by Taylor Anderson | May 20, 2025 | Industry, News Feed
Vince Leisey, who is CEO of BHHS Ambassador Real Estate in Omaha, was named president of HSF Affiliates in the third leadership shakeup since rumors of a sale to Compass.
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Berkshire Hathaway HomeServices continued shaking up its leadership team by appointing Vince Leisey as president of HSF Affiliates, the group’s parent company announced on Tuesday.
HomeServices of America, the owner of BHHS, noted that Leisey has been with the brand network for nearly three decades before he was tapped to lead the franchisor of the BHHS network.
The announcement came five weeks after Berkshire Hathaway replaced its former CEO Gino Blefari with Chris Kelly. The company also promoted its chief financial officer and named a new executive vice president, among other changes.
“Vince’s passion for the network and our franchisees, coupled with his results-oriented approach, makes him exceptionally well-suited to guide our affiliates through the next chapter [in] our rapidly evolving industry,” Kelly said in a statement. “He brings a rare combination of energy, insight and operational know-how, along with a deep respect for people. He is ideally suited for this role.”
HomeServices of America owns the Berkshire Hathaway HomeServices franchise network and is owned by Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway.
Christy Budnick is the former president and CEO of HSF Affiliates. She stepped down last June, and Blefari took over her role until his retirement in April.
Leisey has served as CEO of BHHS Ambassador Real Estate in Omaha, where he leads an organization of over 1,000 agents transacting nearly $3 billion in annual sales, the company said. He will remain in that role while serving as president of HSF Affiliates.
Leisey is also the founder of the Explosion Real Estate Conference and a contributor to BHHS REthink Council.
“I have so much respect for the leaders across this network, and I look forward to partnering even more closely to drive growth, deliver value, and challenge ourselves to think differently about what’s possible,” Leisey said in a statement. “Together, I believe we can continue to build the most trusted, innovative, and agent-empowered brand in real estate.”
The changes to Berkshire Hathaway’s real estate unit started one month after reports emerged that the company was negotiating to be sold to Compass. HomeServices of America denied that any such negotiation was taking place.
“The good thing is, we can say there is no contemplated, no pending transaction with Compass or any third party at this point,” Kelly told Inman in April. “We’re hopeful that these management transitions that we’re making are kind of reflective of our parent entity’s complete, full faith in us moving forward.”
Kelly denied at the time that Blefari’s retirement had anything to do with the rumored sale. Instead, he said that Blefari decided to weather the storm the industry and company faced during the past 18 months before retiring.
“It was important to him to help shepherd us through those challenging moments,” Kelly said. “As we’ve come out on the other side and we and the broader industry are kind of turning the page on that chapter of real estate and we’re moving forward under the new rules and everything else that are now put into place, he felt this was the right time to do it.”
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by Taylor Anderson | May 19, 2025 | Industry, News Feed
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Homie never strove to be a brokerage of 22 agents. Its plans were much bigger than that.
The Utah-based discount brokerage was on a path for rapid growth. Its provocative billboards, which once lined the state’s most heavily trafficked highway, captured the attention of consumers and real estate professionals alike as it grew into one of the biggest brokerages in the region.
The company weathered backlash from agents at traditional brokerages and rode the crest of the COVID housing market that spiked homebuying activity and home prices, a double whammy that helped drive consumers to the venture capital-backed discount brokerage.
The company had lofty aspirations of having 1,000 agents in 2021 and plans to expand far beyond the Intermountain West, a feat that, if accomplished, would have made the company among the largest brokerages in the nation.
Today, Homie is just a shell of its former self. Deflated by alleged boycotts from competing agents, disciplinary action by the state and a down market, Homie was sold in February and now operates as a brokerage with fewer than two dozen agents in Utah and Arizona, many of whom have no active listings.
In recent months, real estate professionals in Utah began speculating that Homie had closed for good.
“I’ve never had a potential client say, ‘Well, we were thinking of using Homie,’” said Salt Lake City-based broker Babs De Lay. “My clients generally are educated enough to know you get what you pay for. We don’t even think it’s around.”
“It’s an interesting thing, which is kind of disturbing to us agents. The minute they stopped doing all of the extreme slamming of agents — Remember all the billboards they had? — once they stopped doing all of that, they really had a hard time,” said Patricia Laforte, a transaction coordinator near Salt Lake City.
