Housing Wire
DECEMBER 17, 2024
Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on.
Housing Wire
NOVEMBER 20, 2024
White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. The balance request includes additional damages for legal fees and a jury trial. million promissory note Side extended in April. Side claims the current balance owed is $4.2
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Housing Wire
NOVEMBER 8, 2024
White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial.
Housing Wire
SEPTEMBER 18, 2024
Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. We continue to assert that Fathom never participated in any conspiracy to inflate commissions and continue to believe that due to our flat-fee model, there was no incentive to join any such conspiracy.
Housing Wire
APRIL 24, 2024
Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I The brokerage models have to adapt,” Saunders said.
Housing Wire
JULY 16, 2024
Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. The brokerage said it has also agreed to adhere to certain business practice changes, which are not being disclosed at this time. As part of the settlement, United will pay $3.7 million into a settlement fund.
Housing Wire
JANUARY 3, 2024
While the firm has succeeded in trimming costs and reducing operating expenses , it is now finding itself in the crosshairs of multiple copycat commission lawsuits , which will lead to an increase in legal costs. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.
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