Sitzer | Burnett: Live updates from the buyer-agent commission trial

The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more. Continue reading

Full court press: What to know as the commission battle starts today

The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won’t see — it’s all here as the long-awaited Sitzer | Burnett commission trial unfolds this week. Continue reading

Stakes are incalculable for NAR as bombshell commission trial looms

Next week’s long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate’s most powerful trade organization as it navigates a series of existential challenges. Continue reading

RE/MAX becomes 3rd major firm to distance itself from NAR

In announcing the details of its settlement in the bombshell commission suits, the franchisor said that agents and brokerages would “have the freedom to set and/or negotiate commissions as they see fit.” Continue reading

$100M San Francisco team OWN Real Estate joins KW

After four years with Side Real Estate, OWN Real Estate founder Wilson Leung has brought his team back to Keller Williams. OWN’s 19 agents closed 80 transactions worth $107.1 million in 2022. Continue reading

Andy Florance: Bombshell lawsuits will upend Zillow’s business model

CoStar CEO Andy Florance dished with Intel about the commission lawsuits, nemesis Zillow and NAR as Homes.com nabbed 100 million unique visitors for the first time ever in September. Continue reading

Big Keller Williams franchise group launches mortgage JV with Newrez

One of Keller Williams Realty’s biggest franchise groups, Georgia Legacy Group, has teamed up with national mortgage lender and servicer Newrez to launch a joint venture, Onward Home Mortgage. Continue reading

DOJ’s ‘concerns’ may jeopardize an MLS commission settlement

The antitrust enforcer suggests the rule changes in the proposed deal don’t go far enough. Plaintiffs’ attorneys say the agency has failed to articulate its specific concerns. Continue reading

Keller Williams scoops up top New Orleans agent

Chris Smith joins Keller Williams from Latter & Blum. The move comes as major real estate brands compete intensely for top talent. Continue reading

RE/MAX settles bombshell commission lawsuits for $55M

The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including “no longer forcing homesellers to pay buyer’s agents.” Continue reading