Tag Archives: National Association of Realtors

Donna Gland, longtime NAR HR Chief, set to retire after 38 years

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Some NAR staffers and members had called for Gland’s resignation, alleging she allowed a toxic work environment to flourish. Continue reading →

Mother of all commission suits filed in Illinois, this time by homebuyers

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“Batton 2,” exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson. Continue reading →

Sitzer | Burnett plaintiffs’ attorneys in talks with Department of Justice

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Disrupting the National Association of Realtors’ use of multiple listing services as a “vehicle for higher commissions” is at the center of talks, lawyer Michael Ketchmark told Inman exclusively. Continue reading →

Compass trims losses, improves cash flow despite Q3 revenue dip

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The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading →

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

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Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading →

Sitzer attorney files new suit against Compass, Redfin, others

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Michael Ketchmark filed the new lawsuit just moments after a jury sided with his clients in the Sitzer | Burnett case. The new suit claims another batch of companies committed a conspiracy Continue reading →

Jury finds in favor of homeseller plaintiffs in Sitzer | Burnett trial

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Jurors on Tuesday shocked the real estate industry, awarding damages adding up to $5.36 billion to homesellers after deliberating for 2 hours and 28 minutes. Continue reading →

Sitzer | Burnett closing arguments wrap as judgment day approaches

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In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions. Continue reading →

Sitzer defendants ask for mistrial as HomeServices alleges ‘ambush’

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HomeServices of America attorneys filed a motion Wednesday requesting a mistrial in the Sitzer | Burnett trial, saying a video submitted a day earlier jeopardizes its chances for a fair trial. Continue reading →

Tom Ferry podcast video delivers fresh drama at Sitzer | Burnett trial

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On Tuesday, plaintiffs’ attorney Michael Ketchmark played a video of a Tom Ferry interview with Allan Dalton of Berkshire Hathaway HomeServices that drew objections and threatened to derail proceedings. Continue reading →