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Compass CEO: NAR Settlement ‘Not as Dramatic as the Headlines Have Described’

Compass CEO: NAR Settlement ‘Not as Dramatic as the Headlines Have Described’

by Phil Hall | Apr 8, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Robert Reffkin, CEO of Compass Inc. (NYSE: COMP), is predicting the recent settlement by the National Association of Realtors (NAR) will have a minimal impact on the real estate industry. “I think the headlines have been much more dramatic than the details of...
Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

by John G. Stevens | Mar 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Publisher’s View: In a recent publication by the National Association of Realtors (NAR) titled “The Truth About the NAR Settlement Agreement,” significant strides toward transparency and ethical conduct within the real estate industry are...
Compass in $57.5 Million Settlement Over Commission Charges

Compass in $57.5 Million Settlement Over Commission Charges

by Phil Hall | Mar 22, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Compass Inc. (NYSE:COMP) has agreed to a $57.5 million settlement that will resolve allegations that it conspired to maintain inflated real estate commissions. In a statement, the company said the settlement would not “materially impact its future operations but...
Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case

Trump Unable to Secure $454 Million Surety Bond in Valuation Fraud Case

by Phil Hall | Mar 18, 2024 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Former President Donald Trump has been unable to secure the $454 million appeal bond in the civil business fraud judgment against him, according to his attorneys said in a New York court filing this morning. CNBC reported the attorneys for Trump and his co-defendants...
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has agreed to a $418 million settlement that will resolve a series of lawsuits that challenged its rules on real estate broker commissions. The New York Times reported that it obtained a copy of the settlement, which will be...
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