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Market
Improvement in public trust for major real estate brokerages by end of 2024?
5
Resolution / Starting Odds
Improve • 50%
Not Improve • 50%
Public opinion polls or major market research reports
Story
Judge Approves Major Real Estate Settlements, Resolving Antitrust Claims
May 9, 2024, 02:26 PM
In a recent legal development, a federal judge in Chicago, Judge Stephen R. Bough, has approved landmark settlements involving major real estate brokerages Keller Williams, Anywhere, and RE/MAX. These settlements resolve antitrust claims related to real estate commissions in the Sitzer, Burnett, Moehrl, and Nosalek cases. Earlier, homebuyers' attorneys attempted to block these settlements in a federal courtroom, arguing that the approval of a previous Kansas City verdict favoring homesellers could undermine their commission-related lawsuits. Despite these efforts, the judge rejected the homebuyers' claims, allowing the settlements to proceed.
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Increased trust • 33%
Decreased trust • 33%
No significant change • 34%
Improvement • 50%
No Improvement • 50%
Majority adoption • 33%
Selective adoption • 33%
Majority non-adoption • 33%
Adoption of new commission models • 33%
Retention of traditional commission models • 33%
Mixed adoption varying by region • 34%
Increase in new platform usage • 33%
No change in platform preference • 33%
Return to traditional brokers • 34%
Increase for smaller firms • 25%
Decrease for smaller firms • 25%
Increase for larger firms • 25%
Decrease for larger firms • 25%
Increased satisfaction • 50%
Decreased satisfaction • 50%
Increase • 50%
Decrease • 50%
Top agencies gain market share • 25%
Top agencies lose market share • 25%
No significant change • 25%
Smaller agencies gain market share • 25%
Increase • 33%
Decrease • 33%
No change • 34%