Brokerage News

Longtime CEO Howard Lorber announced his retirement from the company as board member and entrepreneur Michael Liebowitz takes over the top spot.

The defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.

Top NYC agent moves to Compass; 20-year vet joins Corcoran Centric; Florida indie gains new leader; The Agency opens in Saskatoon; C21 adds Vegas firm; more.

In a livestream presentation, Anywhere’s Sue Yannaccone warned of misinformation around Clear Cooperation and encouraged agents to share their views.

Boutique Central Valley team moves to eXp; 55-agent Minnesota group joins Real; Coldwell Banker nabs Upstate NY indie; The Agency opens fourth Florida office.

West Penn MLS was also dismissed, with the judge ruling there was no evidence of a conspiracy between the parties to fix rates.

The deal, which is not yet final, came in a Georgia case but covers similar lawsuits over agent compensation.

Christie's Real Estate gains KY team; The Agency adds office, launches mortgage business; BHGRE nabs Louisiana affiliate; SFAR president joins Redfin; more.

A total of nine brokerages have settled in the Gibson/Umpa case, but objectors balk at damage amounts and cite concerns over the impact on homebuyer claims.

John L. Scott and Real Estate One are the latest firms to reach a deal in the Gibson/Umpa class-action lawsuit.

KW Cares has sent more than 450 generators to associates in the Carolinas, while RE/MAX and Anywhere are helping direct funds to affected agents.

The brokerage giant is asking NAR to allow greater flexibility around Clear Cooperation and co-mingling, and loosen restrictions for non-member agents.

ERA Prime grows in Detroit; door-to-door experts join Real; Expect Realty affiliates with Better Homes and Gardens; a Leading Edge merger in Tennessee.

The Rocky Mountain State revokes troubled brokerage’s license over 40-year right-to-list agreements as Minnesota joins 10 other states in filing suit.

The brokerage platform also asked a judge to dismiss a copycat commissions lawsuit, saying it fails to prove Side conspired with anyone over agent compensation.

Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.

eXp adds NY team with 200-plus agents; RE/MAX Key Properties merges with West + Main Homes Oregon; Nicole Reed & Associates gets Real; and more.

The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.

Leaders from eXp and two indie firms announce Realty of America; Compass loses Florida agents to The Agency and Elliman; Christie's, E&V, Corcoran expand.

Terms of the deal — which still requires a judge’s OK — were not revealed. Meanwhile, the settlement fund for Sitzer, Moehrl and Gibson is nearing $1 billion.