Remove Branding Remove Brokerage Remove MLS Remove Sales
article thumbnail

More local brokerages added to Georgia commission lawsuit defendant list

Housing Wire

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. “By As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

Brokerage 421
article thumbnail

HomeServices settles commission lawsuits for $250M

Housing Wire

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story.

Brokerage 444
Insiders

Sign Up for our Newsletter

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

article thumbnail

“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

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. I do believe that the MLS is derived from the concept of cooperation and compensation,” Bailey said.

Agents 389
article thumbnail

9 tips for high-converting real estate landing pages

Housing Wire

Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography. Use quantifiable data, such as your total volume of sales or number of years in the business, to demonstrate your credibility.

Land 428
article thumbnail

RE/MAX settles buyer broker commission lawsuits for $55 million

Housing Wire

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. By the terms of the Settlement, RE/MAX agreed to pay a total settlement amount of $55.0 million … into a qualified settlement fund.

MLS 483
article thumbnail

Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

MLS 306
article thumbnail

LEADING LUBBOCK BROKERAGE LOCKS IN EXPANSION PLANS WITH THE CENTURY 21 BRAND AFFILIATION

Realty Biz

a global industry leader and the most recognized brand in real estate*, has expanded its Texas presence with the affiliation of Kearney & Associates Realty in Lubbock. In addition to earning REALTORS ® of the Year honors from their local MLS, both Charles and Ann have served as president of the Lubbock Association of REALTORS ®.