Franchiser is the second real estate defendant to be dismissed from the flat-fee brokerage’s lawsuit that claimed an anticompetitive scheme to defeat discount brokerages. Continue reading
What will happen with the commission litigation? Which companies may merge? How will consumers behave? The only thing that’s certain is that real estate’s next episode will be big. Continue reading
In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy. Continue reading
Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot. Continue reading
The flat-fee brokerage dismissed its antitrust case against the MLS but kept as defendants Keller Williams, the National Association of Realtors, Anywhere, HomeServices of America and RE/MAX. Continue reading
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
The suit accuses NAR and major franchisors of breaking antitrust laws. The company’s complaint includes alleged text messages in which agents refused to show Homie listings. Continue reading
The Utah-based disruptor “moved our real estate agents from W2 to 1099” while other “non-Homie” agents were laid off last week due to “role redundancy,” a Homie spokesperson confirmed to Inman. Continue reading
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading
The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading