Tag Archives: sitzer/burnett

Sitzer litigation: What agents need to hear from you now

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According to CEO Dan Stewart, the way you communicate with clients and agents right now will set you up for success as buyer commission litigation continues to unwind. Continue reading →

Compass trims losses, improves cash flow despite Q3 revenue dip

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The brokerage saw revenue fall 10 percent year over year, but also managed to cut net losses from $154 million in the third quarter of last year to $39 million this time around, according to a Q3 earnings call Monday. Continue reading →

Distance yourself from disaster. 10 to-dos in the wake of Sitzer

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Do you feel like NAR is playing a game of chicken with your business? You’re probably not alone, writes Rachael Hite. Here are 10 action steps you can take right now to build sustainability into your business. Continue reading →

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 →