Tag Archives: sitzer/burnett

Who’s out: The brokerages not covered in the NAR settlement

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More than 90 brokerages would not be covered under the $418 million deal, though most have the option of buying in. Continue reading →

How commission chaos divided the real estate industry into 4 factions

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The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward. Continue reading →

Court weighs $4.7B Sitzer ruling against last holdout HomeServices

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Sitzer | Burnett plaintiffs asked the court to order the Berkshire Hathaway affiliate to pay most of the nearly $5.4 billion damages award after NAR, Keller Williams, Anywhere and RE/MAX settle. Continue reading →

Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout

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After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX. Continue reading →

Baird & Warner at center of latest commission lawsuit filed in Illinois

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Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant. Continue reading →

Elephant in the room: What execs revealed about commissions in Q4

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In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves. Continue reading →

Howard Hanna dismissed from mother of all commission suits

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Howard Hanna had been one of several defendants in a case known as Batton 2, which was brought by homebuyers and has a much larger scope than some better-known cases. Continue reading →

9 post-Sitzer questions we still don’t have answers to

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Change always brings chaos and disruption, broker Cara Ameer writes. While many of these issues have been lurking in the background before we knew what Sitzer | Burnett was, they illustrate the work that remains to be done. Continue reading →

The new agent’s essential guide to the commission lawsuits

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Confused about commission cases? Bernice Ross provides the rundown on what you need to know, what’s most likely to change, how it may impact your pocketbook and steps to take to be prepared for what’s ahead. Continue reading →

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 →