Tag Archives: sitzer/burnett

Exemplary agents will see commissions grow: NextHome CEO

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NextHome CEO James Dwiggins points out that the final chapter of the bombshell commission lawsuits hasn’t been written in this interview with Bernice Ross. Find out what you need to know to plan ahead. Continue reading →

Opendoor can’t hang on to profitability as Q3 revenue craters

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The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading →

‘A new age’: Brad Inman, panelists unpack the Sitzer | Burnett verdict

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During a live session Wednesday at virtual Connect, Brad Inman moderated a panel with Russ Cofano and Kendall Bonner on what lies ahead for agents as the commission model is upended. 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 →

Redfin CEO: With commissions in peril ‘cooperation may crumble’

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Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading →

Verdict’s in: Brad Inman, experts break it down at Inman Connect

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Join Brad Inman, Kendall Bonner and Russ Cofano at Virtual Connect on Wednesday as they tackle the historic Sitzer | Burnett ruling and what it means for you. It’s all part of a 2-day virtual ticket, just $149. 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 →

As Sitzer verdict nears, here’s how to protect your buyer commission

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While everyone waits and worries about the outcome of the current commission trial, there’s already a perfectly simple solution to defining and communicating with buyers about your commission, writes broker-owner Teresa Boardman. Continue reading →