Remove As-is Remove Brokerage Remove MLS Remove Principal
article thumbnail

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

Principal 396
article thumbnail

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

MLS 417
article thumbnail

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.

Brokerage 412
article thumbnail

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.

MLS 98
article thumbnail

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.

Brokerage 421
article thumbnail

Brokers: Power Your Marketing

RIS Media

While other brokerages often focus on the aesthetics’ portion of marketing, the real key to lead conversion is leveraging property data. Gorce is a technology executive with over 20 years of experience in MLS and real estate technology and the former president of Clareity, which was acquired by CoreLogic in 2017. ET / 2 p.m.