Fathom settles commissions lawsuit for $2.95 million
The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.
September 16, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Attorneys want nearly a quarter billion of NAR, HSoA damagesUsing the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.September 16, 2024
- 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
- 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
- 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
- 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
- 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
- Florida brokerage the latest to settle in commissions caseThe Keyes Company has reached an agreement in the Gibson lawsuit as the settlement fund nears $1 billion.September 3, 2024
- More Realtors expect an uptick in buyers this fallNAR’s latest confidence survey also suggests that buyers gained some leverage this summer, but overall sales were down.September 3, 2024
- When should sellers play the concessions card?With new rules in place, listing agents need to consider several factors when helping sellers determine their approach to buy-side compensation.August 30, 2024
- Key player in Sitzer/Burnett launches real estate startup“Our hard-won settlement paved the way for a new era,” said Josh Sitzer, whose company offers flat-fee home tour and offer preparation services for buyers.August 29, 2024
- NAR to appeal DOJ case to the Supreme CourtThe association will ask the highest court to weigh in on the case after a lower court ruled that the DOJ could continue its investigation into NAR policies.August 29, 2024
- Mortgage rates plunge to lowest level in 15 monthsRates are edging closer to 6%, but the downward trend still hasn’t translated into sales as potential homebuyers play the waiting game.August 29, 2024
- Nick Bailey returns to real estate leadership in new capacityThe former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.August 29, 2024
- In 8 states, inventory is now above pre-pandemic levelsOklahoma and Texas lead the way, with supply up nearly 20% compared to the same week in 2019.August 28, 2024
- Home prices have been rising for more than a decadeThe housing market has seen its share of highs and lows in recent years, but appreciation has only moved in one direction: up. Could that be changing?August 27, 2024
- Buyers are snatching up starter homesPending sales for all other tiers were down compared to last year, but entry-level homes attracted significant buyer interest in July.August 26, 2024
- KW ‘best equipped to grow’ in post-settlement worldBrokerages need to define their purpose in this new era, says Keller Williams CEO Mark Willis, and training, tech will be key to KW’s identity.August 26, 2024
- A bright spot in a sluggish market: New homes are hotNew home sales jumped 10.6% in July as builders took advantage of lower mortgage rates and used incentives to close deals.August 23, 2024
