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 billion.

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Brokerage Industrial MLS Sales 422

Housing Wire

JANUARY 23, 2024

As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S. It boasts its own in-house digital transaction management platform, a network of agents, in-house title and mortgage services, as well as a 24/7 “concierge” service.

Industrial 384

Industrial Title MLS Technology 384

Housing Wire

OCTOBER 3, 2023

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. model of local MLS broker marketplaces has long been — and still is — considered the best value in the world. There is a lot of unwinding to do there.”

Industrial 299

Industrial MLS Brokerage Staging 299

Housing Wire

APRIL 17, 2024

Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward. We’re closely monitoring how these changes affect agent decisions, especially in light of recent industry-wide shifts.

Agents 392

Agents MLS Brokerage Industrial 392

Housing Wire

SEPTEMBER 6, 2023

The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.

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Industrial MLS Agents Equity 418

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. My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.” Name another industry out there where that happens.

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MLS VA loan Agents As-is 421

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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MLS Agents Brokerage Technology 251

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 372

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

Brokerage 491

Brokerage Residential MLS Sales 491

RIS Media

JULY 14, 2023

The real estate industry is dynamic and constantly evolving, prompting brokerages to seek ways to maximize efficiency and reduce expenses. One powerful solution is the consolidation of resources via the MLS.

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MLS Brokerage Industrial Development 80

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 Westside MLS. It was filed on Wednesday in U.S.

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MLS Brokerage Agents As-is 501

GeekEstate Agents & Brokers

APRIL 25, 2024

Today’s showcase: Solid Earth] Creating technology solutions for MLSs and Realtor Associations, Solid Earth launched the first web-based MLS platform, List It, in 1999. Learn More The post Member Engagement Tools for MLS and Realtor Associations appeared first on GeekEstate Blog.

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MLS Technology Branding Brokerage 83

Housing Wire

APRIL 26, 2024

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. The Minnesota-headquartered firm had $133.8

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Brokerage MLS Agents Branding 441

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 401

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. It’s easy to understand what a market without an MLS would look like and why it doesn’t work. An additional $6,400.

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MLS Purchase and sale agreement Brokerage Closing 384

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Despite not being affiliated with a Realtor association, West Penn MLS has adopted a rule similar to NAR’s Participation Rule.

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MLS Brokerage Agents Industrial 425

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. ” The other defendants in the suit did not return a request for comment.

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MLS Equity Brokerage Industrial 421

Real Estate News

SEPTEMBER 2, 2023

NWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.”

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MLS Brokerage Industrial 271

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

MLS 391

MLS Brokerage Industrial Sales 391

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

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MLS Brokerage Industrial Agents 405

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. that you have to be a Realtor to get access to the Realtor-owned and operated MLS. million members. Certainly there are a lot of places in the U.S. In about half the U.S.,

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MLS Brokerage Agents Industrial 414

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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Agents Brokerage MLS Technology 310

Housing Wire

FEBRUARY 12, 2024

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions. In the Sitzer-Burnett case, plaintiffs successfully argued that real estate commission rates were too high.

MLS 387

MLS Brokerage Agents Industrial 387

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 457

Housing Wire

OCTOBER 20, 2023

Consumers have had lots of choices in brokerage services, including those with lower costs, but they have chosen not to use them in any meaningful way. Some say the MLS enables U.S. Those who point to this conclusion fail to mention the role the MLS plays in the U.S. ZipRealty closed nearly 30,000 transactions at its peak.

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MLS Brokerage Agents Industrial 425

RIS Media

DECEMBER 5, 2023

Technically, the MLS industry was not on trial last October, as recent homesellers accused the National Association of REALTORS® (NAR) and big brokerages of conspiring to inflate commissions, winning a landmark ruling and a $1.8 billion judgment.

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MLS Brokerage Industrial Agents 101

Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

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MLS Brokerage Agents Industrial 419

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. Anywhere will eliminate any minimum client commission requirements that company owned brokerages may have.

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Brokerage MLS Agents Branding 432

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

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MLS Lending Closing costs Agents 431

RIS Media

MARCH 15, 2024

No matter the career—whether it’s MLS or brokerage, or anything in between—the journey to leadership is full of both discovery and growth. And, as leaders across the board can attest, it’s more enjoyable when shared… The post An MLS Leadership Journey: Inspiring Others Every Step of the Way appeared first on RISMedia.

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MLS Brokerage As-is Industrial 99

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.

Agents 342

Agents Brokerage MLS Industrial 342

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. 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

Brokerage 282

Brokerage Residential MLS Sales 282

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. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next.

Agents 384

Agents MLS Brokerage Equity 384

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

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MLS Industrial Agents Brokerage 472

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.

Agents 372

Agents Brokerage MLS Development 372

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent.

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MLS Brokerage Agents Industrial 438

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

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MLS Property Management Brokerage Title 369