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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. million after the brokerage paid its commissions and related expenses. Revenue decreased by 10% year over year to $1.34

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Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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NAR CEO back on stand for second day of defense testimony in commission lawsuit trial

Housing Wire

In his testimony, Gansho stated that NAR does not conspire with brokerages on commissions, and he echoed Goldberg’s sentiment that brokerages do not follow and enforce the rule. Initially, Ketchmark tried to establish that NAR’s Clear Cooperation rule, which lies at the crux of the lawsuit, is in itself a conspiracy.

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Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. Douglas Elliman also cites lack of jurisdiction in its motion to dismiss, stating that Douglas Elliman International and Douglas Elliman Realty are holding companies that are not licensed as real estate brokerages in Missouri or elsewhere.

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Realogy Speaks Out Against ‘Mandatory’ NAR MLS policy

RIS Media

Realogy has urged the National Association of REALTORS® (NAR) to rethink one of its multiple listing service (MLS) policies. The large real estate conglomerate publicly called for NAR to end its MLS mandate requiring listing brokers to offer compensation so they can post a seller’s property on a REALTOR®-affiliated MLS.

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How to get a real estate license in Ohio (OH) in 5 steps

Housing Wire

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? After clearing your background check, you can apply to take the Ohio licensing exam.

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Pros and Cons of Getting Your Broker License

Realty Biz

As an agent, if you’re more aggressive in the flips you’d like to do, it can be frustrating if the brokerage you’re working under is ultra conservative. As a designated or principal broker, you can become a broker-owner (where you own the brokerage). Who doesn’t love that? The control you have as an agent is limited.