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Trying again at this yr, it’s no shock that 9 out of Inman’s high 10 most-read tales of the yr had been fee lawsuit centered. The tenth story, at No. 9 on the checklist, was about Keller Williams slicing revenue sharing for brokers who fled to opponents.
As a result of we’re positive you keep in mind these tales all too nicely, we’ll simply get to it with out additional ado. Listed below are the highest information tales of 2023, ranked by readership.
By Inman, initially printed Oct. 16, 2023
Jurors awarded full damages totaling $1.78 billion to homesellers after deliberating for two hours and 28 minutes. Stay protection continued with statements from the winners and losers.
By Andrea Brambila, Oct. 31, 2023
Jurors within the two-week fee trial shocked the actual property business, awarding an astonishing $5.36 billion in damages to homesellers after deliberating for two hours and 28 minutes.
By Andrea Brambila, Oct. 29, 2023
A decide granted class certification in a federal fee go well with that would rock the actual property business and influence how brokers are compensated nationwide.
By Andrea Brambila, Nov. 8, 2023
“Batton 2,” exponentially bigger in scope than Sitzer | Burnett and the Moehrl fee fits, was filed in Illinois and took intention at lots of the defendants in one other new go well with referred to as Gibson.
By Andrea Brambila, Sept. 18, 2023
The deal resolved claims in each the Sitzer and Moehrl antitrust circumstances. The franchisor agreed to alter its enterprise practices, together with “not forcing homesellers to pay purchaser’s brokers.”
By Ben Verde, Oct. 2, 2023
In a message to workers, Redfin CEO Glenn Kelman cited NAR’s harassment scandal and different grievances as causes for calling on 1,800 Realtors to cancel memberships.
By Andrea Brambila, Oct. 6, 2023
An legal professional for the Sitzer | Burnett homeseller plaintiffs referred to as the change a “beautiful request for forgiveness” on the eve of a class-action trial.
By Andrea Brambila, Sept. 5, 2023
Precise phrases had been revealed when the plaintiffs requested the court docket to approve the deal, however an legal professional for the plaintiffs mentioned the franchisor was the primary of the defendants to comply with “change its practices.”
By Andrea Brambila, Aug. 23, 2023
The franchisor drastically slashed revenue share for “vested KW brokers who actively compete with our brokerages” except they return inside six months, Keller Williams President Marc King mentioned.
By Taylor Anderson, Oct. 6, 2023
Among the many proposed modifications, Wherever mentioned its company-owned brokerages, franchisees and affiliated brokers would not be required to belong to the Nationwide Affiliation of Realtors.