Award per homeseller in Sitzer is about $913 and getting smaller
Over 491K homesellers have filed claims for a portion of the $700M raised by NAR, HomeServices and other settlements in Sitzer, with more to come before May 2025 deadline
by Taylor Anderson Nov 21
Mauricio Umansky: To be great, 'you have to dare to be bad'
The Agency CEO this week predicted more change ahead for the real estate industry, said agents are angry, and argued in favor of raising the bar for obtaining a real estate license
by Jim Dalrymple II Nov 18
EXp suffers setback in bid for 'sweetheart' commission deal
A judge has denied the brokerage's request for a stay in the Gibson case, saying a tactic the company is accused of using to settle a different suit involves a 'collusive element'
by Jim Dalrymple II Nov 14
Commissions held steady in 60 days after Aug. 17 deadline: Study
Commissions haven't changed much since the NAR settlement terms went into effect, but early signs show where things may be heading, dueling surveys by AccountTECH and Inman Intel show
by Lillian Dickerson Nov 14
Dozens of homebuyers may join a Florida-based commission suit
The Lutz case names HomeServices of America and Douglas Elliman as defendants. A new filing would add 31 additional plaintiffs — some of whom are involved in other cases
by Jim Dalrymple II Nov 14
Impact of NAR's commission rule change illuminated in Q3 earnings
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows
by Jim Dalrymple II Nov 12
Weichert follows eXp Realty's lead in settling commission lawsuits
Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit
by Jim Dalrymple II Nov 7
Mortgage segment stands tall as Zillow posts revenue growth in Q3
Zillow tallied $581M in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal's mortgage business hit $39M, a 63% increase from 2023
by Jim Dalrymple II Nov 6
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
Gibson commission case sees 4 more settlements
NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5M
by Jim Dalrymple II Nov 5
Former California indie brokerage Lyon rebrands to Windermere
The Sacramento-based company will operate using the name 'Windermere Signature Properties' nearly 4 years after its acquisition. The firm boasts more than 700 agents, as well as 14 offices
by Jim Dalrymple II Nov 5
Real estate myths BUSTED in 2024
Opinion
Cara Ameer writes that it's more important than ever to tout the truth and legitimacy of what is involved with what real estate agents really do and what they are worth
by Cara Ameer Nov 4
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
The real estate industry is more politically split than you think
Amid a tumultuous year for the industry, Realtors have donated millions to political causes — and Democrats have managed to collect more than Republicans from the industry's rank and file
Homie
Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot
by Taylor Anderson Oct 21