RLTY Capital launches suite of agent Success Services
Agents who sign on can access legal structuring and advisory services, a network of industry thought leaders, accountants, wealth managers and a variety of courses
NAR shuts down bid to end no-commingling rule, Zillow reveals
Zillow Senior Director of Broker Operations Matt Hendricks said the portal petitioned NAR to stop allowing MLSs to ban brokers from displaying MLS listings with non-MLS listings online
by Andrea V. Brambila Nov 23
Former Keller Williams CEO John Davis sues Gary Keller for $300M
Davis filed suit, he says, in an effort to restore his reputation after sexual misconduct allegations against him surfaced this year. 'There is a price to ruin someone's life,' his spokesman told Inman
by Andrea V. Brambila Nov 15
A misty forest
North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents
As US economy zigs upward again, real estate sags
Hits to broker commissions and home construction drove a decline in real estate gross domestic product in Q3 of the year, new data shows
by Daniel Houston Oct 27
A piece of chocolate cake being removed from the whole
Real estate tech firm says it will use increase on new marketing channels and product changes while critic says high referral fees lead agents to inflate commissions, skimp on service
by Andrea V. Brambila 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
fire, exit, goodbye, firing clients, fired
Here are the telltale signs it's time to part ways, must-dos before taking that step, and the dos and don’ts of firing clients
by Dani Vanderboegh Oct 12
Anywhere and Compass settle agent recruiting suit, capping 3-year feud
The companies submitted a joint filing to the New York Supreme Court on Oct. 4 asserting they had agreed to end the litigation permanently and that each side would pay their own costs
by Andrea V. Brambila Oct 11
Two men exchanging business cards
Calling it a 'kickback scheme,' HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don't actually buy and sell property
Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers
The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies
Court thwarts NAR, orders execs to turn over evidence in REX case
Brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies 'limiting both how homes are listed online and the negotiation of commissions'
Court orders Anywhere to hand over NAR commission rule documents
Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN's 'substantively identical' buyer broker commission rules
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
What haunts MLS leaders? Politics, commissions and their own demise
At the Council of Multiple Listing Services' annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses
by Andrea V. Brambila Sep 30
A man splitting a log
Denee Evans, Art Carter and Errol Samuelson lay out a vision of the MLS as the ultimate real estate data source at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 29
Judge 'baffled' why Anywhere won't give up NAR commission rule docs
Judge M. Page Kelley pushed back against the real estate holding company formerly known as Realogy, noting that NAR's broker commission rule is 'virtually identical' to that of MLS PIN
by Andrea V. Brambila Sep 26
Anywhere fights sellers' bid to give up docs on NAR commission rule
Federal court will hold oral arguments later this month on whether franchisor's implementation of the policy nationwide is relevant to homesellers' case in the MLS PIN service area
by Andrea V. Brambila Sep 14
Zillow to REX: Let's unite against NAR's 'no-commingling rule'
Legal battle of wills rages on as the 3 parties have motions to compel pending before the court. On Tuesday, REX pushed back against Zillow’s motion to compel, calling it a 'fishing expedition'
MLS-listed homes sell for more, a new study claims. But there's 1 twist
Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale
by Andrea V. Brambila Aug 31
Leverage the power of fintech to whip your wallet into shape
Opinion
Whether you're a new agent or a top producer, it takes planning and some smart tech tools to get your finances shipshape for the long haul
by Jordan Curnutt Aug 6
Fathom Holdings doubles revenue in Q2 as mortgage business struggles
The brokerage's revenue grew 52 percent annually in the second quarter, reaching $128.2 million, up from $84.2 million last year, according to an earnings on Thursday.
by Daniel Houston AND Ben Verde Aug 4
'I am not a tour guide': How to nail tough commission conversations
Panelists Smita Singh, Cindi Hagley and Kraig Klaus discussed client requests to negotiate or cut their pay at Inman Connect Las Vegas on Wednesday
Everyone is coming after agent commissions, DelPrete tells ICLV
During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models
Can flat-fee brokerages solve the principal-agent problem?
