Sitzer | Burnett defendants bulk up lawyer bench to prep for appeal
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
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
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
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
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
Sitzer | Burnett judge refuses defendants' request for mistrial
HomeServices of America attorneys filed a motion Wednesday requesting a mistrial in the Sitzer | Burnett trial, saying a video submitted a day earlier jeopardizes its chances for a fair trial
Full court press: What to know as the Sitzer | Burnett trial unfolds
The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won't see — it's all here as the long-awaited Sitzer | Burnett commission trial unfolds this week
by Andrea V. Brambila Oct 16
MLS commission settlement in jeopardy amid new DOJ 'concerns'
The Department of Justice's antitrust division on Thursday requested a 2-month deadline extension to review a proposed deal between homesellers and MLS PIN, a broker-owned multiple listing service
RE/MAX settles bombshell commission lawsuits for $55M
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents'
by Andrea V. Brambila Sep 18
MLS PIN settlement approved after overcoming judge's qualms
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
by Andrea V. Brambila Sep 14
Anywhere settles bombshell Sitzer and Moehrl commission lawsuits
The company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
NAR seeks to suppress DOJ probe from jury as commission trial nears
The National Association of Realtors filed 4 requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination
by Andrea V. Brambila Aug 25
Judge balks at 'unusual' MLS settlement in commission case
Judge Patti Saris, of the US District Court in Massachusetts, said she 'loved' the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs
The commission suits are headed to trial. What happens after that?
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
4 ways to improve real estate as bombshell commission suits sizzle
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally 'bullied' into change
Sue Yannaccone: Real estate is at the middle of multiple crossroads
Yannaccone, the president and CEO of Anywhere Brands, also argued at Inman Connect Las Vegas that her company is well-positioned to thrive as the housing industry evolves
by Jim Dalrymple II Aug 8
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8
HomeServices appeal dismissed as court eyes October for Sitzer trial
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of 2 highly anticipated bombshell commission trials later this year
Ginger Wilcox isn't interested in stepping into Sherry Chris' shoes
With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role
by Marian McPherson Jul 27
Will the second quarter of 2023 match real estate's Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
by Jim Dalrymple II Jul 26
Anywhere's Cartus names veteran tech executive as president, CEO
Six months after Katrina Helmkamp's retirement, Cartus has named Matthew Tebbe as its latest president and CEO. Tebbe will be responsible for 'accelerating momentum' at the relocation brand
by Marian McPherson Jul 24
Bright MLS breaks with NAR policy on commissions
Starting Aug. 9, the nation's 2nd-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright
by Andrea V. Brambila Jul 20
Gary Keller at Keller Williams KW Family Reunion 2019
The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion
by Andrea V. Brambila Jul 11
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
MLS turns back on franchisors after settling commission case for $3M
Homesellers plan to use funds from MLS PIN, the largest multiple listing service in New England, to continue antitrust litigation against Anywhere, Keller Williams, RE/MAX and HomeServices
Anywhere's BHGRE and ERA name new presidents after Sherry Chris
Sherry Chris, who recently retired, formerly led both brands. Now Ginger Wilcox will lead BHGRE while Alex Vidal leads ERA, according to an announcement Wednesday by Anywhere Real Estate
by Jim Dalrymple II Jun 14
Judge narrows in on trial date for bombshell commission lawsuit
If the parties don't settle, expect a lengthy trial for the Moehrl homesellers' case against NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America
by Andrea V. Brambila May 30
Anywhere shares seesaw after company reports $138M loss in Q1
The brokerage giant spooked investors with its latest earnings report, in which 1st-quarter revenues were down 31% year over year
by Daniel Houston May 3
Keller Williams, Rocket named best companies for diversity: Forbes
KW, Rocket and Anywhere all landed spots on Forbes' latest list of best employers for diversity. The news comes amid an ongoing push for greater diversity in real estate
by Jim Dalrymple II Apr 27
Sherry Chris, Anywhere executive and real estate titan, retires
Chris has been a leader at Anywhere for years, most recently as CEO of Anywhere Expansion Brands. She'll continue on with the firm in an advisory role, she told Inman exclusively
by Jim Dalrymple II Apr 27
'Stop arguing and start adjusting': Agents react to class-action ruling
From 'NAR is toast' to 'don't make any rash decisions,' real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday
by Andrea V. Brambila Mar 31
Bombshell multibillion-dollar commission suit now a class action
A judge on Wednesday granted class certification in a federal commission suit that could rock the real estate industry and impact how agents are compensated nationwide
by Andrea V. Brambila Mar 29
Coldwell Banker COO: 'Traditional hard work' is making a comeback
Coldwell Banker Chief Operating Officer Liz Gehringer told Inman a diversity push is helping grow the company even in a slower market. She also touted the return of international buyers
by Jim Dalrymple II Mar 15