Items Tagged with 'Realogy'

ARTICLES

  • Realogy slapped with class-action suit for securities fraud

    Accuses brokerage of defrauding investors by not disclosing buyer broker compensation issues
    For nearly six months, the ongoing debate over buyer broker compensation has loomed large over the real estate industry, with two lawsuits taking the practice to task. Now, a third lawsuit has been filed that touches on the issue. This time, it’s a class-action suit against Realogy alleging that investors purchased securities at inflated prices because of the brokerage’s failure to disclose “anticompetitive” behavior.
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  • Compass, Zillow reach settlement in poaching lawsuits

    Quietly settle case accusing Compass of stealing employees, trade secrets
    On the same day Compass was slapped with a bombshell lawsuit from rival Realogy accusing it of unfair business practices and illegal scheming, the real estate heavyweight settled a pair of lawsuits with another competitor, Zillow Group. The two companies came to an agreement in federal court Wednesday that dismissed two suits accusing Compass of poaching Zillow employees for its Seattle tech hub.
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  • Realogy suing Compass for unfair business practices, illegal schemes

    Accuses real estate brokerage of scheming to damage, eliminate competition
    Realogy Holdings, the nation’s largest real estate brokerage, filed a bombshell lawsuit Wednesday against its SoftBank-backed rival, Compass, accusing it of unfair business practices and illegal schemes. The complaint alleges that Compass' business model is founded on "misappropriating, by whatever means necessary, the assets, confidential business information, trade secrets, contracts, talent, and strategies of its competitors."
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  • NAR slapped with second class-action lawsuit to end buyer broker compensation

    Suit alleges mandatory fees for buyer's brokers violate anti-trust laws
    A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit alleges that NAR and MLS providers violated federal antitrust laws by requiring property sellers to pay the buyer's broker an inflated fee, a claim NAR called "completely without merit" as it vowed to defend its policies in court.
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  • Realogy to roll out AI tools for real estate professionals

    Real estate giant bets big on tech to woo agents
    Residential real estate giant Realogy has debuted as suite of AI tools for agents and brokers that it hopes will reshape the future of real estate. At its RGX conference in Las Vegas this week, Realogy introduced a number of innovative tools that it’s planning to roll out this year, including some that leverage artificial intelligence to make the job easier.
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  • Class-action lawsuit takes aim at buyer broker compensation rules

    Home seller claims NAR, MLS providers have conspired in violation of anti-trust laws
    A class-action lawsuit filed last week by a Minnesota home seller is taking aim at the big four multiple listing services that have transformed the real estate business. The suit alleges that the National Association of Realtors has driven up costs to sellers and has stifled competition by requiring brokers to offer buyer broker compensation when listing a property on an MLS site, and it names NAR, Realogy, HomeServices of America, RE/MAX and Keller Williams as the culprits.
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  • Realogy appoints new chief financial officer

    Charlotte Simonelli will take over the role at the end of March
    Realogy recently announced Charlotte Simonelli will take over the role of executive vice president, chief financial officer at the end of March. Realogy President and CEO Ryan Schneider said Simonelli is a strategic hands-on executive with deep financial experience.
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  • Nick Bailey steps down as Century 21 CEO and president

    Chief Growth Officer Michael Miedler to take over
    Century 21 Real Estate announced Monday that President and CEO Nick Bailey is stepping down, effective January 11. The real estate company's current chief growth officer, Michael Miedler, will take the reins as its new president and CEO. Bailey will remain an adviser until March 1 to ensure a smooth transition.
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  • Realogy appoints John Brennan as chief ethics and compliance officer

    Promotion follows Liz Gehringer's exit to take C-suite position at Coldwell Banker Real Estate
    Realogy Holdings appointed John Brennan to the position of chief ethics & compliance officer as former Chief Compliance Officer Liz Gehringer takes up the mantle of chief operating officer of Coldwell Banker Real Estate. In addition to his new role, Brennan will also retain his current role as chief audit executive.
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