Tag Archives: sitzer/burnett

Long-serving HAR CEO Bob Hale announces his retirement

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Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO. Continue reading →

Pocket listing suit against NAR ‘paused’ for settlement talks

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NAR was dismissed without paying any money or making any rule changes, but The PLS says it can reopen the case if they don’t come to a deal. Continue reading →

Attorney lays out how real estate can survive the commission suits

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At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements. Continue reading →

Commercial deals offer a new post-Sitzer compensation model

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Want to get paid? Start studying up on how U.S. commercial commissions are negotiated. That’s where the residential side of real estate is headed, four experts argued at Inman Connect New York. Continue reading →

Post-Sitzer, the opinion of 8 people doesn’t diminish agent value

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According to coach Darryl Davis, the opinion of eight people doesn’t prove anything about the reality of our industry. By staying positive, keeping perspective and being proactive, real estate agents can continue to demonstrate their worth. Continue reading →

NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit

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The defendants point to “legal errors at trial” they say justify setting aside the jury’s historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court. Continue reading →

Agents are worth more than the current commission model

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Agent, attorney, coach and yoga instructor Renee Fishman joins Bernice Ross to discuss the problems and opportunities provided by the ongoing commission debate. Continue reading →

Robert Reffkin relinquishes stock unit awards for $7M cash bonus

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An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000. Continue reading →

A Maryland homeowner just filed yet another commission lawsuit

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The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants. Continue reading →

From Sitzer to Moehrl, 2023 was the year of commission confusion

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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 →