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 homesellers object that the deals’ payout is “far too low” for the “massive” number of injured parties and that franchisees should be required to implement practice changes. Continue reading
Plaintiffs’ lawyer Michael Ketchmark vowed legal action to enforce deal: “Anyone who thinks they can send a few emails or bury their head in the sand and avoid the application of the law is wrong.” Continue reading
In response to NAR’s proposed settlement, the nation’s second largest MLS will add data fields on June 11 allowing sellers to signal they’re willing to offer buyer concessions when they list a home. Continue reading
NAR’s legal team, president and chief economist defended the group’s cooperative compensation rule and used journalists as a scapegoat repeatedly during midyear panels earlier this month. Continue reading
The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements. Continue reading
At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules. Continue reading
Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar’s earlier claims about Homes.com’s growing traffic. Continue reading
Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar’s earlier claims about Homes.com’s growing traffic. Continue reading
The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780. Continue reading