Defendants fight to get homebuyer commission suits tossed
The National Association of Realtors, Keller Williams, Anywhere, RE/MAX, Compass, eXp and others offered a slew of arguments for why the Batton 1 and Batton 2 cases should be thrown out
by Andrea V. Brambila Apr 19
Leo Pareja tapped as eXp Realty's new CEO, relieving Glenn Sanford
Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings
by Jim Dalrymple II Apr 5
New commission lawsuit in New York may draw FTC attention
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied
Compass to pay $57.5M to settle commission lawsuits
The news comes 1 week after NAR's whopping $418M settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement
by Lillian Dickerson Mar 22
EXp Realty paid $232M in revenue, equity share to agents in 2023
EXp Realty's agents and brokers received $232M in revenue share and equity benefits in 2023. The year's payout was a 4% decrease from 2022
by Marian McPherson Mar 12
Howard Hanna dismissed from mother of all commission suits
Howard Hanna had been one of several defendants in a case known as Batton 2, which was brought by homebuyers and has a much larger scope than some better-known cases
by Jim Dalrymple II Mar 6
Berkshire Hathaway Energy added to growing Gibson commission suit
Amended complaint alleges Warren Buffett's company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy
Sexual assault complaint stresses Sanford's 'control' over eXp agents
Judge finds 4 agents have plausibly alleged that eXp Realty founder and CEO Glenn Sanford attempted a 'cover up' of alleged rapes by top agent recruiters in order to financially benefit
The biggest wins, losses and news from Q4 2023 earnings
Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10B year, we’ve rounded up the top stories all in one place. Here’s what you might have missed
by Jessi Healey Feb 29
EXp posts revenue uptick in Q4 — but not enough to turn a profit
The company best-known for its virtual brokerage brought in $983M in revenue between October and December, even as a difficult market took a toll, according to Q4 earnings released Thursday
by Jim Dalrymple II Feb 22
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
'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
New York Comptroller asks eXp to investigate sexual assault claims
The office of New York State Comptroller, which holds nearly 27,000 shares of eXp World Holdings stock, sent a letter to eXp CEO Glenn Sanford requesting he establish an investigative committee
by Ben Verde Jan 31
California commission lawsuit filed against NAR and 35 other entities
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws
by Andrea V. Brambila Jan 19
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18