8 things to remember amid market and consumer upheaval

Right now, agents are feeling overwhelmed by all of the talk and potential changes post-Sitzer. Coach Darryl Davis offers wisdom and action steps to shore up your business against the tumultuous market ahead. Continue reading

Compass trims losses, improves cash flow despite Q3 revenue dip

The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading

Sitzer attorney files new suit against Compass, Redfin, others

Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy Continue reading

Redfin eliminates salaries, pivots to commission model in LA and SF

Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program. Continue reading

As objection handlers come under fire, these 7 ChatGPT ideas hold up

Although you need to be careful with ChatGPT and other AI platforms, they can offer a great resource for idea generation. We asked for ideas on handling objections and got some surprisingly solid suggestions.
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Take Inman’s first-ever bombshell commission lawsuit survey here

A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions. Continue reading

Judge balks at ‘unusual’ MLS settlement in commission case

Judge Patti Saris, of the U.S. 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. Continue reading

Judges deny HomeServices appeal, clearing way for October 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 two highly anticipated bombshell commission trials later this year. Continue reading

‘Get a lawyer to look at it’: Mike DelPrete on incentive split pitfalls

Some real estate agents are earning tons in extra splits from their brokerages, the real estate advisor told Intel. Everything seems great — until they’re told to pay it back in full. Continue reading

Court deals blow to NAR, KW, Anywhere in commission suit

The judge denied requests filed by NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America, allowing the Sitzer/Burnett case to continue toward a new October trial date. Continue reading