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47 Texas real estate firms, associations get hit with second commission lawsuit

Housing Wire

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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Nevada real estate firms hit with second commission lawsuit

Housing Wire

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

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Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Plus, we both recognized the important role that Realtors play in helping people achieve the American Dream.”

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Anywhere senior executive makes the move to Lamacchia Realty

Housing Wire

Massoud Atallah is leaving Anywhere Real Estate to join Lamacchia Realty. On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. I am grateful to have him on our team now.”

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Oh snap! Michigan real estate brokers file antitrust suit against NAR

Housing Wire

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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Are AI real estate agents the future for homebuyers? These firms think so

Housing Wire

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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eXp Realty lands 21-agent team in Northern California

Housing Wire

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. Robert Yost is a 19-year veteran in real estate, and Angelica serves as co-team lead and director of growth.

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