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Wanting again on this yr, it is no shock that 9 of Inman’s high 10 most-read articles of the yr centered on fee circumstances. The tenth story, at quantity 9 on the record, is Keller Williams cuts revenue sharing For brokers who’ve defected to a competitor.
I am positive you all bear in mind these tales properly, so let’s get straight to the purpose. Introducing the highest information of 2023, ranked by variety of readers.
Written by Inman, first printed October 16, 2023
Sitzer | The eight-judge Barnett trial is in its twelfth day of trial.
After deliberating for 2 hours and 28 minutes, the jury awarded the house vendor full damages totaling $1.78 billion. The stay broadcast continued with statements of the winners and losers.
Andrea Brambilla October 31, 2023
After deliberating for 2 hours and 28 minutes, jurors in a two-week fee trial shocked the actual property trade by awarding the house vendor an astonishing $5.36 billion in damages.
Andrea Brambilla October 29, 2023
Scirocco / Shutterstock.com
A decide has granted class certification in a federal fee case that might shake up the actual property trade and have an effect on compensation for brokers throughout the nation.
Andrea Brambilla November 8, 2023
Getty Photos
‘Baton 2’ Expands Scope Considerably Past Sitzer | The Barnett v. Mehl Fee lawsuit was filed in Illinois and focused most of the defendants in one other new lawsuit referred to as Gibson.
Andrea Brambilla, September 18, 2023
spxChrome and Getty Photos
The deal resolves claims in each Mr. Sitzer’s and Mr. Mehrle’s antitrust lawsuits. The franchisor agreed to vary its enterprise practices, together with not forcing house sellers to pay buying brokers.
Written by Ben Velde, October 2, 2023
Glenn Kelman of Redfin. Picture credit score: AJ Canaria of MoxiWorks
In a message to workers, Redfin CEO Glenn Kelman cited the NAR harassment scandal and different complaints as causes for asking 1,800 actual property brokers to cancel their memberships.
Andrea Brambilla October 6, 2023
Gwoeii / Shutterstock.com
Sitzer’s Attorneys | Barnett Residence Gross sales Plaintiffs referred to as the change a “beautiful request for forgiveness” on the eve of the category motion lawsuit.
Andrea Brambilla, September 5, 2023
Getty Photos, Thomas de Wever, Werner Schnell, Christian Thiel, EyeEm
The precise phrases have been revealed when the plaintiffs requested the court docket to approve the deal, however their attorneys stated the franchisor was the primary of the defendants to conform to a “change in apply.”
Andrea Brambilla August 23, 2023
Gary Keller
Mark King, president of Keller Williams, stated the franchisor has considerably lowered revenue distributions to “KW brokers with a vested curiosity in aggressively competing with our brokerage” except they return inside six months. Acknowledged.
By Taylor Anderson October 6, 2023
Getty Photos, Thomas de Wever, Werner Schnell, Christian Thiel, EyeEm
Among the many proposed modifications, Wherever stated its brokers, franchisees and affiliated brokers would not be required to belong to the Nationwide Affiliation of Realtors.
