Tag Archives: sitzer/burnett

Compass lifts agent count in Q4 but falls short of positive cash flow

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The fast-growing brokerage also suffered a net loss of $83.7 million in the quarter, which was an improvement compared to the loss one year earlier. Continue reading →

NAR breaks silence on DOJ call to decouple commissions

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Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading →

NAR: Commission suit insurance coverage ran out ‘some time ago’

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There are no funds under NAR’s policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group. Continue reading →

HomeServices dropped from long-running buyer commission lawsuit

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The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices. Continue reading →

Tomorrow’s problem? Not for these Sitzer-spooked brokerages: Triple-I

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More than 1 in 4 agents say their brokerage has changed its policy on buyer agency agreements, and fallout from commission suits has already taken a toll, according to Inman Intel Index results. Continue reading →

NAR hits back following ‘external commentary’ critical of the group

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NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the U.S. Department of Justice wants big changes in real estate. Continue reading →

NAR halts ‘presidential initiatives’ for next 2 years amid turmoil

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The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. Continue reading →

‘The vibe is pretty good’ as first earnings season of 2024 kicks off

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Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading →

Utah homeseller files commission lawsuit against NAR, 13 others

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The complaint — one of nearly two dozen targeting real estate’s long-standing commission-sharing structure — alleges that “most” buyer agents will steer clients away from listings that offer a lower commission. Continue reading →

NAR president: The DOJ is a ‘bigger problem’ than $1.8B Sitzer verdict

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In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it “forced down our throats.” Continue reading →