Real estate brokerages notch procedural victory in commission caseCorporate brokerages RE/MAX, Keller Williams, and Anywhere received a temporary stay in homebuyer commission lawsuits, preserving judicial resources during ongoing appeals.
Opt-in MLSs, brokerages seek preliminary approval of commission suit settlementsBrokerages and MLSs are seeking preliminary court approval for commission lawsuit settlements related to the NAR agreement.A collective contribution of $30.6 million is in discussion from entities opting into the NAR settlement.
If commission rates drop, these real estate brokerages could be in troubleLarger brokerages are more vulnerable to commission rate reductions due to higher fixed costs, while smaller brokerages exhibit greater financial stability.
Jason Oppenheim lambasts Compass' Robert Reffkin over Clear CooperationOppenheim strongly opposes the removal of the Clear Cooperation Policy, citing transparency concerns and potential legal implications for agents.
Which real estate brokerages are winning and losing at recruiting?U.S. real estate brokerages are struggling due to housing affordability issues and must adapt by increasing agent counts in a challenging market.
Agents might be more tempted to switch brokerages in 2024Real estate agents are more willing to change brokerages in 2024 compared to last year.
Real estate brokerages notch procedural victory in commission caseCorporate brokerages RE/MAX, Keller Williams, and Anywhere received a temporary stay in homebuyer commission lawsuits, preserving judicial resources during ongoing appeals.
Opt-in MLSs, brokerages seek preliminary approval of commission suit settlementsBrokerages and MLSs are seeking preliminary court approval for commission lawsuit settlements related to the NAR agreement.A collective contribution of $30.6 million is in discussion from entities opting into the NAR settlement.
If commission rates drop, these real estate brokerages could be in troubleLarger brokerages are more vulnerable to commission rate reductions due to higher fixed costs, while smaller brokerages exhibit greater financial stability.
Jason Oppenheim lambasts Compass' Robert Reffkin over Clear CooperationOppenheim strongly opposes the removal of the Clear Cooperation Policy, citing transparency concerns and potential legal implications for agents.
Which real estate brokerages are winning and losing at recruiting?U.S. real estate brokerages are struggling due to housing affordability issues and must adapt by increasing agent counts in a challenging market.
Agents might be more tempted to switch brokerages in 2024Real estate agents are more willing to change brokerages in 2024 compared to last year.
Commercial Brokerages Cut Staff and Diversify to Stem LossesCommercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates.
Compass Imposed With A $500,000,000 Fine Boston Condos For Sale Ford RealtyNAR settlement imposes penalties on high-volume brokerages like Compass.Compass faces a $500 million fine due to its high sales volume.
Opinion: The industry is positioned for a mass exodus of real estate agentsReal estate agents facing uncertainty may lead to mass industry exodus; brokerages must retain agents to avoid diminishing numbers.
Compass Imposed With A $500,000,000 Fine Boston Condos For Sale Ford RealtyNAR settlement imposes penalties on high-volume brokerages like Compass.Compass faces a $500 million fine due to its high sales volume.
Opinion: The industry is positioned for a mass exodus of real estate agentsReal estate agents facing uncertainty may lead to mass industry exodus; brokerages must retain agents to avoid diminishing numbers.