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. Continue reading

Exemplary agents will see commissions grow: NextHome CEO

NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn’t been written in this interview with Bernice Ross. Find out what you need to know to plan ahead. Continue reading

Anywhere, RE/MAX agree to settle Nosalek commission lawsuit

New legal filings propose that MLS PIN class members from the Nosalek lawsuit be included in the “substantive terms” of the Sitzer/Burnett and Moehrl settlements with Anywhere and RE/MAX. Continue reading

Under their thumbs: The enigmatic homesellers behind Sitzer | Burnett

The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.” Continue reading

Gary Keller, Bob Goldberg among first to testify in Sitzer | Burnett

As the long-awaited commission trial begins, the Kansas City courtroom saw opening arguments followed by testimony from industry heavy-hitters including Gary Keller, NAR CEO Bob Goldberg and HomeServices of America President and CEO Gino Blefari. Continue reading

58 questions agents should be asking about commission lawsuits

Broker Cara Ameer helps you think through the implications of the current bombshell commission lawsuits and what they may mean for your business. Continue reading

CoStar’s Homes.com beats Redfin, Realtor.com to become No. 2 portal

In a sign of the listing portal’s growing influence, Homes.com hit more than 100 million unique visitors in September, sparking a 1,290 percent annual increase in traffic. Now the portal is second only to Zillow. Continue reading

Stop the bombshell lawsuit panic. Ask your broker about commission

You don’t have to figure out everything on your own when it comes to buyer commissions and the bombshell lawsuits, writes broker Teresa Boardman. It’s the job of the broker to help individual agents understand and negotiate the terms of their compensat… Continue reading