{"id":2760,"date":"2022-01-13T17:29:10","date_gmt":"2022-01-13T17:29:10","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2022\/01\/13\/understanding-realogys-stance-on-commissions\/"},"modified":"2025-03-13T02:39:57","modified_gmt":"2025-03-13T02:39:57","slug":"understanding-realogys-stance-on-commissions","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2022\/01\/13\/understanding-realogys-stance-on-commissions\/","title":{"rendered":"Understanding Realogy’s stance on commissions"},"content":{"rendered":"\n
\"HW+<\/figure><\/div>\n\n\n\n

When Missouri federal judge Stephen Bough unsealed a sworn declaration last week<\/a> from Coldwell Banker<\/strong> CEO Ryan Gorman in a sprawling antitrust lawsuit about real estate commissions, it prompted disquiet among real estate agents, including those who work at Gorman\u2019s company.<\/p>\n\n\n\n

\u201cMy Coldwell Banker agent office policy insists that we do not cut commission under any circumstance,\u201d said one agent who requested anonymity to speak candidly about her company, which is part of the Realogy<\/strong> brokerage conglomerate. \u201cGorman\u2019s comments confuse me.\u201d<\/p>\n\n\n\n

Gorman\u2019s two-page declaration has been interpreted as everything as the \u201cdam that breaks\u201d NAR\u2019s 108-year-old stranglehold over real estate commissions, by one longtime observer, to \u201cfairly irrelevant\u201d by another.<\/p>\n\n\n\n

Adding to the lack of clarity about whether Gorman\u2019s statement is especially important for real estate, or even for the lawsuit it comes from, is that almost none of Realogy\u2019s competitors either denounced Gorman or supported him.<\/p>\n\n\n\n

That silence comes amid multiple lawsuits<\/a> alleging an antitrust conspiracy between brokerages and the NAR, plus a U.S. Justice Department antitrust <\/strong>inquiry into NAR<\/a>.<\/p>\n\n\n\n

Filed with the court on Nov. 11, Gorman\u2019s declaration comes in a proposed class action lawsuit filed by housing consumers against NAR, Realogy, HomeServices of America<\/strong>, RE\/MAX<\/strong>, and Keller Williams Realty<\/strong>.<\/p>\n\n\n\n

The lawsuit, in part, challenges a rule first put forth by the National Association of Real Estate Exchanges, NAR\u2019s forerunner, in 1913, that a member agent representing a home seller<\/a>, \u201cAlways be ready and willing to divide the regular commission equally with any member of the Association who can produce a buyer for any client.\u201d <<<Article continued on HousingWire.com<\/a><\/strong><\/p>\n\n\n\n

This article was originally published by HousingWire. The\u00a0full article is available on HousingWire.com<\/a>\u00a0<\/a>for HW+ Members.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Recent comments by Coldwell Banker CEO Ryan Gorman on buyer agent commissions raise more questions than answers.<\/p>\n","protected":false},"author":16592,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[736],"class_list":["post-2760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nUnderstanding Realogy's stance on commissions - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"Recent comments by Coldwell Banker CEO Ryan Gorman on buyer agent commissions raise more questions than answers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtrends.com\/blog\/2022\/01\/13\/understanding-realogys-stance-on-commissions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Realogy's stance on commissions\" \/>\n<meta property=\"og:description\" content=\"Recent comments by Coldwell Banker CEO Ryan Gorman on buyer agent commissions raise more questions than answers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realtrends.com\/blog\/2022\/01\/13\/understanding-realogys-stance-on-commissions\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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