NextHome CEO on the ‘stupidest’ part of the commission settlement

James Dwiggins spoke at the inaugural Inman Connect Miami on Tuesday, arguing that clinging to the current status quo when it comes to commissions is a recipe for disaster. Continue reading

Owners of Marilyn Monroe house sue LA over demolition

The lawsuit filed last week alleges that the city of LA took part in “backroom machinations” in order to landmark a house that does not meet criteria for status as a historic cultural monument to “arrange the desired outcome.” Continue reading

Newcastle Courtyards persists in court challenge to Measure ULA

The group filed a brief with the U.S. Court of Appeals for the Ninth Circuit, requesting that the court overturn the dismissal of their lawsuit seeking to end the transfer tax on property sales priced $5 million and up. Continue reading

Brokers brace for NAR settlement to drive commissions south: Intel

A $418 million settlement in March by NAR caught agents and leaders by surprise. In a mixed bag of responses to the latest Intel Index poll, they shared their early reactions and existential fears. Continue reading

Elephant in the room: What execs revealed about commissions in Q4

In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves. Continue reading

LA developer hit with lawsuit for homeless housing Ponzi plot

California attorney general Rob Bonta claimed in a civil lawsuit filed in LA County Superior Court that Shangri-La Industries illegally put developments in the state’s Project Homekey homeless housing program under threat by borrowing against them. Continue reading

LA sued for canceling Mohamed Hadid’s spec home permits

J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property’s building site were still active. Continue reading

Nest Seekers sues Serhant in CT, adding to string of lawsuits

The $10 million lawsuit alleges two former Nest Seekers managers stole the firm’s commissions, clients, intellectual and other confidential property as Ryan Serhant used “unfair and deceptive trade practices” to launch SERHANT. in Connecticut. Continue reading

Time for brokers, agents to bridge the Sitzer disconnect: LeBarton

Brokerages have been scrambling to get agents up to speed on commissions lawsuits — but they may already be in deeper than broker-owners realize, Inman’s Director of Research tells Intel. Continue reading

Mauricio Umansky settles Malibu lawsuit with pro-Israel donation

Following the attack in Gaza in October, plaintiffs in a lawsuit against Umansky and his partners decided their time and energy would be “better served” on more important matters, allowing Umansky to settle with a donation to a pro-Israel charity. Continue reading