NAR rival seeks agents for possible class action over Clear Cooperation

The American Real Estate Association is looking for those ‘fined or otherwise harmed’ by the National Association of Realtors’ pocket listing rule and are interested in “collective action.’ Continue reading

NAR asks Supreme Court to weigh in on DOJ fight

The trade group’s petition leans heavily on the government’s promise to close investigations into the Clear Cooperation Policy and the Participation Rule. Continue reading

Bright MLS CEO checks Robert Reffkin on Clear Cooperation Policy

Bright MLS CEO Brian Donnellan takes issue with assertions made by Compass CEO Robert Reffkin in his Oct. 8 op-ed for Inman on the role of MLSs in promoting Clear Cooperation. Continue reading

Real estate is still processing Aug. 17 and Clear Cooperation

During a panel at Inman Connect Austin on Wednesday, Rachel Hocevar of Compass and Romeo Manzanilla of @properties Christie’s International Real Estate discussed the implications of industry shakeups. Continue reading

Commission suit against Howard Hanna, MLS tossed on the merits

The homeseller suit known as Moratis alleged a West Penn MLS commissions-related rule violates antitrust laws, but unlike a similar NAR rule, the former expressly allows offers of zero dollars. Continue reading

NextHome CEO James Dwiggins takes on Clear Cooperation critics

In a LinkedIn post Tuesday, Dwiggins claimed brokerage leaders fighting to repeal the pocket listing rule are concealing an agenda to hoard listings, recruit agents and generate internal leads. Continue reading

Ending Clear Cooperation is a win for big brokers — and no one else

According to Redfin CEO Glenn Kelman, big brokerages have a vested interest in getting rid of Clear Cooperation, even at the expense of agents and consumers. Continue reading

In wake of commission suits, agents need a new title

Reinforcing the fiduciary-level nature of our work as real estate agents has never been more important, Darryl Davis writes. We can start by ditching the outdated title of “Salesperson,” which does not adequately express our professional purpose. Continue reading

Reffkin: Restrictive NAR and MLS rules eliminate seller choice

Compass founder and CEO Robert Reffkin writes that Clear Cooperation and mandatory disclosures undermine seller choice and put them at risk of the unintended consequences of a mass exposure of property details. Continue reading