Tag Archives: Antitrust

NAR asks Supreme Court to weigh in on DOJ fight

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The trade group’s petition leans heavily on the government’s promise to close investigations into the Clear Cooperation Policy and the Participation Rule. Continue reading →

Commission suit against Howard Hanna, MLS tossed on the merits

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The homeseller suit known as Moratis alleged a West Penn MLS commissions-related rule violates antitrust laws, but unlike a similar NAR rule, the former expressly allows offers of zero dollars. Continue reading →

A fixture of Texas Realtor groups narrows in on ethics in real estate

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Broker Romeo Manzanilla spoke to Inman ahead of his appearance at Connect Austin on Oct. 9 about raising professionalism in the real estate industry in the wake of NAR settlement changes. Continue reading →

Seven homesellers object to deals reached in Gibson commission suit

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Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others. Continue reading →

Top Agent Network amends suit to focus on NAR as ‘real wrongdoer’

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TAN CEO: “NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it” Continue reading →

NAR vows to assess legal risk of current policies

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New CEO Nykia Wright told NAR’s board of directors the trade group’s next step will be to develop a “comprehensive” litigation strategy and size up any additional legal exposure related to its rules. Continue reading →

Brokerages and non-Realtor MLSs settle antitrust suits for $30M

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Fifteen MLSs and 13 brokerages that chose to opt-in to NAR’s commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450 million. Continue reading →

NAR Chief Legal Officer Katie Johnson is ‘stepping down’

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After a decade leading the trade group’s legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving. Continue reading →

Law professor creates contract with buyer interests in mind

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University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal. Continue reading →

Invitation Homes to pay $48M to settle tenant ‘junk fee’ claims

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The FTC alleges the company advertised monthly rental rates that did not include mandatory “hidden” fees that could add up to more than $1,700 per year. Continue reading →