New York-based Douglas Elliman is the latest real estate firm to settle, agreeing to pay $7.75 million within 30 days of the proposed settlement’s preliminary approval, followed by two additional payments of $5 million each over the next three years.
This week in BAM brings another California commissions lawsuit, the math behind keeping your pipeline full, a $2M listing from one letter, 3 steps to a standout listing video, a new BAM YouTube channel, and 9 relatable Instagram posts for content inspo.
Andrea Freedlund filed a complaint on February 26 in the Central District of California, accusing Redfin, NAR, and CAR of conspiring to inflate real estate agent commissions. This is the third lawsuit in California, and it specifically targets Redfin.
This week in BAM brings a second Nevada commission lawsuit, NAR insurance news, an unpopular opinion on business cards, 3 ways to master value-based follow-up, how to craft the perfect pitch, simplifying lead magnets, and the truth about likes versus lead conversion on Instagram.
HomeServices of America, along with three of its subsidiaries, have been dismissed by Judge Andrea Wood from the Batton 1 lawsuit filed by homebuyers.
Nevada faces a second commission lawsuit, with a total of 22 defendants named in a complaint filed on February 16, 2024.
On Thursday evening, the Department of Justice (DOJ) filed a statement of interest regarding a proposed settlement for the Nosalek lawsuit, also known as the MLS PIN lawsuit. The DOJ’s statement proposed a significant change in real estate transactions, suggesting that sellers should no longer pay commissions to buyer agents.
This week in BAM brings controversy at Inman Connect NY, copycat lawsuit consolidation, listing appointment strategies, a 5-minute ROI-boosting daily exercise, an objection handling script, AI marketing apps, and BAM’s list of 2024 real estate conferences.
Attorneys for the National Association of Realtors filed documents on January 23 supporting the consolidation of class-action commission lawsuits but arguing for the inclusion of all 19 national lawsuits and requesting a new venue, preferably Illinois or Texas.
The latest antitrust lawsuit in California names 36 defendants, including the National Association of Realtors, and alleges violations of federal and state antitrust laws.
Nevada has become the latest state facing commission lawsuits, with Realtor associations and MLSs named as defendants in a case filed on January 15, 2024.
The Martin lawsuit was filed on December 14, 2023, in the U.S. District Court’s Eastern District of Texas. Three home sellers allege that a conspiracy in Texas real estate violates antitrust laws by requiring home sellers to pay commissions for buyer agents.
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