Tag Archives: cooperative compensation rule

SCOTUS, ChatGPT, no-BS: Inman’s Top 5 stories of the week

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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading →

Supreme Court denies NAR’s appeal request in DOJ case

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The Supreme Court didn’t explain its reasoning for the decision, which will now allow the Department of Justice to reopen its investigation into the association’s cooperative compensation rule. Continue reading →

Illinois homebuyers file new class-action commission suit

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The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn’t name the organization as a defendant. Continue reading →

60-day clock begins for brokerages seeking to opt into $418M NAR deal

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Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered. Continue reading →

Federal courts hand HomeServices a win (and a loss) in Sitzer | Burnett

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The U.S. Supreme Court denied the real estate franchisor’s request for consideration on Monday, but the plaintiffs won’t be able to lay $4.7 billion in damages at HomeServices’ feet — at least not yet. Continue reading →

Redfin in crosshairs as new lawsuit targets buyer-broker commissions

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California resident Andrea Freedlund is suing on behalf of homesellers who paid a buyer agent in the four years before Redfin announced it was leaving NAR, according to a suit filed in federal court. Continue reading →

Keller Williams settles Sitzer, Moehrl commission suits for $70M

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Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR. Continue reading →

Attorney lays out how real estate can survive the commission suits

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At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements. Continue reading →

Appeals court weighs DOJ push to reopen NAR commission rule probe

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A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into the National Association of Realtors’ cooperative compensation and pocket listing rules. Continue reading →

NAR: ‘We have many grounds’ to appeal the Sitzer | Burnett verdict

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The National Association of Realtors laid out its arguments to overturn the ruling Tuesday. The plaintiffs’ attorney said if the trade group doesn’t change, it risks an injunction and DOJ wrath. Continue reading →