Brokerage News

Lamacchia teams up with Sears; top dealmaker returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates.

The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.

At least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.

More than a dozen new offices for Real; The Agency expands in Texas and The Hamptons; ERA adds Colorado affiliate; Briko and iList join eXp; a return to CB.

The brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.

After reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.

The acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.

Laura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.

The firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.

In just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.

Corcoran enters Oregon; Real expands in NorCal, PA; E&V adds Long Island shop; The Agency now in Edmonton; KW enters Bahamas; Christie's grows in Barbados, NJ.

The company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.

A former Keller Williams agent argues that the brokerage doesn’t have the right to retroactively alter the program — and now 4 more cases have been filed.

Nothing is changing yet, and when change does come, it won’t eliminate buyer agents or cooperative compensation. ‘‘No one can force you to work for free.”

NYC team returns to Corcoran from Elliman; Century 21 adds affiliate in Salt Lake City area; The Agency opens third Nevada office.

The first of 90-plus brokerages not included in the NAR settlement reaches a deal that includes changes to its business practices as well as a monetary payout.

Redfin Next, which offers “competitive splits” while continuing to provide agents with employee benefits, has expanded to major markets across the U.S.

During a livestream with nearly 50,000 viewers, eXp leaders discussed NAR’s proposed settlement while agents flooded the chat with reactions.

From buyer agreements to non-MLS places where cooperative compensation can appear, here’s what Keller Williams is telling leaders and agents about the deal.