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
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
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
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
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
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
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
A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing. Continue reading
Real estate’s brightest leaders shared their thoughts on the market, insights on the bombshell commission lawsuits and how the industry might change in the future during Inman CEO Connect this month. Continue reading
U.S. District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution and fair housing. Continue reading