Federa thinks so. The company argues that because its agents know they are getting their pay from the flat fee, they're more apt to be more honorable to the seller's needs
by Craig C. Rowe Jul 28
Realtor income rose by double digits in 2021: NAR
The trade association's 2022 report finds that the median gross income for Realtors overall grew 25.3% last year, but the increase was smaller for sales agents
by Andrea V. Brambila Jul 28
Commission study paid for by HomeServices comes under fire
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
by Andrea V. Brambila Jul 27
Northwest MLS eliminates broker commission sharing as default
Effective Oct. 3, NWMLS's forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid
by Andrea V. Brambila Jul 22
A piece of chocolate cake being removed from the whole
The Consumer Federation of America says lack of discounts for more expensive homes shows 'the structure of agent compensation is both inequitable and inefficient'
by Andrea V. Brambila Jul 20
15 closing gift ideas on Amazon Prime Day for real estate agents
Amazon's annual sale event returns Tuesday and Wednesday. Here are some of the Amazon Prime Day items real estate agents can scoop up at a discount for terrific buyer closing gifts
by Daniel Houston Jul 11
Bombshell commission lawsuit series and more: Inman’s Top 5 stories of the week (July 1-7, 2022)
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for July 1-7, 2022
by Dani Vanderboegh Jul 8
More than 700 agent steering calls suggest price-fixing, lawyers charge
In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX
Is your 2022 business plan holding up? Time for a reboot
Opinion
Many agents are taking a beat to rethink their business plans they wrote at the beginning of 2022. Is your plan ready to shift with the market?
by B. J. Sonderman Jul 8
4 commission charts that explain both sides of the Moehrl conflict
The homeseller plaintiffs hope to show the need for change in how agents are paid, while NAR and major real estate franchisors aim to show the status quo is working just fine
It's baaack! Homebuyer commission suit against NAR rises from ashes
On Wednesday, 8 homebuyers filed an amended complaint, once thought to be dead, against NAR, Realogy, Keller Williams and others alleging NAR rules have inflated agent commissions
'Longstanding conspiracy': Why the bombshell commission suit matters
Millions of homesellers across the country may be able to seek billions in damages for commissions they paid to buyer agents between 2015 and 2020. Here's why it matters
'Radical' and 'doomed': The case against the 'bombshell' Moehrl suit
The real estate establishment's latest salvo against the so-called 'bombshell' buyers' agent case is a sprawling, 3,000-page argument against granting class-action status in the Moehrl federal suit
How to help women and minorities in real estate rise 
Opinion
Leaders have to intentionally create space and structure for minorities on their team to have an equitable experience. This responsibility has the opportunity to create a lasting impact for your brokerage
by Rainy Hake Austin Jun 21
The rise of new technology helps indies compete
Opinion
Think indie shops can't compete with big-box brokerages? Think again! New technology gives small brokerages big recruiting energy when pitching to new agents
by Ian Hoover Jun 21
5 tips for starting a coaching program at your brokerage
Opinion
Coaching encompasses a constant evolution of learning and implementation to help agents build their businesses. As many teams shift from professional development into coaching, these strategies can help
by Christian Barnes Jun 16
How to convert leads so you’re eligible for exclusive lead networks
Many agents are searching for leads to bump themselves out of a summer sales slump. Not just any agent can qualify for exclusive leads where conversion metrics matter, but here are a few tips to give yourself a leg up
by Chris Heller Jun 14
Customers are telling us what they want. We need to listen
Opinion
Today's consumers are not shy about voicing what they want, and savvy agents know how important it is to listen
by Kris Lindahl Jun 14
At a glance: A financial guide for for your first year in real estate
This month-over-month financial plan will help walk you through where you should be and help you avoid any cash-flow pitfalls in your first year. Bookmark this handy list — and refer to it often
by Dani Vanderboegh Jun 14
How to execute on giving your team what they need to grow
Opinion
Can your team thrive with their current support system? Strong leaders know that agents need tech and tools that work to achieve measurable growth
by Mauricio Umansky Jun 13
Compensation frustration: Here are 9 alternatives to your non-compete
Opinion
