New commission lawsuit targets REBNY and 26 companies in NYC

Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws. Continue reading

‘A new age’: Brad Inman, panelists unpack the Sitzer | Burnett verdict

During a live session Wednesday at virtual Connect, Brad Inman moderated a panel with Russ Cofano and Kendall Bonner on what lies ahead for agents as the commission model is upended. Continue reading

Agents steer buyers to homes with better commissions, study claims

The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell. Continue reading

‘Modest’ commission proposals are insufficient, says watchdog

Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions. Continue reading

Anywhere unveils the details of its bombshell commission settlement

Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors. Continue reading

Stop the bombshell lawsuit panic. Ask your broker about commission

You don’t have to figure out everything on your own when it comes to buyer commissions and the bombshell lawsuits, writes broker Teresa Boardman. It’s the job of the broker to help individual agents understand and negotiate the terms of their compensat… Continue reading

What agents need to talk about when they talk about commissions

Now that Anywhere has announced a deal on the bombshell commission lawsuits, it’s time to take a look at the way you communicate with buyer clients moving forward. Trainer and author Bernice Ross offers a step by step guide to make sure you’ve got your… Continue reading

Brokers fear losing commissions, agents if lawsuits succeed: Survey

Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in two key lawsuits, a survey on commissions conducted by Intel shows. Continue reading

5 reasons top agents don’t worry about commission lawsuits

Although the bombshell commission lawsuits are scary, Inman contributor Chase Williams writes, it’s time to focus on the things you can control and move forward. Continue reading

5 reasons top agents don’t worry about commission lawsuits

Although the bombshell commission lawsuits are scary, Inman contributor Chase Williams writes, it’s time to focus on the things you can control and move forward. Continue reading