Fetch Agent promises to catch ‘motivated buyers’

Fetch Agent calls itself a “cutting-edge platform that humanizes the house-hunting experience by seamlessly connecting homebuyers directly with buyer’s agents to find their next home.” Continue reading

Judge denies Crye-Leike claim that it’s covered by NAR settlement

The Memphis-based brokerage had argued in court that it was made up of six distinct and separate companies that should be covered under the settlement by the National Association of Realtors. Continue reading

Legal tit-for-tat pulls back curtain on eXp’s ‘sweetheart’ settlement

In new court filings, eXp, Weichert and plaintiffs share new details about how settlement negotiations in the Gibson case fell apart before the brokerage moved to settle in a case called Hooper. Continue reading

Commissions have fallen for homes above $500K, Redfin says

Overall buyer’s agent commissions average 2.37 percent, essentially unchanged since August. Commissions rose for homes below $500,000, according to the new report. Continue reading

NAR asks court to dismiss lawsuit filed by discount brokerage Homie

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot. Continue reading

Fathom Realty agrees to pay $2.95M to settle commission suit

The company denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue growing the business. Continue reading

In lawns and on key chains, stealth commission offers raise red flags

Images that conceal commission offers, like a “3%” mowed into freshly cut grass, have become a phenomenon on message boards and online residential listings, according to an Inman analysis. Continue reading

Trust in real estate hits ‘all-time low,’ Coldwell Banker CEO says

Kamini Lane spoke to the crowd at Thursday’s Inman Connect Las Vegas on industry perception and the prevalence of part-time “slashies.” Continue reading

DOJ has close eye on settlement workarounds, NAR President says

In a statement sent to NAR members, Kevin Sears confirmed executives of the trade organization met with Assistant Attorney General Jonathan Kanter last week to discuss settlement updates. Continue reading

VA officially unveils rules to allow vets to pay broker commissions

The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape. Continue reading