Housing Wire

MARCH 28, 2024

District Court Northern District of Illinois Eastern Division before Judge Andrea R. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

MLS 335

MLS Industrial Agents As-is 335

Housing Wire

NOVEMBER 8, 2023

The Missouri judge who oversaw the landmark Sitzer/Burnett real estate commission lawsuit will also preside over the Gibson lawsuit brought by Michael Ketchmark, who represented the plaintiffs in Sitzer/Burnett. We’re extremely focused on making sure any change that comes from this is real change.” Accepted by the court on Oct.

Brokerage 394

Brokerage MLS Industrial Agents 394

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions.

MLS 377

MLS Brokerage Industrial Sales 377

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). On Wednesday a U.S.

MLS 490

MLS Brokerage Agents As-is 490

Housing Wire

MARCH 8, 2024

Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. Lisa is super on the pulse. Millions are expected to be sent out across America. “If

Agents 380

Agents MLS As-is Title 380

Housing Wire

MAY 8, 2024

District Court for the Northern District of Illinois Eastern Division, where the case was originally filed in January 2021. The Batton plaintiffs filed a motion for a temporary restraining order and preliminary injunction on Wednesday in Chicago’s U.S.

Purchase and sale agreement 342

Purchase and sale agreement Residential Brokerage Development 342

Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. The study, CFA’s third of three on this topic, suggests that a significant portion of agents in the U.S.

Agents 409

Agents Sales Residential Commercial 409

Housing Wire

FEBRUARY 9, 2023

A regulator in Illinois has suspended the MLO license of industry veteran Michael Strauss and the license for his mortgage company, Smart Rate Mortgage, essentially blocking the company from operating in the state, according to the Nationwide Multistate Licensing System (NMLS). Strauss’s MLO license in the state was issued on December 28.

Residential 309

Residential Investor Finance Banks 309

Housing Wire

SEPTEMBER 18, 2023

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. RE/MAX’s settlement agreements, as well as the earlier settlement agreements reached by Anywhere Real Estate , must be approved by the U.S.

MLS 479

MLS Branding Agents Brokerage 479

Housing Wire

SEPTEMBER 20, 2023

Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.

MLS 373

MLS Agents As-is Finance 373

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015.

Mortgages 339

Mortgages Pre-approval Lending Loan Officer 339

Housing Wire

APRIL 6, 2023

Mortgage executive Michael Strauss and his company, Smart Rate Mortgage , have appealed a decision from an Illinois regulator to suspend their licenses to operate in the state. The company received a residential mortgage broker license in Illinois on November 1, 2022. Meanwhile, the licenses remain active.

Residential 276

Residential Investor Loans Mortgages 276

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. District Court judges in Illinois (Moehrl) and Missouri (Sitzer/Burnett), who are overseeing the two lawsuits. Before the agreements are finalized they must be approved by the U.S.

MLS 411

MLS Agents Industrial As-is 411

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. Judge Stephen R. Bough of U.S.

MLS 293

MLS Brokerage Property Management Agents 293

Housing Wire

APRIL 26, 2022

residential real estate economy as we know it is far from cooked, but a judge has turned on the front burner. Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. The defendants?

Brokerage 314

Brokerage Residential Agents Equity 314

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. And Rocket is well aware.

Loan Officer 352

Loan Officer Purchase and sale agreement Loans Mortgages 352

RIS Media

DECEMBER 14, 2023

Above, Janell Schmittling Janell Schmittling—managing broker of Homes by Janell in O’Fallen, Illinois—is a firm believer in coaching. Schmittling landed in real estate after graduating from college and taking a job as an assistant to a REALTOR® who encouraged her… The post Optimized to Sell appeared first on RISMedia.

Land 97

Land As-is Industrial 97

Housing Wire

NOVEMBER 3, 2021

Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. Gross profit for the quarter came in at $79.5

Lending 310

Lending Brokerage Loan Officer Residential 310

Realty Biz

DECEMBER 4, 2023

Century 21 Real Estate LLC., a global industry leader and the most recognized name in real estate*, is proud to welcome a new affiliate, Central Illinois-based brokerage, Green Acres Real Estate, as the company is set to host the grand opening of its third office. Located at 210 S.

Branding 67

Branding Brokerage Development Agents 67

Housing Wire

APRIL 30, 2021

Sellers know they can ask a lot for their homes because the demand is “the craziest it’s ever been,” said John Diaz, a broker with MyHomeGroup in Arizona. “People are moving here from California, Colorado, Illinois, which historically always happens down here, but not at a rate like this,” he said.

Marketing 541

Marketing Land As-is Agents 541

The Close

AUGUST 15, 2020

Are you considering a career change and wondering how to become a real estate agent in Illinois? Sure, you’ll be required to take 90 hours of prelicensing coursework and pass the Illinois Real Estate Broker Examination. Apply for the Illinois Real Estate Broker Examination.

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Agents Brokerage Property Management As-is 77

The Close

JUNE 4, 2024

Becoming a real estate agent is an exciting journey that involves mastering the real estate market and adapting to client needs. While all types of real estate agents are required to take education courses to earn a real estate license, you can choose to work in different roles, each requiring a unique set of skills.

