In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading
The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won’t consider change to lockbox policy. Continue reading
The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading
REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading
In an open letter, Ryan alleges the National Association of Realtors’ rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November. Continue reading
Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading
An analysis of the association’s petition offers a step-by-step timeline of the events leading up to the DOJ’s launch of a new probe into NAR rules. Continue reading
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July. Continue reading
Lower court suggested TAN was the wrong plaintiff to bring suit because its business model is itself allegedly anticompetitive, but TAN says the court’s order was “erroneous.” Continue reading