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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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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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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

Willis joined Keller Williams from Coldwell Banker in 1991, serving in multiple roles during his time with the brokerage. He takes over at a critical point in the real estate industry. Treble damages could result in NAR and the defendant brokerages paying roughly $5.36 That’s Mark Willis.” He left the company in 2016.

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The Beinfield Team in Connecticut returns to Compass after brief departure

Housing Wire

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

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Tennessee Brokerage Joins Better Homes & Gardens Real Estate

RIS Media

Founded in 2010, the company is headed by its six-person leadership team of Tennessee natives: Melissa Sterling, who serves as principal broker, Jeff Hicks, David Bradford, Jordan Cooper, Reed Emerson and Leigh… The post Tennessee Brokerage Joins Better Homes & Gardens Real Estate appeared first on RISMedia.

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Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

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The Agency Dallas attracts top performing agents

Housing Wire

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. Rizo is coming to The Agency from Douglas Elliman. and Mexico.

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