Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Costs of Owning a Home

July 30, 2025

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»News Knockout Final: Your Favorite Stories Of The Year Duke It Out
Real Estate

News Knockout Final: Your Favorite Stories Of The Year Duke It Out

December 19, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Vote now and let us know what you think is the most important story of 2024 as Commission lawsuits and industry practice changes face off in our final bracket challenge.

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

In a year jam-packed with big news for the real estate industry, Inman readers have determined which stories and industry topics moved the needle the most: the commission lawsuits settlement and industry practice changes.

That’s right — “NAR agrees to sweeping changes in $418M commission settlement” and “Michael Ketchmark: Every move you make, we’ll be watching you” will advance to the finals in Inman’s News Knockout of 2024 to decide which story will be crowned as the top story of the year.

TAKE THE INMAN INTEL INDEX SURVEY FOR DECEMBER

The final two stories have inarguably changed how agents and brokers do business this year, and will no doubt impact policy adjustments and actions by the National Association of Realtors in the year to come.

But which story will rise to the top of 2024’s lineup? Cast your vote now to decide.

Bracket 1: Commission lawsuits settlement vs. Practice changes

“NAR agrees to sweeping changes in $418M commission settlement”

By Taylor Anderson

All eyes were on the National Association of Realtors this year as the association announced its $418 million proposed settlement of the antitrust commission lawsuits that had rocked the industry for the last few years. The settlement, which NAR will be paying out over the next four years, also stipulated a series of industry practice changes that agents, brokers, associations and MLSs had to put into effect by Aug. 17, 2024.

Among them, NAR agreed to not create rules that allow listing agents to set compensation for buyer brokers. The association also created a new rule prohibiting offers of compensation from appearing in the MLS. Buyer brokers who are MLS participants would also be required to enter into a written representation agreement before touring homes.

The terms of the settlement fundamentally changed the way real estate professionals view their roles as salespeople and advisors, and has already started to impact the way in which consumers view the industry, early Inman Intel data shows.

“Michael Ketchmark: Every move you make, we’ll be watching you”

By Andrea V. Brambila

In advance of major industry practice changes that went into effect on Aug. 17, real estate professionals scrambled to ensure they had the approved paperwork and new client conversations all lined up. As new contracts in some locales were rolled out, reversed, and rolled out again, it had some agents on edge, wondering if they were truly prepared for the big day.

On top of it all, the seller plaintiffs’ attorneys in the legal battle against NAR and industry players suggested that they would continue to keep the pressure on and that the industry should be ready for that.

Michael Ketchmark, the lead counsel for plaintiffs in the Sitzer | Burnett case told Inman, “If anyone thinks they’re going to be able to avoid the application of this settlement agreement and the law by creating some new forms or hiding this cooperation on new websites, they’re wrong.

If there is any indication that individuals or businesses are attempting to circumvent these rules, we will not hesitate to pursue legal action swiftly.

Duke Favorite Final Knockout News Stories year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Costs of Owning a Home

July 30, 2025

Why we should be cheering for the mom-and-pop investors in the housing market

July 29, 2025

Yes, You Can Sell A House As-Is—No Inspection Needed

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Finance Writers Share Regrets From Prime Days Past

July 1, 20250 Views

EU plans €40bn in loans for Ukraine without US

September 16, 20240 Views

The Best Real Estate Apps for Agents in 2025

November 28, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Real Estate

Costs of Owning a Home

July 30, 20250
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Crypto

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.