Housing Wire

OCTOBER 20, 2023

So far, week one of the Sitzer/Burnett bombshell class action antitrust buyer broker commission lawsuit has seen four of the five named plaintiffs testify in front of the jury. On the home sale at issue, Ellis said she paid 6% commission on the home sale. She did a good job for him [the buyer], but I had to pay her commission.”

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Equity Agents Sales MLS 395

Housing Wire

JANUARY 26, 2024

Sparks and personal insults flew between Anthony Lamacchia , the broker-owner of Lamacchia Realty , and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit , during their virtual debate hosted by HousingWire on Friday afternoon. If it’s not collusion, then what is it?”

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MLS VA loan Agents As-is 427

Housing Wire

DECEMBER 1, 2023

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” REBNY remains deeply committed to supporting and protecting your work.”

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Brokerage Agents Industrial As-is 381

Housing Wire

OCTOBER 25, 2023

It has been an eventful and drama-filled 24 hours in Kansas City, Missouri, for the Sitzer/Burnett class-action antitrust buyer broker commission lawsuit. This “technique” is a script Dalton claimed to use in response to a seller asking him to cut his commission. I’m not speaking for him. Ketchmark knows better.”

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As-is Design MLS Finance 372

Housing Wire

NOVEMBER 17, 2023

Nearly four months after filing a motion for summary judgment in the Nosalek commission lawsuit , HomeServices of America finally has a response back from the plaintiffs. During the podcast episode, which is from September 2019, Dalton is asked if he has a technique for when clients ask him to cut his commission.

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MLS Agents As-is Industrial 382

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. The study attributes the “apparent uniformity of commission rates” to collusion. Co-opetition.’”

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Agents MLS Brokerage Equity 395

Housing Wire

OCTOBER 17, 2023

NAR argues that the current commission structure, which has been in place for over 100 years , helps consumers. In doing so, the two firms joined Redfin , who is not a defendant in these suits, in leaving the trade group. According to the two settlement agreements, the firms are no longer allowed to require agents to belong to NAR.

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MLS Industrial Agents As-is 380

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

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Agents Loan Officer Lending MLS 390

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

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Agents Sales Finance As-is 423

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. The Moehrl antitrust class action was filed in 2019 in the U.S.

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MLS Brokerage Property Management Agents 311

1000Watt

DECEMBER 8, 2023

Some focus on “defending” commissions. It’s making your opponent’s argument for them. If one is confident in the value of a buyer’s agent, why in the world would you focus on commissions? Another punch that doesn’t land: “Commissions are negotiable!”. Our punches aren’t landing. This isn’t smart. Yes, they are.

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MLS Land Agents As-is 122

Housing Wire

APRIL 12, 2022

In one example, TransUnion advertised to consumers, “If your score is 580 or better, you can apply for a government-backed loan with the Federal Housing Administration.” The CFPB’s unrealistic and unworkable demands have left us with no alternative but to defend ourselves fully.”.

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Mortgages Loans Design As-is 380

Lighter Side of Real Estate

AUGUST 3, 2022

When you’re selling your house, you want to make as much money as you can, as quickly as possible, and with the least amount of interruption to your life. The post If It Sounds Too Good to Be True, Trust Your Real Estate Agent, Not an iBuyer appeared first on Lighter Side of Real Estate. It’s probably too good to be true….

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Agents Sales As-is Closing 107

Realty Biz

NOVEMBER 1, 2022

One of the greater mysteries in the real estate industry is the commission consumers pay when engaging the services of an agent. When you buy or sell a house, a commission will be paid. What is the average Realtor commission ? We will look at everything you need to know about real estate commissions. But how much?

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Agents Sales Inspection As-is 113

RIS Media

APRIL 27, 2022

” NAR isn’t alone in that fight, as Realogy and Keller Williams—also defendants in the case—plan to take similar actions. “The case is far from over, and we will continue to defend ourselves in court vigorously.” At issue is an MLS policy that the case file referred to as the “Adversary Commission Rule.”

