Illinois homebuyers file new class-action commission suit

The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn’t name the organization as a defendant. Continue reading

Buyer-broker commissions remain mostly steady since Aug. 17: Survey

Business has largely continued as usual with 63 percent of agents reporting that sellers are “frequently” covering buyer-broker commissions, according to a new Real Brokerage survey of 300 agents. Continue reading

Industry heavy-hitters launch app that documents agents’ workflow

Rayse, which the company has positioned as a way of “pushing back against the settlements,” is backed by Realtor associations, MLSs, brokerages and leaders, including co-CEO James Dwiggins. Continue reading

Katie Kossev: ‘Mass confusion’ common in the wake of NAR’s rules

The managing broker of Texas at Side said that luxury buyers in particular seem to understand the value of compensating their real estate agents. Continue reading

Fathom Realty agrees to pay $2.95M to settle commission suit

The company denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue growing the business. Continue reading

Dwiggins-led franchisor NextHome settles commission suits

NextHome has more than 600 offices across the U.S. but is perhaps best-known for CEO James Dwiggins, who has been a prominent commentator on antitrust litigation. Continue reading

Clear Cooperation takes center stage, faces pressure to change

Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry’s most polarizing rules. Continue reading

Judge in Moehrl, Batton recused after revealing conflict of interest

Judge Andrea Wood, who oversaw the cases for years, said she discovered a relative’s spouse was a partner at a law firm in a case known as Moehrl. She recused herself in a surprise filing on Wednesday. Continue reading

4 tips for getting past the buyer conversation struggle

The settlement has changed a lot, but consumers still need agents, Amy Corr writes. Stay confident, listen to potential clients, be the advisor they need, and you will thrive.   Continue reading

In lawns and on key chains, stealth commission offers raise red flags

Images that conceal commission offers, like a “3%” mowed into freshly cut grass, have become a phenomenon on message boards and online residential listings, according to an Inman analysis. Continue reading