Cotality launches Broker Listing Exchange (BLX), a listing management platform giving brokerages centralized control over listing data and distribution.
Keller Williams has sold an investment stake to Stone Point Capital, parent company of CoreLogic, appointing Christopher Czarnecki, former CEO of Broadstone Net Lease, as CEO and President.
Judge Stephen R Bough granted final approval for settlements in commission lawsuits for Keller Williams, Anywhere and RE/MAX on May 9, 2024.
The homebuyer plaintiffs in the Batton 1 lawsuit have filed for a temporary injunction to prevent the final approval of the Keller Williams, Anywhere, and RE/MAX settlements.
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.
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.
Shortly after the news broke about the NAR settlement, three national brokerages—Real, eXp, and Keller Williams—shared their reactions to the settlement terms. Ryan Serhant also shared his perspective in a CNBC interview.
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.
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.
Law firms for the Sitzer/Burnett plaintiffs are asking for one-third of the payouts from the RE/MAX, Anywhere, and Keller Williams settlements as payment for their five years and nearly 100K hours of work on the case.
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