DOJ to Nosalek judge: Broker commissions should be decoupled
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly
WATCH: Anywhere's sitting pretty after Sitzer | Burnett settlement
Find out why CEO Ryan Schneider sees the decision to settle as offering a 'competitive advantage' for his company's agents and brokers
by Christy Murdock Feb 16
Anywhere posts declining revenue, losses in 'incredibly tough housing market'
The real estate brokerage and franchisor posted $5.6B in revenue during a grueling 2023 while losses improved to $97M, according to a full-year earnings call on Thursday morning
by Ben Verde Feb 15
'The vibe is pretty good' as first earnings season of 2024 kicks off
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023
by Jim Dalrymple II Feb 14
Anywhere Real Estate appoints new chief technology officer
Former Capital One executive Rudy Wolfs is Anywhere's new chief technology officer. Wolfs will lead the franchisor's tech and product strategy
by Marian McPherson Feb 13
Utah homeseller files commission lawsuit against NAR, 13 others
The complaint — one of nearly two dozen targeting real estate's commission-sharing structure — alleges 'most' buyer agents will steer clients away from listings that offer lower commission
by Taylor Anderson Feb 12
Anywhere expands board with investment firm leader Joseph Lenz
Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere's board this week after the franchising giant added a seat
by Jim Dalrymple II Feb 9
NAR president: The DOJ is a 'bigger problem' than $1.8B Sitzer verdict
In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it 'forced down our throats'
NAR signals more declines to come after 3rd-straight membership dip
NAR Chief Economist Lawrence Yun warned of 'further declines in membership over the next 24 months' said after NAR posted a 2.1% annual membership decline last month
by Taylor Anderson Feb 6
HomeServices wants US Supreme Court to weigh Sitzer | Burnett case
The franchisor filed a petition to the Supreme Court requesting the review of an earlier appeals court ruling barring it from enforcing arbitration agreements signed by seller clients
The best insights, advice and highlights for brokers from ICNY
From practical tips to perspectives on the current market and facing adversity, these takeaways will help give brokers an edge in the competitive real estate industry
by Jessi Healey Feb 1
Keller Williams settles Sitzer, Moehrl commission suits for $70M
Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR
Corcoran hires Scott Mitchelson as SVP of global development
Mitchelson will work with the Corcoran Affiliate Network's sales team to lead strategic growth through the addition of new Corcoran affiliates
by Ben Verde Jan 29
Attorney lays out how real estate can survive the commission suits
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements
by Andrea V. Brambila Jan 26
Anywhere CEO touts 'protection' from commission suit chaos
Ryan Schneider celebrated his company's settlements in several high-profile commission cases while on stage at inman Connect New York
by Lillian Dickerson Jan 24