NAR and Anywhere clash over commission class action trial

The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading

Abuzz, then a bust: What happened with all that big ‘platform’ chatter?

Real estate platforms were a hot topic a few years ago, but for even some of the biggest companies, sprawling enterprise has been the quickest way to failure, Inman founder Brad Inman writes. Continue reading

‘Deteriorating market’ takes toll on Anywhere for 2nd-straight quarter

Revenue and closed transaction volume both declined 17 percent year over year despite agent count growth of 7 percent over the same period, according to a Q3 earnings report Thursday morning. Continue reading

Anywhere and Compass settle agent recruiting suit, capping 3-year feud

The companies submitted a joint filing to the New York Supreme Court on Oct. 4 asserting they had agreed to end the litigation permanently and that each side would pay their own costs. Continue reading

Court orders Anywhere to hand over NAR commission rule documents

Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN’s “substantively identical” buyer broker commission rules. Continue reading

‘Don’t wait until the plane crashes’: Lawyers offer grim antitrust update

Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services’ annual conference. Continue reading

Judge ‘baffled’ why Anywhere won’t give up NAR commission rule docs

Judge M. Page Kelley pushed back against the real estate holding company formerly known as Realogy, noting that NAR’s buyer broker commission rule is “virtually identical” to that of MLS PIN. Continue reading

Swanepoel says this company is still ‘the 800-pound gorilla’ in real estate

Several newer brokerages have made big strides. But real estate executive Stefan Swanepoel says one established juggernaut still looms large: The holding company formerly known as Realogy. Continue reading

Anywhere fights sellers’ bid to give up docs on NAR commission rule

A federal court will hold oral arguments later this month on whether the franchisor’s implementation of the policy nationwide is relevant to the homesellers’ case in the MLS PIN service area. Continue reading

Real estate stocks are getting absolutely destroyed right now

Multiple real estate companies are seeing share prices fall to all-time lows. If they can’t ultimately turn around their stock market performances, their falling share prices could have profound impacts on the real estate industry. Continue reading