NextHome settles commissions copycat case
Terms of the deal — which still requires a judge’s OK — were not revealed. Meanwhile, the settlement fund for Sitzer, Moehrl and Gibson is nearing $1 billion.
September 11, 2024
Real Estate News: The latest news for agents and other pros.
- Sellers willing to pay buyer agents — but not in all marketsAgents are talking about compensation “in more depth than ever before” and clearing up a lot of confusion as agent fees stay “mostly the same,” Redfin found.September 11, 2024
- Clear Cooperation: ‘Imperative’ or legal risk?The future of private listings and MLS integrity is at stake as a key NAR committee meets this week to hear arguments about keeping — or scrapping — the policy.September 11, 2024
- NAR doing a good job, associations say; MLSs aren’t so sureA recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.September 10, 2024
- Revise or remove Clear Cooperation, most industry pros sayAccording to a recent WAV Group poll of real estate professionals, only 28% want to keep the policy as-is, with many citing concerns over litigation.September 10, 2024
- Agents, here’s some motivation for uncertain buyersA bright spot in a tough market? The best time to buy in 2024 — and save upwards of $14,000 — is just weeks away, says Realtor.com.September 10, 2024
- Record share of consumers expect mortgage rates to fallA Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.September 9, 2024
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- Redfin expands pay plan across the USThe brokerage will be offering its Redfin Next commission-split plan to agents in all markets starting Oct. 27, a year after it unveiled the pilot program.September 9, 2024
- Sponsored ContentRealtor.com PRO: Exclusive news, insights, and adviceDiscover the newest updates on our products and company, along with expert tips tailored for agents, team leads, and brokers.
Commissions in jeopardy
Following the Sitzer/Burnett verdict, lawsuits challenging long-standing commissions practices have cropped up across the country — some local, some national in scope.
Learn more
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- Data shares expand in the Southeast, renew in ColoradoAgents in four states — Tennessee, Georgia and the Carolinas — can now access 1.9 million shared listings, while REcolorado and IRES re-up their partnership.September 7, 2024
- Brokerage Beat: News from eXp, The Agency, Coldwell BankereXp nabs Maryland mega-team and Vancouver group; The Agency opens new Brooklyn office; Coldwell Banker gains top producers in Boston.Updated September 7, 2024
- People on the Move: Rayse adds 3 C-level leadersAgent-client collaborative platform Rayse engages industry veterans as it works to empower real estate professionals; Fannie Mae chief economist stepping down.September 6, 2024
- How low will the Fed go?A mixed August jobs report has economists speculating about how deep of an interest rate cut the Federal Reserve might make on Sept. 18.September 6, 2024
- ‘Unfiltered’: eXp’s bold play to ‘go further than the settlement’Watch the conversation with eXp CEO Leo Pareja as he discusses the company’s decision to do away with cooperative compensation and lead the way on forms.September 6, 2024
- Tech Bytes: News from Zillow, Revive, Long & Foster, moreZillow upgrades AI search; Revive's valuation tool now free; Long & Foster enhances chatbot; LeadingRE adds Move Concierge; Calque expands financing products.September 6, 2024
- Why the market is primed for a mini-rally this fallMore choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.September 5, 2024
- NYC and Chicago remain most vulnerable marketsA new report from ATTOM indicates that select counties in California, New Jersey and Illinois are most at risk of a housing market downturn.September 5, 2024
- How about a 0.3% mortgage? A world of difference in JapanThe “free” ride may not last as officials seek solutions for a deflationary economy and a glut of homes — the mirror image of what the U.S. is dealing with.September 4, 2024
- Judge recuses herself from Moehrl, Batton casesThe commissions cases will be reassigned after Judge Andrea Wood was made aware of a possible conflict of interest.Updated September 5, 2024
