Cotality launches Broker Listing Exchange (BLX), a listing management platform giving brokerages centralized control over listing data and distribution.
Gino Blefari is stepping down as CEO of HomeServices of America, handing the reins to longtime executive Chris Kelly as he transitions to chairman emeritus.
T3 Sixty’s 2025 Mega 1000 rankings reveal Compass remains the No. 1 brokerage with $231B in sales volume, widening its lead over Anywhere Advisors. The Real Brokerage surged to No. 5 after doubling its sales, while Side and Peerage Realty Partners broke into the top 10.
The Wall Street Journal reported that Compass is in talks to acquire Berkshire Hathaway’s HomeServices of America. However, BHHS CEO Gino Blefari refuted the claim hours later.
Judge approves $110M settlements for Compass, Redfin, and seven other brokerages in the Gibson/Umpa commission lawsuit, marking one year since the Sitzer/Burnett verdict.
At the Berkshire Hathaway annual shareholder meeting, Warren Buffett and his successor Greg Abel affirmed the value of real estate agents. This comes despite the recent $250 million settlement for HomeServices of America.
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.
On Friday, April 26, 2024, HomeServices of America agreed to a settlement in Sitzer/Burnett, et al, for $250 million.
The U.S. Supreme Court ruled has rejected the plea by HomeServices of America to overturn the Sitzer/Burnett verdict, leaving HSofA as the only defendant that hasn’t reached a settlement with the plaintiffs.
Sitzer/Burnett plaintiffs are demanding over $4.7 billion from HomeServices of America, leveraging a trebled jury award minus previous settlements with NAR, Keller Williams, RE/MAX, and Anywhere.
HomeServices of America, along with three of its subsidiaries, have been dismissed by Judge Andrea Wood from the Batton 1 lawsuit filed by homebuyers.
This week in BAM brings you the BAM Pro Bowl, a massive Homes.com marketing campaign, another drop in NAR membership, a HomeServices petition to the Supreme Court, Ryan Serhant takeaways, strategies to maximize listing opportunities, and more.
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