Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. While CoStar’s stock climbed more than 8% on the day, the other companies’ stocks fell 4.9-14.3%.

Investor 425

Investor Residential Agents MLS 425

Housing Wire

OCTOBER 19, 2023

The REBNY and the Residential Listing Service (RSL) in NYC are governed by the Universal Co-Brokerage Agreement (UCBA) and are independent from the National Association of Realtors. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent.

Agents 432

Agents MLS Residential Brokerage 432

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. District Court for the Western District of Pennsylvania.

MLS 430

MLS Brokerage Agents Industrial 430

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?

MLS 458

MLS Brokerage Agents Residential 458

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.

Brokerage 303

Brokerage Residential MLS Sales 303

Housing Wire

FEBRUARY 28, 2024

At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. 2, 2019, and Oct. 2, 2023.

MLS 395

MLS Residential Brokerage Agents 395

Housing Wire

FEBRUARY 21, 2024

The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. HomeServices of America can preserve some of its legal war chest — for now, at least. Judge Andrea Wood of the U.S.

Brokerage 364

Brokerage MLS Commercial Residential 364

Housing Wire

JANUARY 19, 2024

Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Despite not being affiliated with NAR, MetroList adopted a rule similar to NAR’s Participation Rule, requiring listing agents to make a blanket offer of compensation to buyers’ brokers in order to list a property on the MLS. “By

MLS 367

MLS Residential Brokerage Agents 367

Housing Wire

JUNE 10, 2021

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. Non-MLS listings, including by REX, are relegated to other listings.

Purchase and sale agreement 373

Purchase and sale agreement MLS Brokerage Residential 373

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. However, it was better than the overall residential industry, which fell 20%, according to Greg Hart, chief operating officer at Compass. Revenue decreased by 10% year over year to $1.34 Revenue was revised down to $241.20

Principal 367

Principal MLS Agents Brokerage 367

Housing Wire

APRIL 23, 2024

The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement. But the settlement does provide a mechanism for brokerages to opt in to the agreement if they so choose, or they can negotiate their own settlement, as Compass and The Real Brokerage have recently done.

Brokerage 369

Brokerage Agents MLS Staging 369

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

MLS 396

MLS Residential Agents Industrial 396

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

MLS 385

MLS Residential As-is Industrial 385

Housing Wire

NOVEMBER 3, 2023

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 314

MLS Brokerage Property Management Agents 314

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. Who’s most exposed? If 1 million agents disappear?

Agents 478

Agents Purchase and sale agreement Brokerage Finance 478

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Unclear is whether the California MLS may renege its relationship with Glide. You could understand why other brokerages and agents wouldn’t be entirely convinced their data would be cordoned off.

Purchase and sale agreement 375

Purchase and sale agreement Agents Brokerage MLS 375

Housing Wire

MAY 3, 2021

“Zillow essentially concedes that NAR and MLS’s antiquated, anticompetitive rules are bad for consumers, but chose to close ranks and enforce them anyway.”. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales.

Brokerage 384

Brokerage Residential MLS Agents 384

RIS Media

MAY 8, 2023

Company culture is a hot topic these days as brokerages define what they do and how they do it, hopefully using their reputations to draw elite talent. It informs every aspect of businesses that rely on staff members working together as a team.

Brokerage 106

Brokerage Residential Agents As-is 106

Housing Wire

OCTOBER 31, 2023

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. No big deal, except for one thing: Almost all MLS information is already syndicated with every large real estate portal. Look around.

MLS 412

MLS Agents Industrial Technology 412

Housing Wire

OCTOBER 17, 2023

“The Mandatory NAR Rules impede the ability of a free market to function in the residential real estate industry, and the plain purpose and/or effect of the Rules is to raise, inflate, or stabilize commission rates.” But such an indirect claim is prohibited by Supreme Court case law.”

MLS 405

MLS Agents As-is Industrial 405

Housing Wire

FEBRUARY 22, 2022

It also comes as CoStar makes a rapid – and not totally clear – push into residential real estate. About 38% – or $722 million – of this revenue comes from subscriptions that developers, brokerages, attorneys, and other professionals pay to access CoStar’s picture-heavy database of commercial real estate. And the company reported $1.9

Residential 269

Residential MLS Commercial Brokerage 269

Housing Wire

AUGUST 7, 2023

Residential property transactions are manufactured with data components assembled from disconnected and diverse sources. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The GSE’s $8B profit in 2Q could buy most of the brokerage industry.

Lending 349

Lending Loans Technology Brokerage 349

Broke Agent Media

JANUARY 24, 2023

BAM Key Details: California Regional MLS, REcolorado and Bright MLS have combined forces to create Nestfully, which is set to launch in Q1 2023. The portal, designed and run by the residential real estate industry, is designed to offer “pristine listing data” for consumers—and will provide leads to brokerages for free.

