Redfin in crosshairs as new lawsuit targets buyer-broker commissions
California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the 4 years before Redfin announced it was leaving NAR, according to a suit filed in federal court
by Andrea V. Brambila Feb 27
What the biggest names in real estate really thought of 2023
As real estate dives into the new year, 14 of the industry's top leaders looked back on mortgage rates, slow sales, antitrust suits, NAR drama and other headline-making stories from 2023
by Marian McPherson Jan 2
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
Georgia homesellers file yet another antitrust commission suit
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict
by Jim Dalrymple II Nov 28
New bombshell lawsuit targets Texas Realtor orgs, local teams
A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants
by Jim Dalrymple II Nov 14
NAR President addresses Realtors for first time since Sitzer verdict
In a 5-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead
by Marian McPherson Nov 8
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
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
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
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A federal judge struck down charges that defendants conspired to 'fix,' 'maintain' and 'increase' prices for buyer brokerage services, but allowed claims they sought to 'control' prices to proceed
by Andrea V. Brambila Sep 29
'Stop arguing and start adjusting': Agents react to class-action ruling
From 'NAR is toast' to 'don't make any rash decisions,' real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday
by Andrea V. Brambila Mar 31
NAR-DOJ ruling divides agents over commission, pocket listing rules
Agents and brokers who spoke to Inman following the ruling in favor of NAR disagreed on who is 'overreaching' in the case and on whether changes to the controversial rules are necessary
Commission study paid for by HomeServices comes under fire
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
by Andrea V. Brambila Jul 27
Northwest MLS eliminates broker commission sharing as default
Effective Oct. 3, NWMLS's forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid
by Andrea V. Brambila Jul 22
Appeals court rejects NAR class certification challenge in lawsuit
The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023