Real Brokerage makes $9.25 million deal to settle commissions suit
The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.
April 8, 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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- Lawsuits over KW profit-sharing changes continue to multiplyAt least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.Updated April 8, 2024
- DOJ can reopen its investigation into NAR, appeals court rulesRuling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.April 5, 2024
- Mortgage rates remain steady, but for how long?Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.April 4, 2024
- Price cuts hit a five-year highThere are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.April 4, 2024
- Keller Williams hit with another telemarketing class-actionAfter reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.April 3, 2024
- A resurgence of first-time buyers, and a look at agent payNAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.April 3, 2024
- HomeServices responds to massive damages requestThe 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.April 1, 2024
- Why all eyes are on the Nosalek caseCMLS is the latest organization to weigh in on the Massachetts case, while a dispute with the DOJ could shed light on the fate of compensation rules nationally.April 1, 2024
- Agents must get on board with the ‘new way’ of doing businessIn just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.March 30, 2024
- Arguments against consolidation dominate hearingJudges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.March 28, 2024
- Northwest MLS criticizes DOJ commissions stanceThe 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.March 27, 2024
- Herding the commissions copycats: Judges to hear argumentsEven as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.March 27, 2024
- Judge says Sitzer/Burnett will remain a class actionHomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.March 26, 2024
- 2019 commissions case now on track for January trialThe Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.March 26, 2024
- KW hit with $250M lawsuit over profit sharing reductionsA former Keller Williams agent argues that the brokerage doesn’t have the right to retroactively alter the program — and now 4 more cases have been filed.Updated April 2, 2024
- New home sales cool, but still up nearly 6% annuallyThe inventory of new homes remains elevated, helping offset the low levels of available existing homes.Updated March 26, 2024
- These MLSs could be on the hook for $34 millionThe 30 broker-owned or hybrid MLSs not covered by NAR’s settlement agreement must decide whether to pay into a settlement fund, request mediation, or fight on.March 23, 2024
- Spring kicks off with rising mortgage ratesHomebuyers may have more choices, but financing continues to be challenging.March 21, 2024
- Could NAR’s settlement derail MLS PIN agreement?Plaintiffs ask for more time to respond to the DOJ following NAR’s announcement, which could affect the existing deal in the Nosalek case.March 20, 2024
