Your commission’s on trial. Here’s what to know: The Download

The bombshell buyer commission trial is finally here. We’re making sure you’re all caught up before it begins this week. Continue reading

‘Modest’ commission proposals are insufficient, says watchdog

Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions. Continue reading

‘The fallout has gotten crazy’: Cold feet cited for rise in dashed deals

Nearly 60,000 home purchase contracts were canceled during August, according to Redfin. But real estate agents told Inman that buyer uncertainty and inexperienced new agents are to blame. 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

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

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

Hollywood’s top 35 luxury real estate agents, revealed

It takes a highly qualified real estate agent to perform at the level that some of the world’s wealthiest celebrities demand. Here are the top ones serving Hollywood, according to “The Hollywood Reporter.” Continue reading

Compass adds 10 principal agents to Ocean City office

Compass has recruited 15 agents from an Ocean City, New Jersey, RE/MAX franchise, 10 of whom will serve as principal agents. The new recruits represent $136 million in 2022 sales volume. Continue reading

CrossCountry Mortgage CEO nails profit on $30M Fort Lauderdale pad

Ronald Leonhardt Jr. purchased the Harbor Beach home for $23 million in 2021. It includes 120 feet of water frontage, a lap pool, a full summer kitchen and docking capabilities for a megayacht. Continue reading