The court has granted plaintiffs’ motion for preliminary approval of settlements proffered by Compass, The Real Brokerage, Realty One Group, At World Properties and Douglas Elliman in the Gibson commission lawsuit. Continue reading
The proposed deal would resolve antitrust claims brought by homesellers but not homebuyers. Continue reading
The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide. Continue reading
More than 90 brokerages would not be covered under the $418 million deal, though most have the option of buying in. Continue reading
Amended complaint alleges Warren Buffett’s company abused the trust inspired by his name to encourage homesellers to use HomeServices and further alleged price-fixing conspiracy. Continue reading
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict. Continue reading
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It’s also the latest in a string of new cases following the Sitzer | Burnett verdict. Continue reading
A judge has granted preliminary approval of the franchisers’ multi-million dollar settlements in Sitzer | Burnett, Moehrl and Nosalek. Final approval may happen next year. Continue reading
The National Association of Realtors’ legal team on Monday blamed the ruling on the judge. The plaintiffs’ attorney, meanwhile, said NAR hadn’t “learned anything” from its “resounding defeat.” Continue reading
Disrupting the National Association of Realtors’ use of multiple listing services as a “vehicle for higher commissions” is at the center of talks, lawyer Michael Ketchmark told Inman exclusively. Continue reading