Realtor.com CEO Damian Eales urges caution on Clear Cooperation

Eales said the U.S. model of cooperation remains the gold standard — but declined to take a stance on NAR’s policy. “Beware what you wish for,” he said on Wednesday at Inman Connect Austin. Continue reading

EXp agrees to pay $34M to settle antitrust commission lawsuits

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions. Continue reading

Commission chaos headed for Canada as watchdog probes rules

The inquiry is reminiscent of investigations and lawsuits that have engulfed the industry’s biggest players in the U.S. in recent years, and it includes a review of multiple policies that are similar to those under scrutiny in the U.S. Continue reading

2 more brokerages in the $2B club reach settlement agreements

John L. Scott and Real Estate One reach settlement agreements in antitrust commission lawsuit filed in Missouri. Continue reading

REcolorado appoints new CEO less than a week after it was sold

Dana Bennett, who worked for Colorado’s largest multiple listing service for over a decade before leaving last year, will begin serving immediately. Continue reading

NAR faces a standoff over Clear Cooperation, Inman survey reveals

Nearly a hundred real estate professionals shared their thoughts on NAR’s Clear Cooperation Policy with Inman, revealing a schism between supporters and opponents of the controversial rule. Continue reading

REcolorado sold to private buyer, cutting ties with Realtor orgs

Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association. Continue reading