Kelly is diving into his role as HomeServices’ CEO at a challenging time, but he told Inman he’s ready to get to work. He dished on private listings, Zillow and those Compass acquisition rumors. Continue reading
Blaylock’s move to Sotheby’s International Realty comes about one week after Gino Blefari retired as CEO at HomeServices, and Chris Kelly stepped into the role. Blaylock will lead company-owned brokerage operations at the luxury brand. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
Blefari has helmed HomeServices of America for more than five years. Kelly had been serving as an executive vice president before being promoted. Continue reading
HomeServices of America CEO Gino Blefari said Thursday night his company isn’t in acquisition talks with Compass. Since then, the brokerage franchise network and Compass have been silent. Continue reading
The suit accuses NAR and major franchisors of breaking antitrust laws. The company’s complaint includes alleged text messages in which agents refused to show Homie listings. Continue reading
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250 million in April. Continue reading
The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices. Continue reading
HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion. Continue reading
The U.S. Supreme Court denied the real estate franchisor’s request for consideration on Monday, but the plaintiffs won’t be able to lay $4.7 billion in damages at HomeServices’ feet — at least not yet. Continue reading