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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...
NAR’s Sitzer/Burnett Policy Changes Moved to August

NAR’s Sitzer/Burnett Policy Changes Moved to August

by Phil Hall | May 3, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) updated when the policy changes of its Sitzer/Burnett settlement agreement will go into effect. Originally slated for July, the policies will now go into effect on Aug. 17. These changes will prevent listing brokers from...
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...
HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case

HomeServices Agrees to $250 Million Settlement in Sitzer/Burnett Case

by Phil Hall | Apr 26, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

HomeServices of America has agreed to a $250 million settlement to resolve the charges brought against the company in the Sitzer/Burnett trial. The company, which is owned by Warren E. Buffett’s Berkshire Hathaway Energy, was the last defendant in the case to agree to...
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