Homie is still around. It’s just turning the corner in a remarkable pivot from market disruptor to a small outfit looking to win listings on the promise of a discount.
Credit: Homie / Facebook
New ownership
According to records filed with the state of Utah, the brokerage name was sold to Tyler Tiberius in February. The filing was signed by a representative with a Utah-based investment firm called Wasatch Group, a previous backer of Homie.
Tiberius is an entrepreneur whose companies, Tiberius Technology and Tiberius Arms, create training for police and military, and who has a history of creating paintball guns and non-lethal police weaponry.
His family made international headlines in 2022 when his wife gave birth to identical triplets at the age of 46, giving the couple seven boys.
It’s not clear whether Tiberius has a history in real estate. He isn’t registered as having a real estate license in either of the two states Homie now operates in.
Tyler Tiberius
State records show that the entity Homie Broker was created last fall by a group that includes Tiberius and John Hanna, who was CEO and co-founder of Homie before he left in September 2022. The real estate agent Bob Ross, Homie’s principal broker, is also listed in state records as a manager of the company.
Hanna didn’t respond to multiple requests for comment. A Homie spokesperson said he isn’t part of the Homie Broker team, despite his inclusion in state records as a manager of Homie Broker.
Ross is the principal broker for Homie Broker in Utah, where the company has 20 licensed agents, and Arizona, where Homie has two agents. Ross referred questions to a spokesperson and didn’t respond to a request to talk about the brokerage.
Homie Broker, the current company, is separate from Homie Technology, which is the entity that is suing the National Association of Realtors and a handful of other competitors that Homie said conspired to defeat it.
Homie declined to share details with Inman about the transaction, make Tiberius available for an interview, answer questions about the company’s plans under the ownership change or confirm Tiberius’ identity as the owner of Homie as well as Tiberius Arms and Tiberius Technology.
Homie’s marketing director said the company still had its eye on expanding again.
“Homie Broker LLC remains committed to keeping fees low and transparent, continuing the original mission of making homeownership more affordable and accessible for all,” said Sarah Edelman, the marketing director. “Thoughtful expansion beyond Utah and Arizona is also part of the longer-term vision as the company grows in a sustainable, service-driven way.”
A remarkable shakeup
A year ago, Homie shed half its staff, converted its salaried agents to contractors, and saw the resignation of key leadership.
Homie has offered scant information about the company’s status, although it provided some answers to Inman’s questions.
In recent months, Homie shuttered its ancillary service, Homie Loans. Nearly all of its original leaders have moved on.
Less than a month before Tiberius and Hanna created the entity called Homie Broker, Mike Peregrine resigned from the company, which was officially called Homie Technology, in November 2023.
The company once offered mortgage, title and insurance. Homie Loans surrendered its real estate license to the state of Utah at the end of 2024, records show.
Homie Broker lists 20 active agents and brokers in the state of Utah. It has two active agents in Arizona, plus Ross as the designated broker, according to records in that state.
The hollowed-out company raised $23 million in funding rounds as recently as 2020, when it said it was aggressively fundraising to expand far beyond Utah.
In June 2017, within 18 months of its launch, Homie claimed to be the seventh-largest brokerage in Utah. The company said at the time that it closed 800 transactions in the previous year and had a “run rate just under 3 percent market share,” which in 2016 would have amounted to 1,470 deals, according to Hanna.
The company said that in 2019 it was the top brokerage in Utah by sales volume, a number that’s difficult to confirm. It said that year that nearly three out of every four Homie agents was awarded a Realtor 500 for being one of the top producers in the state.
With its small team of agents, Homie is still committed to offering discount services to sellers, the company said, with sellers paying a flat $5,500 fee to list their home below $1 million, or $11,000 for homes above.
For De Lay, Homie’s contraction wasn’t necessarily a remarkable pivot as much as it was an inevitable shift as the market slows.
“Those kinds of companies surface when it’s an incredibly big sellers market,” De Lay said. “Then they vanish when the market settles down.”
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by Taylor Anderson | May 19, 2025 | Industry, News Feed
Kirsten Childress alleged she was drugged and sexually assaulted following a private event during eXp Shareholder Summit in May 2023. She is the sixth woman to make similar allegations in court.
