NAR and Anywhere clash over commission class action trial

The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading

RLTY Capital launches suite of agent Success Services

Agents who sign on can access legal structuring and advisory services, a network of industry thought leaders, accountants, wealth managers and a variety of courses — including some by “Sell It Like Serhant.” Continue reading

How much does a real estate agent make?

From the hours they put in to the years of experience they have, several variables determine how much real estate agents make per year. Continue reading

‘Don’t wait until the plane crashes’: Lawyers offer grim antitrust update

Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services’ annual conference. Continue reading

Judge ‘baffled’ why Anywhere won’t give up NAR commission rule docs

Judge M. Page Kelley pushed back against the real estate holding company formerly known as Realogy, noting that NAR’s buyer broker commission rule is “virtually identical” to that of MLS PIN. Continue reading

Anywhere fights sellers’ bid to give up docs on NAR commission rule

A federal court will hold oral arguments later this month on whether the franchisor’s implementation of the policy nationwide is relevant to the homesellers’ case in the MLS PIN service area. Continue reading

Will Compass’ changes to agent pay slow its growth?

The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away. Continue reading

Industry warned to prepare for $40B hit on commissions

Buyer’s agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian Boero said at Inman Connect. Continue reading

Commission study paid for by HomeServices comes under fire

The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading

Northwest MLS to directly spell out homesellers’ commission obligation

Effective Oct. 3, NWMLS’s forms will specify that buyer broker compensation will come directly from sellers and offer new options for how listing agents and buyer agents will be paid. Continue reading