The franchisors are not required to implement the business practice changes they agreed to until after the appeals process.
Category: moehrl
Sitzer | Burnett judge consolidates 2 nationwide commission suits
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide.
60-day clock begins for brokerages seeking to opt into $418M NAR deal
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.
Sitzer | Burnett plaintiffs’ attorneys ask for a third of settlement payout
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.
RE/MAX parent appoints former DISH Network exec as CEO
Erik Carlson comes to RE/MAX in the wake of Adam Contos’ departure. He also joins the company at a tumultuous time for the real estate industry.
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry.
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.
‘Modest’ commission proposals are insufficient, says watchdog
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive landscape around agent commissions.
Anywhere unveils the details of its bombshell commission settlement
Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors.