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Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change

by Phil Hall | Oct 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Aug. 17 rule change by National Association of Realtors (NAR) on commissions appears to have minimal impact on how buyer’s agents are paid. According to new data from Redfin (NASDAQ: RDFN), the average buyer’s agent commission for homes sold in October was...
eXp Realty in $34 Million Settlement Over Commissions

eXp Realty in $34 Million Settlement Over Commissions

by Phil Hall | Oct 7, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced a $34 million settlement in the Hooper vs. the National Association of Realtors case. The settlement is the latest among the major brokerages who were sued over their business practices...

NAR Publishes Consumer Resource Series on Post-Settlement Practices

by Phil Hall | Sep 20, 2024 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has published a new series of consumer resources designed to help realtors educate homebuyers and sellers to the post Sitzer/Burnett settlement practices. The new series consists of six installments available in English and...
Fathom Realty Announces Settlement of Commission Lawsuits

Fathom Realty Announces Settlement of Commission Lawsuits

by Phil Hall | Sep 17, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Fathom Realty, a wholly owned subsidiary of Fathom Holdings Inc. (NASDAQ: FTHM), announced that it has reached a nationwide settlement related to claims asserted in Burnett v. The National Association of Realtors., et al. As part of the settlement, Fathom Realty will...
Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes

by Phil Hall | Sep 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The commission changes were expected to occur with the National Association of Realtors’ (NAR) historic settlement have not come to pass in many markets, according to a new report by Redfin (NASDAQ: RDFN). The new report, which is based on interviews with dozens...
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