Housing Wire

JANUARY 2, 2024

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” “Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

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Sellers Brokerage Real Estate Realtors 448

Housing Wire

SEPTEMBER 30, 2020

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.

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Realty Brokerage Real Estate Sellers 435

Housing Wire

AUGUST 1, 2024

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. But it will be their sellers who make the decision on an offer of compensation to a buyer broker. They are set by each broker individually and may be negotiated between Seller and Broker.”

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Sellers Buyers Agents Law 448

Miller Samuel

JUNE 18, 2021

I had a fun conversation with Faith Jessie, journalist and anchor at Newsday, Maura McDermott, the real estate writer at Newsday, and Monica Balsan at Daniel Gale Sotheby's International Realty. Newsday Live: Hot Tips For a Hot Market: For Sellers. The interview was placed on Newsday's home page, which was pretty cool.

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Sellers Marketing Realty Real Estate 397

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

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Realty Realtors Brokerage Real Estate 459

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 459

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. It was filed on Wednesday in U.S.

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Realtors Brokerage Real Estate Realty 533

Housing Wire

MARCH 20, 2024

False: The NAR settlement will, for the first time, allow sellers to no longer pay compensation for an agent bringing the buyer. There has never been an obligation for a seller to pay buyer agent compensation , yet it is a practice that’s worked well.

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Sellers Real Estate Realtors Realty 482

Housing Wire

JUNE 13, 2024

Agents who are members of My State MLS will be able to enter their seller’s address into the MLS system, and after answering a few questions, receive a preliminary cash-offer estimate from Opendoor to review with their client. If the seller chooses to pursue Opendoor’s offer, they will then be directed to Opendoor to continue the process.

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Sellers Agents Clients Realty 488

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

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Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5%

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

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. As the saying goes, everything is bigger in Texas.

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Real Estate Realtors Realty Real Estate Agent 493

Housing Wire

OCTOBER 31, 2024

While Ohio is already a stronghold for the Pennsylvania -based firm, Howard Hanna strengthened its position in the buckeye state through its recent acquisition of Dayton-based Big Hill Realty. On the Atlantic Coast, Howard Hanna also completed its acquisition of The Alliance Group Realty , which is based in Hilton Head, South Carolina.

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Brokerage Realty Real Estate Agents 434

Housing Wire

MARCH 7, 2024

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. In the initial complaint , Whaley only named Realtor associations and MLSs as defendants.

Realty 448

Realty Real Estate Realtors Brokerage 448

Housing Wire

FEBRUARY 16, 2024

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. District Court in Las Vegas by Nevada home seller Angela Boykin. The copycat commission lawsuit was filed on Friday in U.S. 16, 2020, and the present.

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Real Estate Realtors Realty Brokerage 468

Housing Wire

OCTOBER 15, 2024

This has felt a lot more like Y2K versus some other stuff that we were warned about but were not prepared for, which is what I wanted,” said Leo Pareja , the CEO of eXp Realty. “My 17 deadline, much of the industry concern was over how home buyers and sellers would react. Would sellers suddenly stop offering buyer’s agent compensation?

Real Estate 448

Real Estate Brokerage Sellers Agents 448

Housing Wire

FEBRUARY 29, 2024

Opendoor and eXp Realty officially launched their new partnership on Thursday, Inman first reported. This integration is making Opendoor cash-offer solutions available to eXp Realty’s nearly 90,000 agents. The Opendoor option will be part of every single one of my listing presentations going forward.

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Realty Agents Clients Sellers 459

Housing Wire

FEBRUARY 6, 2024

In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit.

Realty 435

Realty Realtors Real Estate Brokerage 435

Housing Wire

DECEMBER 8, 2023

By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs. AF Realty Group is the smallest of the new defendants with just 15 agents, according to the complaint.

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Brokerage Realty Real Estate Agent Real Estate 459

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We Our objective is to ensure a transparent and seamless closing experience that benefits all parties involved.”

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Business Realty Brokerage Real Estate 432

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.

Brokerage 433

Brokerage Realty Real Estate Real Estate Agent 433

Housing Wire

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. According to the motion, at least some of the putative class members in the suit would be bound by their seller agreements to arbitrate claims, similar to HomeServices’ claims.

