In an email, the 1.5 million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements’ terms. Continue reading
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
The franchisor filed a petition to the Supreme Court on Friday requesting the review of an earlier appeals court ruling barring it from enforcing arbitration agreements signed by seller clients. Continue reading
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
Proptech has a role to play in how real estate consumers view and interact with the professionals who help them buy and sell homes. Continue reading
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn’t the only lawsuit with commissions in the crosshairs. Continue reading
The National Association of Realtors and Keller Williams have hired former U.S. solicitors general to help them beat back the multibillion-dollar verdict. Continue reading
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
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
“Batton 2,” exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson. Continue reading