Tag Archives: commission lawsuits

Compass lifts agent count in Q4 but falls short of positive cash flow

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The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading →

Survey supports Realtors’ claims that commissions are negotiable

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Only 31 percent of homebuyers or sellers try to negotiate a lower commission, but 64 percent of those who do succeed, LendingTree survey finds. Continue reading →

Meet the brokerage getting ahead of the post-Sitzer commission rush

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DeLeon Realty in Silicon Valley began advertising commissions of 3.5 percent or less for homesellers who choose to work with the firm. The marketing push appeared in the mail and social media this week. Continue reading →

NAR halts ‘presidential initiatives’ for next 2 years amid turmoil

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The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. Continue reading →

‘The vibe is pretty good’ as first earnings season of 2024 kicks off

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Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading →

Zillow revenue rises in Q4 as Barton touts portal’s ‘household name’

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Despite a slower market, Zillow saw revenue from its residential, rental and mortgage business rise in the fourth quarter of 2023, according to an earnings call Tuesday. Continue reading →

Keller Williams settled. What does NAR do now? The Download

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In the wake of the $70 million settlement by Keller Williams, NAR and HomeServices of America appear to be the ones left holding the bag. What happens next? Continue reading →

Keller Williams settles Sitzer, Moehrl commission suits for $70M

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Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR. Continue reading →

Long-serving HAR CEO Bob Hale announces his retirement

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Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO. Continue reading →

Josh Team makes a real estate comeback as SERHANT. president

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The former Keller Williams president took a roughly three-year sabbatical from the industry while going all-in on being a dad. Team wasn’t sure he’d ever return to real estate — until he got to know Ryan Serhant. Continue reading →