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 436

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.,

Sellers 408

Sellers Brokerage Real Estate Realtors 408

Housing Wire

MAY 29, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed James F. Wood “Coldwell Banker Realty is proud to partner with James F. Coldwell Banker Realty boasts approximately 6,300 affiliated agents and 90 office locations. Wood, the brokerage announced on Tuesday.

Realty 368

Realty Agents Luxury Properties Brokerage 368

Housing Wire

MAY 2, 2024

On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. We look forward to our partnership with Carson Realty (CR).

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Realty Insurance Brokerage Clients 334

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.”

Realty 448

Realty Realtors Brokerage Real Estate 448

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.

Sellers 482

Sellers Real Estate Realtors Realty 482

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.

Brokerage 395

Brokerage Realty Realtors Sellers 395

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 486

Realty Realtors Real Estate Real Estate Agent 486

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.

Real Estate 489

Real Estate Realtors Realty Real Estate Agent 489

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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Agents Sellers Realty Buyers 464

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.

Realty 442

Realty Agents Clients Sellers 442

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.

Real Estate 417

Real Estate Realtors Realty Brokerage 417

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.

Realtors 493

Realtors Brokerage Real Estate Realty 493

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 446

Real Estate Brokerage Sellers Agents 446

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.

Sellers 442

Sellers Agents Realty Clients 442

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 378

Realty Realtors Real Estate Brokerage 378

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.

Brokerage 448

Brokerage Realty Real Estate Agent Real Estate 448

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.

Contracts 183

Contracts Sellers Realty Agents 183

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 373

Realty Real Estate Realtors Brokerage 373

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.

Buyers 459

Buyers Brokerage Agents Sellers 459

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 474

Real Estate Realty Brokerage Realtors 474

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.

Realty 388

Realty Real Estate Law Brokerage 388

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,

Real Estate Agent 453

Real Estate Agent Real Estate Agents Modernization 453

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 (..)

Realty 470

Realty Real Estate Chief Valuation Officer Technology 470

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.

Real Estate 365

Real Estate Brokerage Realty Real Estate Agent 365

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.

Brokerage 338

Brokerage Realty Real Estate Agents 338

Housing Wire

JANUARY 8, 2025

Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. The additions of Harvest Realty and The Burgman Group bring Real’s total agent count to more than 24,000. Theyve set the gold standard for service to the Chinese community. billion.

Brokerage 396

Brokerage Real Estate Realty Clients 396

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

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.

Sellers 459

Sellers Realty Insurance Realtors 459

Housing Wire

FEBRUARY 21, 2024

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry.

Real Estate 443

Real Estate Real Estate Agent Realty Clients 443

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.

Housing Market 352

Housing Market Marketing New Listings Sellers 352

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 336

Brokerage Realty Real Estate Real Estate Agent 336

Housing Wire

MARCH 13, 2024

The basis of the idea goes something like this: in today’s high-tech digital world, there exists abundant online resources whereby any buyer can review any property, compare any property value, draw an accurate opinion of any property value, and even reach out directly to sellers to negotiate a transaction. That’s a pretty big task.

Real Estate Agent 466

Real Estate Agent Real Estate Agents Sellers 466

Housing Wire

FEBRUARY 23, 2024

Altos considers anything over 30 to be a seller’s market. It’s bad, like really bad,” Doug Danzey, the leader of the eXp Realty brokered teamerage The Cobalt Group , said. “We Although rates may be keeping some sellers in their homes longer than they wanted, Stella said he is not seeing as great an impact on buyers as he is sellers.

Housing Market 492

Housing Market Marketing Inventory Buyers 492

Housing Wire

AUGUST 12, 2024

Hardy is the owner of Snyder Kinney Bennet and Keating LLC , which does business in Southeastern Michigan as Signature Sotheby’s International Realty. According to the complaint, the plaintiffs believe the “wrongful acts of the defendants” have caused them to lose earning potential, and have been an overall detriment to their business.

Real Estate 501

Real Estate Realtors Agents Real Estate Agent 501

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.”

Business 327

Business Realty Brokerage Real Estate 327

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Sellers can receive a 1% real estate agent commission reduction when selling with a Newzip-affiliated agent.

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Real Estate Agent Real Estate Loan Officers Agents 408