Tag Archives: commissions

Compass faces fourth lawsuit since initial public offering

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Former Compass agents Todd and Lisa Sheppard have filed a class-action suit against the brokerage for price-fixing and making unfair commission deductions. Continue reading →

NAR-DOJ rule changes won’t come for months

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Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March. Continue reading →

Listen: REX releases recordings of agent steering

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One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading →

NAR claps back on commission attacks

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The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading →

Consumer groups support REX suit against anti-rebate law

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The Consumer Federation of America and the Oregon State Public Interest Research Group argue that prohibiting rebates to buyers and sellers stifles commission competition and harms consumers. Continue reading →

Study commissioned by REX claims commissions are deeply inflated

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Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading →

Redfin pulls back on lead sales as video tours surge amid virus crisis

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CEO Glenn Kelman said in the latest episode of Inman’s Daily Dispatch podcast that his company continues to see strong traffic and that real estate will recover. Continue reading →

Fannie Mae, Freddie Mac subpoenaed in commission lawsuit

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Plaintiffs in an antitrust lawsuit that could shake up the real estate industry have subpoenaed mortgage giants Fannie Mae and Freddie Mac, sharpening scrutiny of real estate commissions nationwide. The subpoenas were issued by the smaller of two bombs… Continue reading →

New York broker fee ban paused amid industry lawsuit

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On Monday, a judge issued a temporary restraining order for a rule that would shift the burden of paying the fees from tenants to landlords. Continue reading →