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.

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Real Estate Realtors Realty Real Estate Agent 489

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. Hardy is the owner of Snyder Kinney Bennett & Keating LLC , which does business in southeastern Michigan as Signature Sotheby’s International Realty.

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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. Hardy is the owner of Snyder Kinney Bennett and Keating LLC , which does business in southeast Michigan as Signature Sotheby’s International Realty.

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Realtors Real Estate Real Estate Agent Agents 320

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 411

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.” Westside MLS.

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Realtors Brokerage Real Estate Realty 493

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

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Realty Realtors Brokerage Real Estate 448

Housing Wire

JANUARY 26, 2024

When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits.

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Brokerage Realty Realtors Sellers 395

Housing Wire

FEBRUARY 6, 2024

Like the other commission lawsuits , the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

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Realty Realtors Real Estate Brokerage 378

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. 16, 2020, and the present.

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Real Estate Realtors Realty Brokerage 417

Housing Wire

DECEMBER 9, 2024

Not only has Realty ONE Group successfully had its commission lawsuit settlement agreement approved, but the firm has also succeeded in being dismissed from the Masiello copycat commission lawsuit. District Court in Phoenix, granted the joint motion to dismiss filed by plaintiff John Masiello and defendant Realty ONE Group Arizona.

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Realty Realtors Real Estate Brokerage 291

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 453

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

DECEMBER 8, 2023

AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint. In addition to all of the local firms named, the amended complaint also added Anywhere brand, ERA Franchise System to the defendants list, as well as Weichert of North America , eXp Realty and Redfin.

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Brokerage Realty Real Estate Agent Real Estate 448

Housing Wire

MARCH 8, 2024

Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group. Lisa is super on the pulse.

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Agents Legal Realtors Clients 412

Housing Wire

SEPTEMBER 18, 2024

Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. HomeSmart , Redfin , United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage.

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Brokerage Legal Fees Realty Legal 363

Housing Wire

MARCH 7, 2024

In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. These organizations included the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS.

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Realty Real Estate Realtors Brokerage 373

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 Lisa Chinatti, the broker-owner of Chinatti Realty , doesn’t share Lamacchia’s optimism.

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Open Houses Brokerage Agents Realtors 486

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 446

Housing Wire

AUGUST 6, 2024

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different. So, for example, in California, the form we baked is very much a reflection of the California Association of Realtors’ guidance.”

Brokerage 448

Brokerage Realtors Agents Real Estate 448

Housing Wire

OCTOBER 7, 2024

The top brokerage in the country by transaction side count, eXp Realty , has settled the commission lawsuits. The parent company of eXp Realty, eXp World Holdings , announced the settlement on Monday in a filing with the Securities and Exchange Commission (SEC).

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Realty Brokerage Real Estate Agent Real Estate 384

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.

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Sellers Brokerage Real Estate Realtors 408

Housing Wire

OCTOBER 15, 2024

(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. Brokers and industry leaders say things are still a little chaotic, but they aren’t nearly as bad as some feared.

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Real Estate Brokerage Sellers Agents 446

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 433

Housing Wire

JANUARY 16, 2024

In an amended complaint filed on Friday, the plaintiffs’ counsel named Vanguard Properties , Twin Oaks Real Estate , Windermere Real Estate Services Company , Rapisdara & Fox and Realty One Group , as additional defendants in the antitrust suit.

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Brokerage Realtors Realty Real Estate 386

Housing Wire

JANUARY 16, 2024

The complaint names the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS as defendants.

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Realtors Real Estate Real Estate Agent Sellers 436

Housing Wire

FEBRUARY 27, 2024

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. Hanna Holdings, Douglas Elliman, Realty ONE Group and HomeSmart International also filed motions to dismiss the suit.

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Realty Real Estate Law Brokerage 388

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

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Brokerage Realty Real Estate Real Estate Agent 336

Housing Wire

OCTOBER 17, 2024

On Wednesday, Higher Tech Realty , dba Mark Spain Real Estate , filed a notice informing the U.S. The list of brokerages that have settled the commission lawsuits is getting longer. District Court in Atlanta that it had reached a nationwide settlement of the commission lawsuits with the plaintiffs in the Phillips suit.

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Real Estate Realty Real Estate Agent Brokerage 387

Housing Wire

SEPTEMBER 16, 2024

NextHome joins The Keyes Co. , HomeSmart , Redfin , United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage in settling the commission lawsuits.

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Brokerage Real Estate Realty Realtors 400

Housing Wire

AUGUST 5, 2024

per the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement. eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

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Sellers Buyers Agents Advertising 448

Housing Wire

JULY 16, 2024

HomeSmart joined United Real Estate , Douglas Elliman , Realty One Group , At World Properties, Anywhere , RE/MAX , Keller Williams , Compass , HomeServices of America and The Real Brokerage in settling the commission lawsuits.

Brokerage 376

Brokerage Realty Realtors Real Estate 376

Housing Wire

SEPTEMBER 3, 2024

/Illustrated Properties was not grandfathered into the settlement reached by the National Association of Realtors (NAR). The company posted a transaction volume of $7.55 billion in 2022, according to data from RealTrends Verified , well above the $2 billion threshold. The company also did not choose to opt in to NAR’s settlement.

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Brokerage Realty Realtors Real Estate 394

Housing Wire

NOVEMBER 26, 2024

The National Association of Realtors (NAR) and the real estate industry at large have something to be thankful for this Thanksgiving. In addition to covering the organization itself, NAR’s settlement also protects all brokerages that recorded less than $2 billion in sales volume in 2022 and all Realtor-affiliated MLSs.

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Brokerage Realtors Buyers Real Estate 395

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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Agents Brokerage Real Estate Tenants 392

Housing Wire

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

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Realtors Real Estate Sellers Agents 374

Housing Wire

NOVEMBER 3, 2023

In response, Glenn Sanford, the founder and chief executive of the company, which is parent to eXp Realty , expressed concern about low-income homebuyers who may not be able to afford representation “if the rules change too much.” “I But at eXp Realty, transactions were down 8.6% million (down from $4.4 million in Q3 2022).

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Buyers Realty Real Estate Realtors 371

Housing Wire

DECEMBER 18, 2024

After pushing back against an antitrust lawsuit filed against it in Michigan , the National Association of Realtors (NAR) has shifted its focus to a similar suit filed against the trade group in Pennsylvania.

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Realtors Contracts Law Realty 337