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A former eXp agent sued the brokerage and a photographer who worked for one of its agents, saying she was drugged and sexually assaulted after a networking gathering that took place during an eXp event in 2023, and that eXp failed to properly investigate the incident.
Kirsten Childress alleged that she met the photographer, Nicholas B. Moore, at an open bar hosted by an eXp vendor during the eXp Shareholder Summit in May 2023 before the alleged attack took place.
After filing her civil lawsuit in the U.S. District Court for the Middle District of Florida on Monday morning, Childress became the latest woman to sue eXp and allege she was attacked after attending an event affiliated with the brokerage and receiving a laced drink.
Childress said that she attended a networking event with an open bar and food hosted by an eXp vendor during the summit. She recalls drinking 1-2 vodka cranberry cocktails while eating and socializing during the event, her complaint says.
“The next thing [she] recalls is being raped and strangled by [Moore] in his hotel room,” the complaint says.
Moore hasn’t been charged with a crime. He didn’t immediately respond to a request for comment on Monday, the day Childress filed her civil complaint against him and eXp.
In a statement, eXp said that it was “deeply concerned” about the allegations and distanced itself from the event that preceded the alleged attack.
“We are deeply concerned by any report of harm and extend our compassion and support to Ms. Childress,” the brokerage said in a statement. “The alleged incident occurred at a private, non-eXp-sponsored event, and the accused individual is not affiliated with eXp Realty. When the matter was brought to our attention, we immediately responded by offering support to the victim and by taking action to help to ensure the safety of other eXp agents. We want to be clear that eXp does not in any way condone, and had no involvement or control over, the actions of the accused individual.”
The allegations
The New York Times reported on Childress’s lawsuit on Monday. The outlet first reported on the case in an article about similar allegations involving eXp and its agents in December 2023.
The alleged incident happened in a hotel room after a networking event hosted by an unspecified eXp vendor on the Friday night of the event.
The NYT reported that detectives with the Orange County Sheriff’s Office interviewed Moore the morning after the alleged attack, during which he said they had consensual intercourse.
Neither the hospital nor the Victim Service Center conducted toxicology screenings, according to the complaint. The state attorney’s office later declined to prosecute the case, citing the lack of toxicology testing, the complaint states.
Moore allegedly said that he had no sexual contact with Childress, and that he ordered a rideshare to take her to her hotel after he learned she was married, according to the lawsuit.
“However, DEFENDANT MOORE’s DNA was detected from vaginal swabs collected from the rape kit,” Childress’s lawsuit states.
“DEFENDANT MOORE later admitted to the law enforcement he choked PLAINTIFF during sex but claimed it was consensual,” the complaint says. “This is inconsistent with PLAINTIFF’s statements, memory loss, post-traumatic presentation, and physical evidence.”
According to the complaint, eXp didn’t conduct an investigation into the alleged conduct, and Moore still worked as a contractor for at least one eXp agent months after the alleged incident.
“DEFENDANT eXp’s failure to investigate is consistent with DEFENDANT eXp’s pattern and practice of turning a blind eye and not investigating the conduct of its top agents, contrary to its own Policies and Procedures.”
In her complaint, Childress accuses Moore of sexual battery and intentional infliction of emotional distress. She accuses eXp of negligent misrepresentation and breach of contract.
She is seeking compensatory relief to be determined at trial, punitive damages from Moore and eXp, and an injunction requiring policy reform and reporting transparency at eXp.
Previous lawsuits
In February 2023, four women accused two eXp Realty agents of luring them to industry and company events with the promise of career advancement, only to then drug and sexually assault them.
That complaint ultimately argued that the two men participated in an “ongoing venture to entice women to travel in interstate commerce, recruit enthusiastic real estate agents with the promise of career advancement and coaching, and use their considerable influence in the real estate industry on these other real estate agents behalf, knowing that they would use means of force, fraud or coercion to cause these women to engage in a sex act.”
A fifth eXp agent filed a lawsuit that made similar allegations in December 2023.
Those lawsuits are still in litigation.