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MLS Industrial Agents Finance 98

RIS Media

SEPTEMBER 8, 2020

Check your cell phone’s signal strength on the premises before the open house. Say, for example, “The kitchen is on your left,” and gesture for them to go ahead of you. Notify someone in your office, a friend or a relative that you will be calling in every hour on the hour. Use these tips to stay safe: 1.

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Agents Inspection 105

The Residential Specialist

AUGUST 19, 2022

Commission fees have become a testy topic in the industry, so here’s how to determine a rate that’s right for you. Around the country, this is what agents are hearing from sellers when they discuss commission. While many say it’s nothing new, data suggests real estate commission rates have been dropping for years.

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Agents Closing costs Staging Land 52

RIS Media

SEPTEMBER 13, 2021

Real estate is central to the American economy and consumers pay billions of dollars in real estate commissions every year. Enabling buyer brokers to filter MLS listings based on the level of buyer broker commissions offered. Enabling buyer brokers to filter MLS listings based on the level of buyer broker commissions offered.

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MLS Equity Closing Development 105

Notorious ROB

APRIL 2, 2023

I’m going to limit my thinking to the two big commission lawsuits: Burnett and Moehrl. If suing in states/areas that Moehrl does not cover, the lawyers might be able to sue the same defendants, since people in those markets would not be covered by the Moehrl ruling.

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MLS Brokerage Agents Industrial 98

RIS Media

MARCH 29, 2021

Learn more from one of our speakers, David Knox: The following sessions will get you prepared with actionable insights you can implement in your own business: Broker Track: Elevate your Business: How to Compete Against Wall St., Agent Track: How to Defend Your Value Proposition and Protect Your Commission.

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Agents Brokerage Industrial Equity 98

RIS Media

JUNE 13, 2021

The court also directed REX to stop referring to NAR and Zillow as a “cartel,” which was a significant point in a commissioned article published in the UC Berkeley Business Law Journal (BBLJ) that the company paid for. Email him your real estate news to jgrice@rismedia.com. Jordan Grice is RISMedia’s associate content editor.

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MLS Brokerage As-is Sales 90

Real Trends

DECEMBER 2, 2022

Your guess is as good as mine about what’s going to happen,” she said. For buyer’s agents getting a signed buyer agreement requires a careful conversation about the amount of time you will be spending with your buyers to find them their dream home. You need a document that binds you to these buyers and guarantees your compensation.

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Agents Brokerage As-is Design 72

RIS Media

MARCH 10, 2021

– “The State of Real Estate: Market Conditions and Outlook in Key Regions” – “Elevate Your Business: How to Compete Against Wall St., – “The State of Real Estate: Market Conditions and Outlook in Key Regions” – “Elevate Your Business: How to Compete Against Wall St.,

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Branding Technology Agents Development 98

Real Trends

MAY 23, 2022

.” It affects “countless businesses,” the Chamber of Commerce declared in the brief that supports NAR’s appeal of class certification, namely co-defendant brokerages and the independent contractor agents who act as their own entrepreneurs. The commission debate is also in Washington D.C. Other agents echoed this frustration.

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Agents Purchase and sale agreement Equity Brokerage 80

Lab Coat Agents

MARCH 2, 2021

All you need to do is to find the core reason your prospect is resisting so you can answer their deepest questions and help put them at ease. Ready to nip those objections in the bud and boost your bottom line? The Money Objection: Overcoming real estate commission objections. Can you lower your commission?”.

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Purchase and sale agreement Agents Sales As-is 105

Housing Wire

NOVEMBER 16, 2023

The monumental verdict in the Sitzer/Burnett commission lawsuit trial may finally be the giant-killing blow against the National Association of Realtors (NAR). The question is whether their value is commensurate with the commission that they receive as an effective entitlement. Talk about a conflict of interest.

