Homesellers have lost $1B through private deals since 2023: Zillow
Sellers who privately listed their home lost an average of $4,975, according to an analysis by Zillow of 2.72M deals since 2023. The gap is wider for sellers of color, underscoring the benefits of CCP
by Marian McPherson Mar 24
The industry's biggest names are weighing in on CCP: The Download
Leaders across the real estate landscape are sharing their perspectives on the CCP — and what its possible end would mean for consumers and the housing market
by Christy Murdock Mar 15
NAR makes $197M commission suit settlement payment
At least some of the payout will come from NAR’s reserve funds, including operating reserves and those collected from members specifically for lobbying and to advertise the Realtor brand
by Andrea V. Brambila Feb 26
Collusion in plain sight: The danger lurking in state association forms
Opinion
In an analysis of more than 20 forms from various states, coach Darryl Davis identified a disturbing pattern: identical clauses between competing entities that suggest a dangerous level of collusion
by Darryl Davis Oct 15
When is a buyer contract required? At showings — but not open houses
The National Association of Realtors' proposed settlement agreement requires brokers and agents to sign contracts with buyers they're 'working with.' But what exactly does that mean?
by Andrea V. Brambila Aug 20
Michael Ketchmark: Every move you make, we'll be watching you
In a phone interview, lead plaintiffs' counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow's business model, and the 'monster case' that remains
by Andrea V. Brambila Aug 19
No HomeServices deal yet, months after settlement announcement
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250M in April
Buyer appeals Keller Williams, Anywhere, RE/MAX settlements
The franchisors are not required to implement the business practice changes they agreed to until after the appeals process
NWMLS opts out of NAR deal in bid to continue commission offers
Northwest MLS says banning compensation in the MLS restricts consumer choice and transparency. Plaintiffs' attorney Michael Ketchmark says 'the fox is guarding the chicken house'
by Andrea V. Brambila May 30
Judge approves Keller Williams, Anywhere, RE/MAX settlements
The ruling by Judge Stephen R. Bough on Thursday resolves antitrust claims in the Sitzer | Burnett, Moehrl and Nosalek commission cases. However, it won't quash other existing suits from buyers
NAR clarifies when a buyer contract will be required under settlement
In an email, the 1.5M member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms
Sitzer | Burnett plaintiffs' attorneys ask for a third of settlement payout
After 5 years and nearly 100K hours of work, the law firms are asking a federal court for $82M of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX
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
NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit
The defendants point to 'legal errors at trial' they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court
by Andrea V. Brambila Jan 10
Judge gavel with justice lawyers to represent appraisal bias lawsuit
The National Association of Realtors and Keller Williams have hired former US solicitors general to help them beat back the multibillion-dollar verdict
by Andrea V. Brambila Nov 17