HomeServices responds to massive damages request
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.
April 1, 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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- 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
- HomeServices stays the course in commissions lawsuitsNow the lone defendant in at least two cases, the brokerage vows to "aggressively pursue options" to resolve litigation even as it faces billions in damages.March 20, 2024
- Plaintiffs seek whopping $4.7 billion from HomeServicesThe last defendant in the Sitzer/Burnett commissions case said it anticipated the motion and will respond with its own court filings in April.March 18, 2024
- Homebuilder sentiment at highest level since last summerLow existing home inventory and the expectation of falling interest rates continue to drive builder optimism. Also, housing starts are up 5.9% vs. last year.March 18, 2024
- 90-plus brokerages left out of NAR commissions deal. What’s next?Top companies and MLSs outside the settlement can take part in a streamlined process to pay into a fund — but it could cost millions.March 15, 2024
- NAR commissions settlement details revealedCourt documents outline a payment schedule and a series of rule changes, including the elimination of offers of compensation through the MLS.March 15, 2024
- Commissions cases: The next 90 days could change everythingThree key decisions, including the Sitzer/Burnett judgment, are expected this spring — and they could determine what happens next for the industry.March 14, 2024
- Mortgage rates see biggest weekly drop since DecemberRates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.March 14, 2024
