In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy. Continue reading
After four years at eXp Realty, Michael Valdes is moving to LPT Realty. After surpassing 10,000 agents in the U.S., the Florida-based brokerage is ready to expand internationally, executives told Inman. Continue reading
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs. Continue reading
The trade group’s attorney says NAR is “still analyzing” the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a “different case” that will likely go to trial in Q4 2024. Continue reading
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
The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won’t see — it’s all here as the long-awaited Sitzer | Burnett commission trial unfolds this week. Continue reading
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
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including “no longer forcing homesellers to pay buyer’s agents.” Continue reading
Judge Patti Saris, of the U.S. District Court in Massachusetts, preliminarily approved the deal after the settlement fund was restructured. Continue reading
Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to “change its practices.” Continue reading