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NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

by Phil Hall | Jan 9, 2024 | Current News & Events, Industry Updates, 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...
Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

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

Two months after the verdict in the Sitzer/Burnett trial rocked the real estate profession, another lawsuit was filed in Missouri challenging the commission structures of real estate professionals. Maryland resident named Daniel Umpa filed a complaint in the U.S....
A Phil Hall Op-Ed: Life After Sitzer/Burnett

A Phil Hall Op-Ed: Life After Sitzer/Burnett

by Phil Hall | Nov 6, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: I just did a Google News search for the phrase “real estate” and I came up with a remarkable collection of headlines from major news outlets. These headlines and their sources included the following: “After a $1.8 billion verdict, the clock is...
Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

Hits and Misses for the Real Estate Week of Oct. 30 – Nov. 3

by Phil Hall | Nov 3, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A trade group enduring a surplus of grief, a central bank that stopped punishing the public and a billionaire’s adieu to the Pacific Northwest. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 30 to Nov. 3. Miss: NAR at a...
Jury Finds NAR Guilty in Sitzer/Burnett Case

Jury Finds NAR Guilty in Sitzer/Burnett Case

by Phil Hall | Oct 31, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) was found guilty by a jury in Kansas City of artificially maintaining high commission rates through its Clear Cooperation Rule. The trade group, along with co-defendants HomeServices of America and Keller Williams, were...
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