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by Taylor Anderson | May 15, 2025 | Industry, News Feed
Broker George T. Spyridakis alleged the rental listing platform effectively “masked” listings but still charged daily marketing fees. He moved to withdraw the case this week after reaching a settlement with Zillow.
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Zillow has settled a lawsuit filed by a New York City broker who alleged the company’s StreetEasy apartment platform was essentially hiding his rental listings despite charging a daily fee to the agent listing the properties.
George T. Spyridakis moved this week to withdraw the lawsuit he filed in February after the two sides reached a settlement agreement, according to a pair of court filings from Tuesday and Wednesday.
“In order to avoid further delay, uncertainty, inconvenience, and expense of continued litigation of the disputed claims, and as a result to of [sic] a mutual desire to settle their disputes, the Parties have reached a full and final settlement agreement,” according to the notice of settlement and motion for dismissal.
The judge overseeing the case approved the dismissal on Wednesday.
StreetEasy declined to comment on the lawsuit and didn’t immediately respond to a request for comment or information about the settlement. The company denied Spyridakis’s claims in court, according to the new court filings.
Spyridakis, an associate broker with eXp, filed his complaint in the U.S. District Court for the Western District of Washington in Seattle, near Zillow’s headquarters.
He claimed he paid $7 daily for each StreetEasy listing, and that he has listed over 250 properties for rent or for sale on StreetEasy, but that listings on occasion have been “masked” from public view.
In New York, multiple brokers can advertise the same unit, but StreetEasy policies appear to seek to prevent that from happening.
“Only one copy of a rental listing is permitted on StreetEasy,” the company’s listings quality policy says. “We will not approve the same unit to be advertised by more than one brokerage, landlord, or owner.”
He had alleged that the damages exceeded $5 million.
Neither he nor his attorney responded to requests for comment when the complaint was filed nor after the case was settled and withdrawn. The lawsuit was withdrawn with prejudice, meaning it cannot be filed again.
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by Taylor Anderson | May 13, 2025 | Industry, News Feed
The denial by Judge Stephen Bough is the latest in a string of court losses for the two remaining real estate companies that have yet to reach settlement agreements in homeseller commission cases.
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The two remaining real estate companies still battling lawsuits filed by homesellers lost their latest bids in court on Monday when the judge overseeing the case denied their requests to transfer the suit to their home states.
Judge Stephen R. Bough issued the order denying the requests by Berkshire Hathaway Energy and Crye-Leike to have a commission lawsuit known as Gibson transferred to Iowa and Tennessee, respectively.
“The Court holds that severing this case into multiple duplicative cases does not serve the interest of justice [or] judicial economy,” Bough wrote in his order.
The denial was the latest in a series of court losses for the firms as the number of real estate companies that weren’t covered by the National Association of Realtors settlement last year and haven’t yet reached their own settlements dwindles toward zero.
Berkshire Hathaway Energy and Crye-Leike are the two remaining real estate companies that have yet to strike their own settlement agreements in lawsuits filed by homesellers who targeted the way agents historically had been paid. Monday’s order threw their attempts to defeat the case further into question.
In December, Bough denied the companies’ requests to dismiss the case.
In March, Hanna Holdings demanded that Bough recuse himself over allegations that donations to the city council campaigns of his wife by plaintiffs’ attorneys amounted to disqualifying conflicts of interest. Berkshire Hathaway and Crye-Leike soon joined that effort, which Bough later denied.
In April, Berkshire Hathaway requested that Bough agree to transfer the case to the Southern District of Iowa, where Berkshire Hathaway Energy resides. BHE is the holding company of Berkshire Hathaway HomeServices. Its attorneys argued in their transfer request that the holding company had nothing to do with real estate and, as such, has no relation whatsoever with the state of Missouri, where the case was filed.
Crye-Leike sought to transfer the case from Missouri to the United States District Court for the Western District of Tennessee.
Earlier this month, Hanna Holdings agreed to settle the Gibson case after losing its attempts for Bough to recuse himself and to have the case transferred to Pennsylvania.
EXp and Weichert Realtors have reached settlement agreements in a separate case known as Hooper. They have yet to receive approval for those settlement agreements, and Gibson plaintiffs have fought to bring them back to the negotiating table with Gibson attorneys, accusing the two companies of cherry-picking their settlements to save money on settlement costs.
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