Commission lawsuits are piling up. Keep track of them all right here
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
by Jim Dalrymple II Nov 10
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
REBNY rule change will require sellers to pay buyer agents directly
As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures
by Taylor Anderson Oct 19
New York’s luxury office towers attract employees back to work
Latest report from the Real Estate Board of New York finds Class A office buildings have higher occupancy rates with implications for the rest of the nation
by Taylor Anderson Feb 27
Compass seeks antitrust settlement with NYC's largest real estate association
The brokerage sent a letter to the District Court for the Southern District of New York seeking to settle its dispute with the Real Estate Board of New York, or REBNY, outside of the courtroom
by Ben Verde Dec 14
Tal Alexander censured by REBNY following ethics complaint
REBNY found Alexander guilty of deliberately interfering with Barbara Fox's broker-client relationships and interactions in a 2021 transaction at an Upper East Side condo
CoStar sees revenue, profit jump in Q3 despite slowing housing market
In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer
by Jim Dalrymple II Oct 25
NYC real estate commissions are all over the map: Consumer watchdog
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1% in parts of Brooklyn to 3% in Manhattan
by Andrea V. Brambila Oct 20
CoStar debuts Citysnap search portal as Zillow rivalry continues
The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow
by Jim Dalrymple II Jun 30
Court rejects REBNY bid to toss Compass antitrust suit
The allegations that the Real Estate Board of New York conspired with Corcoran and Douglas Elliman to 'smother' competition move forward
New York state makes remote online notarizations permanent
As more states allow RON, California and North Carolina are among notable holdouts
by Andrea V. Brambila Dec 28
Compass hires new sales executive from Brown Harris Stevens
Fritz Frigan most recently worked as an executive vice president at the New York City-based brokerage Brown Harris Stevens
by Jim Dalrymple II Nov 3
CoStar CEO accuses competitors of ‘hijacking’ listings
Andy Florance weighed in on why his company is building a New York City portal and what he thinks of CoStar's rivals
by Jim Dalrymple II Oct 28
CoStar CEO likens Zillow's StreetEasy to blackmail
Andy Florance on Tuesday positioned his company's upcoming New York City portal as an alternative to Zillow-owned StreetEasy
by Jim Dalrymple II Oct 26
CoStar revenue rises to new heights in latest earnings report
The company pulled in $499M in revenue during the third quarter of this year. That's a 17% jump compared to last year at the same time
by Jim Dalrymple II Oct 26