Real estate CEOs: Big changes from bombshell suits ‘improbable’

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading

New bombshell lawsuit targets Texas Realtor orgs, local teams

A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants. Continue reading

Commission lawsuits are piling up. Keep track of them all right here

In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate’s status quo. Here’s a rundown of all the cases. Continue reading

RealScout tracks down enterprise deal with Anywhere

Agents and teams at Century 21, Sotheby’s International Realty and Coldwell Banker, among others, will have access to RealScout as part of an enterprise-level agreement between the tech company and Anywhere. Continue reading

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading

Jury finds in favor of homeseller plaintiffs in Sitzer | Burnett trial

Jurors on Tuesday shocked the real estate industry, awarding damages adding up to $5.36 billion to homesellers after deliberating for 2 hours and 28 minutes. Continue reading

Offerpad to partner with Anywhere agents outside of market area

Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network. 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

Despite revenue drop, Anywhere marks another profitable quarter

Anywhere Real Estate reported revenue of $1.6 billion and a profit of $129 million for the third quarter, ending with $151 million in cash and cash equivalents. Continue reading

‘Rabbit gets the gun’: The essential guide to Week 1 of Sitzer | Burnett

Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri. Continue reading