Tag Archives: MLS & Associations

NAR breaks silence on DOJ call to decouple commissions

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Consumer watchdog CFA hails federal agency’s proposal to ban sellers from making compensation offers as a “major watershed” in promoting more competition in real estate. Continue reading →

NAR: Commission suit insurance coverage ran out ‘some time ago’

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There are no funds under NAR’s policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group. Continue reading →

HomeServices dropped from long-running buyer commission lawsuit

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The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices. Continue reading →

NAR hits back following ‘external commentary’ critical of the group

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NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the U.S. Department of Justice wants big changes in real estate. Continue reading →

DOJ to Nosalek judge: Broker commissions should be decoupled

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The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker’s commission directly. Continue reading →

Meet the brokerage getting ahead of the post-Sitzer commission rush

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DeLeon Realty in Silicon Valley began advertising commissions of 3.5 percent or less for homesellers who choose to work with the firm. The marketing push appeared in the mail and social media this week. Continue reading →

NAR halts ‘presidential initiatives’ for next 2 years amid turmoil

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The trade group will not take on pet projects for the duration of NAR President Kevin Sears’ tenure, which is slated to last until November 2025, he told NAR’s Board of Directors Wednesday morning. Continue reading →

NAR president: The DOJ is a ‘bigger problem’ than $1.8B Sitzer verdict

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In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it “forced down our throats.” Continue reading →

Stop taking legal advice from NAR and your local association

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Associations are a valuable resource, but they’re not the be-all and end-all of real estate, especially when it comes to questions about legality and licensing. It’s important to rely on valid legal advice from an attorney rather than the opinion of as… Continue reading →