MLS 98

MLS Brokerage Residential Design 98

GeekEstate

MARCH 31, 2021

The Agency is an LA based real estate brokerage specializing in luxury residential, new development, and resort listings nationwide. In 10 years of business, the independent brokerage has closed more than $9 billion worth of transactions. Today’s showcase: The Agency.].

Brokerage 102

Brokerage MLS Branding Residential 102

RIS Media

JULY 31, 2021

Register today for RISMedia’s next webinar: “How to Increase Your Brokerage Business in a Virtual World.” Virtual technology can boost your brokerage’s profitability in myriad ways, from agent recruiting and retention to improved systems at the agent and consumer levels—the digital space is brimming with opportunities.

Brokerage 94

Brokerage Technology MLS Branding 94

Housing Wire

JUNE 8, 2022

Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. The monitoring program, covering all 50 states, includes MLS listing data as well as public records from data aggregators.

Short sale 340

Short sale MLS Banks Loans 340

Realty Biz

OCTOBER 12, 2022

Greenfield & Behr Residential, a leading independent real estate company in Winchester and Frederick County, VA, announced today it has merged with Coldwell Banker Premier, a regional powerhouse serving Virginia, West Virginia, Delaware, Maryland, North Carolina, Washington, D.C. and Pennsylvania. And we did it,” Greenfield said. “We

Residential 81

Residential Commercial Branding Agents 81

Realty Biz

SEPTEMBER 28, 2023

in Greencastle, Indiana, the boutique brokerage serves residents in Central Indiana from the Indianapolis metropolitan area to Terre Haute, Lafayette and Bloomington and everywhere in between. Established in 2017, the brokerage is led by broker/owner and CEO Eric Wolfe, who has more than 15 years of real estate experience.

Brokerage 67

Brokerage Branding Technology Residential 67

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Broke Agent Media

MARCH 30, 2023

There are now seven plaintiffs, all home sellers who take issue with NAR policies, including the policy that requires listing brokers to offer buyer brokers a commission in order to list a property on the MLS. In an email statement to Inman , NAR spokesperson Mantill Williams expressed disappointment over the court decision. “Pro-competitive,

MLS 98

MLS Residential Agents Equity 98

Notorious ROB

SEPTEMBER 23, 2020

By now, you have probably heard the news that Zillow launched a “residential brokerage”, will join the MLS, and use the MLS IDX feed to power its dominant website. Read more Don’t Force Zillow Into a Corner… The post Don’t Force Zillow Into a Corner… appeared first on NotoriousROB.

MLS 98

MLS Brokerage Residential Technology 98

RIS Media

JANUARY 16, 2024

@properties | Christie’s International Real Estate—the largest residential real estate brokerage firm in Illinois and the eighth largest in the U.S.—is is the latest in real estate to face a class action lawsuit involving commissions in the wake of Burnett vs. NAR.

Residential 103

Residential Brokerage MLS Industrial 103

GeekEstate

MAY 9, 2022

Brokerages have long been reluctant to invest in structured and personalized career development programs due to a desire to keep costs down and fear of agents leaving their firm. In that role, I had the privilege of meeting and recruiting 1,500 top performing teams and agents from the smallest to the largest brokerages.

Brokerage 118

Brokerage Residential MLS Agents 118

RIS Media

MARCH 11, 2022

Gino Blefari , CEO of HomeServices of America, will deliver this important look at the current landscape for residential real estate, what to expect heading into the 4th quarter, and how things might change in 2023. Bringing the MLS/Brokerage Relationship Into the Future. Brian Donnellan , President and CEO, Bright MLS.

MLS 100

MLS Brokerage Technology Industrial 100

RIS Media

FEBRUARY 25, 2022

Sponsored By: Moderated By: Moderated by: Creig Northrop is the founder and chief executive officer of Northrop Realty, one of the nation’s most successful residential real estate brokers. Dumas and his team of agents was recognized as the Brokerage of the Year in 2020.

MLS 92

MLS Brokerage Industrial Residential 92

Realty Biz

OCTOBER 5, 2021

According to The Information , the FTC scrutinized Zillow over its market share and myriad aspects of the role it plays in the residential real estate market. The company’s platform is almost a backend technology that syncs with multiple MLS services.

MLS 84

MLS Residential Brokerage Agents 84

Housing Wire

NOVEMBER 22, 2021

Justice Department back in November 2020, and that DOJ withdrew from in July these were all regarding buyer’s agents being more transparent on how much they get paid (The one, arguably smaller, plank that did not make it through regarded lockbox access for non-MLS participants). or because this is what NAR’s 1.5

MLS 313

MLS Agents Residential Commercial 313