Brokerage News

The brokerages are the first to settle following preliminary approval of the NAR agreement by a Missouri judge earlier this week.

Plaintiffs in Umpa and Gibson have asked the court to merge the two lawsuits. The antitrust cases cover similar ground and name several of the same defendants.

Real nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.

A Pennsylvania judge concluded the brokerage company has personal jurisdiction in a telemarketing lawsuit involving agents from a franchise office.

The judge in Sitzer/Burnett declined the plaintiffs’ motion to enter a $5.4 billion award, saying other motions and settlements need to be finalized.

The brokerage lost its bid to have the verdict tossed out, leaving it with fewer options as the lone defendant in the landmark commissions case.

$90M luxury agent moves to Corcoran; 40-year independent joins ERA Powered; Seattle broker hops from The Agency to Real; eXp highlights Q1 team recruitments.

Lamacchia teams up with Sears; top dealmaker returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates.

The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.

At least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.

More than a dozen new offices for Real; The Agency expands in Texas and The Hamptons; ERA adds Colorado affiliate; Briko and iList join eXp; a return to CB.

The brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.

After reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.

The acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.

Laura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.

The firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.

In just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.

Corcoran enters Oregon; Real expands in NorCal, PA; E&V adds Long Island shop; The Agency now in Edmonton; KW enters Bahamas; Christie's grows in Barbados, NJ.

The company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.