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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

MLS 475
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Where the NAR is losing members

Housing Wire

31, 2023, NAR lost 26,367 members, a 1.67% annual decline, according to NAR’s monthly membership report. On a state-by-state basis, Washington state posted the largest yearly percentage decline, with NAR membership within the state dropping 9.5%, as the trade group lost nearly 2,200 members in the state. Of all 50 U.S.

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Brokerage executives double down on their lead generation strategies

Housing Wire

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 375
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NAR membership continues to slide in 2024

Housing Wire

In January, NAR membership dropped 2.5% January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021.

Agents 415
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Experts weigh impact of commission lawsuit verdict on future of NAR membership

Housing Wire

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. In about half the U.S., In about half the U.S.,

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Brokerage leaders adjusting to commission changes: Q2 BrokerPulse

Housing Wire

Training and production top challenges Training real estate agents on new business practices resulting from the NAR commission settlement is tops when it comes to brokerage challenges. That’s no surprise since agents will have to learn how to articulate their value and be better negotiators when it comes to compensation.

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Newest commission lawsuit doesn’t seek class-action status

Housing Wire

Defendants in the lawsuit include the National Association of Realtors (NAR), the Real Estate Board of New York (REBNY), HomeServices of America , Compass , eXp World Holdings , Douglas Elliman , Halstead Real Estate , Brown Harris Stevens Residential Sales and Realty One Group. according to the complaint.