As NAR settlement wins approval, Batton II commission lawsuit grows

Twenty-two homebuyers across 19 states were added to the list of plaintiffs in the Batton case Tuesday while eXp continued to push for a delay in a separate commission case known as Gibson. Continue reading

Texas broker latest to file suit over NAR’s divisive 3-way agreement

Luz de Amor Eytalis took aim at rules that require “forced memberships” in local, state and national Realtor associations in order to access her local multiple listing service. Continue reading

Buyer-broker agreement may limit how brokers compete, DOJ warns

Ahead of a final Nov. 26 approval hearing on NAR’s proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours. Continue reading

What’s the rent? A whole month’s pay, 1 in 5 renters tell Redfin

Redfin report finds 22 percent of U.S. renters say they pay their all of their monthly income to afford rent. They’re borrowing money, getting a second job and pulling from retirement to cover the cost. Continue reading

Award per homeseller in Sitzer is about $913 and getting smaller

Over 491,000 homesellers have filed claims for a portion of the $700 million raised by real estate settlements in Sitzer, with more to come before May 2025 deadline. Continue reading

Phoenix Realtors offer MLS Choice amid 3-way agreement pushback

The new membership option will give agents who aren’t members of local, state or national Realtor associations access to state-compliant forms as alternative to NAR’s “three-way agreement.” Continue reading

With focus on mortgage business, Zillow launches ‘BuyAbility’ tool

Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables. Continue reading

NAR perks and lavish spending spotlight of New York Times report

Volunteer National Association of Realtors’ leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday. Continue reading

Homie: NAR created a ‘weapon’ that it used to block competition

In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy. Continue reading

Decline in NAR membership, long expected, hasn’t materialized yet

With 1,526,631 members as of Oct. 31, the National Association of Realtors is on track to end 2024 with its fourth-highest membership numbers on record. Next year, however, is a different story. Continue reading