 435

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.

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Legal Real Estate Realtors Sellers 468

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.

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Sellers Realtors Legal Agents 433

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.”

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Realtors Brokerage Real Estate Realty 533

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.

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Realtors Agents Real Estate Logistics 458

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.

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Real Estate Agent Real Estate Agents Legal 482

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.

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Brokerage Real Estate Realtors Agents 476

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 458

Agents Legal Real Estate Agent Buyers 458

Housing Wire

SEPTEMBER 18, 2024

Additionally, Fathom noted that as part of the settlement it has agreed to adhere to the rule and business practice changes outline in the National Association of Realtors’ nationwide commission lawsuit settlement agreement.

Brokerage 446

Brokerage Legal Fees Realty Legal 446

Housing Wire

NOVEMBER 8, 2024

After a monumental year of change, the National Association of Realtors (NAR) is looking to the past to find inspiration for the future. We’ve gone through some leadership changes , some legal challenges and one of, if not the largest, industry shifts of our lifetime. In case you didn’t know, it’s been quite a year ,” Sears said.

Realtors 368

Realtors Real Estate Legal Agents 368

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 448

Realtors Real Estate Legal Law 448

Housing Wire

FEBRUARY 21, 2024

HomeServices of America can preserve some of its legal war chest — for now, at least. billion Sitzer/Burnett verdict , in which the National Association of Realtors (NAR), Keller Williams and HomeServices affiliates were found to have conspired to inflate or stabilize commissions paid by sellers. “To Judge Andrea Wood of the U.S.

Realtors 434

Realtors Brokerage Real Estate Law 434

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.

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Sellers Legal Buyers Realtors 482

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

MAY 10, 2024

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. The vote occurred Thursday during the final day of NAR’s midyear conference, the Realtors Legislative Meetings, according to Inman , which first reported the story. represent themselves 2. represent themselves 2.

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Realtors Finance Agents Legal 396

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.

Real Estate 448

Real Estate Advertising Legal Agents 448

Housing Wire

JANUARY 2, 2024

The National Association of Realtors will respond to this complaint in court.” We will continue to seek to protect those we represent and defend our position in the appropriate legal forums, including with this new case which is duplicative of the others previously filed,” the statement concluded.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Housing Wire

APRIL 23, 2024

The plaintiffs kept moving the finish line and I was sad as president of the National Association of Realtors not to be able to protect everybody, but at the end of the day we realized we need to be able to protect the most people that we can, and in this proposed settlement, that was what we were able to do,” Sears said.

Realtors 446

Realtors Brokerage Agents Real Estate 446

Housing Wire

APRIL 16, 2024

The second Batton suit was filed in November 2023, just days after the jury verdict in the Sitzer/Burnett suit was announced, and the defendants include Compass , eXp World Holdings , Redfin , Weichert Realtors, United Real Estate , Howard Hanna and Douglas Elliman.

Real Estate 446

Real Estate Realtors Law Legal 446

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 448

Real Estate Brokerage Legal Agents 448