Bankrupt construction startup Katerra sued by former employees

Three former Katerra employees are suing the company for not giving them enough notice before being laid off, according to a new report by The Real Deal. On June 6, after announcing an end to U.S. operations and mass layoffs, the Softbank-backed construction startup filed for Chapter 11 protection in the U.S. Bankruptcy Court for … Read more

‘Double-dipping agents’ overcharge consumers billions in commissions

Some one million homebuyers and sellers pay several billion dollars more per year in commissions than they should due to “double-dipping” agents, according to a new report from the Consumer Federation of America. The consumer watchdog defined a double-dipping agent or dual agent as a single agent who represents both buyer and seller in a … Read more

The New Normal: What if agent pay was more than just commissions?

This is the third installment in “The New Normal,” a multistory Inman series exploring what’s returning to normal after the pandemic fades and what will never be the same. Don’t miss part 1, What if the brokerage of the future isn’t a brokerage at all? and part 2, What if real estate agents never go back to the … Read more

Compass faces yet another suit regarding recruiting tactics

Christie’s International Real Estate has filed a lawsuit against Compass for recruiting four agents for the purpose of gaining access to trade secrets. The lawsuits against Compass just keep rolling in. New Jersey-based Christie’s International Real Estate is the latest to accuse Compass of gaining access to trade secrets through the recruitment of former Christie’s … Read more

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