NAR settlement appeals add up as law professor signals new objection
University at Buffalo law professor Tanya Monestier on Monday informed Judge Stephen Bough she would follow in the footsteps of fellow objectors who have appealed the Nov. 26 ruling
Landmark NAR commission settlement faces first appeal
A day after the settlement received final approval from Judge Stephen Bough, an entity known as Spring Way Center along with several homesellers appealed the deal
by Jim Dalrymple II Dec 2
Decline in NAR membership, long expected, hasn't materialized yet
With 1,526,631 members as of Oct. 31, the National Association of Realtors is on track to end 2024 with its fourth-highest membership numbers on record. Next year, however, is a different story
by Taylor Anderson Nov 11
EXp punches back over criticism of 'sweetheart' commission deal
The virtual brokerage argued Tuesday that its settlement wasn't too small, and asked a court to reject attempts to force it back to the negotiating table
by Jim Dalrymple II Nov 5
Meet the stubborn homeseller dead set on making his FSBO work
Robert Kramer listed his home for sale without using an agent 3 years ago. The price is $200,000 above some estimates. He raises it $3,600 every month and is still waiting for the right buyer
by Taylor Anderson Oct 23
Maine team jumps to eXp Realty, citing commission suits as a reason
Steven Brackett and his 36-agent team have moved to the virtual brokerage. Brackett cited tools and training, as well as the commission lawsuits, as reasons that convinced him to make the move
by Jim Dalrymple II Oct 22
DOJ's data sharing statement has implications for MLSs, associations
The statement regarding a lawsuit against pork producers notes that the sharing of information among competitors could violate antitrust law 'even without proof of an agreement to fix prices'
by Lillian Dickerson Oct 16
NAR rival seeks agents for possible class action over Clear Cooperation
The American Real Estate Association is looking for those 'fined or otherwise harmed' by the National Association of Realtors' pocket listing rule and are interested in 'collective action'
by Andrea V. Brambila Oct 10
REcolorado sold to private buyer, cutting ties with Realtor orgs
MAZL, LLC bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association
by Taylor Anderson Sep 27
Clear Cooperation takes center stage, faces pressure to change
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules
by Jim Dalrymple II Sep 10
Offerpad CEO on the company's 4% solution for real estate agents
CEO Brian Bair said in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4% if a client takes the company’s cash offer and the home is updated and resold
by Taylor Anderson Aug 22
Law firms seek $36.8M out of $110M settlement pool in Gibson
In a filing outlining costs and expenses, plaintiffs' attorney Michael Ketchmark estimates he has spent 7,000 hours on Gibson and other commission suits for work totaling $10.1M since 2019
by Taylor Anderson Aug 21
American Real Estate Association debuts membership program
The association aims to offer an alternative to NAR and is launching its membership program when there is a 'lot of dissatisfaction with the status quo,' according to one co-founder
by Jim Dalrymple II Aug 15
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
by Jim Dalrymple II Aug 6
Trust in real estate hits ‘all time low:’ Coldwell Banker Realty CEO
Kamini Lane spoke to the crowd at Thursday's Inman Connect Las Vegas on industry perception and the prevalence of part-time 'slashies'
by Taylor Anderson Aug 1