Commission lawsuits are piling up. Keep track of them all right here
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
by Jim Dalrymple II Nov 10
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
RE/MAX sees revenue decline for 5th consecutive quarter
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
Will Q3 earnings keep real estate mired in a 'Groundhog Day' loop?
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
by Jim Dalrymple II Nov 1
Jury awards $5B to homesellers in landmark Sitzer | Burnett verdict
Jurors in the 2-week commission trial shocked the real estate industry Tuesday, awarding an astonishing $5.36B in damages to homesellers after deliberating for 2 hours and 28 minutes
by Andrea V. Brambila Oct 31
Sitzer | Burnett closing arguments wrap as judgment day approaches
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions
by Andrea V. Brambila Oct 31
Gary Keller takes stand in person as Sitzer | Burnett verdict nears
Keller Williams co-founder Gary Keller provided lengthy testimony Friday as the defense wrapped up a case to be decided by a Kansas City jury later this week
Anywhere, RE/MAX agree to settle Nosalek commission lawsuit
New legal filings propose that MLS PIN class members from the Nosalek lawsuit be included in the 'substantive terms' of the Sitzer/Burnett and Moehrl settlements with Anywhere and RE/MAX
by Lillian Dickerson Oct 25
'Rabbit gets the gun': The essential guide to Week 1 of Sitzer | Burnett
Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri
by Jim Dalrymple II Oct 23
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer|Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more
by Inman Oct 16
Full court press: What to know as the Sitzer | Burnett trial unfolds
The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won't see — it's all here as the long-awaited Sitzer | Burnett commission trial unfolds this week
by Andrea V. Brambila Oct 16
Your commission's on trial. Here's what to know: The Download
The bombshell buyer commission trial is finally here. We're making sure you're all caught up before it begins this week
by Christy Murdock Oct 14
'Modest' commission proposals are insufficient, says watchdog
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive commission landscape
'The fallout has gotten crazy': Cold feet cited for rise in dashed deals
Nearly 60,000 home purchase contracts were canceled during August, according to Redfin. But real estate agents told Inman that buyer uncertainty and inexperienced new agents are to blame
by Ben Verde Oct 9
RE/MAX becomes 3rd major firm to distance itself from NAR
In announcing details of its settlement in the bombshell commission suits, the franchisor said agents and brokerages 'have the freedom to set and/or negotiate commissions as they see fit'
by Taylor Anderson Oct 6