Real Estate News
HomeServices of America Agrees to Settlement for $250 Million
On Friday, April 26, 2024, HomeServices of America agreed to a settlement in Sitzer/Burnett, et al, for $250 million.
April 26, 2024
On Friday, April 26, 2024, HomeServices of America agreed to a settlement in Sitzer/Burnett, et al, for $250 million.
In an order released on Tuesday, April 23, Judge Stephen R. Bough granted preliminary approval of the NAR settlement, describing the sweeping changes in the agreement as “fair, reasonable, and adequate.” A final approval hearing is set for November.
On Friday, March 22, 2024, Compass agreed to a proposed settlement amounting to $57.5 million, adding to the total settlement funds in industry lawsuits.
Nearly 100 brokerages were left out of the settlement reached by the National Association of Realtors (NAR) on Friday, March 15, 2024, leaving them with two options if they want to join the settlement.
Within hours of the New York Times announcement of the NAR settlement, Wall Street reacted, with several real estate companies, led by Zillow, seeing notable declines in stock values. Meanwhile, CoStar stock values climbed more than six points.
Here’s BAM’s roundup of Q4 and full year 2023 financial results for the biggest names in real estate.
In this week’s episode of The Real Word, Byron Lazine and Nicole White discuss comments by four real estate CEOs on the portal wars.
Financial reports for the third quarter of 2023 (Q3 2023) are in for the biggest names in real estate.
A new lawsuit was filed in Chicago federal court on November 2nd on behalf of home buyers alleging the defendants—Compass, eXp, Redfin, and Douglas Elliman, among others—have caused buyers “to pay inflated prices for the homes they purchase, and to receive reduced quality broker services.”
This week in BAM (Oct 30–Nov 3) covered the Sitzer/Burnett verdict, Bob Goldberg stepping down, Zillow acquiring Follow Up Boss, Anywhere partnering with RealScout, a Krys Benyamein webinar, and a BAMx mastermind hosted by Byron Lazine.
Madeline Tracy shares the inspiration behind stepping out of her comfort zone and into character for a listing video.
BAM presents the Q2 2023 financial results for some of the biggest names in the real estate industry.
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