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
How commission chaos divided the real estate industry into 4 factions
The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward
by Taylor Anderson Mar 20
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4B damages award after NAR, Keller Williams, Anywhere and RE/MAX settle
by Andrea V. Brambila Mar 19
Agents storm TikTok with flood of complaints after NAR settlement
Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them
by Jim Dalrymple II Mar 19
DelPrete: Here's what's driving agent migration patterns now
As the industry continues to shift gears, Mike DelPrete writes, agents are looking for greener pastures by moving to younger, more agile brokerages that offer new opportunities
by Mike DelPrete Mar 18
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
Baird & Warner at center of latest commission lawsuit filed in Illinois
Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant
by Jim Dalrymple II Mar 7
DelPrete: A new generation of brokerages is on the rise
It’s a transformative time in the industry, Mike DelPrete writes, and now is an opportunity to pause, step back, critically evaluate and use the moment to get smarter
by Mike DelPrete Mar 7
These up-to-the-minute marketing strategies are getting results now
Ready to get busy? Trainer and author Bernice Ross talks to Curaytor co-founder and CEO Jimmy Mackin about the marketing plays that are working right now
by Bernice Ross Mar 7
Elephant in the room: What execs revealed about commissions in Q4
In the wake of legal settlements in 2 of the largest commission lawsuits, RE/MAX and Anywhere illuminated their paths forward to investors in Q4 earnings calls. Intel reads the tea leaves
by Daniel Houston Mar 6
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
3 green flags of exceptional real estate leadership
The mark of a great leader, Victoria Kennedy writes, is that they don't hoard power for themselves but empower others to build and grow their sphere of influence
by Victoria Kennedy Mar 5
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
Compass, eXp notch more big recruiting wins
Compass has recruited New York-based brokers Tom Postilio and Mickey Conlon. Meanwhile, eXp added Calgary-based Sahil Chhabra and his team to its ranks
by Jim Dalrymple II Mar 1
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