NAR, franchisors ask for summary judgment in Moehrl suit

The National Association of Realtors, Keller Williams and HomeServices of America have all asked a federal judge in Illinois to rule in their favor before the Moehrl case goes to trial. Continue reading

All the Inman Connect New York updates you need now

As we all gear up to welcome 2024, Inman Connect New York is excited to offer you the opportunity to gain new insights, build new connections, and learn new skills that will help you set a new vision and plan for the year ahead. Continue reading

Texas homesellers file new commission suit as cases pile up

The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid. Continue reading

Merger of Lower and Thrive would give Veritex 12.5% ownership stake

Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes. Continue reading

Compass COO Greg Hart to leave company at year end

Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer. Continue reading

KW begins notifying former agents of profit-sharing cuts

People who left Keller Williams for a competitor have begun receiving letters telling them that their profit share earnings will be reduced from 100 percent to 5 percent. Continue reading

FNF still mum on whether it was target of ransomware attack

CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was “relatively brief” and included the Thanksgiving holiday weekend. Continue reading

Fathom out to raise more than $7M by hiking agent fees, selling shares

Fee increases the flat-fee brokerage implemented for 2023 haven’t stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333. Continue reading

NAR hires new marketing and comms chief amid tumultuous year

Suzanne Bouhia will shape NAR’s communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate. Continue reading