NextHome has become the latest brokerage to reach a settlement

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NextHome has become the latest brokerage to settle with seller plaintiffs in the ongoing commission lawsuits.

The Gibson case, modeled after the Sitzer-Burnett lawsuit, challenges how real estate commissions are set. Led by attorney Michael Ketchmark, the lawsuit alleges that brokerages, including NextHome, inflated seller agent fees.

NextHome joins over a dozen other defendants in opting for settlement. While the terms related to NextHome remain undisclosed and await judicial approval, this settlement signals a growing trend.

As NextHome and others settle, the real estate industry faces pressure to revise commission practices. NextHome’s decision could influence future changes in how real estate transactions are structured.

Laura Monroe Departs Inman News to Lead Innovation at REALM

In real estate leadership news, Laura Monroe, a key figure at Inman News, has left the company to join luxury real estate network REALM as Executive Director of Innovation. Monroe played a pivotal role at Inman as Global Head of Community, where she expanded the brand’s digital presence and grew a global network of over 400,000 top agents, brokers, and industry leaders. She graced many of stages nationwide on behalf of the Inman brand. Known for her ability to build strong professional communities, Monroe’s departure marks a significant loss for Inman News.

At REALM, Monroe will spearhead innovation and enhance the exclusive member experience, with plans to introduce new offerings in 2024, including REALM Vista, a showcase for off-market properties, and REALM Link, catering to niche real estate interests. Julie Faupel, CEO of REALM, praised Monroe’s track record, highlighting her ability to connect people and ideas, which will further strengthen REALM’s position in the luxury market. Stay tuned as Monroe begins this new chapter, leaving a lasting legacy at Inman News.

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NAHB: Larger Homes Offer Better Value Due to Economies of Scale

And finally, the National Association of Home Builders (NAHB) reports that larger homes may have an economic edge over smaller ones. Factors like local zoning laws, building codes, and the desire for status play a role in why America isn’t building more small homes. But there’s another reason: economies of scale.

According to NAHB’s Paul Emrath, when homebuilders construct bigger homes, the cost per square foot can actually drop. Data from the U.S. Census Bureau shows that homes under 1,200 square feet cost around $200 per square foot, while homes over 5,000 square feet drop to just $132 per square foot. The takeaway? Larger homes spread fixed costs over a bigger area, offering builders better margins and giving homebuyers more value for their dollar.

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