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eXp Settles Commission Lawsuits for $34 Million

USA Real Estate News-RISMedia - Mon, 2024-10-07 11:36

eXp has joined the list of real estate brokerages and organizations settling the many commission lawsuits filed by homesellers that have impacted the industry. The company had been a longstanding holdout of the U.S.’s largest brokerages—ones not covered in NAR’s settlement—to settle in the commission cases. The brokerage has agreed to pay $34 million and…

The post eXp Settles Commission Lawsuits for $34 Million appeared first on RISMedia.

With AI, real estate is now a ‘game of attention,’ Serhant says

USA Real Estate News-Inman - Mon, 2024-10-07 11:18
AI has changed the nature of competition within the industry, Serhant said at the CNBC Evolve AI Opportunity Summit, making relationship skills even more important.

‘They’re here’: Poltergeist home to reopen as Airbnb for horror fans

USA Real Estate News-Inman - Mon, 2024-10-07 10:42
The Simi Valley, California, home sold Friday for $1.28 million, its first sale in 45 years. Now, a Los Gatos-based investor plans to reimagine the famed setting of the 1982 horror flick as a draw for tourists.

EXp agrees to pay $34M to settle antitrust commission lawsuits

USA Real Estate News-Inman - Mon, 2024-10-07 09:42
The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.
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