Keller Williams settles Sitzer, Moehrl commission suits for $70M

Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR. Continue reading

Long-serving HAR CEO Bob Hale announces his retirement

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

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

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

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

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

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

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

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

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