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NAR: ‘Cooperative Compensation is Good for Consumers’

NAR: ‘Cooperative Compensation is Good for Consumers’

by Phil Hall | Feb 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) took another push back at last October’s verdict in the Sitzer/Burnett case, arguing that the verdict was fueled with “erroneous rulings by judge” while insisting the cooperative compensation issue raised in the trial is not...
Hits and Misses for the Real Estate Week of Jan. 29-Feb. 2

Hits and Misses for the Real Estate Week of Jan. 29-Feb. 2

by Phil Hall | Feb 2, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A $70 million settlement in a controversial lawsuit, a celebrity football player as a potential neighbor and a big win for gas stove lovers. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 29-Feb. 2. Hit or Miss,...
Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

by Phil Hall | Feb 1, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Keller Williams announced it has agreed to a $70 million settlement in the Sitzer/Burnett lawsuit that challenged the commission structure of real estate professionals. Company founder and Executive Chairman Gary Keller announced the settlement in an internal email,...
Hits and Misses for the Real Estate Week of Jan. 8-12

Hits and Misses for the Real Estate Week of Jan. 8-12

by Phil Hall | Jan 12, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected exit from NAR’s leadership, a pushback to a controversial verdict and loan modification victims getting minimal justice. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 8-12. Miss: An Abrupt Departure. The...
NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

by Phil Hall | Jan 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the residential brokerages that were found liable in October for a $1.8 billion verdict in the Missouri-based Sitzer/Burnett trial have asked a federal judge to either reject the verdict or grant a new trial. According to...
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