REBNY sues over new commission rules for NYC brokers
The Real Estate Board of New York told a federal court that rules limiting how agents are paid will make it harder for renters to find apartments.
December 18, 2024
Stephanie Reid-Simons
Senior Vice President
Stephanie followed her grandpa's path into journalism, reporting and editing her way into leadership roles with news teams covering everything from courts and crime to entertainment, sports and business. At Amazon and Zillow, she used her strategic storytelling skills to earn the attention of millions of people, establish a content marketing practice and help build a creative agency. She enjoys spending time with her family and tackling overly ambitious home-improvement projects.
Page 7 of 14
- DOJ to Supreme Court: Ending NAR probes forever a ‘nonstarter’The National Association of Realtors and Department of Justice reached a deal in 2020, and since then have fiercely debated whether the case can be reopened.December 12, 2024
- Alexander brothers arrested, face sex trafficking chargesThe celebrity real estate brokers are accused of using their “wealth and prominent position in real estate” to drug and sexually assault women.December 11, 2024
- DOJ ends antitrust probe into rental pricing, RealPage saysThe property management software company, which still faces civil suits, says it will “continue to aggressively defend itself” against “baseless allegations.”December 9, 2024
- New NAR guide explains types of agency to consumersA real estate professional can help homebuyers and sellers in a number of ways. Not all of them are legal everywhere, but all require disclosure and agreement.December 7, 2024
- The Ten 2024: New rules, old battles and seeking ‘peace’Leaders stepped up as the NAR settlement changed the game, Clear Cooperation fueled division and the Department of Justice stoked fears in this surprising year.December 5, 2024
- Compass to acquire @properties, Christie's International Real EstateThe $444 million deal brings the 8th-largest brokerage firm into the Compass fold and represents the brokerage giant’s first major move into the global market.December 2, 2024
- Judge defends ‘fair’ settlements with NAR, HomeServicesWhile class members “may not recover every dollar they paid to real estate agents, that is the nature of settlements,” Judge Bough wrote in his Nov. 27 order.November 27, 2024
- NAR’s next president: This industry is ‘worth fighting for’Kevin Brown, who will lead NAR in 2026, says he’s seen “the transformative power of homeownership” to move people out of poverty. “That’s why I do this.”November 27, 2024
- Judge approves $700 million in deals with NAR, HomeServicesA last-minute filing by the DOJ and a handful of objections failed to derail the settlements, which cap more than five years of litigation in Sitzer/Burnett.Updated November 26, 2024
- Reffkin ‘mischaracterizes’ new Clear Cooperation data, report author saysThe Compass CEO said more than a third of consumers prefer private listings and called out "false narratives" from MLSs. Does that tell the whole story?November 25, 2024
- What Realtors should know about ‘golden ticket’ for homebuyersHUD leader explains the benefits of housing counseling and the “critical role” of agents, says the agency has no “official position” on the NAR settlement.November 21, 2024
- Why NAHREP is speaking out in favor of Clear CooperationThe National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.”November 19, 2024
- NAR’s ‘lavish’ spending includes six-figure pay for volunteersLeaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.November 18, 2024
- Compass unveils luxury-focused vacation home businessAgents with Compass Resorts go beyond white-glove treatment and become "more like wealth managers" to support clients in this space, its founders say.November 13, 2024
- NAR seeking outside help to get ahead of antitrust issuesCEO Nykia Wright said she is also engaging a chief human resources officer, as well as a special advisor to help re-establish broker relationships.November 11, 2024
- What’s next for Opendoor after layoffs and $78 million loss?Top iBuyer highlights new products and shifts in agent pay as it joins Offerpad, Elliman and Fathom in finding bright spots after tough third-quarter results.November 10, 2024
- The future of MLS? It's Zillow, says Compass CEORobert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.November 9, 2024
- NAR president works to rally ‘the boots on the ground’Kevin Sears kicked off NAR NXT with an acknowledgement of real estate industry challenges and a message of unity. His go-to message: “We protect consumers.”November 8, 2024
- Real continues its rise, focused ‘on what we can control’The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.November 7, 2024
