An amended complaint in the Phillips copycat commission lawsuit filed on Wednesday in northern Georgia names a slew of additional defendants, as well as three new plaintiffs. Originally filed in late November,... Read more »
In the face of a copycat commission lawsuit, the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real... Read more »
If you are waiting on another commission lawsuit trial, it looks like you will be waiting a while. Judge Andrea R. Wood of the U.S. District Court in Chicago indicated this past... Read more »
The copycat commission lawsuits have spread to the Southeast. On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate... Read more »
Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions... Read more »
While reading about the $1.8 billion dollar damages claim assessed against the National Association of Realtors, Keller Williams and HomeServices, I wondered what impact this could have economically on the industry. I... Read more »
RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits. Judge... Read more »
Nonbank originator Change Lending and the U.S. Department of the Treasury have agreed to settle a lawsuit in which the lender claims “flawed analysis and mathematical errors” led to its decertification as a Community Development Financial Institution (CDFI).... Read more »
As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. And based on Judge Stephen Bough’s latest filing, it doesn’t appear the real estate industry... Read more »
Ron Frasier, a title industry veteran and CEO of title startup Atlas Title, has been watching the commission lawsuit saga closely. “If the costs associated with homeownership and buying a home at... Read more »