Attorneys for the plaintiffs in a case now known as Moratis stress that NAR’s proposed settlement won’t stop “a key element of the antitrust conspiracy” and might take years to go into effect. Continue reading
The vast majority of more than 600 multiple listing services nationwide have chosen to opt in to the National Association of Realtors’ commission settlement, according to a new Inman analysis. Continue reading
The U.S. Department of Justice on Monday argued NAR “does not identify any errors of law or fact meriting panel rehearing” over whether the antitrust enforcer can reopen its probe into NAR rules. Continue reading
Brokerages and MLSs have until 11:59 p.m. CST Tuesday to opt in to deals resolving antitrust claims brought by sellers targeting commissions. Inman contacted 79 brokerages for their updates. Continue reading
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Mark your calendars: The U.S. Department of Justice will… Continue reading
MLS PIN on Monday urged a district court to reject the Department of Justice’s arguments against a settlement with homeseller plaintiffs in the Nosalek antitrust commission case. Continue reading
Pennsylvania homeseller Spring Way Center is seeking to overturn the court approval of deals reached with Anywhere, Keller Williams and RE/MAX to resolve antitrust commission suits. Continue reading
Plaintiffs’ lawyer Michael Ketchmark vowed legal action to enforce deal: “Anyone who thinks they can send a few emails or bury their head in the sand and avoid the application of the law is wrong.” Continue reading
The franchisors are not required to implement the business practice changes they agreed to until after the appeals process. Continue reading
In response to NAR’s proposed settlement, the nation’s second largest MLS will add data fields on June 11 allowing sellers to signal they’re willing to offer buyer concessions when they list a home. Continue reading