Cendant Corp. and Homestore have reached an agreement to settle their litigation.

Homestore will issue 250,000 shares of its stock to Cendant, a settlement valued at about $9.4 million. Although the amount is somewhat short of the $300 million in damages originally sought by Cendant it is actually almost $2.4 million more than the amount that Cendant would have received had Homestore honored its agreement in the first place.

In its original agreement, Cendant was to give Homestore's Realtor.com access to its real estate listing data in exchange for a cash fee and a letter saying Homestore would make a good faith effort to issue Cendant $7 million of private stock before it went public.

Homestore failed to issue Cendant any stock before its August IPO which prompted the retalitory lawsuit by Cendant.

All bad blood is washing under the bridge as both companies reaffirm their previous business arrangement which will allow Homestore to use Cendant brand's real estate listings culled from Century 21, ERA, and Coldwell Banker. In addition, Cendant will continue to endorse Homestore's Web page design and hosting services to its real estate brokers and agents.

The prize for Homestore is Cendant's exclusive third-party license to use Cendant's 400,000 electronic listings. The agreement does not preclude Cendant's posting of its brand's listings on its upcoming site CompleteHome.com, scheduled to debut in December.

The reason, explained by a Cendant spokesperson, is that CompleteHome.com is part of the Cendant family and not a third-party aggregator.

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Published: October 23, 1999

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Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68. Order Now Review - Honors In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.       Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans. Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR "The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors Coverage from WSMV, Nashville - 8-14-2007 That Interview Guy - Get Inside The Head Of Today's Generation 2007 AE Institute Session - To purchase 2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9 HouseValues Mastermind call - Parts 1 2 Blanche's fireside chat with Jeremy Conaway, HAR - Click here. For more articles by Blanche, click here.