In a phone interview, lead plaintiffs’ counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow’s business model, and the “monster case” that remains. Continue reading
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250 million in April. 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
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
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
Northwest MLS says banning compensation in the MLS restricts consumer choice and transparency. Plaintiffs’ attorney Michael Ketchmark says “the fox is guarding the chicken house.” Continue reading
May 6 remarks from Anthony Lamacchia spurred at least one NAR midyear attendee to leave the MLS Forum in protest, others to hurl steering accusations, and NAR’s senior counsel to intervene. Continue reading
The ruling by Judge Stephen R. Bough on Thursday resolves antitrust claims in the Sitzer | Burnett, Moehrl and Nosalek commission cases. However, it won’t quash other existing suits from buyers. Continue reading