The truth hurts. Your non-compete may be holding your team back from retaining talent
by Donald "Dek" Bake Jun 13
5 low or no cost ideas for thrifty 1st year real estate agents
Ouch! With inflation at an all time high, 2022 first-year agents may be feeling the burn more than their previous class. Read this to help create some room in your budget
by Darryl Davis Jun 11
A man examining a contract closely
California-based agent Mindy Ni alleges Compass failed to pay her commissions and misled her as to the terms of her independent contractor agreement in order to recruit her
by Andrea V. Brambila Jun 10
Move acquires real estate agent marketplace UpNest
Move has acquired real estate agent marketplace UpNest for an undisclosed amount. UpNest will be used to bolster Realtor.com's buyer and seller services, the company said
by Marian McPherson Jun 8
Mystery phone caller
Homeowner plaintiffs allege Realogy uses its corporate structure to profit from and escape liability for letting its agents violate the law through 'incessant unwanted telemarketing calls'
Appeals court rejects NAR class certification challenge in lawsuit
The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023
Red flag! 13 things agents should watch out for when being recruited
Here's what some agents who have recently made strategic moves have to say about keeping one's eye on the prize when it comes to negotiating contracts with a new brokerage
KW demands REX turn over audio recordings in commission suit
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case
The false choices of the commission crunch
Opinion
Many real estate professionals look down on discounted brokerages, but it may be because they're asking themselves the wrong questions. Here are the alternatives they might want to consider instead
by Grant Clayton Jun 3
Is flat fee the future of real estate? Here’s what to know
Opinion
As home prices have risen, driven by supply shortages and increased demand, many real estate industry experts have started considering whether the existing commission compensation model is still working
by Nicholas Acosta Jun 3
NAR, franchisors face long odds in effort to appeal class action status
NAR and co-defendants Realogy, Keller Williams, RE/MAX and HomeServices of America are asking a higher court to let them appeal a decision to make a commission suit a class action
by Andrea V. Brambila May 18
Is it a write-off? See which of these 14 expenses agents can deduct at tax time
A quick reference guide for common real estate agent expenses to help you determine whether or not they are tax-deductible
by Lillian Dickerson May 18
30+ how-tos to keep your finances in check
Whether you're new or just looking for some tips, we've got you covered. Here are our top articles on financial fitness
by Dani Vanderboegh May 18
Brokerages push back on NAR ad campaign targeting 'competitors'
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
by Andrea V. Brambila May 12
What happens if the DOJ kills cooperation and compensation on the MLS?
Opinion
Given how slowly change takes place in the real estate industry, any change in compensation may be years off. On the other hand, if the DOJ were to force the end of the shared compensation, the industry will have to scramble to shift to an entirely new environment
by Bernice Ross May 11
May the 4th be with you: The best Star Wars real estate memes of 2022
In honor of that sacred day, Inman has rounded up some of the best real estate and Star Wars crossover-themed memes of the year
Why the two 'bombshell lawsuits' will probably be duds
Opinion
The certification of the class in Sitzer/Burnett v. NAR is only an initial procedural step and there are serious issues with the plaintiff’s complaint. Still, however, the industry needs to proactively address the underlying issues regarding agent compensation
by Bernice Ross May 4
Yes, we can change how commissions are paid
Opinion
Rules can and should be changed starting with the way buyer’s agents are paid. Trying to preserve the system at all costs doesn’t make sense
by Teresa Boardman May 4
Judge halts commission-sharing case alleging inflated buyer costs
Unlike 2 federal cases that claim seller costs are inflated by commission sharing, New Jersey homebuyer's lawsuit argued that buyers are the ones unfairly impacted
'Writing is on the wall': Court tosses NAR counterclaim against REX
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group's reputation with its own members and consumers
by Andrea V. Brambila Apr 28
Federal commission suit now a class action; NAR, Realogy vow to appeal
Days after oral arguments, a judge Friday granted class certification in 1 of 2 federal commission suits that could rock the real estate industry and impact how agents are compensated nationwide
by Andrea V. Brambila Apr 25
