Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. of the MLS listings held by these brokerages in 2019 to 7.2%

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Housing Wire

NOVEMBER 27, 2023

Real estate agents are continuing to stay put, moving much less between brokerages than the post- pandemic peak seen in the summer of 2021, according to the latest Relitix Agent Movement Index. representing a decline in annualized movement of agents of over 18%. It now appears that was premature as the decline continues.

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Housing Wire

JANUARY 16, 2024

After a multi-year decline in agent movement between brokerages , Relitix ’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024. “We Agents will begin moving more between brokerages in 2024 as the market begins to normalize.

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Agents MLS Brokerage As-is 450

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

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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 addition of the five local brokerages is not the only recent change to the list of defendants.

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Brokerage MLS Agents As-is 408

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. District Court in Seattle determined that Zillow did not make deceptive change to its only agent listings that forced REX Real Estate to go out of business. In mid-May 2022, REX ceased its brokerage operations.

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Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day. Real estate agents know city and county property taxes.

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Housing Wire

JANUARY 16, 2024

Vanguard operates in Marin, Sonoma, Napa, San Francisco, East Bay and Palm Springs counties and has approximately 500 agents. Twin Oaks is headquartered in Solano County and has roughly 100 agents, while Windermere is headquartered in Seattle and has over 6,500 agents. The lawsuit was originally filed in U.S.

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Brokerage MLS Agents As-is 450

Housing Wire

SEPTEMBER 23, 2021

The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. The post Stellar MLS to launch new agent platform appeared first on HousingWire. and Canada.

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Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

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MLS Agents Brokerage As-is 370

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

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Industrial Brokerage MLS Agents 421

Housing Wire

DECEMBER 8, 2023

Originally filed in late November, the Phillips lawsuit accuses real estate industry players of colluding to artificially inflate real estate agent commissions. Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS.

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Brokerage MLS Branding Agents 432

Housing Wire

SEPTEMBER 26, 2023

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016.

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Agents Brokerage MLS Industrial 409

Housing Wire

OCTOBER 17, 2023

Agents are moving between brokerages at a much slower pace than the post-pandemic peak seen in the summer of 2021, according to Relitix’s Agent Movement Index. The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016.

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Agents Brokerage MLS Development 410

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

AUGUST 14, 2023

The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, the North Bay Business Journal first reported. It’s also been challenging for agents to keep track of sold properties since the attack as their local MLS system has been out.

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Agents MLS Brokerage Sales 370

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Industrial MLS Sales 466

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. Don’t panic. The executives said they received more than 150 questions.

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Purchase and sale agreement Agents Seller concession MLS 441

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

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Agents MLS Residential Brokerage 432

Housing Wire

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. MLS PIN, which is New England’s largest multiple listing service (MLS), filed the settlement agreement in late June.

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MLS As-is Finance Brokerage 410

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable. And before getting my real estate license in 2009, I had the same opinion, too.

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Purchase and sale agreement Agents MLS Brokerage 332

Housing Wire

APRIL 24, 2024

Another brokerage has decided to settle the commission lawsuits. Additionally, all agents licensed under these firms are also covered by the proposed settlement. The brokerage also said it will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered.

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Brokerage MLS Branding Agents 256

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. You are forewarned — there are charts! Who’s most exposed?

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Agents Purchase and sale agreement Brokerage Finance 479

Housing Wire

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. From this, Ketchmark said Keller Williams teaches its agents that a “model will work for you if you follow it.”

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Agents MLS Brokerage Equity 410

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. He also said that the idea that agents and MLSs are colluding is “ridiculous.” If they want to hire just a regular agent, they are free to do that.

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MLS VA loan Agents As-is 441

Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

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MLS Agents Industrial Brokerage 431

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). NAR has aggressively enforced this rule across the country. On Wednesday a U.S.

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MLS Brokerage Agents As-is 500

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. The two MLSs named in the suit California Regional MLS and Combined L.A. Westside MLS. It was filed on Wednesday in U.S.

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MLS Brokerage Agents As-is 531

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We It also agreed to prohibit broker compensation appearing in the MLS fields.

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Industrial MLS Brokerage Agents 450

Housing Wire

DECEMBER 4, 2023

The franchise, which has more than 300 agents spread across five offices in the Puget Sound region in Washington State, is the first privately-owned Coldwell Banker franchise to separate from NAR. Earlier in October, national real estate brokerages Redfin , Anywhere and RE/MAX took a step back from NAR.

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MLS Brokerage Agents Development 450

Housing Wire

DECEMBER 20, 2023

After a multi-year decline in agent movement between brokerages , Relitix’s Agent Movement Index suggests that this trend may be reversing. The index shows that, measured on a trailing 12-month basis, the amount of agent recruitment bottomed out in October of 2023 and has begun to increase.

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MLS Brokerage Agents As-is 410

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

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MLS Brokerage Agents Industrial 441

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

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Brokerage Residential MLS Sales 491

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

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MLS Purchase and sale agreement Brokerage Closing 384

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022.

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MLS Brokerage Agents As-is 421

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. ” What’s at stake?

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MLS Brokerage Agents Residential 458

Housing Wire

SEPTEMBER 19, 2023

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. If added together, Nestfully’s five MLSs have 343,000+ agent and brokerage subscribers.

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MLS Brokerage Agents Technology 410