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.
Category: sitzer/burnett
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.
From Sitzer to Moehrl, 2023 was the year of commission confusion
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.
The biggest story of the year (according to you): The Download
The biggest story of the year was our liveblog coverage of the Sitzer | Burnett commission trial. Get caught up with a special end-of-year edition of The Download.
Inman Intel Index: Anxiety among rank and file up in wake of Sitzer
For weeks, the eyes of real estate’s agents and leadership were on the Sitzer | Burnett trial. They shared their thoughts and fears as part of Intel’s monthly real estate sentiment survey.
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.
The commission suit tsunami is upon us: The Download
Catch up with the “mother of all lawsuits” and all of the other so-called copycats that have followed in the wake of Sitzer | Burnett.
Sitzer | Burnett closing arguments wrap as judgment day approaches
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions.
As Sitzer | Burnett trial winds down, plan for what’s next: The Download
As the first of the buyer commission trials draws to a close, get to know the plaintiffs in Sitzer | Burnett and plan for the changes ahead.
Agents steer buyers to homes with better commissions, study claims
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers’ agents received less attention and took longer to sell.