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Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

by Phil Hall | May 9, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

An Illinois judge rejected a last-minute effort by plaintiffs in the Batton 1 lawsuit to halt the final court approval of settlements by three major brokerages in the Sitzer/Burnett case. The Batton 1 plaintiff sought to block the settlement agreements by Anywhere,...
Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

by Phil Hall | May 8, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The proposed settlements involving three major real estate brokerages accused of improper commission practices in the Sitzer/Burnett lawsuit are facing a challenge from plaintiffs in another lawsuit. The plaintiffs in the Batton 1 lawsuit filed a motion for a...
Hits and Misses for the Real Estate Week of April 29-May 3

Hits and Misses for the Real Estate Week of April 29-May 3

by Phil Hall | May 3, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. From the wild and wooly world of real estate, here are our hits and misses for the real estate week of April 29-May 3. Miss: The Landlord from Hell. A New...
One Week After Settlement, HomeServices Faces New Commission Lawsuit

One Week After Settlement, HomeServices Faces New Commission Lawsuit

by Phil Hall | May 2, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

One week after it announced a $250 million settlement agreement to resolve concerns raised over real estate agent commissions, HomeServices of America, the real estate brokerage unit of Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A), is facing a new class action...
Illinois Sues MV Realty Over 40-Year Brokerage Contracts

Illinois Sues MV Realty Over 40-Year Brokerage Contracts

by Phil Hall | Apr 19, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

Illinois has become latest state to file a lawsuit against MV Realty, accusing the company of tricking struggling consumers into 40-year brokerage contracts. According to Illinois Attorney General Kwame Raoul’s lawsuit, MV Realty provides “financially distressed”...
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