That's a lot of zeroes. So where do we go from here? The Download
This week, we're breaking down the aftermath of that $5B verdict in favor of the plaintiffs in the bombshell Sitzer | Burnett commission lawsuits
by Christy Murdock Nov 3
Exemplary agents will see commissions grow: NextHome CEO
Opinion
NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn't been written. Find out what you need to know to plan ahead
by Bernice Ross Nov 3
RE/MAX sees revenue decline for 5th consecutive quarter
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
NAR CEO Bob Goldberg to retire early after 'emergency meetings'
Goldberg had been set to leave at the end of 2024, but will now step down this month. His departure comes on the heels of a harassment scandal at the trade organization
Realtor.com chief: Buying without an agent was 'terrifying'
Damian Eales lauded the American system of having agents representing buyers and sellers, but said that change is likely coming thanks to lawsuits and the DOJ
by Jim Dalrymple II Nov 2
Commissions are key as REX seeks retrial in listings suit against Zillow
In a motion filed Tuesday in a Seattle federal court, the defunct discount brokerage claims it was unfairly prohibited from presenting testimony about commissions to jurors in the original trial
by Ben Verde Nov 2
'A new age': Brad Inman, panelists unpack the Sitzer | Burnett verdict
During a live session Wednesday at virtual Connect, Brad Inman moderated a panel with Russ Cofano and Kendall Bonner on what lies ahead for agents as the commission model is upended
by Ben Verde Nov 1
Will Q3 earnings keep real estate mired in a 'Groundhog Day' loop?
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
by Jim Dalrymple II Nov 1
Redfin CEO: With commissions in peril 'cooperation may crumble'
Redfin CEO Glenn Kelman said at Inman Connect on Wednesday that pressure from lawsuits and the Department of Justice may ultimately lead to 'a different world' than the one that exists today
by Jim Dalrymple II Nov 1
How long can home prices hold out? Here's how I see it
When will rising interest rates, low inventory and diminishing buyer hopes translate into falling home prices? Windermere Chief Economist Matthew Gardner weighs in
by Matthew Gardner Nov 1
The broker's dilemma: To own or not to own; that is the question
New Inman contributor Lisa Troyano-Ascolese outlines the thought process behind starting or buying a brokerage and how to know if you're really ready
Sitzer attorney files new suit against Compass, Redfin, others
Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy
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
Sitzer | Burnett closing arguments wrap as judgment day approaches
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions
by Andrea V. Brambila Oct 31
Gary Keller takes stand in person as Sitzer | Burnett verdict nears
Keller Williams co-founder Gary Keller provided lengthy testimony Friday as the defense wrapped up a case to be decided by a Kansas City jury later this week