Leo Pareja tapped as eXp Realty’s new CEO, relieving Glenn Sanford

Pareja, who joined eXp Realty in 2022, previously served as its chief strategy officer. Founder Glenn Sanford will remain with the firm as CEO of parent company eXp World Holdings. Continue reading

T3 Sixty nixes this year’s Mega 1000 list in wake of NAR settlement

The move comes two weeks after the National Association of Realtors signaled a $418M settlement of commission lawsuits. T3 Sixty said it will bring the ranking back when litigation is resolved. Continue reading

Former Keller Williams agents sue over profit share changes

One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments. Continue reading

How commission chaos divided the real estate industry into 4 factions

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward. Continue reading

John Davis settles sex misconduct claims as contempt deadline looms

The former Keller Williams CEO no longer faces allegations of sexual misconduct, but Gary Keller, Josh Team and KW are asking the court to hold him in contempt. He has until Friday to respond. Continue reading

Howard Hanna dismissed from mother of all commission suits

Howard Hanna had been one of several defendants in a case known as Batton 2, which was brought by homebuyers and has a much larger scope than some better-known cases. Continue reading

Doss debuts ‘accelerator’ program to waive franchise fees

Twenty participants in the new program will not have to pay Doss’ normal $15,000 franchise fee, though they will have to commit to growing their businesses. Continue reading

Mark Willis takes aim at Anywhere in ‘State of the Company’ remarks

In his first Family Reunion address since returning as CEO of Keller Williams last year, Mark Willis called on agents to rise up and topple Anywhere, the world’s largest real estate franchisor. Continue reading

Gary Keller says ‘right now, real estate is in a recession’

The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading