Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett
The US Supreme Court denied the real estate franchisor's request for consideration on Monday, but the plaintiffs won't be able to lay $4.7B in damages at HomeServices' feet — at least not yet
by Andrea V. Brambila Apr 15
Will lawsuits end 6% commissions? Probably not, 1 law professor says
A provision in NAR's settlement barring listing agents from offering buyer agents compensation is 'largely symbolic,' USC professor Jordan Barry said Friday at a University of Minnesota conference
by Jim Dalrymple II Apr 15
Judges decline to 'centralize' commission lawsuits for now
A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request
by Taylor Anderson Apr 12
President Kevin Sears pulls back curtain on changes ahead for NAR
On the 'Real Estate Insiders Unfiltered' podcast Tuesday, Sears said interim CEO Nykia Wright has agreed to extend her contract through the end of 2024 as NAR executives focus on the road ahead
by Taylor Anderson Apr 10
The NAR settlement would bring ‘significant benefits’ to buyers: CFA
That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. But some benefits require changes from mortgage lenders, consumer watchdog says
by Taylor Anderson Apr 5
DOJ can reopen its investigation into NAR, appeals court rules
In another loss for the National Association of Realtors, the court ruled the US Department of Justice can reopen its investigation into rules around commission sharing
by Taylor Anderson Apr 5
Leo Pareja tapped as eXp Realty's new CEO, relieving Glenn Sanford
Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings
by Jim Dalrymple II Apr 5
It's up to you to make lemonade out of a sour NAR settlement situation
Consumers have been given a front-row seat to the chaos unfolding in our industry, Rachael Hite writes. As the situation unravels, who will make lemonade and who will feast on sour grapes?
by Rachael Hite Apr 5
How great agents win in the face of NAR settlement misinformation
Consumer misconceptions post-NAR settlement are wild. Jimmy Burgess talks to Keeping Current Matters CEO David Childers on how to communicate with today's buyers and sellers
by Jimmy Burgess Apr 4
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
California legislator proposes $1.25B affordable housing bill
Rep. Adam Schiff announced The Affordable Housing Conversion Act on Tuesday, which allocates $1.25B over 5 years to convert government-owned buildings into affordable housing
by Marian McPherson Apr 2
NAR's settlement paints a murky commission picture for consumers
CEO Sean Frank writes that an unintended consequence of new MLS changes is that real estate transactions become less transparent to the buyers and sellers they're meant to serve
by Sean Frank Apr 2
T3 Sixty nixes this year's Mega 1000 list in wake of NAR settlement
The move comes 2 weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved
by Jim Dalrymple II Mar 29
RE/MAX President: 'It's time to take back our No. 1 market share'
In her first keynote as RE/MAX president, Amy Lessinger addressed market headwinds, buyer-broker commissions, homebuyer agreements and plans to revive the franchisor's US operations
by Marian McPherson Mar 28
Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
The plaintiffs and defendants in the antitrust commission case indicated they would be available for a 3- to 4-week trial beginning Jan. 21, 2025, according to court filings earlier this week
by Andrea V. Brambila Mar 28