Gary Keller singled out as 'head of conspiracy' as federal commission lawsuit accelerates
As oral arguments began Monday in the Sitzer federal commission case, plaintiffs questioned the role of buyer agents, what a world without NAR's commission policy would look like, and why they believe Keller is leading an antitrust conspiracy
by Andrea V. Brambila Apr 19
14 insightful tips for agents looking to save money in their business
From resisting shiny objects (so to speak) to taking advantage of local intern pools, here's how industry experts say agents can save their pennies in an ever-shifting market
by Lillian Dickerson Apr 18
Inman Connect turns 25: The top 20 moments of real estate's best bash
The event has come a long way since its beginnings in the woods of Sonoma County, California
by Andrea V. Brambila Apr 18
Florida agent arrested after alleged hate crime caught on video
Licensed real estate agent Victor Dubauskas, 72, was arrested on assault and battery charges after he allegedly poured his beer on and threw a beer bottle at a Muslim man
by Andrea V. Brambila Apr 15
Focus less on splits or 'cap' and more on net
Opinion
Net is a more complicated datapoint to calculate. Split is surely a factor in the calculation, but net is the bottom line
by Jeff Glover Apr 7
A comprehensive guide to finding inventory in today's market
Here, Inman has created an extensive resource for ways to find inventory — from old-school methods to more creative approaches — when it seems like there's nothing left on the shelves
by Lillian Dickerson Mar 30
Big tech is coming for your commission
Opinion
Like Zillow, the biggest real estate tech companies have set their eyes on agent commissions as the answer to their revenue needs. Find out how they plan to get that money out of agents' wallets
by Mike DelPrete Mar 14
'We're not the pocket listing guys anymore': The PLS is now The NLS
The National Listing Service wants to help agents compete with big portals such as Zillow, Realtor.com and Redfin for control of their lead generation
by Andrea V. Brambila Feb 24
REX asks court to toss NAR countersuit on First Amendment grounds
The discount brokerage filed paperwork in a federal district court in Seattle that argues its opinions challenging the legality of the National Association of Realtors' rules are protected speech
by Andrea V. Brambila Feb 23
Homie joins the ranks of Power Buyers with cash offer program
The flat-fee brokerage is now offering bridge loans to turn home-seekers into cash buyers. The Homie Cash program is available in Nevada, Arizona, Utah, Idaho and Colorado
by Andrea V. Brambila Feb 22
Houlihan Lawrence dual agency case is now a class action lawsuit
The New York- and Connecticut-based brokerage says it will appeal the ruling, which will allow plaintiffs to sue on behalf of some 20,000 homebuyers and sellers going back more than a decade
19 tips for writing an airtight real estate contract
Ensure both you and your client are protected with practically perfect contract writing using these 19 tips
by Cara Ameer Feb 7
It's only business: Watchdog says Florida agents aren't loyal to clients
Most Florida agents are transaction brokers who don't have to disclose they have no obligation to look out for customers' best interests, according to the Consumer Federation of America
Buyer agent commissions fall to lowest point since 2017
Intense competition appears to have driven down average buyers' agent commissions last fall to their lowest point since at least 2017
by Jim Dalrymple II Feb 3
Location, location, location: Real estate will continue to be an antitrust hotspot in 2022
Opinion
With billions in commissions at stake, all three branches of government are focused on the real estate industry. Here are the legal wranglings at the heart of their scrutiny
by Dylan Carson AND Alicia Batts Feb 2
lightbulbs on blue background
The discount brokerage is now a member of 6 multiple listing services, but says it's still avoiding 'traditional' agent fees by offering a low commission when it submits listings
NAR countersues REX Real Estate, alleges harm from 'campaign of lies'
Real estate trade organization hits back at discount brokerage's claims regarding its own business model and inflated real estate commissions
Getting started as a real estate agent: 102 tips from top Realtors
Inman reached out to more than a hundred of the country's top-performing Realtors and asked them what they would say to a real estate agent just starting out in 2023. These are their answers
Salary, healthcare and 401K matching: How this employee-owned brokerage thrives
The Colorado company may be the only residential real estate brokerage to go through the process of becoming employee-owned. Here's how it works
by Taylor Anderson Jan 27