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

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

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

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

Commercial deals offer a new post-Sitzer compensation model

Want to get paid? Start studying up on how U.S. commercial commissions are negotiated. That’s where the residential side of real estate is headed, four experts argued at Inman Connect New York. Continue reading

You won’t believe how different these foreign markets are

Canada has shorter mortgage terms, which are now forcing people to move. Meanwhile in Australia, most buyers don’t even use agents. Continue reading

Nexthome CEO: Make buyers’ agent agreements a priority

James Dwiggins argued at Inman Connect New York that commission lawsuits and pressure from the feds is going to bring about change in the real estate industry. Continue reading

Double trouble: 2nd commission suit this week hits Cali Realtors

The new lawsuit — the second filed in California this week — takes aim at rules enacted and enforced by MetroList and complied with by some of the nation’s biggest real estate firms. Continue reading

Homeseller sues Nevada Realtors, NAR after $40K commission bill

Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions. Continue reading

10 things to do right now, so you’re not in the next wave of agent exits

Team leader Carl Medford and his regional leadership mastermind have developed these 10 strategies to help you return to the fundamentals so that you’re ready to take on the challenges and opportunities that 2024 has in store. Continue reading