The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading
NAR and co-defendants Realogy, Keller Williams, RE/MAX and HomeServices of America are asking a higher court to let them appeal a decision to make an antitrust commission suit a class action. Continue reading
REX, which offers buyers commission rebates, filed suit against Oregon officials in December 2020. Continue reading
REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue. Continue reading
Paying $10 more for the trade group’s consumer ad campaign has agents and brokers reevaluating what they’re getting for their NAR membership. Continue reading
Unlike two federal cases that claim seller costs are inflated by commission sharing, New Jersey homebuyer’s lawsuit argued that buyers are the ones unfairly impacted. Continue reading
In a new report alleging the majority of commissions are nearly identical in 35 U.S. cities, the Consumer Federation of America said offers to buyer agents should be legally prohibited. Continue reading
Judge finds the National Association of Realtors failed to allege facts to show how the discount brokerage specifically harmed the trade group’s reputation with its own members and consumers. Continue reading
Three-judge panel concludes trade group must face allegations that the Clear Cooperation Policy was part of a group boycott to prevent The PLS from competing with MLSs, leaving agents with fewer choices, inflated prices and lower-quality products. Continue reading
Agents and brokers told Inman they’re reeling over a federal court’s decision to grant class action status in a commission suit that could rock the real estate industry by changing how they’re paid. Continue reading