Agents 56

Agents Purchase and sale agreement Commercial Title 56

Realty Biz

OCTOBER 25, 2022

Better Homes and Gardens Real Estate Connections today announced that County Line Properties in Hinsdale, IL, has joined the company and will now operate as Better Homes and Gardens Real Estate County Line. Jennifer Valentino, Managing Broker, Better Homes, and Gardens Real Estate Connections. “As

Branding 74

Branding Development Agents Brokerage 74

RIS Media

APRIL 26, 2022

Fathom Realty has announced the addition of several new leaders to its Broker Operations team. The company says Kinney uses her experience and passion for education to support her agents in growing their unique brand and business, as highlighted in a recent Charlotte Real Producers article. Gina Stoudt, Central Illinois District.

Brokerage 82

Brokerage Branding Industrial Agents 82

RIS Media

APRIL 16, 2022

What: As the real estate market continues to consolidate, brokers are faced with the challenge of fewer transactions, ultimately leading to less money-making opportunities for their agents and companies. In this webinar, brokers will learn how to make their agents more competitive and add more value to win listings.

Short sale 78

Short sale Commercial Land Agents 78

The Close

AUGUST 17, 2022

Real estate license reciprocity allows a real estate licensee in one state to fast-track the process of getting their license in another state. Real estate license reciprocity allows licensed real estate agents to essentially transfer their licenses to a new state (typically, without going back to school).

Purchase and sale agreement 98

Purchase and sale agreement Brokerage Agents As-is 98

Real Trends

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). On Wednesday a U.S.

MLS 96

MLS Brokerage Agents As-is 96

The Close

NOVEMBER 16, 2020

Working as a real estate salesperson is an excellent choice if you want a flexible schedule and the opportunity to work from just about anywhere. We understand that you’re ready to dive into your new real estate career, but before you do, there’s a few steps you need to complete before you can oversee your first sale.

Pre-approval 61

Pre-approval As-is Agents Technology 61

The Close

JULY 25, 2023

Trying to capture hard numbers on an average real estate agent salary is like trying to nail Jell-O to a wall: messy and imprecise. But here at The Close, we developed a salary database tool that gives unique insight into real estate agent salaries in each state—and we bet the results will surprise you.

Agents 88

Agents Brokerage As-is Industrial 88

RIS Media

AUGUST 10, 2021

In this Q&A, learn how a real estate team of 11 agents has grown to 25 at its own brokerage under the RE/MAX umbrella. Broker/Owner, RE/MAX Rising. Bloomington, Illinois. Region served: Central Illinois. Years in real estate: 25. Email him your real estate news ideas to jdoris@rismedia.com.

Brokerage 98

Brokerage Branding Development Agents 98

RIS Media

APRIL 6, 2021

United® Real Estate’s company-owned operations have recently been recognized as the eighth largest residential real estate brokerage in the nation ranked by number of transactions. The post United Real Estate Ranks 8th Largest in Nation appeared first on RISMedia. We are very proud of Team United!”

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Brokerage Principal Residential Sales 95

The Close

JUNE 6, 2023

What’s the difference between a real estate broker versus an agent? Think of a broker as a leveled-up agent. An agent can perform real estate tasks for their clients, but only while under the supervision of a broker. Being a broker comes with perks but also a lot of responsibility.

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Agents Brokerage Title Closing 98

The Close

JANUARY 25, 2022

According to Salary.com and Indeed.com, the average real estate broker salary in the United States is $68,256. In addition to a base salary, managing real estate brokers in the U.S. California brokers lead the nation, earning a median income of $127,556, inclusive of both salary and commissions.

Brokerage 98

Brokerage Closing Agents Sales 98

Real Trends

APRIL 25, 2022

residential real estate economy as we know it is far from cooked, but a judge has turned on the front burner. Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher. The defendants?

Brokerage 100

Brokerage Residential Agents Equity 100

RIS Media

JANUARY 27, 2022

s top residential real estate brokers to gauge their confidence in their own business and the overall market, on a scale from 1 – 10. After polling more than 3,000 residential brokers, we can conclude that despite some mounting concerns, the overall state of confidence remains high during the doldrums of winter.

Residential 86

Residential Agents Industrial As-is 86

RIS Media

MARCH 14, 2022

Some 17,000 leading real estate executives from more than 100 countries are expected in Cannes, for the four-day annual gathering of the global real estate industry. commercial real estate between the fourth quarter of 2020 and the third quarter of 2021. billion of U.S. To learn more, visit www.hgar.com.

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Investor Commercial Development Industrial 86

Real Trends

AUGUST 28, 2023

She ranked 102nd in the 2023 RealTrends ranking of the top agents in Illinois by volume. I’m excited to be working alongside the top real estate agents in Chicago and look forward to tapping into the Compass tools that are proven to scale agent business ,” Hodge said in a statement. Her sales volume was of $25,146,500 in 2022.

Brokerage 52

Brokerage Agents Sales Marketing 52