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MLS Residential Technology Agents 407

Realty Biz

APRIL 13, 2021

For knowing your strengths to exploit them to the maximum without neglecting that you must work on your weaknesses so that they stop being so. However, in this case, he does not have any fixed salary, his income depending solely on the variable percentage, the commission of the real estate broker. The simple truth is that NO.

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Agents Commercial As-is Finance 93

Fancy Pants Homes

APRIL 21, 2023

What’s your favorite movie home of all time? If you make a purchase after clicking on one of the links in this article, we might earn a commission from the sale. A staple of our childhood, the Flinstones had the most distinctive home of all, carved in a block of stone and guarded by your friendly pet dinosaur, Dyno.

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As-is Title Staging Sales 105

The Close

SEPTEMBER 8, 2022

From wide-eyed newbies who just got their license to brokers with yearly gross commission income (GCI) in the billions —I’ve talked to pretty much every kind of agent that exists. Leverage Technology to Lower Your Cost per Lead by 20%. Click below to schedule a demo to learn more about lowering your cost per lead with CINC.

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Branding Brokerage Agents Principal 111

Realtor.com

NOVEMBER 20, 2020

Here’s how they strike that balance, and the take-home lessons that might apply to your own abode, too. However, Anstead defends the choice by saying that Spanish-style homes are usually darker and that, when paired with the other materials they’ve chosen, like the colorful backsplash, the cabinets will fit right in.

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Renovation Design Closing costs Staging 66

Housing Wire

FEBRUARY 29, 2024

We might generate a loan estimate when we create a loan in our system, when you have an offer accepted, or we’re actually going to move forward and send you your initial disclosures.” Quite honestly, we would adopt a more lenient and flexible approach to pricing exceptions if regulations allowed for commission adjustments based on revenue.

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Loan Officer Mortgages Lending Loans 398

Housing Wire

SEPTEMBER 3, 2021

How Your Brokerage Can Evolve to Meet Ever-Changing Industry Forces. The Austin, Texas-based brokerage, which hires salaried agents and advertises offering consumers a reduced commission payment, claims its sales “plummeted” since Zillow’s rule. NAR responded to questions with a written statement from spokesperson Mantill Williams. “We

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Purchase and sale agreement MLS Brokerage Agents 431

The Close

JANUARY 22, 2024

Now might be exactly the time for your client to buy a house (if you, their accountant, mortgage broker, and spouse all agree). Agents, this is the moment to consistently remind your leads why this is the time to buy or sell and why you are the agent to help them. This is a unique moment in the market—and it could be your moment.

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Marketing Purchase and sale agreement Agents New Construction 82

RIS Media

SEPTEMBER 20, 2021

Arkansas’s real estate commission explicitly states that no state law requires disclosure of specific information about their property, including floods and natural disasters. Email him your real estate news ideas to jwilliams@rismedia.com. ” ARKANSAS — GRADE: F. COLORADO — GRADE: F.

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Design Purchase and sale agreement Agents Seller disclosure 110

Housing Wire

JUNE 28, 2021

But no AMCs appear filed as publicly traded companies with the Securities and Exchange Commission , and no AMCs seem to have a public profile. It is a hard pill to swallow, giving up half your pay.”. Hundreds of AMCs are registered in each state. For example, California has 227. The next AMC branding campaign will be the first. “It

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Bankruptcy Loans Industrial Mortgages 403

Realtor.com

MARCH 9, 2021

After a Maryland Public Service Commission investigation determined IDT couldn’t verify certain information about Mr. Medley’s decision to sign up for their service, the company agreed to repay Mr. Medley $2,635.10. Now, if you haven’t chosen a supplier, sir, then your rate right now is a variable rate on your bill.

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Purchase and sale agreement Residential Industrial Agents 63

HomeLight

JULY 11, 2022

You can take the best safety practices and use them to get more listings and grow your business. This week on The Walkthrough , safety expert Tracey Hawkins gives a masterclass in preventing dangerous situations and using safety to grow your business. Number one, your job is really unsafe. Leave a Review. Full Transcript.

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Agents As-is Brokerage Title 94