Buyer agents are already cutting commissions: The Download
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone
by Christy Murdock Feb 17
Commissions may be going up, but are agents making less?
Opinion
As major brokerage brands settle the bombshell commission lawsuits, real estate agents will be discussing their commissions more than ever before
by Teresa Boardman May 16
Court thwarts NAR, orders execs to turn over evidence in REX case
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
KW demands REX turn over audio recordings in commission suit
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
REX asks court to toss NAR countersuit on First Amendment grounds
The discount brokerage filed paperwork in a federal district court in Seattle that argues its opinions challenging the legality of the National Association of Realtors' rules are protected speech
by Andrea V. Brambila Feb 23
Clever Real Estate raises $8M in Series B, eyes mortgages
The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year
Why REX pays buyer agents and uses MLSs — sometimes
REX's general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40% of its list-side transactions
Stop calling NAR and Zillow a ‘cartel,’ judge tells REX
A judge also denied REX's request for a preliminary injunction against NAR and Zillow. REX asked for the injunction after arguing it was the victim of anticompetitive practices
by Jim Dalrymple II Jun 9
Flat-fee brokerage Houwzer expands into Tampa
This will be the brokerage's second foray into Florida, after moving into Orlando in the summer of 2020
'Big win for discount brokers': How low-fee firms benefit from DOJ suit
Transparency around commissions could force more brokerages to compete on price in addition to service, chief executives at several low-fee brokerages told Inman on Friday
by Patrick Kearns Nov 20
Amid discrimination lawsuit, agents criticize Redfin pricing policies
Fair housing advocates sued Redfin this week over allegations of racial discrimination. On Friday, agents told Inman the online brokerage should be working harder to fix the problem. 'The business model ends where people’s housing rights begin,' one said
by Jim Dalrymple II Oct 30
Discount brokerage Trelora expands into Raleigh
The Denver-based brokerage recently announced it would expand into Raleigh, North Carolina, after operating offices in Colorado and Washington
Why eXp’s top tech exec joined flat-fee rival Redefy
Scott Petronis left eXp Realty after 2 years to join a Colorado-headquartered discount brokerage. He says if the industry doesn’t refocus on consumers, it’s in for a ‘rude awakening’
by Patrick Kearns May 8