Bough also granted the plaintiffs’ attorneys request for one-third of the settlement payout plus cost reimbursement, adding up to $82.4 million. Settlements heading toward $1 billion Not only will the three settlements bring in a total of $208.5 million, but the Anywhere and RE/MAX settlements — inked before Sitzer | Burnett went to trial in [...]read moreSitzer Judge Indicates His Support For Proposed NAR Settlement
May is Commission and Compensation Month here at Inman. We’ll sort through the noise and misinformation and provide you with the most up-to-date facts and strategies about how to prosper in the wake of the commission settlements. And look for straight-to-your inbox updates with Inman’s new weekly digest, Commission Chronicles. The real estate landscape is [...]read moreYour Essential Marketing Toolkit For A Post-NAR Settlement Landscape
After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. Judge Stephen Bough has granted final approval to the commission lawsuit settlement agreements reached by Anywhere, RE/MAX and Keller Williams on Thursday. The settlement agreement will become effective following any appeals process, if applicable. As part of [...]read moreJudge approves brokerage commission lawsuit settlement agreements
A court has denied the Batton 1 plaintiffs’ last-minute attempt to block Thursday’s final approval hearing for the commission lawsuit settlement agreements from occurring. Earlier on Wednesday, the homebuyer plaintiffs in the Batton 1 commission lawsuit, filed in Chicago in January 2021, filed a motion for a temporary restraining order and preliminary injunction. The motion [...]read moreJudge denies Batton plaintiffs’ request to block settlement agreement’s final hearing
At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities [...]read more“Godspeed”: Enforcement Of NAR Settlement Changes Shifts To MLSs
A lot has been written about the NAR settlement and what it means for our future. But to me, a lot of the discussion misses the point. We can’t control the outcomes of the settlement. What we can control is how we build our businesses today. As an agent for more than 15 years, owner [...]read moreTop 4 ways elite teams transformed post-NAR settlement
The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Originally, the trade group had said the practice changes would go into effect in mid-July. In the letter, Johnson [...]read moreNAR settlement terms slated to go into effect in mid-August
The massive trade organization promised in March to make various policy changes as part of a landmark settlement. The rules will now roll out slightly later than expected. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will [...]read moreNAR Commission Settlement Rules Will Go Into Effect In August
May is Commission and Compensation Month here at Inman. We’ll sort through the noise and misinformation and provide you with the most up-to-date facts and strategies about how to prosper in the wake of the commission settlements. And look for straight-to-your inbox updates with Inman’s new weekly digest, Commission Chronicles. They say, “Cost is only [...]read moreHow To Own Your Value In A Post-NAR Settlement World
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. The National Association of Realtors’ proposed nationwide settlement agreement for multiple antitrust commission cases would require brokers and agents to sign contracts with buyers they [...]read moreNAR Clarifies When A Buyer Contract Will Be Required Under Settlement