It’s baaack! Homebuyer commission suit against NAR rises from ashes

On Wednesday, eight homebuyers filed an amended complaint, once thought to be dead, against NAR, Realogy, Keller Williams and others alleging NAR rules have inflated agent commissions. Continue reading

What happens to buyers’ agents if the bombshell lawsuit explodes?

Multiple lawsuits are challenging the way agents get paid. Inman asked experts what that means, and how the future of real estate might evolve as a result of changes to the commission structure. Continue reading

‘Longstanding conspiracy’: Why the bombshell commission suit matters

Millions of homesellers across the country may be able to seek billions in damages for commissions they paid to buyer agents between 2015 and 2020. Here’s why it matters. Continue reading

‘Radical’ and ‘doomed’: The case against the ‘bombshell’ Moehrl suit

The real estate establishment’s latest salvo against the so-called “bombshell” buyers’ agent case is a sprawling, 3,000-word argument against granting class-action status in the Moehrl federal lawsuit. Continue reading

LGBTQ+ Real Estate Alliance blasts NAR for supporting Anti-LGBTQ candidates

In the wake of the worst two years of anti-LGBTQ legislation, the LGBTQ+ Real Estate Alliance calls on the National Association of Realtors and its lobbying arm, the Realtor Political Action Committee to stop funding local, state or nationally-elected … Continue reading

Pending home sales climb in May following 6 months of declines

But the modest .7 percent increase shouldn’t discount clear evidence of a transition spurred by high prices and mortgage rates, according to new data from the National Association of Realtors. Continue reading

US existing-home sales prices tally new record after topping $400K

Total sales of existing homes, condos and co-ops dropped 3.4 percent between April and May to a seasonally adjusted rate of 5.4 million, according to new data from the National Association of Realtors. Continue reading

As layoffs spread, here are some resources to help

Inman has created a Talent Pass that gives newly jobless real estate pros free access to the upcoming Inman Connect Las Vegas. Continue reading

Appeals court rejects NAR class certification challenge in lawsuit

The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023. Continue reading

Real estate agents received billions in PPP loans during the pandemic

More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Continue reading