Tag Archives: consumer federation of america

What happens to buyers’ agents if the bombshell lawsuit explodes?

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Multiple lawsuits are challenging the way agents get paid. Inman asked experts what that means, and how the future of real estate might evolve as a result of changes to the commission structure. Continue reading →

Watchdog calls for ban on sellers offering buyer agent commissions

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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 →

From hate speech to antitrust: The year in MLSs and associations

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2021 came with Realtor misbehavior, rising legal and regulatory scrutiny and MLSs becoming tech investors after Zillow’s acquisition of ShowingTime. Continue reading →

Court tosses REX antitrust suit against Oregon anti-rebate law

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Judge said discount brokerage had made ‘compelling arguments’ that law hurts consumers and artificially inflates home prices, but that states are immune from federal antitrust laws. Continue reading →

‘Highly uniform’ commissions designed to thwart competition: study

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The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading →

Consumer watchdog: The real estate industry regulates itself

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A report from the Consumer Federation of America found that the vast majority of seats on state real estate commissions are held by industry members, and not one is held by a consumer or housing advocate. Continue reading →

New Fannie Mae rule may help renters qualify for a mortgage

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Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they’ve been paying their rent consistently, thanks to changes to Fannie Mae’s automated underwriting system taking effect next month. Continue reading →

NAR ‘cut a deal’ with Trump DOJ to undermine commission suits: CFA

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The National Association of Realtors countered that the Consumer Federation of America’s assertions are “wrong and misleading” and “commissions are very much negotiable.” Continue reading →

With new FTC chair, expect greater scrutiny on the real estate industry

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Lina Khan’s appointment at the Federal Trade Commission last week appears to indicate the Biden administration plans to take an aggressive approach to antitrust regulation. Continue reading →