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Realty Real Estate Law Brokerage 448

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. This rule is no longer in place due to the terms of NAR’s home seller commission lawsuit settlement , which went into effect in August. The newest suit was filed Sept.

Realtors 448

Realtors Real Estate Sellers Agents 448

Housing Wire

AUGUST 28, 2024

Consumers who utilize the platform must sign a buyer representation agreement with reAlpha Realty, but they are allowed to break it at anytime and will not incur a penalty. “In But unlike reAlpha, Modern Realty is much newer, having officially launched only three months ago. The company has two service tiers. “So,

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Real Estate Agent Real Estate Agents Modernization 468

Inman

JULY 31, 2024

A new draft seller contract that eXp Realty is distributing to its brokers and agents is largely consistent with a newly issued set of criteria from the Consumer Federation of America, the watchdog group said this week.

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Contracts Sellers Realty Agents 183

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

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Realty Real Estate Chief Valuation Officer Technology 493

Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But since June 30, prices have leveled off to about $530,000, according to data provided by Stacie Herrig, who is a Boise-based agent at Fathom Realty.

Real Estate 476

Real Estate Realty Brokerage Realtors 476

Housing Wire

AUGUST 30, 2023

“David’s dedication to maximizing marketing and optimizing value for sellers aligns with the Real platform and our mission to give our agents the tools they need to succeed by providing the best consumer experience possible.” He and his team were most recently brokered at Hague Realty in Scottsdale.

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Brokerage Realty Agents Technology 418

Housing Wire

OCTOBER 6, 2023

.” According to the brokerage conglomerate, the proposed settlement includes injunctive relief requiring practice changes in Anywhere Advisors, the company’s owned brokerage operations (which includes Coldwell Banker Realty , Corcoran , and Sotheby’s International Realty ), for a period of five years following final court approval.

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Buyers Brokerage Agents Sellers 459

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 to $14.90 million to $14.90

Buyers 435

Buyers Realty Real Estate Realtors 435

Housing Wire

AUGUST 18, 2023

RedBird Realty (No. 5000 this year include Worth Clark Realty (No. 3,307), Lamacchia Realty (No. 3,393), ONE Sotheby’s International Realty (No. 3,818), Realty Group (No. 3,977), Professional Realty Services International (No. Rank Company Growth (3-yr Avg.) 186 spot on the Inc. 186 spot on the Inc.

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Real Estate Brokerage Realty Real Estate Agent 370

Housing Wire

OCTOBER 15, 2024

It named UtahRealEstate.com , the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America and RE/MAX as defendants. As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. Homie filed the suit in mid-August.

Brokerage 434

Brokerage Sellers Realty Realtors 434

Housing Wire

MARCH 27, 2024

Competition heats up In 2019, Watson Realty Corp. In 2023, not only is Watson Realty’s lead gone, but the company has fallen to 3rd place in listings. Keller Williams Jacksonville has taken its crown, and Florida Homes Realty has narrowly overtaken it for 2nd place. Other would-be disruptors have not fared so well.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Housing Wire

DECEMBER 10, 2024

Its a symptom of a market thats transitioning away from sellers. Altos considers anything above 30 to be indicative of a seller’s market. Sandi Wethington, an eXp Realty agent, said she recently participated in a transaction where the seller installed a new septic tank and a new roof to get the deal closed.

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Housing Market Marketing New Listings Sellers 370

Housing Wire

MARCH 3, 2025

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. This serves no one except the brokers that are doing this.

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Legal Sellers Realtors Agents 386

Housing Wire

APRIL 9, 2024

Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Such opportunities may arise.

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Sellers Realty Insurance Realtors 476

Housing Wire

FEBRUARY 24, 2025

Sothebys International Realty recently released its 2024 performance report. Philip White , president and CEO of Sothebys International Realty, attributed the brands success to a simple truth. High-net-worth buyers seek to expand their property portfolios in multiple countries, while sellers are looking for global exposure, Fahmi said.

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Housing Market Marketing Realty Real Estate 329